Chinese Car Exports Exceed 1 Million Units for 2 Consecutive Months - China Automotive News Flash, August 13, 2026

1. July domestic car sales in China were 1.541 million units, down 23.6% year-on-year

According to data released by the China Association of Automobile Manufacturers (CAAM) on August 12, China's automobile production in July was 2.573 million units, and sales were 2.584 million units. Compared to the previous month, these figures represent a decrease of 6.8% and 8.0% respectively, and a decrease of 0.7% and 0.3% compared to the same month last year.

For the cumulative period from January to July, production reached 17.567 million units and sales reached 17.602 million units, both down 3.7% year-on-year. The rate of decline has narrowed further since the first half of the year.

Of this, July domestic sales in China were 1.541 million units, down 13.1% from the previous month and 23.6% from the same month last year. Cumulative domestic sales from January to July were 11.462 million units, a 21.4% decrease year-on-year.

2. Monthly new car sales ratio of NEVs exceeds 60% for the first time

According to data released by the China Association of Automobile Manufacturers on August 12, the ratio of new energy vehicles (NEVs) to monthly new car sales exceeded 60% for the first time. It also reached 50% for the first time in the cumulative period from January to July.

In addition, automobile exports exceeded 1 million units for two consecutive months, and the share of NEVs within that total also exceeded 50% for two consecutive months.

Specifically, NEV production in July was 1.576 million units and sales were 1.561 million units, an increase of 26.8% and 23.7% respectively compared to the same month last year.

For the cumulative period from January to July, production reached 9.014 million units and sales reached 9.007 million units, both increasing by approximately 10% year-on-year.

3. BYD 'Qin MAX' launches today; at 4,866mm, it is the longest in the Qin series

BYD's **'Qin MAX'** will be officially launched today.

As a new model in the Qin family, it is being introduced to the mid-size sedan market equipped with the 2nd generation Blade Battery, flash charging technology, the LiDAR-equipped version of the 'Tian Shen Zhi Yan B' driving assistance system, and the 'Yun Nian-C' intelligent damping body control system.

With a total length of 4,866mm, it is the largest in the Qin series. It is also described as the 'Super Large Cup' of the Qin family, meaning it is the largest and highest-class model in the series.

4. Chinese high-performance motorcycle brand 'ZXMOTO' secures new funding; Sequoia China invests 150 million yuan, valuation at 6 billion yuan

On August 13, the Chinese high-performance motorcycle brand ZXMOTO (Zhangxue Motorcycle) completed a new round of funding. Sequoia China is an investor.

The company's early investor, Gaorong Capital, also reportedly made an additional investment in this round, but neither party has disclosed specific transaction terms.

Regarding the scale of the investment, Neil Shen, founding partner and chairman of Sequoia China, revealed specific figures in a recent public interview, stating that Sequoia China invested 150 million yuan in this round. The total valuation of ZXMOTO after the transaction is completed will be approximately 6 billion yuan.

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