Core Viewpoint - In May 2025, the national industrial producer price index showed a year-on-year decline of 3.3% for factory prices and 3.6% for purchase prices, indicating a continued downward trend in industrial pricing [1][3]. Group 1: Year-on-Year Changes in Industrial Producer Prices - In May, the prices of production materials decreased by 4.0%, contributing approximately 2.98 percentage points to the overall decline in factory prices. The mining industry saw a significant drop of 11.9%, while raw materials and processing industries experienced declines of 5.4% and 2.8%, respectively [3]. - Prices of living materials fell by 1.4%, impacting the overall factory price level by about 0.36 percentage points. Food prices decreased by 1.4%, while clothing prices remained stable, and general daily goods prices increased by 0.6%. Durable goods prices dropped by 3.3% [3]. Group 2: Month-on-Month Changes in Industrial Producer Prices - In May, the factory prices of production materials decreased by 0.6%, affecting the overall factory price level by approximately 0.44 percentage points. The mining industry prices fell by 2.5%, raw materials by 0.9%, and processing industry prices by 0.3% [7]. - Prices of living materials remained stable, with food prices decreasing by 0.1%, clothing prices increasing by 0.2%, and both general daily goods and durable goods prices rising by 0.1% [7]. Group 3: Changes in Industrial Producer Purchase Prices - In May, the purchase prices of fuel and power decreased by 9.8%, black metal materials by 7.3%, and chemical raw materials by 5.4%. Agricultural products saw a decline of 2.6%, while textile raw materials dropped by 2.5%. Building materials and non-metallic materials decreased by 1.1%, while prices for non-ferrous metal materials and wires increased by 4.6% [6].

Group 1 - The core viewpoint of the article highlights the significant growth in China's automobile exports to "Belt and Road" countries, with a total export value of $40.18 billion from January to April 2025, representing a year-on-year increase of 10.1% and accounting for 58.6% of total automobile exports [1] Group 2 - The export of complete automobiles reached 1.421 million units, showing a year-on-year growth of 17.9% and constituting 65.8% of the total export volume of complete automobiles [1] - The export of new energy vehicles (NEVs) amounted to 435,000 units, reflecting a substantial year-on-year increase of 59% and making up 50.2% of the total NEV export volume [1]

2025 年 5 月份，全国居民消费价格同比下降 0.1% 。其中，城市持平，农村下降 0. 4% ；食品价格 下降 0.4% ，非食品价格持平；消费品价格下降 0.5% ，服务价格上涨 0.5% 。 1 — 5 月平均，全国居 民消费价格比上年同期下降 0.1% 。 来源： 统计微讯 二、各类商品及服务价格环比变动情况 5 月份，食品烟酒类价格环比下降 0.2% ，影响 CPI 下降约 0.05 个百分点。食品中，鲜菜价格下降 5.9% ，影响 CPI 下降约 0.12 个百分点；蛋类价格下降 0.9% ，影响 CPI 下降约 0.01 个百分点；畜肉类 价格下降 0.2% ，影响 CPI 下降约 0.01 个百分点，其中猪肉价格下降 0.7% ，影响 CPI 下降约 0.01 个百 分点；鲜果价格上涨 3.3% ，影响 CPI 上涨约 0.07 个百分点；水产品价格上涨 0.8% ，影响 CPI 上涨约 0.02 个百分点。 其他七大类价格环比四涨一平两降。其中，其他用品及服务、衣着价格分别上涨 0.7% 和 0.6% ， 教育文化娱乐、医疗保健价格均上涨 0.1% ；居住价格持平；交通通信、生活用品及服 ...

据中国汽车工业协会整理的海关总署 数据显 示 ， 2025 年 4 月， 汽车零部件类产品出口金额 达 80.2 亿美元，环比下降 3.7% ，同比增长 6.3% 。 来源： 中汽协会行业信息部 2025 年 1 -4 月， 汽车零部件类产品出口金额累计达到 310 亿美元，同比增长 4.8% 。 ...

各省、自治区、直辖市及计划单列市工业和信息化主管部门、发展改革委、农业农村（农牧）厅 （局、委）、商务主管部门、能源主管部门： 为贯彻落实党中央、国务院关于乡村全面振兴和碳达峰碳中和决策部署，加快补齐乡村地区新能 源汽车消费使用短板，构建绿色低碳、智能安全的乡村居民出行体系，工业和信息化部、国家发 展改革委、农业农村部、商务部、国家能源局组织开展2025年新能源汽车下乡活动。 一、活动主题 关于开展2025年新能源汽车下乡活动的通知 工信厅通装函〔2025〕219号 导 读 工业和信息化部、国家发展改革委、农业农村部、商务部、国家能源局等五部门近日联合 印发通知，部署开展2025年新能源汽车下乡活动。活动主题为"绿色、低碳、智能、安全 ——赋能新农村，畅享新出行"，将选取满足乡村地区使用需求、口碑好、质量可靠的新能 源车型，开展展览展示、试乘驾驶等活动。组织新能源汽车售后维保服务企业，充换电服 务企业，保险、信贷等金融服务企业协同下乡，持续优化乡村地区新能源汽车应用配套环 境。推动车网互动技术在乡村地区应用，提升乡村绿色发展水平。落实车购税、车船税减 免，汽车以旧换新，县域充换电设施补短板等政策，鼓励车企丰富 ...

