China Automobile Association: 6% growth expected for passenger car sales this year; Ideal Automobile adjusts i8 configuration
| August 6, 2025 Wednesday |
NO.1 China Automobile Association: 6% growth expected for passenger car sales this year
August 5th, the China Automobile Association announced that it has slightly increased its forecast for the industry's annual output. The overall forecast is as follows: 1) 2025 passenger car sales are expected to reach 24.35 million units, with a growth rate of 6%, and an increase of 300,000 units compared to the previous forecast; 2) 2025 exports are expected to reach 5.46 million units, with a growth rate of 14%, and an increase of 160,000 units compared to the initial forecast; 3) new energy passenger car sales are expected to reach 15.48 million units, with a growth rate of 27%, and a decrease of 10,000 units compared to the previous forecast; 4) total vehicle sales are expected to reach 34.04 million units, with a growth rate of 8%, and an increase of 50 points compared to the initial forecast.
Point: The China Automobile Association has slightly increased its forecast for passenger car sales this year, reflecting the recovery of market confidence and the gradual warming up of consumer demand. This adjustment is undoubtedly a positive signal for relevant automotive companies. Overall, the optimistic outlook for the passenger car market may help boost consumption in the sector, enhancing market vitality and investor confidence.
NO.2 Ideal Automobile adjusts i8 configuration
August 5th, Ideal Automobile announced that it will adjust the configuration of its newly released i8 model. The base version (i8 Max) will be priced at 33.98 million yuan, with an additional 1,000 yuan worth of platinum sound and a rear entertainment screen package available as an option.
Point: Ideal Automobile has quickly responded to consumer feedback after the i8's launch, simplifying its versions, reducing prices, and increasing value-added features. This move reduces the cost of consumer selection and may drive sales growth, solidifying its position in the pure electric SUV market.
NO.3 Li Bin: Leeco L90 enters top 3 in weekly sales rankings after three days
August 5th, Leeco CEO Li Bin announced on social media that the company's second model, Leeco L90, had entered the top 3 in weekly sales rankings within just three days of its launch. The Harbin factory has increased production capacity to meet demand.
Point: Leeco L90 has achieved outstanding sales performance after only three days on the market, demonstrating its product strength and market recognition. Li Bin's promotional efforts have boosted brand awareness and accelerated production to alleviate order pressure. This performance will help Leeco expand its presence in the SUV market and solidify its leadership position in new energy vehicles.
NO.4 Honor's first travel car, the S9T "Black Warrior" edition, makes debut
August 5th, Huawei's chief executive officer and board member of the terminal business group, Yu Chengdong, shared an official image of Honor's first travel car, the S9T "Black Warrior" edition, on social media. He directly praised it as "cool". The new car offers a pure electric and extended-range option.
Point: The debut of Honor's first travel car, the S9T "Black Warrior" edition, marks its further layout in the intelligent automotive market. This model showcases Huawei's innovative strength in electrification and intelligence. The new car offers pure electric and extended-range options, which are expected to attract consumers seeking performance and eco-friendliness, helping Honor to gain more market share.
Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Please verify before using. Any action taken is at your own risk.
Daily Economic News