Strong October Growth for China's Auto Exports

[Abstract]:China's October auto exports reached 666,000 units, up 22.9% year-on-year, with NEV exports nearly doubling.

According to the latest statistical data released by the China Association of Automobile Manufacturers (CAAM), China’s automotive exports continued to register robust growth and strong industrial resilience in October 2025. Monthly auto exports remained above 600,000 units for the third consecutive month. Notably, passenger vehicle exports achieved a year-on-year growth rate exceeding 20% for five straight months. Meanwhile, commercial vehicle exports posted positive growth both month-on-month and year-on-year, jointly shaping a new growth landscape for China’s automotive global expansion.

Specific figures show that China exported a total of 666,000 automobiles in October 2025, up 2.1% month-on-month and 22.9% year-on-year, sustaining a steady expansion trend. In cumulative terms, China’s auto exports reached 5.616 million units from January to October 2025, representing a year-on-year increase of 15.7%. This substantial volume further consolidates China’s position as a major global automotive exporter.

In terms of product structure, passenger vehicles remain the absolute backbone of China’s auto exports. In October, passenger vehicle exports stood at 571,000 units, rising 2.1% month-on-month and 22.8% year-on-year. The year-on-year growth rate has stayed above 20% for five consecutive months, reflecting sustained market recognition and strong overseas demand for Chinese-brand passenger vehicles. From January to October, cumulative passenger vehicle exports hit 4.773 million units, with a year-on-year growth of 16.4%.

Commercial vehicle exports also delivered a solid performance in October, recording 94,000 units exported, up 1.8% month-on-month and 23.5% year-on-year — outpacing the growth rate of passenger vehicles. The data demonstrates the steadily improving global competitiveness of China’s commercial vehicle sector. For the first ten months of 2025, cumulative commercial vehicle exports reached 843,000 units, a year-on-year increase of 11.6%.

From the perspective of power types, profound structural changes are taking place in China’s auto export portfolio, with new energy vehicles (NEVs) emerging as the core engine driving industrial growth. In October, exports of traditional fuel vehicles (including gasoline and diesel vehicles) amounted to 409,000 units, down 4.8% month-on-month and a slight 0.9% year-on-year, indicating gradual compression of their market share. Cumulatively, traditional fuel vehicle exports totaled 3.601 million units from January to October, a year-on-year decline of 5.1%.

In sharp contrast, new energy vehicle exports continued to see explosive growth. In October 2025, NEV exports surged to 256,000 units, jumping 15.4% month-on-month and nearly doubling year-on-year with a 99.9% increase. From January to October, cumulative NEV exports exceeded 2 million units, reaching 2.014 million units and marking a remarkable year-on-year growth of 90.4%. The rising proportion of NEVs in total auto exports has made new energy vehicles an indispensable growth driver and iconic feature of China’s automotive overseas business.

CAAM analysis attributes the sustained high growth of China’s auto exports to the continuously improving comprehensive competitiveness of Chinese automotive brands, covering product quality, technological innovation, supply chain stability and global service systems. Furthermore, the booming global market demand for electrified and intelligent vehicles, especially in emerging economies, perfectly aligns with China’s first-mover advantages in the automotive industry. The association expects this strong export momentum to continue in the foreseeable future.

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Strong October Growth for China's Auto Exports

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