据中国汽车工业协 会整理的 海关总署数据 显 示， 2025 年 4 月， 汽车零部件产品进口金额达 17 亿美元，环比增长 10% ，同比下降 28.1% 。 来源： 中汽协会行业信息部 2025 年 1 - 4 月， 汽车零部件产品进口金额 63.3 亿美元，同比下降 25.8% 。 ...

来源： 中汽协会行业信息部 2025 年 1- 4 月， 汽车整车出口 215.8 万辆，同比增长 15% ；出口金额达 369 亿美元，同比增 长 2.8% 。 据中国汽车工业协会整理的海关总署数据显示 ， 202 5 年 4 月 , 汽车整车出口 62 万辆，环比增 长 3.9% ，同比增长 11.6% ，出口金额达 111.6 亿美元，环比增长 16.1% ，同比增长 4.4% 。 ...

Core Viewpoint - The Chinese automotive industry is calling for an end to chaotic "price wars" among companies, emphasizing the need for fair competition and sustainable development through technological innovation [1][3][4]. Group 1: Industry Response to Price Wars - The China Automotive Industry Association has issued an initiative against disorderly price wars, stating that there are no winners in such competition [1][10]. - Industry leaders, including Chery and NIO, agree that price wars lead to negative consequences for suppliers, dealers, and the overall industry, advocating for a focus on technological innovation instead [3][4][10]. - Executives from various companies, such as BYD and Changan, express their commitment to fair competition and the importance of enhancing product quality and service rather than engaging in price wars [7][8][10]. Group 2: Industry Performance and Challenges - In 2024, China's automotive production and sales both exceeded 31 million units, with new energy vehicles (NEVs) surpassing 10 million units for the first time [8]. - Despite record production and sales, the industry's profit margin was only 4.3%, lower than the overall downstream industrial profit margin [8][10]. - The prevalence of over 60 discounted models in the domestic market has led to increased sales but further declines in profit margins for many companies [10][11]. Group 3: Future Directions and Innovations - Industry experts emphasize that the key to China's automotive success lies in innovation rather than low pricing, with a focus on meeting consumer demands through technological advancements [12][14][18]. - Companies are encouraged to adopt a long-term perspective, investing in research and development to enhance competitiveness and avoid the pitfalls of price wars [18][19]. - The government plans to strengthen regulatory measures to maintain a fair market environment and promote high-quality development in the automotive sector [19][20].

Group 1: Manufacturing PMI Overview - In May, the Manufacturing Purchasing Managers' Index (PMI) was 49.5%, an increase of 0.5 percentage points from the previous month, indicating an improvement in manufacturing activity [1] - Large enterprises had a PMI of 50.7%, up 1.5 percentage points, while medium-sized enterprises saw a PMI of 47.5%, down 1.3 percentage points, and small enterprises had a PMI of 49.3%, up 0.6 percentage points [1] - The production index was at 50.7%, rising 0.9 percentage points, indicating an acceleration in production activities [1] Group 2: Manufacturing Sub-Indices - The new orders index was 49.8%, up 0.6 percentage points, suggesting a recovery in market demand [2] - The raw materials inventory index was 47.4%, up 0.4 percentage points, indicating a narrowing decline in inventory levels [2] - The employment index was 48.1%, up 0.2 percentage points, reflecting an improvement in employment conditions within the manufacturing sector [2] - The supplier delivery time index was at 50.0%, down 0.2 percentage points, indicating stable delivery times compared to the previous month [2] Group 3: Non-Manufacturing PMI Overview - In May, the Non-Manufacturing Business Activity Index was 50.3%, a decrease of 0.1 percentage points, but still above the critical point, indicating continued expansion in the non-manufacturing sector [5] - The construction industry business activity index was 51.0%, down 0.9 percentage points, while the service industry index was 50.2%, up 0.1 percentage points [8] Group 4: Non-Manufacturing Sub-Indices - The new orders index for non-manufacturing was 46.1%, up 1.2 percentage points, indicating a rebound in market demand [10] - The input prices index was 48.2%, up 0.4 percentage points, suggesting that input prices remained below the previous month's level [10] - The sales prices index was 47.3%, up 0.7 percentage points, indicating a narrowing decline in sales prices [10] - The employment index for non-manufacturing was 45.5%, stable compared to the previous month, indicating stable employment conditions [10] Group 5: Composite PMI Overview - The Composite PMI Output Index was 50.4% in May, an increase of 0.2 percentage points, indicating that production and business activities continued to expand overall [15]

Group 1 - In April 2025, the import of complete vehicles reached 40,000 units, representing a month-on-month increase of 3.8% but a year-on-year decrease of 21.8% [1] - The import value for April 2025 was $2 billion, showing a month-on-month increase of 3.3% but a year-on-year decrease of 29% [1] - From January to April 2025, the total import of complete vehicles was 135,000 units, reflecting a year-on-year decline of 35.1% [1] Group 2 - The total import value from January to April 2025 was $6.94 billion, which indicates a year-on-year decrease of 40.8% [1]