数据来源：国家统计局，智研咨询整理 上市公司：比亚迪（002594），中集车辆（301039），东风汽车（600006），宇通客车（600066），上 汽集团（600104），长安汽车（000625），一汽解放（000800），安凯客车（000868），中国重汽 （000951），中通客车（000957），赛力斯（601127），广汽集团（601238），长城汽车（601633）， 力帆科技（601777） 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 相关报告：智研咨询发布的《2025-2031年中国汽车制造业市场全景调查及投资前景分析报告》 根据国家统计局数据可知：2025年5月全国汽车制造业出口货值为890.5亿元，同比增长4.1%；2025年1- 5月全国汽车制造业累计出口货值为4032亿元，累计同比增长3.9%。 2019年-2025年1-5月全国汽车制造业出口货值统计图 ...

Core Viewpoint - The profitability of Chinese automotive companies is increasingly driven by high-end product strategies and export growth, with significant financial results reported in the first half of 2025, highlighting a clear industry divide and emerging winners in the market [4][9]. Group 1: High-End Strategy and Performance - High-end strategies have become a core driver of performance growth for several automotive companies, significantly contributing to revenue, profit, and brand premium [4]. - Geely's high-end transformation has led to impressive performance, with total revenue reaching ¥150.28 billion, a year-on-year increase of 27%, and a net profit of ¥9.29 billion, up 102% [5]. - The high-end models from Geely, such as Zeekr and Lynk, have seen substantial sales, with Zeekr 007 GT achieving a monthly sales record of over 8,000 units, boosting the overall gross margin to 18% [5]. Group 2: Export Growth and Localization - Export growth has been a key factor in enhancing automotive performance, with a total of 3.083 million vehicles exported in the first half of 2025, a year-on-year increase of 10.4% [7]. - BYD's revenue surged to ¥371.28 billion, with net profit reaching ¥15.51 billion, driven by overseas sales of 552,400 new energy vehicles, accounting for 21.63% of total sales [7]. - Chery led the export market with 546,000 units, solidifying its position globally, while SAIC Motor's MG brand performed well in Western Europe [8]. Group 3: New Forces and Profitability - New energy vehicle startups are showing signs of profitability, with companies like Leap Motor achieving a net profit of ¥33.03 million for the first half of 2025, marking their first half-year profit [9]. - Xiaopeng Motors reported a revenue of ¥34.09 billion, a year-on-year increase of 132.5%, with vehicle deliveries reaching 197,200 units, a 279% increase [10]. - NIO, despite a net loss of ¥4.99 billion in the second quarter, anticipates a significant increase in vehicle deliveries and revenue in the upcoming quarters [10]. Group 4: Challenges for Joint Ventures - The profitability and sales contributions of joint venture brands are declining, with GAC Group reporting a net loss of ¥2.54 billion in the first half of 2025, a significant drop from the previous year's profit [11]. - Dongfeng Motor's net profit fell by 90% to between ¥30 million and ¥70 million, primarily due to declining sales and profits from non-luxury joint venture brands [11]. - FAW Group faces challenges as its joint venture brands struggle to keep pace with market demands, leading to increased reliance on fuel vehicle sales and reduced profit margins [11]. Group 5: Commercial Vehicle Sector Performance - The commercial vehicle sector is benefiting from electric transformation and export growth, with new energy heavy truck sales reaching 75,200 units, a year-on-year increase of 195.16% [12]. - Foton Motors reported overseas sales of 78,500 units, with a net profit of approximately ¥777 million, reflecting an 87.5% increase [12]. - Zhongtong Bus achieved a revenue growth of 43.02% and a net profit increase of 71.61%, driven by overseas sales and product innovation [13].

Core Viewpoint - By 2025, China's automobile exports are expected to shift from "scale expansion" to "value empowerment," with a projected total vehicle export reaching 7 million units and commercial vehicle exports exceeding 1 million units, despite a slowdown in growth [1]. Group 1 - In the first half of 2023, China's total vehicle exports (excluding low-value electric vehicles) reached 3.3368 million units, representing an 18% year-on-year increase [1]. - Passenger vehicles remain the main export category, with Asia being the largest market for vehicle exports, followed by Europe [1]. - The structural upgrade of new energy vehicles and market diversification are expected to support the continuous enhancement of global competitiveness [1]. Group 2 - The long-standing cost control capability, derived from a complete industrial system and economies of scale, is a crucial foundation for China's automotive industry to participate in international competition [2].

