Group 1: New Energy Vehicle Market Performance - In November 2025, the retail sales of new energy vehicles reached 1.354 million units, a year-on-year increase of 7%, and a month-on-month increase of 6%, with a cumulative retail of 11.504 million units for the year, up 20% [1] - The wholesale of new energy vehicles in November 2025 was 1.72 million units, a year-on-year increase of 20%, and a month-on-month increase of 7%, with a cumulative wholesale of 13.777 million units for the year, up 29% [1] - The penetration rate of new energy vehicles in the retail market was 59.8%, while the wholesale penetration rate was 57.5% in November 2025 [1] Group 2: Overall Passenger Car Market Trends - The total retail sales of passenger cars in November 2025 were 2.263 million units, a year-on-year decrease of 7%, but a month-on-month increase of 1%, with a cumulative retail of 21.519 million units for the year, up 6% [4] - The wholesale of passenger cars in November 2025 was 2.992 million units, a year-on-year increase of 2%, and a month-on-month increase of 2%, with a cumulative wholesale of 26.766 million units for the year, up 11% [9] Group 3: Weekly Sales Performance - In the first week of November 2025, the average daily retail sales were 46,000 units, a year-on-year decrease of 19% [2] - In the second week, the average daily retail sales were 67,000 units, a year-on-year decrease of 9% [3] - The average daily retail sales in the fourth week reached 126,000 units, a year-on-year increase of 2% [4] Group 4: Economic and Policy Impact - The macroeconomic environment remains stable, with consumer confidence relatively strong, but the tightening of trade-in and scrapping subsidies has led to a negative growth in retail sales in October [6] - The market has experienced a significant overshoot effect due to multiple rounds of policy subsidies earlier in the year, leading to a cautious consumer sentiment [6] Group 5: Automotive Industry Profitability - From January to October 2025, the automotive industry generated a profit margin of 4.4%, which is lower than the average profit margin of 6% for downstream industrial enterprises [12] - The automotive industry’s revenue for the same period was 887.78 billion yuan, a year-on-year increase of 7.9%, while costs increased by 8.7% [12] Group 6: Export Performance - In the first ten months of 2025, China exported 6.46 million vehicles, a year-on-year increase of 22%, with a strong performance in October, exporting 820,000 vehicles, up 40% year-on-year [17] - The export of new energy vehicles in October 2025 reached 328,000 units, a year-on-year increase of 65% [17]
乘联分会：11月全国乘用车新能源市场零售135.4万辆 同比增长7%
智通财经网·2025-12-03 08:52