China exports 10 million vehicles: Fact verification briefing

1. Who said the 10 million vehicles

Key points: This is not an official tone, but the calculation of overseas consulting institutions  + the statement of industry associations.

2. Real data trump card (as of August 2026)

Caliber tip: The monthly cumulative values of the China Automobile Association and the General Administration of Customs are different (from January to July, the caliber of the China Automobile Association is about 6.14 million vehicles versus the customs of 6.399 million vehicles). Do not mix the same conclusion when quoting.

3. Key corrections: 10 million vehicles are actually not radical

● From January to August, 7.153 million vehicles have been completed, only 2.847 million vehicles short of 10 million vehicles

● Refer to the 1.01 million vehicles in a single month in August, and the number of vehicles exceeded one million for two consecutive months from July to August → only an average of 712,000 vehicles per month is needed for the remaining four months

● If the average monthly pace of 1 million vehicles is maintained from September to December, it will fall above 11 million vehicles throughout the year.

Conclusion: 10 million vehicles is a conservative bottom line,not a ceiling. The real attraction is whether it will end up at 11 million or 11.5 million.

Source: Xiong Yu, digital automobile export

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