新京报贝壳财经讯（记者王琳琳）9月4日，新京报贝壳财经记者从天眼查获悉，日产进出口（广州）有 限公司近日成立，法定代表人为市川敦，注册资本10亿元，经营范围包括货物进出口，技术进出口，国 内贸易代理等。该公司由日产（中国）投资有限公司（简称"日产中国"）、东风汽车集团股份有限公司 （简称"东风集团福分"）分别持股60%、40%。 今年6月25日，东风集团股份发布公告称与日产中国订立合资合同，双方同意成立合资公司，共同从事 汽车出口业，东风集团股份和日产中国将向合资公司的注册资本分别出资4亿元和6亿元。8月29日，市 场监管总局发布2025年8月18日-8月24日无条件批准经营者集中案件列表，其中包括日产（中国）投资 有限公司与东风汽车集团股份有限公司新设合营企业案等。 此外，日产汽车也在"The Arc日产电弧计划"中提出今年开始在中国市场进行整车出口，第一阶段实现 出口10万辆的目标。马智欣曾表示日产汽车在中国研发、设计、生产的车型，都会考虑不只在中国销 售，也要实现出口。 编辑 陈莉 校对 柳宝庆 从合资公司股权比例来看，日产占比主导地位，业内认为此举能让日产在出口方面占据主导权。实际 上，日产中国与东风 ...

Core Insights - In July 2025, the export of complete automobiles reached 694,000 units, representing a month-on-month increase of 12.1% and a year-on-year increase of 25.6% [1] - The export value for July 2025 amounted to $11.84 billion, with a month-on-month growth of 10.1% and a year-on-year growth of 18.5% [1] - From January to July 2025, the total export of complete automobiles was 4.166 million units, showing a year-on-year increase of 19.6% [1] - The total export value during the same period reached $71.5 billion, reflecting a year-on-year increase of 9.7% [1]

Core Viewpoint - The automotive industry in China is experiencing significant growth in vehicle exports, both in terms of volume and monetary value, indicating a robust demand in international markets [1][2]. Group 1: Export Volume - In July 2025, the export of complete vehicles reached 694,000 units, representing a month-on-month increase of 12.1% and a year-on-year increase of 25.6% [1]. - From January to July 2025, the total export volume of complete vehicles was 4.166 million units, showing a year-on-year growth of 19.6% [1]. Group 2: Export Value - The export value of complete vehicles in July 2025 amounted to $11.84 billion, with a month-on-month increase of 10.1% and a year-on-year increase of 18.5% [1]. - For the period from January to July 2025, the total export value reached $71.5 billion, reflecting a year-on-year growth of 9.7% [1].

上汽集团公告，2025年8月整车产量37.69万辆，同比增44.05%；销量36.34万辆，同比增41.04%。其中 新能源汽车产量14.05万辆，同比增60.08%，销量12.98万辆，同比增49.89%；出口及海外基地当月产量 89574辆，同比增13.51%，销量88289辆，同比增10.48%。今年累计整车产量283.46万辆，同比增 22.58%；累计销量275.35万辆，同比增17.87%。 ...

Core Insights - The article highlights the significant growth in China's electric passenger vehicle exports, with a notable increase in both export volume and value in July 2025, driven by advancements in battery technology and manufacturing processes [1][5][3] Export Performance - In the first seven months of 2025, China's total import and export value of electric passenger vehicles reached $36.583 billion, marking a 19% increase year-on-year [5] - Cumulative export value for the same period was $34.562 billion, reflecting a year-on-year growth of 25.79%, with export volume reaching 1.897 million units, up 48.58% [5] - July alone saw an export total of $5.872 billion, a 48.87% increase year-on-year and a 15.27% increase month-on-month, with a volume of 325,000 units, up 69.40% year-on-year [5][3] Price Trends - The average export price of electric passenger vehicles in July was $18,065.58, down 12.13% year-on-year, indicating a continuing downward trend in prices [5][7] - Specific price declines were noted in various vehicle types, with plug-in hybrid vehicles experiencing the largest drop [7] Market Segmentation - The passenger vehicle segment remains the core of electric vehicle exports, accounting for 99.58% of export volume and 95.52% of export value in July [7] - The bus segment showed a contrasting trend with a significant year-on-year increase in export volume (106.12%) but a month-on-month decline [9] Regional Export Dynamics - Shanghai regained its position as the top exporter of electric passenger vehicles, with a cumulative export value of $7.264 billion, despite a year-on-year decline [10][12] - Jiangsu and Shaanxi followed, with Jiangsu showing a remarkable year-on-year growth of 124.50% [10] Global Market Penetration - China's electric passenger vehicles are now exported to 166 countries and regions, with significant growth in emerging markets, particularly in Africa and South America [22][24] - The top export destinations included Belgium, the UK, and the UAE, with notable growth in exports to Argentina and Vietnam [17][19] Corporate Expansion - Chinese companies are actively expanding overseas, with BYD launching a passenger car factory in Brazil and Changan planning a factory in Europe [23][24] - The establishment of new logistics channels, such as the shipping route from Ningbo to Egypt, enhances export capabilities [23]

