Zhong Guo Qi Che Bao Wang·2025-11-17 09:10Core Insights - China's automobile exports reached 5.616 million units from January to October, marking a year-on-year increase of 15.7% [1] - New energy vehicle (NEV) exports surpassed 2 million units for the first time, totaling 2.014 million units, which accounts for 35.9% of total exports and represents a significant year-on-year growth of 90.4% [1] Monthly Performance - In October, NEV exports were 256,000 units, reflecting a month-on-month increase of 15.4% and a year-on-year growth of 99.9% [1] - Passenger NEV exports reached 250,000 units in October, with a month-on-month increase of 15.3% and a year-on-year increase of 100% [1] - Commercial NEV exports were 6,000 units in October, showing a month-on-month growth of 20.6% and a year-on-year increase of 26.7% [1] Cumulative Data - From January to October, cumulative passenger NEV exports totaled 1.944 million units, representing a year-on-year increase of 89.3% [1] - Cumulative commercial NEV exports reached 70,000 units, reflecting a year-on-year growth of 130% [1] Market Segmentation - There is a notable difference between overseas and domestic markets, with plug-in hybrid vehicles (PHEVs) showing a significantly higher growth rate compared to pure electric vehicles (EVs) [1] - From January to October, pure electric vehicle exports were 1.296 million units, up 55% year-on-year, while plug-in hybrid vehicle exports reached 718,000 units, marking a year-on-year increase of 220% [1] Company Performance - Chery exported 1.063 million vehicles in the first ten months, a year-on-year increase of 12.9%, accounting for 18.9% of total exports [1] - BYD exported 789,000 vehicles in the same period, representing a year-on-year growth of 140% [1] - BYD plans to exceed 1.6 million vehicle exports by 2026 [1]