Home
Search History
Clear History
{{item.search_key}}
Hot Searches
Change
{{item.name}}
{{item.english_name}}
Subscribe eNews
Once A Week Once Every Two Weeks
{{sum}}
{{sum}}
Login

Please Login

Subscribe To Tags, See What You Want To See

Sign Up For Events, Expand your network

Unlock Private Messages, Participate In Interactions

 Register

Hi.{{userInfo.company_name_english||userInfo.truename_english}} Hi.{{userInfo.truename||userInfo.phone||userInfo.email}}

Applications

Sustainable TPE for comfort and durable smartwatch straps

WACKER’s ceramifying silicone supporting thermal barrier at the Battery Show

Clariant catalysts continue to shrink carbon footprints

Products

Americhem launches Laser Marking Solutions platform

Röhm’s LiMA technology for MMA production runs at industrial scale

Super carbon fiber lattices: Foam-like weight + aluminum-level performance

Activities

  • Fakuma 2026: Multi-faceted program for plastics industry

  • Plast 2026 expects 200 new exhibitors and strong international presence

  • 350,000+ visitors! CHINAPLAS 2026 shatters every record in the book

Pictorial

News Videos

Inside Moretto: A tour of their Italian production facilities

Top 10 Technology Trends awards presented at CHINAPLAS 2026

MAAG x SIKORA: Smart pelletizing + precise inspection - More stable, carbon-reduced

Conference Videos

Summit Dialogue: Policy alignment and practices in plastic recycling across Asia

Interview: Pathways for development of plastics recycling in Malaysia

Driving systemic change: Unilever’s evolution in the circular economy

Corporate/Product Videos

For Rubber & Plastic Extrusion Equipment, trust Hebei Zhongsen! Custom Extruders, Traction Machines & Vulcanizing Lines

Is Your Mold Supplier Really Giving You Peace of Mind?

Kurtz GmbH & Co.

News
NEW
HOT
 Events
NEW
HOT
 SPE Asia
NEW
HOT
 Special
NEW
HOT
 Live
NEW
HOT
 eNews
NEW
HOT
 Essential Guide
NEW
HOT
 Event Calendar
NEW
HOT
 Survey
NEW
HOT
 CHINA INSIGHT
NEW
HOT

Home > News > Automotive

China’s car sales expect slow growth in 2025

Source：Adsale Plastics Network Date ：2025-01-21 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

China’s car sales sustained the rising path in 2024, as sales of electric vehicles (EVs) and plug-in hybrids reached an all-time high in the world’s auto market, reported INQUIRER Mobility.


Cars_480.jpg


China’s car sales sustained an increasing path in 2024. (Source: freepik)

 

Record high in China’s car sales 2024

 

In November 2024, China accounted for 41% of the world’s automobile sales, with about 3.3 million vehicles sold.

 

China Passenger Car Association (CPCA) stated that almost 11 million new energy vehicles (NEVs) were sold in 2024, with a year-on-year increase of 40.7%. NEVs sales accounted for 47.6% of all car sales in 2024.

 

The outstanding growth of car sales in China also benefit local brands such as BYD, Geely and Xiaomi. It also benefited Tesla, whose China sales hit a record high in 2024.

 

Other foreign automakers such as General Motors, Toyota and Volkswagen continued to lose ground to local rivals, however, with many of them struggling to sustain effective capacity usage at their Chinese plants.

 

Chinese government subsidy for greener vehicles

 

Despite a fierce price war in global car market, Chinese government-subsidized trade-ins for greener vehicles promotes the increasing demand for NEVs.

 

More than 6.6 million cars sold in 2024 benefited from government subsidies. Over 60% of the subsidized purchases went to NEVs, per official data.

 

The authorities announced recently an extension of the auto trade-in subsidies into 2025 as part of an expanded consumer trade-in scheme to revive economic growth.

 

China’s car export expected to grow in 2025

 

In 2024, China’s vehicle exports achieved a 19.3% increase – exports of EVs fell 10.4% while plug-in hybrid exports were up 190%.

 

China Association of Automobile Manufacturers (CAAM) forecasted that China’s vehicle exports to grow 5.8% to 6.2 million units in 2025. Sales growth for NEVs, including EVs and plug-in hybrids, is expected to reach 24.4% in 2025, compared to 35.5% in 2024.

 

Xu Haidong, CAAM official, said that an extension of auto trade-in subsidies into 2025 is viewed as one of the biggest boons for growth, while weak domestic demand, fierce competition and mounting external pressure are poised to have jarring effects on the auto market.


 Like 丨  {{details_info.likes_count}}
Electric vehicles
New energy vehicle
Import and export
Hybrid vehicle
 Chongqing Woerfu Chemical Co.,Ltd      
 SUZHOU GELEFU M&E TECHNOLOGY CO., LTD.      
 GUANGDONG HTASO NEW MATERIALS TECHNOLOGY CO.,LTD      
 JIASHAN ITAFLON FLUORO TECHNOLOGY CO.,LTD.      

The content you're trying to view is for members only. If you are currently a member, Please login to access this content.   Login

Source：Adsale Plastics Network Date ：2025-01-21 Editor ：RC
Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

China’s car sales sustained the rising path in 2024, as sales of electric vehicles (EVs) and plug-in hybrids reached an all-time high in the world’s auto market, reported INQUIRER Mobility.


