According to an analysis by the China Association of Automobile Manufacturers (CAAM), continuous upgrades to automobile consumption subsidies across multiple regions and active promotional campaigns by vehicle manufacturers drove month‑on‑month growth in China’s automobile production and sales in August, while year‑on‑year results edged lower. The domestic market remained under pressure, with year‑on‑year monthly sales declines exceeding 20% for five consecutive months. Exports maintained robust growth, topping one million units for three straight months and serving as a key growth driver stabilizing the overall industry. The dominant position of new energy vehicles (NEVs) continued to strengthen, with their share of monthly sales hitting a new record high.
CAAM data shows domestic automobile sales reached 1.701 million units in August, climbing 10.4% month‑on‑month and falling 24.2% year‑on‑year. Among the total, sales of conventional fuel vehicles in the domestic market stood at 584,000 units, rising 9.4% month‑on‑month and dropping 45.7% year‑on‑year.
China’s NEV sector has further cemented its leading status and become a critical pillar underpinning the industry. Statistics reflect a fresh record for NEVs’ share of monthly vehicle sales. In August, NEV output reached 1.653 million units and sales hit 1.643 million units, representing year‑on‑year increases of 18.9% and 17.8% respectively. NEVs accounted for 60.6% of all new passenger vehicle sales.
On the export front, China exported 1.01 million automobiles in August, surging 65.3% year‑on‑year. Monthly automobile exports have surpassed one million units for three consecutive months. NEV exports totalled 526,000 units, jumping 130% year‑on‑year. NEVs have made up more than 50% of total automobile exports for three months running.
As reported by CCTV News, Chen Shihua, Deputy Secretary‑General of CAAM, stated that NEVs accounting for over half of automobile exports for three consecutive months means one out of every two exported vehicles is a new energy model. This fundamental shift in export structure demonstrates that China’s automotive exports are shifting toward an NEV‑led pattern, leveraging electrification technologies to expand into global markets.
(Reprinted from https://news.eccn.com/）