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China's auto market posts strong growth in H1

Source: Xinhua

Editor: huaxia

2025-07-10 13:16:15

An aerial drone photo taken on July 10, 2025 shows vehicles for export at Yantai Port in east China's Shandong Province. China's auto production and sales logged double-digit increases in the first half of the year (H1), a sign of vibrant domestic consumption in the world's second-largest economy, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday. The country's auto output totaled 15.62 million units during the period, up 12.5 percent from a year ago, while auto sales rose 11.4 percent to 15.65 million units. (Photo by Tang Ke/Xinhua)

BEIJING, July 10 (Xinhua) -- China's auto production and sales logged double-digit increases in the first half of the year (H1), a sign of vibrant domestic consumption in the world's second-largest economy, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday.

The country's auto output totaled 15.62 million units during the period, up 12.5 percent from a year ago, while auto sales rose 11.4 percent to 15.65 million units.

The CAAM saw increased vitality in the auto market, driven by various factors, including the country's stable economic growth, the consumer goods trade-in program, and the rapid growth of the NEV market.

New energy vehicle (NEV) production surged 41.4 percent year on year to nearly 6.97 million units in the first six months, with sales up by 40.3 percent year on year to about 6.94 million units.

NEVs accounted for 44.3 percent of total new vehicle sales in China during the January-June period, according to the CAAM.

To boost consumption, China expanded the scope of passenger vehicles covered under its trade-in program in January, aiming to increase domestic demand and support the Chinese economy through equipment upgrades and trade-ins of consumer goods.

Thursday's data also showed that the country's auto exports increased 10.4 percent year-on-year to 3.08 million units in the six months. Notably, NEV exports soared 75.2 percent to 1.06 million units.

A worker carries auto parts in the workshop of an aluminum company in Liaocheng City, east China's Shandong Province, on July 10, 2025. China's auto production and sales logged double-digit increases in the first half of the year (H1), a sign of vibrant domestic consumption in the world's second-largest economy, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday.

The country's auto output totaled 15.62 million units during the period, up 12.5 percent from a year ago, while auto sales rose 11.4 percent to 15.65 million units. (Photo by Ma Hongkun/Xinhua)

A drone photo taken on June 29, 2025 shows new energy vehicles for export parked at a vehicle export terminal at the Hangzhou section of Beijing-Hangzhou Grand Canal in Hangzhou, east China's Zhejiang Province. China's auto production and sales logged double-digit increases in the first half of the year (H1), a sign of vibrant domestic consumption in the world's second-largest economy, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday.

The country's auto output totaled 15.62 million units during the period, up 12.5 percent from a year ago, while auto sales rose 11.4 percent to 15.65 million units. (Photo by Long Wei/Xinhua)

Consumers learn about domestic electric vehicles at a shopping mall in Yantai, east China's Shandong Province on June 21, 2025. China's auto production and sales logged double-digit increases in the first half of the year (H1), a sign of vibrant domestic consumption in the world's second-largest economy, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday.

The country's auto output totaled 15.62 million units during the period, up 12.5 percent from a year ago, while auto sales rose 11.4 percent to 15.65 million units. (Photo by Tang Ke/Xinhua)

 

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