While growth has slowed compared to the rapid momentum of the past two years, PHEV/EREVs in the Chinese market still maintain double-digit growth this year. By contrast, the European market has been on a downward trend since peaking in 2022.…
As of the end of July 2025, the total inventory of the three major German luxury automakers—Mercedes-Benz, BMW, and Audi—in China was approximately 160k units, a decrease of about 17k units compared to the previous month. When compared with last…
The export of China’s passenger vehicles has continued to maintain steady growth. As of July 2025, the cumulative export volume of China’s passenger vehicles reached 2.76 million units, representing a year-on-year increase of 17.2%. The annual export volume is expected…
Since China put forward the “Belt and Road” initiative, the sales volume of Chinese automobiles in the Belt and Road countries has generally maintained growth. Although there was a 14.8% decline in 2024, the sales volume in the first half…
Since Leapmotor officially entered the market in 2020, its sales volume has witnessed explosive growth. In 2025, it surpassed Li Auto for the first time to rank first among new car-making brands, with sales volume reaching 272K units in the…
Starting from Jan 2025, after Russia substantially raised tariffs on imported autos, exports of Chinese vehicles to Russia dropped severely, with the decline rate reaching 70% in the Q2. Over the past two years, the share of Chinese vehicles in…
Data shows that the Geely Galaxy brand continues to perform brilliantly. After ranking 10th in terminal sales in 2023, it has achieved rapid growth. In the first half of 2025, it rose to the second place with 451.0k retail units,…
On July 20, 2025, China adjusted the consumption tax on ultra-luxury cars, lowering the threshold to a retail price of 900k yuan (excl. VAT). This has resulted in ultra-luxury cars with a domestic retail price (incl. VAT) ranging from 1,017k…
Since its entry into the Chinese market in 2021, Tesla Model Y has developed rapidly by virtue of its excellent product strength. However, due to the aging of the model, insufficient product competitiveness, and the aggressive pursuit by Chinese automakers,…
Per Thinkercar data, major new car-making brands saw higher July purchase benefits. NIO’s per-car benefit reached 70k yuan, up 16.4% from the prior period; Huawei HIMA brands also increased. Brands like Xiaomi, Li Auto, and Xpeng, which performed well in…
