乘联分会：预计12月新能源乘用车厂商批发销量157万辆 同比增长4%

Core Insights - In December, the wholesale sales of new energy passenger vehicles in China reached 1.57 million units, marking a year-on-year growth of 4% but a month-on-month decline of 8% [1] - Cumulative wholesale sales of new energy passenger vehicles for 2025 are projected to be 15.33 million units, reflecting a year-on-year increase of 25% [1] Group 1: Market Dynamics - The expiration of the tax exemption policy for new energy vehicles at the end of the year has led to a year-end purchasing rush, although the market is experiencing significant differentiation due to adjustments in vehicle replacement and trade-in subsidies [1] - Consumer sentiment has been affected by deep adjustments in replacement and trade-in subsidies across most provinces, leading to a slowdown in the market [1] Group 2: Company Performance - Major automakers such as Tesla, Seres, NIO, and others achieved record high wholesale sales of new energy vehicles in December, contributing to structural growth in the market [1] - BYD exported 133,000 vehicles in December, a year-on-year increase of 75,000 units, significantly boosting the overall sales growth of new energy passenger vehicles by 4% [1] Group 3: Sales Data - The estimated wholesale sales of new energy passenger vehicles in December is 1,570,000 units, with major manufacturers contributing significantly to this total [2][4] - The report includes detailed sales figures for various manufacturers, indicating strong performance from companies like Changan Mazda and GAC Toyota among others [4]