Cars_480.jpg


China’s car sales sustained an increasing path in 2024. (Source: freepik)

 

Record high in China’s car sales 2024

 

In November 2024, China accounted for 41% of the world’s automobile sales, with about 3.3 million vehicles sold.

 

China Passenger Car Association (CPCA) stated that almost 11 million new energy vehicles (NEVs) were sold in 2024, with a year-on-year increase of 40.7%. NEVs sales accounted for 47.6% of all car sales in 2024.

 

The outstanding growth of car sales in China also benefit local brands such as BYD, Geely and Xiaomi. It also benefited Tesla, whose China sales hit a record high in 2024.

 

Other foreign automakers such as General Motors, Toyota and Volkswagen continued to lose ground to local rivals, however, with many of them struggling to sustain effective capacity usage at their Chinese plants.

 

Chinese government subsidy for greener vehicles

 

Despite a fierce price war in global car market, Chinese government-subsidized trade-ins for greener vehicles promotes the increasing demand for NEVs.

 

More than 6.6 million cars sold in 2024 benefited from government subsidies. Over 60% of the subsidized purchases went to NEVs, per official data.

 

The authorities announced recently an extension of the auto trade-in subsidies into 2025 as part of an expanded consumer trade-in scheme to revive economic growth.

 

China’s car export expected to grow in 2025

 

In 2024, China’s vehicle exports achieved a 19.3% increase – exports of EVs fell 10.4% while plug-in hybrid exports were up 190%.

 

China Association of Automobile Manufacturers (CAAM) forecasted that China’s vehicle exports to grow 5.8% to 6.2 million units in 2025. Sales growth for NEVs, including EVs and plug-in hybrids, is expected to reach 24.4% in 2025, compared to 35.5% in 2024.

 

Xu Haidong, CAAM official, said that an extension of auto trade-in subsidies into 2025 is viewed as one of the biggest boons for growth, while weak domestic demand, fierce competition and mounting external pressure are poised to have jarring effects on the auto market.


全文内容需要订阅后才能阅读哦~
立即订阅
MAAG Bannner Ad (EN) Maguire Bannner Ad (EN)
SHANGHAI CHIC NEW MATERIAL CO.,LTD. JIASHAN ITAFLON FLUORO TECHNOLOGY CO.,LTD. Hangzhou BOSOM New Materials Technology Co., Ltd

Recommended Articles

Automotive
WACKER’s ceramifying silicone supporting thermal barrier at the Battery Show
 2026-06-09
Automotive
Envalior’s material innovations shine at Battery Show 2026
 2026-06-08
Automotive
Teknor Apex advances recycled solutions for automotive interiors
 2026-05-29
Automotive
HRC empowers first flight of DreamFly “Youlong” Hybrid Tiltrotor eVTOL
 2026-05-29
Automotive
Covestro and Genofort advance ultra-flexible haptic systems for smart automotive interiors
 2026-05-26
Automotive
ENGEL’s high-performance automotive solutions at CHINAPLAS 2026
 2026-04-14
WENZHOU CHAOXU MACHINERY CO.，LTD. CPRJwebsite_EMP_Souring Request_EN
JIANGSU SHENLONG ZINC INDUSTRY CO., LTD. PE Plastic Pipe Production Line Machine 湖北拓盈新材料有限公司
  • Must See
    • News
    Images
    Watch it
1
Dramatic slowdown in Europe’s transition to a circular plastics system
2
Material breakthroughs in low-altitude economy only seen in CHINAPLAS
3
Study warns PCR packaging growth falls behind PPWR 2030 targets
4
DOMO Engineered Materials joins forces with RadiciGroup
5
Sustainable powder detergent packaging with 50% PCR content
1
Summit Dialogue: Policy alignment and practices in plastic recycling across Asia
2
Interview: Pathways for development of plastics recycling in Malaysia
3
Inside Moretto: A tour of their Italian production facilities
  • Hot Specials

You May Be Interested In

Change
  • People
  • Company
loading... No Content
{{[item.truename,item.truename_english][lang]}} {{[item.company_name,item.company_name_english][lang]}} {{[item.job_name,item.name_english][lang]}}
{{[item.company_name,item.company_name_english][lang]}} Company Name    {{[item.display_name,item.display_name_english][lang]}}  

Polyurethane Investment Medical Carbon neutral Reduce cost and increase efficiency CHINAPLAS Financial reports rPET INEOS Styrolution Evonik Borouge Polystyrene (PS) mono-material Sustainability Circular economy BASF SABIC Multi-component injection molding machine All-electric injection molding machine Thermoforming machine

China’s car sales expect slow growth in 2025

识别右侧二维码，进入阅读全文
下载
x 关闭
订阅
亲爱的用户，请填写一下信息
I have read and agree to the 《Terms of Use》 and 《Privacy Policy》
立即订阅
Top
Feedback
Chat
News
Market News
Applications
Products
Video
In Pictures
Specials
Activities
eBook
Front Line
Plastics Applications
Chemicals and Raw Material
Processing Technologies
Products
Injection
Extrusion
Auxiliary
Blow Molding
Mold
Hot Runner
Screw
Applications
Packaging
Automotive
Medical
Recycling
E&E
LED
Construction
Others
Events
Conference
Webinar
CHINAPLAS
CPS+ eMarketplace
Official Publications
CPS eNews
Media Kit
Social Media
Facebook
Linkedin
Adsale Group ｜  About Us ｜  Terms of Use ｜  Privacy Policy ｜  Contact Us ｜  Media Kit ｜  Consent Letter for Processing Personal Data ｜