On July 8, the China Passenger Car Association (CPCA) unveiled data indicating that the wholesale penetration rate of new energy vehicle manufacturers surged to 49.8% in June 2025, marking a 4.6 percentage point increase compared to the same period last year. Among different segments, independent brands boasted a penetration rate of 66.7%, while luxury cars stood at 33%, and mainstream joint venture brands lagged behind with a mere 6.6%.