On September 9th, according to the data released by the China Passenger Car Association, the retail sales of narrow passenger cars nationwide in August were 1.905 million units, a year-on-year decrease of 1.0% and a month-on-month increase of 10.8%. Among them, the retail sales of new energy passenger cars in August were 1.027 million units, a year-on-year increase of 43.2% and a month-on-month increase of 17.0%. The retail penetration rate of new energy vehicles in August exceeded 50% again, reaching 53.9%.

"With the further implementation of the scrapping and renewal policy and the gradual introduction of local 'old-for-new' policies, the terminal prices have also begun to stabilize after the national call to end 'internal competition', and the consumer's wait-and-see sentiment has further eased, resulting in an overall recovery in the auto market." Cui Dongshu, Secretary-General of the China Passenger Car Association, believes that the overall seasonal trend of the auto market is gradually diverging from the seasonal trend of traditional gasoline vehicles, and the heat of the new energy vehicle market in August is rising. "Looking ahead for the whole year, the China Passenger Car Association will give specific figures for the expected increase in the new energy vehicle market after a comprehensive analysis."

According to statistics by the China Passenger Car Association, sales data for 14 A/H-share listed automakers in August showed that 8 automakers with new energy vehicles accounting for more than 40% of their sales achieved sales growth in August, while 5 automakers with relatively low new energy vehicle sales proportions experienced double-digit sales declines in August.

BYD continued to consolidate its position in the new energy vehicle market in August, with sales reaching 0.3731 million units, a year-on-year increase of 35.97% and a new monthly sales record for the sixth consecutive month. PHEVs remain BYD's main products, accounting for 60% of total passenger vehicle sales. Since May of this year, with the launch of multiple new models using the fifth-generation DM technology, the company's new product cycle has driven further sales growth.

Geely Auto also continued to make new energy market advancements in August, with sales reaching 0.0755 million units, a year-on-year increase of 64.86%, and new energy vehicles accounting for over 40%. In terms of brands, Geely's new energy brands performed relatively evenly. In August, Geely's Geometry sold 0.2651 million units, a year-on-year increase of over 138%; Lynk & Co. sold 0.2253 million units, a year-on-year increase of over 20%, with new energy products accounting for over 74%; and Zeekr delivered 0.1802 million units in August, a year-on-year increase of 46%.

Chongqing Sokon Industry Group Stock also experienced a significant increase in August, with sales of new energy vehicles reaching 0.0362 million units, a year-on-year increase of 479.55%. This year, Chongqing Sokon Industry Group Stock, in collaboration with Huawei, continued to launch new products under the WENJIE brand. On August 26th, the WENJIE New M7 Pro was launched. In the first half of the year, the WENJIE M9 was delivered on a large scale, and the WENJIE New M5 and WENJIE New M7 Ultra were also launched. As the biggest beneficiary of the intelligent selection vehicle model, Chongqing Sokon Industry Group Stock is further deepening its cooperation with Huawei. On August 23rd, Chongqing Sokon Industry Group Stock announced that its subsidiary plans to acquire a 10% stake in Shenzhen Yingwang for 11.5 billion yuan.

In addition to Chongqing Sokon Industry Group Stock, another BAIC Bluepark New Energy Technology, which has deep cooperation with Huawei, has also seen a noticeable recovery in sales in the past two months. In August, BAIC Bluepark sold 0.0131 million vehicles, a year-on-year increase of 65.98%. On August 6, the Hongmeng Smart Travel's first luxury flagship sedan, Honor S9, jointly created by Huawei and BAIC, was launched, injecting a strong stimulus into BAIC Bluepark again.

In August, the new forces in car making also performed well. Li Auto Inc and Lixiang One both maintained their growth momentum: Li Auto delivered 0.0481 million new vehicles in August, a year-on-year increase of 37.8%; Lixiang One delivered 0.0303 million new vehicles in August, a year-on-year increase of 113.57%. Nio Inc and XPeng saw a slight year-on-year increase in August, and both car companies are hoping to boost sales through their second brands.

As the traditional car sales slow season, the retail sales volume of conventional fuel vehicles in August was 0.87 million vehicles, a year-on-year decrease of 28%. The differentiation between the fuel vehicle market and the new energy vehicle market is further intensified, and SAIC Motor Corporation, Guangzhou Automobile Group, and Dongfeng Motor Corporation's sales volume in August reflects this differentiation.

SAIC Motor Corporation sold 0.2576 million vehicles in August, a year-on-year decrease of 39.14%. Among them, SAIC-GM's August sales volume decreased by as much as 81.98%, and the entire American brand market's retail market share in August was only 5.7%. Guangzhou Automobile Group sold 0.1482 million vehicles in August, a year-on-year decrease of 24.69%. In addition to the two major Japanese joint venture brands Honda and Toyota, whose year-on-year declines both exceeded 20%, Guanzhou Aion also failed to escape, and its sales volume saw a year-on-year decline for seven consecutive months, further intensifying market competition. Dongfeng Motor Corporation sold 0.1238 million vehicles in August, a year-on-year decrease of 31.77%, reflecting the overall weakness of the current fuel vehicle market.

"Only with strong both fuel and electric vehicles, can the overall situation of the automotive industry continue to improve steadily." In response to this, the China Association of Automobile Manufacturers (CAAM) has repeatedly called on the central and local governments to actively stabilize fuel vehicle consumption and promote the stronger implementation of scrapping and replacement policies; Regarding the performance of the "Golden September and Silver October" period, Cui Dongshu believes that "the effects will be more prominent", and he further states that "the country will introduce scrapping and replacement policies, guide local governments to promote corresponding old-for-new incentive policies and timely release implementation details. With the continuous introduction of policies, it will bring better promotion for the sales volume during the 'Golden September and Silver October' period."