Xin Lang Cai Jing·2025-08-11 13:35Core Insights - In July, sales of Chinese brand passenger cars reached 1.604 million units, a year-on-year increase of 21.3%, accounting for 70.1% of total passenger car sales, up 3.8 percentage points from the same period last year [1][3] - From January to July, sales of Chinese brand passenger cars totaled 10.873 million units, a year-on-year increase of 24.4%, with a market share of 68.6%, up 6.1 percentage points year-on-year [3][5] - In July, new energy vehicles (NEVs) continued to grow rapidly, with production and sales reaching 1.243 million and 1.262 million units, respectively, representing year-on-year growth of 26.3% and 27.4% [3][5] Sales Performance - In July, NEVs accounted for 48.7% of total new car sales, with domestic sales of NEVs surpassing 50% for the first time since December last year [3][5] - From January to July, NEV production and sales reached 8.232 million and 8.22 million units, respectively, with year-on-year growth of 39.2% and 38.5% [5][7] - The top five NEV manufacturers, including BYD and Geely, held a market share of 64%, while the top fifteen accounted for 95.1% of total NEV sales, an increase of 1.8 percentage points year-on-year [5][7] Export Trends - From January to July, China's automobile exports reached 3.68 million units, a year-on-year increase of 12.8%, with traditional fuel vehicle exports declining by 7% to 2.373 million units, while NEV exports surged by 84.6% to 1.308 million units [7][9] - Chery and BYD were among the top exporters, with Chery exporting 667,000 units (up 7.3%) and BYD achieving a remarkable growth rate of 130% with 553,000 units exported [9] Market Dynamics - In July, total automobile production and sales were 2.591 million and 2.593 million units, respectively, showing a month-on-month decline of 7.3% and 10.7%, but year-on-year growth of 13.3% and 14.7% [9][11] - The decline in July's production and sales was attributed to seasonal factors such as high temperatures and equipment maintenance, despite traditional fuel vehicles showing positive growth for two consecutive months [11][13] - The clarity of national policies is expected to stabilize consumer confidence and boost automotive consumption, ensuring stable industry performance in the second half of the year [13]