Core Insights - China's automotive exports are entering a new era, with Mexico, UAE, and Russia being the top three destinations for exports in the first half of 2025 [2][3] Export Market Overview - In the first half of 2025, Mexico emerged as the largest overseas market for Chinese cars, with a year-on-year growth of 30.7%, driven by brands like MG, Chery, and Xpeng that cater to local demands [3] - The UAE market saw a remarkable year-on-year growth of 58.5%, attributed to customized models that meet local preferences for spacious and luxurious vehicles [3] - Despite a decline in sales, Russia remains a key market, facing challenges such as increased import taxes and rising loan rates, which have slowed consumer purchasing [4] Performance in Other Markets - Brazil's automotive market showed stable growth, with Chery's local production leading to a 12% increase in exports [5] - Belgium, as a logistics hub, facilitated a 22% increase in exports, reaching 152,000 units, particularly for electric vehicles [5] - In Saudi Arabia, exports reached 119,500 units, growing by 24.9%, driven by the country's automotive consumption upgrade and collaboration with the government [5] Growth Drivers - In the first half of 2025, China's total automotive exports reached 3.083 million units, a 10.4% increase, with export value at $59.67 billion, up 8.2% [6] - Over 30% of exports were electric vehicles, with over 50% in markets like Mexico and Belgium, reflecting advancements in technology and product offerings [6][8] - Localization strategies have been crucial, with adaptations made to meet specific market needs, such as enhancing off-road capabilities for Mexican consumers [6][7] Industry Transformation - The average export price of Chinese cars approached $18,000, a 45% increase since 2020, indicating a shift from low-cost competition to a focus on technological premium [8] - Brand recognition is improving, with Chinese brands gaining acceptance in international markets, transforming the perception of Chinese vehicles from low-end to high-quality [8][9] - The global automotive industry is undergoing a transformation, with Chinese automotive companies leveraging export opportunities to build core advantages and reshape the competitive landscape [9]

Overall Automotive Production and Sales - In July, automotive production and sales reached 2.591 million and 2.593 million units, respectively, with month-on-month declines of 7.3% and 10.7%, but year-on-year increases of 13.3% and 14.7% [7] - From January to July, automotive production and sales totaled 18.235 million and 18.269 million units, showing year-on-year growth of 12.7% and 12% [7] Domestic Sales Performance - In July, domestic automotive sales were 2.018 million units, down 12.7% month-on-month but up 12.6% year-on-year [14] - For the first seven months, domestic automotive sales reached 14.588 million units, reflecting a year-on-year increase of 11.8% [14] Export Performance - In July, automotive exports were 575,000 units, a month-on-month decrease of 2.8% but a year-on-year increase of 22.6% [15] - From January to July, automotive exports totaled 3.68 million units, marking a year-on-year growth of 12.8% [15] Passenger Vehicle Market - In July, passenger vehicle production and sales were 2.293 million and 2.287 million units, respectively, with month-on-month declines of 6% and 9.8%, but year-on-year increases of 13.3% and 14.7% [30] - From January to July, passenger vehicle production and sales reached 15.838 million and 15.841 million units, with year-on-year growth of 13.8% and 13.4% [30] New Energy Vehicle (NEV) Market - In July, NEV production and sales were 1.243 million and 1.262 million units, respectively, with year-on-year growth of 26.3% and 27.4% [70] - From January to July, NEV production and sales totaled 8.232 million and 8.22 million units, reflecting year-on-year increases of 39.2% and 38.5% [70] Key Enterprises Performance - In the first seven months, the top fifteen automotive groups sold a total of 16.852 million units, a year-on-year increase of 10.5%, accounting for 92.2% of total automotive sales [92] - The top fifteen NEV groups sold 7.82 million units, a year-on-year increase of 41.1%, representing 95.1% of total NEV sales [93]

Group 1 - The core viewpoint is that new energy vehicles are the main driving force behind the growth of automobile exports in China [1] Group 2 - In July, traditional fuel vehicle exports reached 350,000 units, showing a month-on-month decline of 9.6% and a year-on-year decline of 4.3% [1] - In contrast, new energy vehicle exports totaled 225,000 units in July, reflecting a month-on-month increase of 10% and a year-on-year growth of 120% [1]

Core Insights - In the first half of 2025, China's automobile exports to Iraq increased by 71.4%, reaching 18,000 units compared to 10,500 units in the same period of 2024 [1] Summary by Category Export Performance - China's automobile exports to Iraq amounted to $244 million, with an average price of $13,300 per vehicle [1] - Japan exported approximately 12,000 vehicles worth $400 million, with an average price of $34,500 [1] - South Korea's exports totaled 9,500 vehicles valued at $252 million, with an average price of $26,500 [1] Market Share and Composition - The share of vehicles exported by the three countries with engine displacement between 1500-3000CC accounted for 34% of total exports, while those above 3000CC represented 30%, and below 1500CC accounted for 20% [1] - Hybrid vehicles have seen growth, making up 10% of Iraq's total automobile imports [1]

