Zhi Tong Cai Jing·2025-06-24 23:04Group 1 - The Ministry of Commerce has announced the organization of the 2025 New Energy Vehicle Consumption Season, scheduled from July to December 2025, focusing on promoting vehicle trade-in policies and enhancing the supply of suitable new energy models to meet diverse purchasing needs in rural areas [1] - The report from the China Electric Vehicle Hundred People Association predicts that by 2030, the car ownership per thousand people in rural areas will approach 160, with a total car ownership exceeding 70 million, potentially creating a market scale of 500 billion [2] - The government has been actively implementing policies to stimulate the automotive consumption market, including expanding the range of vehicles eligible for trade-in subsidies and improving the standards for vehicle replacement subsidies [2] Group 2 - A joint notification from five government departments has launched the 2025 New Energy Vehicle Down-to-the-Countryside initiative, which includes 124 vehicle models, an increase of 25 models from 2024, covering brands like BYD, Dongfeng, and Xpeng [3] - In May 2025, the production and sales of new energy vehicles saw significant growth, with production reaching 1.27 million units and sales at 1.307 million units, both showing over 35% year-on-year growth [3] - Analysts predict that the "old-for-new" policy will continue to stimulate market demand, leading to stable growth in electric vehicle sales in the first quarter of 2025 [4] Group 3 - BYD reported sales of approximately 382,500 units in May, a year-on-year increase of over 15%, with pure electric vehicle sales rising by 39.6% [5] - Xpeng Motors delivered 33,525 new vehicles in May, marking a 230% year-on-year increase, with cumulative deliveries reaching 162,600 units in the first five months of 2025 [5] - Li Auto and NIO also reported significant year-on-year growth in vehicle deliveries for May, with Li Auto delivering 40,856 units and NIO delivering 23,231 units [5]