规模不断增长的同时，养车行业分化正在加剧。 8月21日晚间，途虎-W（下称"途虎"）发布2025年中期业绩报告并在线召开电话会。 孙婉秋/摄 今年上半年，途虎实现营业收入78.8亿元，同比增长10.5%，毛利19.8亿元；经调整净利润4.1亿元，同比增长14.6%。截至期末，公司自由现金流为 3.5亿元，较去年同期提升32.2%，拥有的全量现金超过75亿元。 业绩增长离不开门店数和用户数的提升。 随着全国汽车保有量在2024年底飙升至3.53 亿辆，维修保养市场迎来了前所未有的发展契机。相关预测显示，2025年中国汽车后市场规模有望突破7 万亿元，作为其中重要组成部分的维修保养市场，规模增长态势同样显著。F6大数据研究院数据显示，2023年维保行业产值达1.2万亿元，预计到2025 年，汽车维修保养市场规模可能接近甚至突破2万亿元。 规模不断增长的背景下，行业分化正在加剧。 以途虎养车、天猫养车等为代表的大型连锁企业，凭借品牌优势、标准化服务、规模化采购以及强大的供应链体系，在市场竞争中占据有利地位，而 大量小型单体汽修门店却面临着严峻的生存压力。 F6大数据研究院发布的《2024中国汽车后市场维保行业白皮书 ...

Core Insights - The rapid growth of the independent aftermarket for electric vehicles (EVs) is anticipated as over 3.5 million EVs will exit their warranty period by 2025, leading to a surge in demand for components related to the three electric systems (battery, motor, and control system) [1][2] - The current after-sales market for EVs is estimated to reach 300 billion yuan by 2025, but faces challenges such as high repair costs, insufficient authorized service points, and limited capabilities in the maintenance and testing of the three electric systems [1][2][3] Market Dynamics - The number of EVs in China is projected to exceed 50 million by 2025, with the number of vehicles out of warranty increasing from 1.36 million in 2024 to 3.5 million in 2025 [2] - The current workforce in the EV repair sector is less than 100,000, highlighting a significant shortage of skilled technicians, with a gap of over 80% expected in 2025 [2][3] Repair Challenges - Third-party repair shops face significant difficulties in servicing EVs due to the proprietary nature of the technology and lack of standardized parts in the secondary market [2][3] - The absence of a unified assessment standard for the three electric systems results in repair costs being dictated by the manufacturers, complicating the pricing landscape for consumers [4] Regulatory Environment - Recent policy measures aim to enhance the supply channels for EV repair parts and encourage manufacturers to open up technology for better economic viability in battery repairs [5] - The emergence of third-party testing services and platforms is expected to benefit the independent repair market for out-of-warranty EVs [5] Data Sharing and Collaboration - Breaking down "information silos" and achieving data sharing among manufacturers is crucial for the sustainable development of the EV aftermarket [6] - Utilizing big data to assess the remaining lifespan of the three electric systems and the residual value of used vehicles can enhance service offerings and consumer trust [6]