Xin Hua Wang·2025-08-21 23:21Core Insights - China's automotive industry has shown robust growth in the first seven months of the year, with production reaching 18.235 million units, a year-on-year increase of 12.7%, and sales at 18.269 million units, up 12% [2] - The export of complete vehicles reached 3.68 million units, marking a 12.8% increase, indicating a stable overall market performance [2] - The "old-for-new" policy and continuous introduction of new models have positively impacted the market, contributing to steady growth [2] Electric Vehicle Exports - Exports of new energy vehicles (NEVs) surged significantly, with 1.308 million units exported in the first seven months, representing an 84.6% year-on-year increase [2] - In July, NEVs accounted for 39.1% of total vehicle exports, a record high, showcasing their role as a key driver for export growth [2] - The structure of exports is shifting, with plug-in hybrid vehicles becoming a major growth point, as pure electric vehicle exports reached 833,000 units (up 50.2%) and plug-in hybrids at 475,000 units (up 210%) [3] Market Dynamics - Leading companies like BYD, Geely, Chery, and Changan are driving export growth, while emerging brands are gaining traction in international markets, enhancing the competitiveness of Chinese NEVs [3] - The trend is moving towards CKD (Completely Knocked Down) exports and localized production, which is expected to improve local service capabilities [3] Export Destinations - Major export destinations for NEVs include Belgium, the UK, Spain, ASEAN countries like the Philippines, and Latin American countries such as Mexico and Brazil [4] - Despite some disruptions, exports to the EU region have seen rapid growth, with Chinese automotive companies gaining trust through diverse technology routes and competitive pricing [4] Future Outlook - The automotive industry anticipates a total sales volume of 32.9 million units for the year, reflecting a 4.7% increase, with NEV sales projected to reach 16 million units [5]