Core Insights - The Chinese automotive market has shown robust growth in the first three quarters of the year, with total production and sales exceeding 24 million units, reflecting a year-on-year increase of over 12% [1][3] - New energy vehicles (NEVs) have gained significant traction, with sales surpassing 11 million units and a penetration rate approaching 50% [1][4] - The market is expected to maintain a growth trend into the fourth quarter, supported by favorable policies and strong consumer demand [1][5] Group 1: Overall Market Performance - In September, automotive production reached 3.276 million units, and sales were 3.226 million units, marking a month-on-month increase of 16.4% and 12.9%, respectively, with year-on-year growth exceeding 14% [1] - The cumulative production and sales for the first three quarters were 24.333 million and 24.363 million units, with year-on-year growth of 13.3% and 12.9% [3] - The passenger vehicle segment showed strong performance, with production and sales of 2.9 million and 2.859 million units in September, reflecting month-on-month growth of 16% and 12.5% [2] Group 2: New Energy Vehicles - NEV sales in September reached 1.617 million units, accounting for 49.7% of total vehicle sales, indicating a significant market penetration [4] - Cumulatively, NEV production and sales exceeded 11.2 million units in the first three quarters, with a year-on-year growth rate of approximately 35% [4] - The market share of NEVs reached 46.1% in the first three quarters, driven primarily by strong growth in pure electric and plug-in hybrid vehicles [4] Group 3: Brand Performance - Chinese brands performed exceptionally well, with sales of 2.007 million passenger vehicles in September, a year-on-year increase of 17.4%, capturing 70.2% of the total passenger vehicle market [2][3] - The market share of Chinese brands in sedans, SUVs, and MPVs reached 65.3%, 73.5%, and 66.2%, respectively, with significant year-on-year growth [2] - In contrast, major foreign brands, particularly German and French, experienced a decline in sales during the same period [2] Group 4: Commercial Vehicles - The commercial vehicle sector also saw strong growth in September, with production and sales of 376,000 and 368,000 units, respectively, reflecting month-on-month increases exceeding 16% and year-on-year increases of 27.7% and 29.6% [4] - Cumulatively, commercial vehicle production and sales for the first three quarters were 3.091 million and 3.117 million units, with year-on-year growth of 9.4% and 7.8% [4]
中国汽车月产销量首度突破300万辆大关 新能源车渗透率逼近五成
Zheng Quan Ri Bao·2025-10-14 15:41