Group 1 - China's automobile exports reached 5.616 million units in the first ten months of this year, a year-on-year increase of 15.7%, with export value at 798.39 billion yuan, up 14.3% [2] - New energy vehicles (NEVs) have significantly contributed to this growth, with over 2 million units exported, marking a 90.4% increase year-on-year [2] - In the first nine months, China's automobile exports surpassed Japan's by 1.6 times, with 4.95 million units compared to Japan's 3.06 million units [2] Group 2 - China has become the world's largest automobile exporter, surpassing Japan for two consecutive years, with expectations to maintain this lead through 2025 [3] - In Southeast Asia, Chinese NEVs are gaining market share, with significant sales growth in countries like Thailand, where NEV sales reached 9,107 units in September, a 99% increase [3] - In Europe, Chinese automobile registrations exceeded 430,000 units in the first eight months, a 74% increase, with brands like BYD and Chery gaining traction [4] Group 3 - Chinese brands captured 65% of the retail market share in the domestic market in the first ten months, a 5.5 percentage point increase year-on-year [4] - Japanese automakers are facing challenges due to a 25% tariff on imported vehicles imposed by the U.S. government, leading to significant profit declines among major Japanese car manufacturers [5] - Nissan reported the highest net loss of 221.9 billion yen (approximately 10.17 billion yuan) in the first half of the 2025 fiscal year [5]

本文字数：1602，阅读时长大约3分钟 作者 | 第一财经 黄琳 临近2025年末，中国汽车出口量再度攀上高峰。中国汽车工业协会数据显示，今年前10个月，中国 汽车出口561.6万辆，同比增长15.7%，汽车出口额7983.9亿元，同比增长14.3%。其中，新能源汽车 表现尤为亮眼，今年累计出口超200万辆，同比增长90.4%，创下历年来出口新高。 中汽协副秘书长陈士华表示，汽车出口增速比国内产销增速稍快，汽车出口已经连续3个月超过60万 辆，其中今年前10个月，新能源汽车出口首超200万辆，新能源是拉动当前汽车出口的重要因素，去 年新能源汽车月均出口量约10万辆，今年月均出口量约20万辆，实现翻倍增长。 在新能源汽车驱动下，中国汽车出口量节节攀升。今年1～9月，中国汽车出口量达495万辆，同期， 根据日本汽车工业协会（JAMA）数据， 日本汽车出口量约306万辆。中国汽车出口量是日本的1.6 倍。 在占比最多的乘用车出口量上，今年1～9月，中国汽车乘用车出口量约420.1万辆，日本汽车乘用车 约276万辆，中国的乘用车出口量是日本的1.5倍。 2025.11. 18 今年9月，泰国工业联合会（FTI）数据显 ...

临近2025年末，中国汽车出口量再度攀上高峰。中国汽车工业协会数据显示，今年前10个月，中国汽车 出口561.6万辆，同比增长15.7%，汽车出口额7983.9亿元，同比增长14.3%。其中，新能源汽车表现尤 为亮眼，今年累计出口超200万辆，同比增长90.4%，创下历年来出口新高。 在欧洲区域，中国汽车彰显出强大的冲劲。今年前8个月，中国汽车在欧洲的注册量已经超过43万辆， 同比增长74%。其中，比亚迪的销量超过铃木，奇瑞欧萌达销量超过三菱。 乘联分会分析指出，中国新能源汽车出口向西欧的销量明显提升。今年前9个月，中国新能源汽车出口 总量前三的国家中，比利时排行首位，累计销量约20.27万辆；英国排行第三位，累计销量约13.37万 辆。 在多家中国车企出口规划中，欧洲已被纳入重要版图。目前，比亚迪、奇瑞已在欧洲当地建设汽车工 厂，广汽、吉利、小鹏等车企均在欧洲设立研发中心。根据杰弗瑞集团预测，到2028年，中国品牌预计 将占欧洲汽车产量的6%。 在全球汽车销量最大的中国市场，今年前10个月，中国自主品牌零售市场份额已达65%，较去年同期增 长5.5个百分点。10月，中国自主品牌零售份额68.7%，同比增长3 ...

