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BYD Overseas Sales Double to 180,000 Units in July; China EV Exports Jump 120% in H1

BYD Overseas Sales Double to 180,000 Units in July; China EV Exports Jump 120% in H1

In July 2026, BYD sold 419,211 vehicles in total, of which 180,545 went overseas — up 120% YoY and lifting the overseas share to 43.07%. Its RACCO compact EV took 1,002 orders in Japan within two weeks of launch. The Wall Street Journal reports China's EV exports rose 120% YoY in H1 2026, with emerging markets accounting for about 60%; CAAM data shows China exported 1.037 million vehicles in June, up 75.2%.

48120 hours ago

Leapmotor A05 Launches/Xpeng G9L Pre-orders/NEV Penetration Breaks 65%: August 12 Automotive News Roundup

August 12 Automotive News: Leapmotor A05 officially launches from 63,900 RMB, Xpeng G9L pre-orders from 259,800 RMB, 2027 Seal 06 from 99,900 RMB; July NEV retail penetration rate breaks 65% for the first time, ICE vehicles plunge 44%, passenger vehicle exports 918,000 units up 87.8%; mandatory autonomous driving standard GB 44721 released, MIIT cracks down on rushed vehicles; Samsung SDI acquires 49.99% stake in GM battery JV; CATL steps back, Li Auto cuts deeper into battery cell definition, w

29022 hours ago
China July Auto Market Data Review: Retail 1.506M Units, Down 18% YoY; NEV Penetration 64.4%; Dealer Inventory Factor 1.48

China July Auto Market Data Review: Retail 1.506M Units, Down 18% YoY; NEV Penetration 64.4%; Dealer Inventory Factor 1.48

In July 2026, China's passenger car retail sales reached 1.506 million units, down 18% YoY; NEV retail was 970,000 units with a 64.4% penetration rate. The dealer inventory factor stood at 1.48, down 6.3% MoM. CPCA expects August to show "weak total recovery with strong structural divergence"; notably, no new ICE models launched in July while 25 new range-extended models dominated.

4641 day ago

China's 2026 Auto Trade-in Subsidy Rules in Effect: Up to RMB 20,000 for Scrapping-and-Switching to NEVs, Total Savings up to ~RMB 35,000

The "2026 Auto Trade-in Subsidy Implementation Rules" issued by eight departments including the Ministry of Commerce are now fully in force: scrapping an eligible old car and buying an NEV earns a 12% price-based subsidy capped at RMB 20,000, while replacement (non-scrappage) subsidies cap at RMB 15,000. Combined with local subsidies and the purchase-tax reduction, buyers can save up to roughly RMB 35,000. Official data shows 3.707 million trade-in transactions in H1 2026.

4861 day ago