Cui Dongshu: From January to October, the production of new energy vehicles increased by 28% year-on-year, with a penetration rate of 46%.

According to the financial and economic app of Wise Finance, on November 17, Cui Dongshu, the Secretary-General of the China Passenger Car Association, stated in a post that from January to October 2025, the national fixed asset investment (excluding farmers) totaled 40.8914 trillion yuan, a decrease of 1.7% year-on-year. The growth rate of automobile investment in 2025 also reached 17.5%, exceeding expectations for the past two years. It is at a historical high from January to October and much higher than the investment growth rate of other manufacturing industries. In October 2025, 3.28 million vehicles were produced, a year-on-year increase of 11%; 1.71 million new energy vehicles were produced, a year-on-year increase of 19%, with a penetration rate of 52%; 1.57 million fuel vehicles were produced, a year-on-year increase of 4%. From January to October 2025, a total of 27.33 million vehicles were produced, a year-on-year increase of 11%; 12.67 million new energy vehicles were produced, a year-on-year increase of 28%, with a penetration rate of 46%; 14.65 million fuel vehicles were produced, remaining flat year-on-year.