According to data unveiled by Cui Dongshu from the China Passenger Car Association (CPCA), in July 2026, the total automobile production volume hit 2.53 million units, showing no significant change on a year-on-year basis. Specifically, new energy vehicle (NEV) production soared to 1.55 million units, marking a 30% year-on-year surge and boasting a market penetration rate as high as 61%. In contrast, fuel vehicle production dwindled to 980,000 units, experiencing a 27% year-on-year decline. During the same month, the auto industry's total revenue soared to RMB 888.7 billion, representing an 8.3% year-on-year increase. However, costs also rose to RMB 795.7 billion, up by 10%, and profits plummeted to RMB 20.9 billion, down by 28% year-on-year, culminating in an industry profit margin of 2.4%.

From January to July 2026, cumulative automobile production reached 17.61 million units, a 3% year-on-year decrease. NEV production stood at 8.95 million units, up 10% year-on-year, with a market penetration rate of 51%. Meanwhile, fuel vehicle production declined to 8.67 million units, a 14% year-on-year drop. Over this period, the auto industry's total revenue climbed to RMB 6,078 billion, a 2.7% year-on-year rise, with costs escalating to RMB 5,405.8 billion, up by 3.8%, and profits tumbling to RMB 216.2 billion, down by 20% year-on-year. This resulted in an industry profit margin of 3.6%, which remains notably lower than the average profit margin of 6.5% for downstream industrial enterprises.