In April, China’s automobile production and sales reached a historic peak, with new energy vehicles accounting for 42.7% of the total. According to data released by the China Association of Automobile Manufacturers on May 12, 2025, the production volume for April was 1.0175 million vehicles, while sales totaled 1.006 million, representing year-on-year growth of 12.9% and 10.8% respectively. This growth reflects China’s position as the largest automobile market, demonstrating the strong momentum in the industry.
In the first four months of 2025, production and sales of new energy vehicles reached 442.9 thousand and 430 thousand respectively, with year-on-year increases of 48.3% and 46.2%. The share of new energy vehicles in total sales reached 42.7%, indicating a deepening commitment to green energy within China’s automotive market.
The rapid growth of new energy vehicles is attributed to several factors, including supportive government policies aimed at boosting the industry. These policies include financial incentives, infrastructure development for electric vehicles, and a commitment to reducing emissions.
As consumer interest in new energy vehicles continues to rise, reports indicate that over 60% of respondents in relevant surveys view these vehicles as their preferred choice for purchase. By the first quarter of 2025, the market for new energy vehicles is expected to reach a total value of 800 billion yuan, with various sectors including battery production, electric motor manufacturing, and intelligent connectivity contributing to this growth.
In terms of exports, a total of 193.7 thousand vehicles were exported in the first four months, marking a year-on-year increase of 6%. Among these, new energy vehicle exports reached 64.2 thousand, reflecting a significant year-on-year increase of 52.6%. Key markets for these exports include Europe and other new markets, where Chinese brands have captured around 30% of the respective market shares.
Looking forward, it is projected that the exports of new energy vehicles will increase by 21% in the first four months of 2025, establishing them as a key area of growth for Chinese automotive enterprises.
China’s automotive industry has undergone substantial transformation since 1980, when the annual production volume was only 3.7 million vehicles. By 2025, production is expected to surpass 10 million vehicles, reflecting a rapid increase that has positioned China as a leading player in the global automotive market.
In the coming five years, China’s new energy vehicle production is anticipated to reach 1.5 million units annually, with intelligent connected vehicles expected to grow by over 50%. This growth trajectory signifies a shift towards a more sustainable and technologically advanced automotive industry.
For more insights and updates, please visit the New Energy Finance website.
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