- China's 2025 NEV sales expected to reach 16 million units, said CAAM deputy secretary-general.
- China's auto sales growth may slow in the final two months of this year, differing from the strong year-end growth seen in previous years.
For the full year of 2025, China's auto sales are expected to exceed 34 million units, with new energy vehicle (NEV) sales expected to reach 16 million units, according to a senior industry association official.
Chen Xu, deputy secretary-general of the China Association of Automobile Manufacturers (CAAM), mentioned the forecast today at a forum during the 2025 World Internet of Things Conference, as reported by local media outlet Cailian.
In 2025, China's auto exports are projected to exceed 6.8 million units, Chen said, according to the brief report.
This implies China's total vehicle sales this year could grow about 8.28 percent from last year's 31.4 million units, with NEV sales rising about 24.42 percent and exports increasing 16.24 percent, according to data compiled by CnEVPost.
From January to October, China's total vehicle sales reached 27.7 million units, up 12.48 percent year-on-year, according to data released earlier this month by the CAAM.
NEV sales in the first ten months totaled 12.91 million units, a 32.41 percent increase year-on-year.
China's vehicle exports from January to October reached 5.58 million units, up 15.02 percent year-on-year. Among these, NEV exports totaled 1.98 million units, surging 87.43 percent year-on-year.
Chen's forecast indicates that overall vehicle sales and NEV sales growth in China could decelerate during the final two months of this year, diverging from the robust year-end growth seen in previous years.
This partly stems from multiple provinces and cities having phased out vehicle trade-in subsidies over recent months, reducing the front-loading of demand seen in previous years.
Additionally, China's current policy exempting NEVs from purchase tax will expire at year-end. Starting next year, consumers purchasing such models will face a five percent purchase tax -- half the standard rate.
