According to data released by the China Association of Automobile Manufacturers on August 12, in July 2026, the share of New Energy Vehicles (NEVs) in monthly new car sales in the Chinese market exceeded 60% for the first time, and the cumulative share for January-July also surpassed 50% for the first time. Furthermore, monthly export volume exceeded 1 million units for two consecutive months, and the share of NEVs in export volume also exceeded 50% for two consecutive months.

For the cumulative period of January-July, China's automobile production volume was 17,567,000 units, and sales volume was 17,602,000 units. Of these, NEV production volume was 9,014,000 units and sales volume was 9,007,000 units, both representing an increase of approximately 10% year-on-year.

Furthermore, automobile exports continued to maintain strong growth. The cumulative automobile export volume for January-July was 6,140,000 units, an increase of 66.8% year-on-year, of which NEV export volume was 2,909,000 units, an increase of 120% year-on-year. (Source/CGTN Japanese)