与新能源轻卡、新能源重卡等市场一路狂奔的连续增长不同，新能源轻客市场在2025年更像 一个成熟市场一样有涨有跌。今年1-10月新能源轻客市场经历了8增2降，累计销量在10月过 后增长18%，净增长接近3.6万辆。 另一方面，作为商用车市场新能源渗透率最高的细分领域，超 60%，甚至超70%的渗透率在 新能源轻客市场已越来越常见，最近的9-11月份，新能源轻客渗透率均超70%。 请看第一商用车网的分析报道。 11月实销2.87万辆，同比增长24%，收获"7连增" 根据第一商用车网掌握的最新数据，2025年11月份，国内新能源轻客市场共计销售2.87万辆 （注：本文轻客指车长4.5米~7米，以4.5~6米的VAN类封闭式厢式物流车为主，数据来源为 交强险实销口径，不含出口，下同），环比今年10月份下降1%，同比增长24%，同比增速较 上月（+18%）扩大6个百分点。2025年1-11月份，新能源轻客市场走出一个降-增-增-降- 增-增-增-增-增-增-增的走势，在5-11月收获一波同比"7连增"。 由最近三年国内新能源轻客终端销量月度走势图可见，2024年3月-12月，新能源轻客销量一 直保持超2万辆高水准，新能 ...

Core Viewpoint - The new energy light commercial vehicle market in China has shown a fluctuating trend in sales, with a cumulative growth of 15% after April 2025, indicating a recovery in the market after a brief downturn earlier in the year [1][5][31]. Sales Performance - In May 2025, the new energy light commercial vehicle market sold 24,100 units, representing a month-on-month increase of 30% and a year-on-year increase of 12% [4][5]. - The sales trend from January to May 2025 has been characterized by a pattern of decline and growth, with the cumulative sales reaching 96,300 units, a year-on-year growth of 14% [9][25]. Regional Insights - In the first five months of 2025, all 31 provincial-level administrative regions in mainland China recorded new energy light commercial vehicle registrations, with Guangdong province leading with nearly 20,000 units, accounting for 19.26% of the national total [11][13]. Market Composition - The market is predominantly composed of pure electric vehicles, which accounted for 99.99% of sales in the first five months of 2025, showing a slight decrease compared to the same period in 2024 [15]. - The top-selling companies in May 2025 included Wuling and Yuan Cheng, each selling over 4,000 units, with market shares of 19.40% and 16.89% respectively [22][20]. Company Performance - The majority of companies in the new energy light commercial vehicle market experienced sales growth in the first five months of 2025, with notable increases from SAIC-GM-Wuling, Guizhou Changjiang, and Jiangling, which saw year-on-year growth rates of 145%, 81%, and 70% respectively [26][29]. - The market share of SAIC-GM-Wuling reached 23.42%, significantly up by 12.48 percentage points compared to the previous year [29]. Future Outlook - The new energy light commercial vehicle market is expected to continue its growth trajectory, with a focus on whether June 2025 will initiate a new round of consecutive increases in sales [31].