乘联分会·2025-11-27 08:38Overall Market - The overall market for passenger vehicles in China includes ICE, BEV, and PHEV, with a total production of 2,949,257 units and retail sales of 2,250,157 units in the first ten months of 2025 [4][6][7]. - The market share of new energy vehicles (NEV) has increased significantly, with NEV accounting for 41.0% of the total market in terms of production and 43.2% in retail sales [7][8]. New Energy Market - The new energy vehicle market has shown robust growth, with a production of 1,652,312 units and retail sales of 1,282,267 units in the first ten months of 2025, reflecting a year-on-year increase of 19.5% in production [4][6][9]. - The penetration rate of NEVs in the overall market reached 52.7% in 2025, indicating a strong trend towards electrification [9][11]. Export Market - The export of new energy vehicles has also seen growth, with a total of 1,865,675 units exported in the first ten months of 2025, marking a 70.5% increase compared to the previous year [14][20]. - The share of NEVs in the export market reached 35.8% in 2025, showcasing the increasing global demand for Chinese electric vehicles [14][16]. Manufacturer Performance - BYD remains the leading manufacturer in the new energy vehicle segment, with wholesale sales of 436,856 units in October 2025, despite a year-on-year decline of 12.7% [20][21]. - Other notable manufacturers include Geely and SAIC-GM-Wuling, with significant increases in their respective sales figures, indicating a competitive landscape in the NEV market [20][21]. Segment Analysis - In the first ten months of 2025, the retail sales of NEVs were dominated by SUVs, followed by sedans and MPVs, reflecting consumer preferences in the market [24][25]. - The overall market for fuel vehicles has seen a decline, with a 9.2% decrease in retail sales, contrasting with the growth in the NEV segment [24][25].