临近2025年末，中国汽车出口量再度攀上高峰。中国汽车工业协会数据显示，今年前10个月，中国汽车 出口561.6万辆，同比增长15.7%，汽车出口额7983.9亿元，同比增长14.3%。其中，新能源汽车表现尤 为亮眼，今年累计出口超200万辆，同比增长90.4%，创下历年来出口新高。 在欧洲区域，中国汽车彰显出强大的冲劲。今年前8个月，中国汽车在欧洲的注册量已经超过43万辆， 同比增长74%。其中，比亚迪的销量超过铃木，奇瑞欧萌达销量超过三菱。 乘联分会分析指出，中国新能源汽车出口向西欧的销量明显提升。今年前9个月，中国新能源汽车出口 总量前三的国家中，比利时排行首位，累计销量约20.27万辆；英国排行第三位，累计销量约13.37万 辆。 中国汽车出口量已连续2年超过日本。 中汽协副秘书长陈士华表示，汽车出口增速比国内产销增速稍快，汽车出口已经连续3个月超过60万 辆，其中今年前10个月，新能源汽车出口首超200万辆，新能源是拉动当前汽车出口的重要因素，去年 新能源汽车月均出口量约10万辆，今年月均出口量约20万辆，实现翻倍增长。 在新能源汽车驱动下，中国汽车出口量节节攀升。今年1～9月，中国汽车出口量达49 ...

11月17日，中国汽车工业协会发布数据显示，2025年10月，新能源汽车出口25.6万辆，环比增长15.4%， 同比增长99.9%。2025年1—10月，新能源汽车出口201.4万辆，同比增长90.4%。 具体来看，2025年10月，汽车出口66.6万辆，环比增长2.1%，同比增长22.9%。2025年1—10月，汽车出 口561.6万辆，同比增长15.7%。 乘用车方面，2025年10月，乘用车出口57.1万辆，环比增长2.1%，同比增长22.8%。2025年1—10月，乘 用车出口477.3万辆，同比增长16.4%。 商用车方面，2025年10月，商用车出口9.4万辆，环比增长1.8%，同比增长23.5%。2025年1—10月，商用 车出口84.3万辆，同比增长11.6%。其中，10月份新能源商用车出口6000辆，环比增长20.6%，同比增长 26.7%，增速表现亮眼。 ...

2025年10月，商用车出口9.4万辆，环比增长1.8%，同比增长23.5%。1-10月，商用车出口84.3万辆，同比增长11.6%。 2025年10月，乘用车出口57.1万辆，环比增长2.1%，同比增长22.8%。1-10月，乘用车出口477.3万辆，同比增长16.4%。 2025年10月，新能源汽车出口25.6万辆，环比增长15.4%，同比增长99.9%。1-10月，新能源汽车出口201.4万辆，同比增长 90.4%。 新能源汽车月度出口量、增速 (%) 160 (万辆) 30 140 25 120 20 100 15 80 60 10 40 5 20 0 0 12月 1月 2月 3月 5月 7月 9月 11月 4月 6月 10月 8月 ==增长率 ■2024年出口量 ■ 2025年出口量 l 据中国汽车工业协会分析，10月，汽车出口连续三个月维持在60万辆以上，乘用车出口同比增速连续五个月保持20%以 上，商用车出口环比同比双增。2025年10月，汽车出口66.6万辆，环比增长2.1%，同比增长22.9%。1-10月，汽车出口561.6 万辆，同比增长15.7%。 2025年10月，传统燃料汽车出口40 ...

