China's auto exports are expected to exceed 10 million units this year.
Recently, the China Association of Automobile Manufacturers (CAAM) released automobile production and sales data for June and H1 2026. In June, production and sales reached 2.76 million and 2.81 million units, up 5.5% and 6.9% MoM, respectively, while down 1.2% and 3.2% YoY, respectively. In H1 2026, cumulative production and sales totaled 14.993 million and 15.017 million units, down 4% and 4.1% YoY, respectively. Looking to H2, CAAM believes that the program of large-scale equipment upgrades and consumer goods trade-ins will continue to be implemented in an orderly manner, auto aftermarket consumption is expected to usher in new growth opportunities, enterprises' new product supply continues to be enriched, market prices remain relatively stable, and the industry's overall economic performance will further improve.