China’s Auto Sales Projected to Exceed 34 Million Units in 2025, NEVs Leading the Charge
China is projected to see its auto sales exceed 34 million units by the end of 2025, with new energy vehicle (NEV) sales expected to reach a record high of 16 million units. According to Chen Xu, deputy secretary-general of China Association of Automobile Manufacturers (CAAM), this growth will be accompanied by a significant rise in auto exports, surpassing 6.8 million units.Key TakeawaysNew energy vehicle sales expected to reach 16 million units in 2025.Total auto sales projected to grow by 8.28% from last year's figures.A significant increase of 16.24% is anticipated for auto exports this year.Chen Xu, deputy secretary-general of CAAM, highlighted that the growth in NEV sales will lead China's overall vehicle market expansion. The projected rise in NEVs reflects a trend towards greener t...