FINWIRES · TerminalLIVE
FINWIRES

Chinese Passenger Car Sales Fall 23% in June

By

Chinese retail sales of passenger cars slid 23.2% to 1.6 million units in June, the China Passenger Car Association said in a Wednesday press release.

New energy vehicle sales fell 9% during the month, with domestic brands slipping 11%, mainstream joint venture-made NEVs plunging 45%, and luxury brands declining 11%.

Retail sales of gas-powered vehicles plunged 39% year over year, with pure gasoline vehicle sales falling 42% and conventional hybrids slipping 7%.

Vehicle exports surged 82% to 877,000 units in June, with 56.9% of the figure coming from NEVs.

Production fell 2.7% year over year to 2.3 million units.

China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333), Chery Automobile (HKG:9973), and FAW Group (SHE:000800).

Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).

Related Articles

Asia

Arealink's Hello Storage Utilization Rate Down to 79% in June

Arealink (TYO:8914) said the utilization rate at its Hello Storage facilities slipped to 78.82% at the end of June, down from 83.16% a year earlier, as newly opened sites continued to ramp up, according to a Monday filing with the Tokyo Stock Exchange.Existing-facility utilization stood at 86.62%, compared with 89.74% in June 2025, while new facilities recorded a 47.98% usage rate, down from 49.89% a year earlier. Total units reached 134,612, with 106,096 in use.The company opened 28 new facilities in June, including locations in Tokyo, Kyoto, Chiba, Saitama, Aichi, Kyoto and Fukuoka. Partner-facility additions included two units. Four facilities were closed.

TYO:8914
Asia

Magellanic Cloud Unit Wins INR63 Million South Central Railway Contract

Magellanic Cloud (NSE:MCLOUD, BOM:538891) said its wholly owned subsidiary, Provigil Surveillance, has received a letter of acceptance from South Central Railway's Vijayawada Division for a contract worth about 62.5 million Indian rupees.The nine-month project covers the installation and upgrade of video surveillance systems at multiple railway stations, including facilities for the Godavari Pushkaram 2027 event, as well as deployment of video recording systems in relay and station master rooms across the Vijayawada Division, according to a Monday Indian stock exchange filing.Shares of the surveillance technology firm fell nearly 1% in recent trade.

BOM:538891NSE:MCLOUD
Asia

Jiangsu Etern Forecasts Up to 120% Jump in H1 Profit; Shares Fall 8%

Jiangsu Etern (SHA:600105) forecasts first-half attributable net profit of between 500 million yuan and 700 million yuan, compared with 318.5 million yuan the previous year.The between 57% and 120% year-over-year increase is driven by the optical communications segment, which benefited from the digital economy acceleration and booming artificial intelligence computing demand, according to a Monday filing with the Shanghai bourse.Shares of the telecommunication cable and wire manufacturer fell 8% in recent trade.

SHA:600105
Chinese Passenger Car Sales Fall 23% in June | FINWIRES