In H1 2026, China sold 7.446 million NEVs, up 7.3% YoY, with NEV exports surging 120% to 2.355 million units. June auto exports hit a record 1.0378 million. However, domestic sales fell 21.1%, creating a "hot exports, cold domestic" pattern. BEV recovered while PHEV and EREV declined.
40020 hours ago
The EU is considering imposing anti-subsidy tariffs on Chinese-made PHEVs. Some automakers without local European production capacity are still engaged in technical consultations on price undertakings. Chinese automakers' European registrations are expected to exceed 1.3 million in 2026.
17622 hours ago
From January to May 2026, BYD's passenger vehicle exports continued rapid growth, with Brazil leading at 186,921 units as the largest overseas market. Multiple European countries and Australia entered the top ten, and the dual-tech route differentiated deployment strategy accelerated global expansion.
2041 day agoFrom January 1, 2027, NEV vehicle and vessel tax exemptions will be cancelled, marking the final countdown for 15 years of tax incentives. Purchase tax has already shifted from full exemption to half-rate collection, and the policy phase-out is pushing the industry into a market-driven new stage.
1802 days agoA July 2026 CPCA aftermarket report reveals NEV average vehicle age is merely 1.8 years versus 8.2 years for ICE vehicles. Three-year NEV retention rates stand at approximately 44.8% — 45.2% for pure-electric and 46.8% for PHEV — trailing ICE vehicles' 50%+ three-year retention. Rapid technology iteration, absence of battery inspection standards, and persistent price wars compress used-car values, creating a "replace cars like phones" consumption pattern among NEV owners.
51310 days ago
China's Ministry of Finance, State Taxation Administration, and Ministry of Industry and Information Technology announced adjustments to vehicle and vessel tax incentives for energy-efficient and new energy vehicles. Effective January 1, 2027, plug-in hybrid electric vehicles (PHEVs) will no longer enjoy vehicle tax exemption, and the 50% reduction for energy-efficient vehicles will also be cancelled. The policy shift is officially framed as promoting high-quality development of the NEV industry and advancing fuel-electric parity. The transition window extends to 2027, directly impacting current PHEV sales dynamics and corporate product planning.
15910 days agoThe Zeekr 9X five-seat version officially opened for pre-order on July 8. Customers paying a 5,000-yuan deposit can access benefits worth up to 90,000 yuan, including doubled deposit credit, Naim premium audio, a wing-style sliding screen, and electric side steps. Built on the exclusive Haohan-S architecture and positioned as a large luxury plug-in hybrid SUV, the model will arrive at dealerships in late July. Four core systems—super hybrid powertrain, AI intelligent chassis, full-domain safety armor, and long-range intelligent driving—form its technical foundation.
39210 days ago
The Geely Galaxy A7 EM has set a new world record for plug-in hybrid electric vehicles, achieving 2,608.360 kilometers on a full tank and full charge. Powered by the Thor EM-i super hybrid system with a 1.5L engine boasting over 47% thermal efficiency, the model delivers class-leading fuel consumption as low as 2L per 100km. As a mid-size PHEV sedan positioned in the 100,000-yuan segment, its 2,845mm wheelbase and 4,918mm length provide class-above interior space, with electric-only range options spanning 60 to 235 km.
24710 days ago
China's auto exports reached 4.059 million units in H1 2026, up 63.0% year-over-year, with export value hitting $72.8 billion. NEV exports totaled 1.833 million units, surging 110.0% year-over-year, pushing NEV share of total exports above 45% for the first time. PHEV exports reached 708,000 units, up 120%, becoming the fastest-growing segment.
48613 days ago
China's three ministries announced that from January 1, 2027, preferential vehicle and vessel tax policies for NEVs will be fully canceled. Halved rates for energy-efficient vehicles and exemptions for commercial BEVs, PHEVs, EREVs, and fuel-cell vehicles will all terminate. Pure-electric passenger vehicles remain unaffected. Central Asian importers need to adjust PHEV procurement strategies.
39314 days ago
In the first week of June 2026, China's passenger vehicle market reached a historic milestone: NEV retail penetration rate hit 66.7% for the first time, meaning two of every three new cars sold were new energy vehicles. From breaking 50% in 2024 to exceeding 66% in 2026, China's auto electrification is accelerating.
31816 days ago
China's passenger vehicle exports reached 930,000 units in May 2026, up 68.7% year-over-year and 3.1% month-over-month, marking a new all-time high and the second consecutive month above 900,000 units. NEV exports totaled 446,000 units, surging 110% YoY, with PHEV exports jumping 140%. This underscores the accelerating global competitiveness of China's automotive supply chain.
22918 days ago
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