Posted: 14.02.2025 11:01:00

Growth in passenger car sales recorded in China in January

Production of passenger cars in China in January 2025 showed steady growth – as evidenced by the data of the China Passenger Car Association, Xinhua reports

Photo: www.english.news.cn

China’s passenger car output in January totalled about 2.11 million units, up 3.6 percent from a year earlier. The country exported 380,000 units of passenger cars, up 3 percent year-on-year.

During the reporting period, the production and sales of new energy vehicles (NEVs) grew by 25.8 percent and 10.5 percent, respectively, from a year earlier, reaching the marks of 940,000 and 744,000 units.

Electric vehicle exports during the period accounted for 35.9 percent of China’s total automobile exports last month, an increase of 7.5 percentage points compared to the same period last year.

In recent years, the competitiveness of Chinese automakers in the global market has been growing rapidly. In December 2024, China’s car sales accounted for 41 percent of the global total – a historic high.

China’s passenger car market is expected to continue to grow at a steady pace in February, with NEVs as its main driving force. The association also said in a statement that technological progress and rising consumption levels are key factors fuelling the market’s development.

According to the China Passenger Car Association’s forecast, in 2025, domestic auto sales will grow by 2 percent to 23.4 million units, while passenger NEV sales are expected to grow by 20 percent to about 13.3 million units.