China's auto exports may be slow in 2025, EV shipments to face zero growth

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China's auto exports may be slow in 2025, EV shipments to face zero growth - Business Standard

Quick Summary:

Sales profit margins were at 4.4 per cent in the first 11 months of 2024.

Overall, car sales are estimated to grow 2 per cent this year while NEV sales are expected to rise 20 per cent to make up 57 per cent of China's total car sales, CPCA predicted.

That suggests 2025 sales growth of EVs and plug-in hybrid cars could be the weakest since 2021, even though Cui estimated the scale of government subsidies would be sustained at a peak level this year.