Xin Lang Cai Jing·2025-07-08 12:24Core Insights - The domestic passenger car market in June showed strong growth, with retail sales reaching 2.084 million units, a year-on-year increase of 18.1% and a month-on-month increase of 7.6% [1] - Cumulative retail sales for the year reached 10.901 million units, reflecting a year-on-year growth of 10.8% [1] - In the new energy vehicle (NEV) sector, June retail sales hit 1.111 million units, marking a year-on-year increase of 29.7% and a month-on-month increase of 8.2% [1] Market Performance - The retail penetration rate of NEVs in June reached 53.3%, up 4.8 percentage points from the same period last year, maintaining above 50% for four consecutive months [1] - Among 13 A/H share listed automakers, 10 companies reported year-on-year sales growth in June, representing 77% of the sample [1] Company Highlights - BYD's June sales reached 382,585 units, a year-on-year increase of 11.98%, with cumulative sales for the first half of the year at 2.146 million units, up 33.04% [2] - SAIC Motor's June sales were 365,331 units, a year-on-year increase of 21.56%, with NEV sales at 120,696 units, up 29.19% [3] - Geely's June sales reached 236,036 units, a year-on-year increase of 42.12%, with NEV sales at 122,367 units, up 85.52% [3] New Energy Vehicle Growth - Changan's June sales were 235,098 units, with NEV sales at 100,815 units, reflecting a year-on-year increase of 57.11% [4] - Leap Motor and Xpeng Motors reported significant growth, with Leap Motor's June deliveries at 48,006 units, up 138.65%, and Xpeng's at 34,611 units, up 224.44% [4] Emerging Brands - New brands like Xiaomi and Huawei are gaining traction, with Xiaomi's new model YU7 achieving over 289,000 pre-orders in one hour [5] - The overall market is benefiting from government consumption promotion policies and local initiatives, contributing to a robust June performance [5]