In July 2026, the proportion of monthly new car sales of new energy vehicles exceeded 60% for the first time, and the cumulative proportion exceeded 50% for the first time - the latest set of data released by the China Association of Automobile Manufacturers has attracted much attention.
To understand the components of these two 'firsts', one must first have a clear understanding of the statistical caliber. Previously, statements such as "more than half of the market share" were mostly targeted at the passenger car category or the domestic sales market. However, this data includes passenger cars and commercial vehicles, domestic sales and automobile exports, truly crossing the watershed of "half of the country" and marking that new energy vehicles have become the mainstream of the market.
Looking at the domestic car market, the proportion of domestic sales of new energy passenger vehicles has been increasing month by month since the beginning of this year, reaching 68.1% in July, which is equivalent to 2 out of every 3 new cars sold being new energy vehicles. The speed of electrification transformation of commercial vehicles has also maintained rapid growth, with domestic sales of new energy commercial vehicles increasing by nearly 50% year-on-year in July.
Looking at cars going global, the proportion of new energy vehicle exports has exceeded 50% for two consecutive months. Previously, China's automobile exports were dominated by fuel vehicles for a long time. Now, new energy vehicles are becoming a new engine driving export growth.
Since the beginning of this year, especially in recent times, the sustained high oil prices have directly pushed up the daily operating costs of fuel vehicles, while the electricity consumption cost of new energy vehicles is much lower than the fuel consumption cost, making their economy increasingly prominent and becoming a key driving force for attracting consumers to buy cars.
At the same time, the product strength of new energy vehicles continues to increase. Domestic car companies are deeply cultivating technological innovation and R&D investment, continuously tackling user concerns such as safety and range. New progress has been made in areas such as next-generation power batteries, intelligent cockpits, and intelligent assisted driving, and the iteration cycle of vehicle models is constantly being compressed.
From pure electric scooters to luxury intelligent flagships, from rugged off-road vehicles to home MPVs... Differentiated positioning covers the travel needs of different consumer groups, and the rich supply of new energy vehicle products continues to activate market potential.
The infrastructure is becoming increasingly perfect, and the world's largest energy replenishment network continues to escort green travel. The latest data shows that the total number of electric vehicle charging infrastructure (guns) in China has reached 23.057 million, and more than 180000 high-power charging guns have been built.
What are the prospects for the development of new energy vehicles in the future?
Recently, multiple "15th Five Year Plan" plans have been publicly released, and new energy vehicles, as representatives of new quality productivity, have been frequently deployed, injecting strong confidence and providing strong support for the high-quality development of the industry.
For example, the State Council has issued the "15th Five Year Plan for Carbon Peak Action", proposing that by 2030, the proportion of new energy vehicles should strive to reach 30%, and the proportion of new energy operating transportation vehicles should reach 25%; The "15th Five Year Plan" for the construction of a new power system specifies that by 2030, the total amount of charging infrastructure will exceed 40 million, forming a charging service capacity to support over 110 million electric vehicles
Relying on the advantages of a super large domestic market, a well-established and efficient industrial and supply chain system, and continuous iteration of core technological strength, we believe that China's new energy vehicle industry will continue to deepen its green transformation track, accelerate the integration and upgrading of electrification, intelligence, and networking, continuously unleash industrial vitality, and stimulate more new breakthroughs.