[SMM Hot Topic] Excellent Performance in the Automotive Industry's "Mid-Year Exam"

[SMM Hot Topic] Excellent Performance in the Automotive Industry's "Mid-Year Exam"

From January to June, auto production and sales reached 15.621 million units and 15.653 million units respectively, with YoY growth rates of 12.5% and 11.4%. The production growth rate narrowed by 0.2 percentage points compared to January-May, while the sales growth rate expanded by 0.5 percentage points. In the first half of 2025, auto production and sales both exceeded 15 million units for the first time, achieving a high growth rate of over 10% YoY!

From January to June, NEV production and sales reached 6.968 million units and 6.937 million units respectively, with YoY growth rates of 41.4% and 40.3%. Exports surged by 75.2% YoY, demonstrating the strong resilience and vibrant vitality of China's economy. Riding on the wave of policies such as trade-in, NEV consumer demand continues to rise. In the first half of the year, NEV new car sales accounted for 44.3% of total new car sales, with newly registered NEVs increasing by 27.86% YoY. Comparing with historical data, NEVs' share in total auto sales is growing, indicating that the growth in NEV consumption not only highlights the great potential of domestic demand but also reflects new consumption trends.

In the first half of the year, the domestic auto market significantly improved, driven by the continued effectiveness of the auto trade-in policy, achieving a YoY growth rate of over 10%. NEVs maintained their rapid growth momentum, with an increased market share, driving the accelerated transformation and upgrading of the industry. This news highlights the supporting role of domestic market improvement in the overall growth of the auto market, with NEVs becoming a key driving force for leading the transformation. The association pointed out that the policy effects and new energy trends are reshaping the industry landscape. Looking ahead to the second half of the year, the orderly implementation of the "program of large-scale equipment upgrades and consumer goods trade-ins" policy, combined with the rich supply of new products from enterprises, will boost consumption growth and support the healthy and stable operation of the industry.

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