According to reports, the automobile market has seen a surge in demand, with expectations for 2024 indicating a sales revenue of 402.54 billion yuan. This is largely attributed to the rise in demand for Full Self-Driving (FSD) vehicles.
On March 25, 2025, new data released by the financial app indicates substantial growth in sales. In February 2025, the MPV production companies experienced a sale of 13.6 million vehicles. According to the China Automobile Industry Association, the sales volume for MPVs reached 80.8% of total MPV sales in that month, reflecting a variance with previous years’ figures.
Compared to the same period last year, both Geely and BYD have reported different sales trajectories, with some companies seeing a decline while others experience a significant increase in sales volume.
In a recent initiative, the government has introduced a fuel subsidy of 2,000 yuan to boost vehicle sales. This subsidy program, termed “Fuel Subsidy Promotion,” is set to run from March 10 to March 31, 2025, and aims to increase consumer interest in purchasing new vehicles.
The promotion is designed to stabilize the market and encourage the adoption of new energy vehicles. Starting from March 25, 2025, the program will continue with an extended subsidy of 3,000 yuan for eligible vehicles.
As for sales figures, by March 24, the sales revenue for the year reached 402.54 billion yuan, with a year-on-year increase of 29.02%.
In terms of market share, leading companies such as Geely and BYD are expected to maintain their positions while continuing to innovate and expand their product offerings.
Moreover, the launch of new models is anticipated, including the Emira Turbo SE, with starting prices reported at 90.28 million yuan, slated for release on March 24. The modern automobile group is projected to achieve sales of 3,000 million vehicles in the U.S. market this year.
Overall, the automotive industry is gearing up for a dynamic year ahead, with numerous new models and technological advancements expected to reshape the landscape.
