NEV Penetration Breaks 60% in July, Exports Exceed 1 Million for Two Consecutive Months
CAAM data shows that in July 2026, China's automobile exports reached 1.043 million units, up 81.3% year-over-year, exceeding 1 million for the second consecutive month. New energy vehicle penetration surpassed 60% for the first time, reaching 60.4%. Leading automakers BYD, Chery, and Geely saw surging export volumes, marking China's entry into a new phase of accelerated globalization.
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