From Poder360 · Caixin Global · · 2m
Vendas de carros na China caem 27%; exportações avançam 69%
China's car sales drop 27% in October as exports surge 69% amid domestic weakness.
In brief
China's car sales drop 27% in October as exports surge 69% amid domestic weakness. China's domestic car sales fell 27.1% in October, while exports rose 68.5% as the country's auto industry shifts focus to international markets. Originally reported by Poder360.
Domestic car sales drop
Car sales in China's domestic market fell 27.1% in October compared to the same month last year.
Export sales surge
Car exports rose 68.5% in October, reaching 928,000 units, according to the Chinese Passenger Car Association.
Year-to-date decline
Domestic sales have declined 22.3% for the first 10 months of 2026, totaling 15 million units.
Export growth
Car exports have grown 74.6% for the first 10 months of 2026, reaching 7.9 million units.
Gasoline cars decline
Gasoline-powered car sales dropped 45% in October, reaching 530,000 units.
EV sales decline
Electric vehicle sales fell 13.7% in October, reaching 1.1 million units.
EV market share
Electric vehicles now account for 67.5% of China's car market, a record high.
EV export growth
Electric vehicle exports grew 144.7% in October, reaching 582,000 units.
EV export share
Electric vehicles represent 35% of total car exports, up 16 percentage points from the same period last year.
Cui Dongshu's warning
Cui Dongshu, head of the Chinese Passenger Car Association, warned of declining domestic sales and rising export reliance.
Tax incentives
Tax incentives for exports of electric vehicles will drop from 13% to 9% in April 2027.
EU export restrictions
China and the EU agreed on a quota of 350,000 hybrid vehicles for the European market in October.
Cui's forecast
Cui Dongshu forecasts domestic car sales will fall over 20% in 2026, reaching 18.5 million units.
Export projections
Cui Dongshu estimates total vehicle exports will reach 12 million units in 2026.
EV export challenges
Electric vehicle exports face rising costs due to reduced tax incentives and EU restrictions.
Market shift
China's auto industry is shifting from domestic demand to international markets as domestic sales weaken.
What to remember
China's domestic car sales fell 27.1% in October, while exports rose 68.5% as the country's auto industry shifts focus to international markets.