Core Insights - The passenger car market in July 2025 saw record highs in retail, exports, wholesale, and production, with new energy vehicle (NEV) exports reaching an all-time monthly high [1] - Domestic retail of passenger cars from January to July 2025 achieved a cumulative growth of 10.1%, with July's retail growth at 6.3%, indicating a "low-high-flat" trend for the year [1][2] - The price war in the market has moderated, with various hidden incentives emerging, while NEV promotions remained stable at 10.2% in July [1][4] Retail Performance - In July, the national retail of passenger cars reached 1.826 million units, a year-on-year increase of 6.3% but a month-on-month decrease of 12.4% [2][9] - Cumulative retail from January to July 2025 was 12.728 million units, reflecting a 10.1% year-on-year growth [2][9] - The retail penetration rate of NEVs in July rose to 54.0%, supported by policies like tax exemptions for NEVs [2][15] Production and Wholesale - In July, the production of passenger cars was 2.229 million units, a year-on-year increase of 12.1% [7][9] - The wholesale of passenger cars reached 2.221 million units in July, marking a historical high for the month, with a year-on-year growth of 13.0% [9] - NEV production in July was 1.147 million units, up 22.3% year-on-year, while NEV wholesale reached 1.181 million units, a 24.4% increase [10][12] Export Trends - In July, total automobile exports reached 694,000 units, with an export value of $11.837 billion [7] - NEV exports accounted for 44.7% of total exports, with a year-on-year increase of 19 percentage points [7][16] - The export of NEVs in July was 213,000 units, a significant year-on-year growth of 120.4% [16] Market Dynamics - The overall inventory of passenger cars decreased by 90,000 units in July, indicating a proactive inventory reduction by manufacturers [10] - The market for traditional fuel vehicles saw a decline in exports, while NEV exports grew significantly, highlighting a shift in market dynamics [2][7] - The competitive landscape is evolving, with traditional automakers like Geely, Chery, and Great Wall Motors showing improved market shares in the NEV segment [5][18] Brand Performance - In July, domestic brands sold 1.21 million units, achieving a market share of 65.9%, a year-on-year increase of 4 percentage points [5] - The retail share of luxury vehicles decreased to 9.3%, with a year-on-year decline of 3 percentage points [5] - New energy vehicle sales from new entrants accounted for 21.4% of the market, reflecting a growing presence of new players [20]

乘联会方面表示，今年上半年在国家和地方政府鼓励汽车消费、提振经济的多重利好政策加持下，车市 走出了一条"复苏增长、结构调整、利润承压"的鲜明轨迹。1—6月，乘用车累计零售总量及新能源乘用 车累计零售分别取得了10.8%和33.3%的增长。据此，乘联会预测团队在7月中旬根据国内与出口市场超 预期的表现和未来4个月的滚动预测，稍微上调了2025年的行业年度预测。 预期上调，与国家和地方政府鼓励汽车消费、提振经济的多重利好政策息息相关，同时也与综合整 治"内卷"推动市场秩序回归理性有关。 "2025年，乘用车行业促销与降级均回归理性，市场秩序明显改善。"乘联会秘书长崔东树如是说。 政策利好与市场秩序改善的双重驱动下，2025年车市复苏动能持续增强。近日，中国汽车流通协会乘用 车市场信息联席分会（下称"乘联会"）宣布上调2025年汽车行业年度预测：乘用车零售增长6%、出口 增长14%、新能源批发增长27%。 这一调整背后，是上半年车市在政策红利与行业逐渐自律的双重加持下呈现的积极转向。以旧换新等消 费提振政策持续发力，叠加"反内卷"行动深化推进，使得无序降价竞争乱象显著降温，6月汽车行业利 润率已回升至6.9%高位。 ...

