纯电动车重夺新能源车市场主导地位

Core Insights - In July, the retail sales of passenger cars in China reached 1.826 million units, representing a year-on-year increase of 6.3% but a month-on-month decrease of 12.4% [1] - From January to July, cumulative retail sales totaled 12.728 million units, showing a year-on-year growth of 10.1% [1] - The market demand remains strong despite July being a traditional off-season, with a trend towards reduced price cuts and stable promotions in the automotive market [1] Passenger Car Market Performance - The retail sales for the first seven months of 2025 indicate a strong performance, with historical highs in retail, export, wholesale, and production [2] - The new energy vehicle (NEV) market saw retail sales of 987,000 units in July, marking a 12% year-on-year increase, and cumulative sales of 6.455 million units from January to July, a growth of 29.5% [2] - The penetration rate of NEVs in July reached 54.0%, an increase of 2.7 percentage points compared to the same period last year [2] Market Trends and Future Outlook - The upcoming launch of new models in August is expected to diversify product offerings across various market segments, potentially boosting retail sales, particularly for fuel vehicles [3] - Recent new fuel vehicle models are anticipated to feature upgrades in smart cockpit and driving technologies, enhancing their competitive edge [3] - The automotive market is expected to maintain relatively stable prices in the second half of the year under the "anti-involution" trend [3]