Core Insights - The automotive export market in China has shown strong growth, with passenger car exports maintaining a year-on-year growth rate of over 20% for five consecutive months [1] - In October 2025, total automotive exports reached 666,000 units, reflecting a month-on-month increase of 2.1% and a year-on-year increase of 22.9% [4] - The export of new energy vehicles (NEVs) has surged, with a year-on-year growth of 90.4% in the first ten months of 2025 [10] Passenger Car Exports - In October 2025, passenger car exports totaled 571,000 units, with a month-on-month increase of 2.1% and a year-on-year increase of 22.8% [2] - From January to October 2025, passenger car exports reached 4.773 million units, marking a year-on-year growth of 16.4% [3] Commercial Vehicle Exports - In October 2025, commercial vehicle exports amounted to 94,000 units, showing a month-on-month increase of 1.8% and a year-on-year increase of 23.5% [8] - For the first ten months of 2025, commercial vehicle exports totaled 843,000 units, reflecting a year-on-year growth of 11.6% [6] Traditional Fuel Vehicle Exports - In the first ten months of 2025, traditional fuel vehicle exports were 3.601 million units, which represents a year-on-year decline of 5.1% [7] - In October 2025, traditional fuel vehicle exports were 409,000 units, with a month-on-month decrease of 4.8% and a year-on-year decrease of 0.9% [9] New Energy Vehicle Exports - In October 2025, new energy vehicle exports reached 256,000 units, with a month-on-month increase of 15.4% and a year-on-year increase of 99.9% [12] - From January to October 2025, new energy vehicle exports totaled 2.014 million units, indicating a significant year-on-year growth of 90.4% [10]

特斯拉中国 上海工厂是全球核心出口枢纽 特斯拉在华出口业务依托上海超级工厂展开，该工厂不只是特斯拉重要的全球生产基地，更是其核心出口枢纽。 特斯拉上海工厂出口占比相对稳定，且处于较高水平。数据显示，2024年特斯拉中国出口约26万辆，占上海工厂产量近3 成。最新数据显示，2025年10月，特斯拉上海工厂出口超3.5万辆，创2年来单月最高出口纪录，特斯拉Model Y车型出口量同 比大幅增长214％。 福特中国 通过出口实现扭亏为盈 今年2月，福特汽车发布一项重要人事任命调整：现任福特汽车公司副总裁、福特中国总裁兼首席执行官吴胜波将在现有职 责范围基础上，兼管福特汽车国际市场集团（IMG）业务。 值得注意的是，12月1日起，现任通用汽车中国总裁何思文将担任新设的全球出口与零售创新高级副总裁，有望继续利用"中 国制造"的优势开拓全球出口市场。在何思文主导在华业务重组后，通用汽车中国连续4个季度盈利，出口业务是其扭亏为盈 的一大"功臣"。尤其是五菱换标雪佛兰出口，依托五菱在中国打造的成熟低成本制造体系，再加上雪佛兰遍布全球的品牌影 响力与市场基础，在新兴市场快速实现突破。 北京现代 2030 年出口剑指 20 万辆 ...

