前9个月汽车工业“成绩单”出炉 车市“金九银十”表现有望延续

Core Insights - The Chinese automotive industry has achieved double-digit growth in multiple economic indicators in the first nine months of 2025, with significant increases in both production and sales [1][5]. Production and Sales Data - From January to September, automotive production reached 24.4333 million units, while sales totaled 24.4363 million units, reflecting year-on-year growth of 13.3% and 12.9% respectively [5]. - New energy vehicles (NEVs) saw production and sales exceeding 11.24 million units, with year-on-year growth of 35.2% and 34.9%, making up 46.1% of total new car sales [5]. Export Performance - In terms of exports, 4.95 million vehicles were exported from January to September, marking a year-on-year increase of 14.8%. Notably, NEV exports reached 1.758 million units, showing a remarkable growth of 89.4% [2]. Market Trends - The automotive market has maintained a positive trend, with monthly year-on-year growth rates exceeding 10% for five consecutive months [3]. - In September alone, production and sales surpassed 3 million units for the first time in history, with year-on-year growth of 17.1% and 14.9% respectively [6]. Brand Performance - Chinese brand passenger vehicles accounted for approximately 70% of total passenger vehicle sales, with a cumulative share of 69% in the first nine months, an increase of 5.1 percentage points compared to the same period in 2024 [4]. Policy Impact - Recent government initiatives, including local purchase incentives and adjustments to tax exemption requirements for NEVs, are expected to stabilize automotive consumption and drive industry upgrades [6].