Core Insights - The delivery of the 10,000th Leapmotor B01 marks a significant milestone for the company, indicating strong production and delivery capabilities [1] - The Leapmotor B10, launched in April 2025, has achieved over 50,000 deliveries within four months, showcasing rapid market acceptance and growth [3] - Leapmotor has established itself as a leader in the domestic new energy vehicle market, ranking first in sales among new force brands for five consecutive months [3] Group 1 - The Leapmotor B10 features two CLTC range versions (510km and 600km) and is priced between 99,800 yuan and 129,800 yuan [3] - The vehicle is equipped with advanced technology, including the Qualcomm 8295 chip and Leapmotor OS 4.0 Plus interactive system, enhancing its smart cockpit capabilities [3] - Leapmotor's cumulative export sales reached 24,980 units from January to July 2025, leading among Chinese new force brands in export volume [3] Group 2 - In July 2025, Leapmotor achieved a monthly sales record of over 50,000 units for the first time [3] - As of August 21, 2025, Leapmotor's total delivery volume exceeded 900,000 units, reflecting strong demand and operational efficiency [3] - The company reported a turnaround to profitability in the first half of 2025, becoming the second new force brand in China to achieve this milestone [3]

Core Viewpoint - The Chinese automotive market has shown significant growth in the first seven months of 2023, with production and sales increasing by 12% and 12.7% year-on-year, respectively, despite a seasonal decline in July [1][3]. Production and Sales Data - From January to July, the total automotive production reached 18.235 million units, while sales reached 18.269 million units, marking a year-on-year increase of 12.7% and 12% [1]. - In July alone, production and sales were 2.591 million and 2.593 million units, respectively, reflecting a month-on-month decline of 7.3% and 10.7%, but a year-on-year increase of 13.3% and 14.7% [1][3]. Market Dynamics - The decline in July's production and sales is attributed to the traditional off-season and scheduled equipment maintenance by manufacturers, leading to a seasonal slowdown [3]. - The "old-for-new" vehicle policy continues to show positive effects, and the introduction of new models by companies has contributed to stable market operations [3]. Passenger Vehicle Market - In July, the production and sales of passenger vehicles reached 2.293 million and 2.287 million units, with year-on-year growth of 13% and 14.7% [4]. - Chinese brand passenger vehicles accounted for 70.1% of total passenger vehicle sales in July, with a year-on-year increase of 3.8 percentage points [4]. - From January to July, the sales of Chinese brand passenger vehicles reached 10.873 million units, a year-on-year increase of 24.4%, with a market share of 68.6% [5]. Commercial Vehicle Market - In July, commercial vehicle production and sales were 298,000 and 306,000 units, respectively, showing a month-on-month decline but maintaining double-digit year-on-year growth [6]. - From January to July, commercial vehicle production and sales totaled 2.397 million and 2.428 million units, with year-on-year increases of 6% and 3.9% [6]. New Energy Vehicles (NEVs) - NEVs continued to show rapid growth, with July production and sales reaching 1.243 million and 1.262 million units, respectively, marking year-on-year increases of 26.3% and 27.4% [7]. - NEVs accounted for 48.7% of total new vehicle sales in July, with domestic sales surpassing 50% for the first time since December [7]. - From January to July, NEV production and sales reached 8.232 million and 8.22 million units, with year-on-year growth of 39.2% and 38.5% [7]. Export Performance - NEVs have become a major driver of export growth, with total automotive exports reaching 3.68 million units from January to July, a year-on-year increase of 12.8% [8]. - Traditional fuel vehicle exports decreased by 7%, while NEV exports surged by 84.6% [8]. - BYD's export growth was particularly notable, with a 130% increase, reaching 553,000 units [8].