崔东树：1-8月中国汽车实现出口494万辆 同比走势总体较强

Summary of Key Points Core Viewpoint - China's automobile exports are experiencing significant growth, with a total export of 764,000 units in August 2025, representing a year-on-year increase of 25% and a month-on-month increase of 12% [1][7]. Export Performance - From January to August 2025, China exported 4.94 million vehicles, marking a year-on-year growth of 21% compared to the same period in 2024 [1][7]. - The top ten countries for China's automobile exports in August 2025 included Russia (58,707 units), UAE (46,616 units), and Mexico (38,994 units) [1]. - The cumulative export figures for 2025 show Mexico leading with 362,103 units, followed by UAE and Russia [2]. Electric Vehicle Exports - In August 2025, China's electric vehicle exports totaled 76,400 units, with significant contributions from Belgium (27,247 units) and the Philippines (21,957 units) [2][3]. - The performance of China's new energy vehicle exports from January to August 2025 was better than expected, driven by the growth of plug-in hybrid and hybrid vehicles, particularly in the pickup segment [3][12]. Historical Trends - China's automobile exports have seen a steady increase since 2021, with a growth rate of over 50% in 2022 and 2023, and a projected growth rate of around 20% for 2024 and 2025 [6][7]. - The export volume reached 641,000 units in 2024, continuing the upward trend from previous years [6]. Market Dynamics - The growth in exports is attributed to the enhanced competitiveness of Chinese products and slight growth in markets of southern countries globally [1][7]. - The export structure shows a rising share of passenger vehicles, which accounted for 85% of total exports in 2023, while the share of commercial vehicles has been declining [11][15]. Regional Contributions - In 2025, Anhui province emerged as the leading exporter of automobiles, surpassing Shanghai, with a total of 670,000 units exported from January to August [17][18]. - The strong performance of companies like Chery and JAC in Anhui has contributed to this growth, alongside increased contributions from Jiangsu and Henan provinces [18].