Outlook for China's Automotive Market in 2025

According to the "2025 China Automobile Market Development Forecast Report" released by the China Association of Automobile Manufacturers, the automobile industry is expected to show a basic trend of steady growth in 2025, and automobile production and sales will continue to grow. The annual automobile sales are expected to be around 32.9 million, a year-on-year increase of 4.7%. Among them, passenger cars are 28.9 million, a year-on-year increase of 4.9%; commercial vehicles are 4 million, a year-on-year increase of 3.3%; new energy vehicles are 16 million, a year-on-year increase of 24.4%; and automobile exports are 6.2 million, a year-on-year increase of 5.8%.