Core Insights - In August, the wholesale sales of new energy passenger vehicles in China reached 1.3 million units, representing a year-on-year increase of 24% and a month-on-month increase of 10% [2] - Cumulatively, from January to August, the total wholesale sales reached 8.93 million units, showing a year-on-year growth of 34% [2] - The promotional intensity in the new energy vehicle market remained at a high level of 10.7% in August, which is an increase of 2.5 percentage points compared to the same period last year [2] Market Structure - By July 2025, manufacturers with wholesale sales exceeding 10,000 units will account for 91.7% of the total sales in the new energy vehicle market [2] - The combined sales of leading manufacturers in August amounted to 1.19 million units, indicating that most manufacturers have secured their sales despite some production disruptions due to high temperatures [2] - The estimated wholesale sales of new energy passenger vehicles for August was derived from the previous month's structural proportions and current data [2]