Summary of the Automotive Industry Conference Call Industry Overview - The automotive industry in China is projected to experience a decline in retail sales by 1% in 2026, with sales expected to drop from 24.54 million units in 2025 to 24.31 million units due to overconsumption in 2025 and reduced vehicle purchase tax incentives [1][2][3] - Market demand is anticipated to shift towards mid to low-priced models, particularly in the 50,000 to 100,000 yuan price range, which is expected to grow by 4% [1][2][3] Key Policy Changes - Significant policy changes are expected in 2026, particularly regarding the scrappage and trade-in subsidies, with 21 cities suspending trade-in subsidies and 16 provinces halting scrappage subsidies [2][4] - Recommendations include maintaining the trade-in and scrappage policies but controlling the subsidy budget between 140 billion to 150 billion yuan, while keeping the vehicle purchase tax reduction at 5% to stabilize the market [5][6] Market Dynamics - The automotive sales structure is expected to adjust, with a longer pre-festival sales period due to the late Spring Festival, typically resulting in 40% higher sales compared to post-festival [3] - The export of Chinese automobiles continues to grow, with passenger car exports accounting for 20% of total exports, despite a decline in the Russian market [3][14] Price Segment Performance - In 2025, the 50,000 to 100,000 yuan and 100,000 to 150,000 yuan price segments performed well, with the former growing from 16% to 20% [6][7] - The market for vehicles priced below 400,000 yuan is experiencing a downward trend, with the segment below 400,000 yuan declining by 3 percentage points [7][8] New Energy Vehicles (NEVs) - NEVs are becoming increasingly competitive in the 100,000 to 150,000 yuan market, with penetration rates rising [9][20] - The high-end electric vehicle segment faces challenges due to new energy consumption standards and tax pressures, while high-end fuel vehicles are seeing significant declines in sales [9][10] Regional Sales Trends - Northern and central-western regions are experiencing faster sales growth, with the northeastern region achieving a 15% growth rate [11][12] - Automotive manufacturers are focusing on lower-tier cities for expansion, as first-tier cities show slower growth [12] Export and International Strategy - Chinese automotive exports are expected to continue growing, with a projected increase of 30-40% in NEV exports [20][21] - Companies are adopting diverse strategies for overseas markets, including establishing CKD factories to mitigate trade barriers [15] Competitive Landscape - The competitive landscape is shifting, with leading private enterprises like BYD gaining strength, while traditional state-owned enterprises are expected to play a significant role in mergers and acquisitions [17][18] - New entrants and established brands are expected to intensify competition, particularly in the NEV sector, with companies like Xiaomi and Huawei increasing their market presence [24][25] Future Outlook - The automotive industry is expected to face challenges from policy changes, market dynamics, and competitive pressures, but opportunities for growth remain, particularly in the NEV segment and lower-tier markets [22][23]

Core Insights - In October, China's passenger car retail sales reached approximately 2.242 million units, showing a year-on-year decline of 0.8% and a month-on-month decline of 0.1% [1] - The cumulative retail sales for the year reached about 19.25 million units, reflecting a year-on-year growth of 7.9% [1] Group 1: Market Performance - The October car market performance was relatively mild, not reaching the previously expected "hot" scenario, primarily driven by the replacement purchase group [1] - The tightening of "old-for-new" subsidy policies in some regions led to differentiated sales growth across areas, preventing a sustained increase in October sales [1] Group 2: Brand Performance - In October, domestic brands achieved retail sales of approximately 1.55 million units, a year-on-year increase of 4%, capturing a domestic retail market share of 68.7%, up 3 percentage points year-on-year [2] - The cumulative market share of domestic brands for the first ten months of the year was 65%, an increase of 5.5 percentage points compared to the same period last year [2] - Major domestic groups like SAIC, Dongfeng, Changan, Chery, and BAIC saw a combined year-on-year sales growth of 17% in October [2] Group 3: Export Growth - In October, China's automobile exports reached 828,000 units, marking a year-on-year increase of 42%, with total exports for the first ten months reaching approximately 6.51 million units, up 23% year-on-year [2] - Specific companies like BYD, Chery, and Geely reported significant export figures, with BYD exporting about 80,000 units in October [3] Group 4: New Energy Vehicles (NEVs) - NEVs remain a crucial growth driver, with wholesale sales of NEVs in October reaching approximately 1.621 million units, a year-on-year increase of 18.5% [4] - The penetration rate of NEVs reached 55.3% in October, with domestic brand NEVs achieving a penetration rate of 70.1% [4] Group 5: Future Outlook - Starting January 1, 2024, the purchase tax for NEVs will shift from full exemption to a 50% reduction, prompting consumers to feel a stronger urgency to purchase vehicles by year-end [5] - The upcoming months are expected to see increased enthusiasm for vehicle purchases in rural areas, particularly for NEVs and mid-to-low-end fuel vehicles [6]