The Chinese industry leader continued to accelerate its growth in July 2026, posting its third consecutive month of strong sales gains after increases in May and June. The company sold 419,211 new energy vehicles worldwide last month, up 21.76 per cent year on year and marking its highest monthly sales total so far this year. International business remained the main growth driver, while the domestic market showed signs of recovery for new battery technologies despite the seasonal summer slowdown.
International business remained the key growth driver. Exports, including to Europe, rose to a record 179,841 units in July, up 124.3 per cent year on year. They accounted for around 43 per cent of the group’s total sales, matching June’s share. Against this backdrop, the company is preparing to start series production at its first European passenger car factory in Szeged, Hungary, in the fourth quarter of 2026. Electric vehicles built there will not be subject to the EU’s additional tariffs on electric cars manufactured in China.
In the domestic market, the company sold around 239,370 vehicles. The year-on-year decline of around nine per cent was significantly smaller than in previous months, supported in part by consistently strong demand for models featuring fast-charging technology.
