1-7月新能源汽车产销同比分别增长39.2%和38.5%

Core Insights - The China Association of Automobile Manufacturers (CAAM) released the economic operation data for the automotive industry in July 2025, showing significant growth in both production and sales of vehicles [1] Production and Sales Data - In July, vehicle production and sales reached 2.591 million and 2.593 million units, respectively, representing year-on-year increases of 13.3% and 14.7% [1] - From January to July, vehicle production and sales totaled 18.235 million and 18.269 million units, with year-on-year growth of 12.7% and 12%, respectively [1] - The growth rates for production and sales in the first seven months expanded by 0.2 percentage points and 0.6 percentage points compared to the first half of the year [1] New Energy Vehicles (NEVs) - In July, production and sales of new energy vehicles reached 1.243 million and 1.262 million units, with year-on-year growth of 26.3% and 27.4% [1] - NEVs accounted for 48.7% of total new vehicle sales in July [1] - From January to July, NEV production and sales totaled 8.232 million and 8.220 million units, with year-on-year growth of 39.2% and 38.5% [1] - NEVs represented 45% of total new vehicle sales during the first seven months [1] Export Performance - NEVs showed strong export performance, becoming a key driver for overall automotive export growth [1] - In July, 225,000 NEVs were exported, marking a month-on-month increase of 10% and a year-on-year increase of 120% [1] - Among the exports, 220,000 were passenger NEVs, with a month-on-month increase of 11.9% and a year-on-year increase of 120% [1] - For commercial NEVs, 5,000 units were exported, reflecting a year-on-year growth of 76.5% [1] - From January to July, NEV exports totaled 1.308 million units, representing a year-on-year increase of 84.6% [1]