GXED(SH:600617) 智通财经网·2025-09-02 09:21Core Insights - The wholesale sales of new energy passenger vehicles in China reached 1.3 million units in August 2025, representing a year-on-year increase of 24% and a month-on-month increase of 10% [1] - Cumulatively, from January to August 2025, the total wholesale sales amounted to 8.93 million units, reflecting a year-on-year growth of 34% [1] Industry Performance - In August 2025, there were 21 working days, one less than the same period last year, leading to relatively stable production and sales among manufacturers [4] - The Ministry of Industry and Information Technology (MIIT) is promoting a shift from price competition to value competition, focusing on technological upgrades and service quality [4] - Promotions in the fuel vehicle market remained stable at 22.9%, while promotions for new energy vehicles increased to 10.7%, up 2.5 percentage points year-on-year [4] Company Highlights - Major automakers such as Geely, Leap Motor, Dongfeng, Xiaopeng, NIO, Dongfeng Nissan, and GAC Toyota achieved record high wholesale sales of new energy vehicles in August [5] - The combined sales of manufacturers with wholesale volumes exceeding 10,000 units in July accounted for 91.7% of the total new energy passenger vehicle sales for that month [5] - Despite some manufacturers taking summer breaks, most have locked in their sales figures, leading to an estimated total of 1.3 million units sold in August [5]