CPCA data shows July 2026 NEV passenger vehicle wholesale reached 1.47 million units, up 23% YoY. BYD led with 411K units, Geely 158K, Chery 122K (doubled YoY). Leapmotor's 101K units surpassed Tesla China, becoming the month's biggest highlight.
1831 day agoCPCA Secretary Cui Dongshu stated that May 2026 end-month passenger vehicle industry inventory was 3.48 million units, with manufacturer inventory at 30.3%—relatively high. The team's optimism for June dropped to 31%, a historically low prediction index. High oil prices and weak consumption are main drivers.
21855 days ago
Triggered by the Iran war and disruptions in Strait of Hormuz shipping, international oil prices have surged to their highest levels in nearly four years. UK media reports indicate that persistently high fuel costs are accelerating European consumer demand for Chinese electric vehicles, with Chinese EVs now "selling out" across Europe. This trend bears striking resemblance to the oil crises of the 1970s-80s that propelled Japanese automakers to global prominence—except this time, the protagonists are Chinese EV manufacturers.
15764 days ago
EX1000