日产中国与东风集团股份新设合资出口公司，并不令人意外。近几年，双方的合资公司东风日产在华销量已持续下滑，增加出口销量是当务之急。东风集团 股份发布的数据显示，2021年至2024年，东风日产累计销量分别为106.71万辆、91.73万辆、72.31万辆、63.12万辆，同比分别下滑11.04%、14.04%、 21.53%、12.7%。今年1至6月，东风日产累计销量25.28万辆，同比下滑23.5%。 东风日产在国内拥有一百多万的年产能，销量低迷已造成产能空置。根据东风日产官网信息，该公司目前在广州、襄阳、郑州、大连、武汉均有产能布局， 整车年产能约148万辆。按照2024年年产量（63.28万辆）计算，东风日产目前的产能利用率只有43%左右。 为此，东风日产从去年开始通过关闭工厂、转让产能等方式实施降本增效。2024年，东风日产关闭了位于江苏常州的年产能约12万辆整车工厂。今年7月， 岚图汽车收购了原本由东风日产使用的东风集团股份旗下一个年产15万辆整车工厂。 另外，日产汽车在2024年3月发布"The Arc日产电弧计划"时就曾明确指出，2025年开始在中国市场整车出口，第一阶段实现出口10万辆的目标。 ...

Group 1 - In June 2025, the export of complete vehicles reached 619,000 units, a month-on-month decrease of 10.9% but a year-on-year increase of 27.7% [1] - The export value in June 2025 amounted to 10.75 billion USD, reflecting a month-on-month decline of 10.3% and a year-on-year growth of 23% [1] - From January to June 2025, the total export of complete vehicles was 3.473 million units, representing a year-on-year increase of 18.6% [1] Group 2 - The total export value from January to June 2025 reached 59.67 billion USD, which is an 8.2% year-on-year increase [1]

智通财经APP获悉，乘联分会预测团队在7月中旬时根据国内与出口市场超预期的表现和未来4个月的滚动预测，稍微上调了2025年的行业年度预测。 总体各项预测如下：2025年乘用车零售2,435万辆，增长6%，预测总量较6月的预测值增加30万辆。2025年乘用车出口546万辆，增长14%，预测总量较 年初的预测值提升16万辆。2025年新能源乘用车批发1,548万辆，增长27%，预测总量较6月的预测值微降，新能源批发渗透率达56%。2025年汽车批发 3,404万辆，增长8%，预测总量较年初的预测值提高5个百分点。 根据国家统计局发布的数据，2025年上半年我国GDP增长达5.3%，上半年我们的经济增长实现了良好开局，经济保持了稳健的发展态势，为车市注入 了稳定预期。 今年上半年在国家和地方政府鼓励汽车消费、提振经济的多重利好政策加持下，车市走出了一条"复苏增长、结构调整、利润承压"的鲜明轨迹。乘用 车1-6月累计零售总量及新能源乘用车累计零售分别取得了10.8%和33.3%的增长。 2024年中国汽车产业的产值规模已经超越国内其他行业，成为国民经济的第一支柱产业，所以稳定发展汽车产业是经济增长的第一稳定器。 展望 ...

Core Viewpoint - The article discusses the significant challenges faced by Chinese automotive brands in the Russian market, highlighting recent regulatory changes and declining market share as key factors impacting their operations [5][9]. Regulatory Changes - On July 30, 2023, Russia's Federal Technical Regulation and Metrology Agency announced a ban on several Chinese truck brands, citing safety concerns such as inadequate braking performance and noise levels [6][13]. - A new vehicle scrappage tax regulation effective from August 1, 2025, imposes additional taxes based on the price difference between domestic sales and overseas procurement, further complicating the cost structure for Chinese manufacturers [6][14]. - The Russian automotive certification system has undergone a comprehensive reform, requiring all imported vehicles to pass mandatory testing in local laboratories, which increases compliance costs and delays [6][15]. Market Performance - In June 2023, Chinese automotive exports to Russia fell by 75%, and the overall export performance in the first half of the year declined by 62%, leading to a drop in market share from over 60% to 45.3% [8][16]. - The market share of Chinese brands in the Russian truck market was reported at 27.6% in the first half of 2025, but the recent bans have severely impacted sales [13][19]. Historical Context - Chinese automotive brands rapidly filled the market gap left by Western manufacturers after sanctions were imposed, achieving a market share of over 60% within two years [11][21]. - The number of Chinese automotive dealerships in Russia increased significantly, from around 40 to over 600, indicating a strong initial market presence [11]. Challenges and Risks - The increasing scrappage tax and stringent certification requirements have eroded the price competitiveness of Chinese vehicles in Russia, leading to a potential exit of many small and medium-sized manufacturers from the market [15][20]. - Reports indicate that the quality of Chinese vehicles has been criticized for not meeting local climate and usage conditions, which has affected consumer perception and sales [21][22]. Strategic Recommendations - To mitigate risks, Chinese automotive companies are advised to diversify their export markets beyond Russia, focusing on emerging markets in Southeast Asia, the Middle East, Africa, and Latin America [22]. - Long-term strategies should include enhancing technological research and development, improving supply chain resilience, and transitioning from "Made in China" to "Globally Intelligent Manufacturing" to build sustainable competitive advantages [22].