<ul>
<li>與 2025 年 12 月相比，預計下降 42.42%。</li>
<li>消費者需求在 12 月提前釋放，導致 1 月需求減少。</li>
</ul>
<p>中國乘用車新能源車批發銷量 -- CPCA</p>
<p>2024  2025  2026</p>
<p>*2026 年 1 月數據為 CPCA 估計</p>
<p>來源：CPCA© CnEVPost</p>
<p>中國乘用車新能源車（NEV）上個月的批發銷量預計實現了微幅的同比增長，但環比大幅下降。</p>
<p>根據中國乘用車協會（CPCA）今天發佈的報告，1 月中國乘用車新能源車批發銷量預計為 90 萬輛，同比增長 1%。</p>
<p>與 12 月的 1,563,000 輛相比，這一估計代表了 42.42% 的下降，根據 CnEVPost 的計算。</p>
<p>加入我們在 Telegram 或 Google News</p>
<p>CPCA 表示，中國新能源車購置税免税政策在 12 月到期後撤回，導致消費者需求提前釋放，消耗了 1 月的需求。</p>
<p>12 月批發銷量超過 10,000 輛的新能源車製造商貢獻了當月新能源車批發銷量的 93%。</p>
<p>這些製造商預計 1 月銷量總計為 83 萬輛。根據上個月的銷量結構，中國 1 月乘用車新能源車批發銷量預計將達到 90 萬輛，CPCA 表示。</p>
<p>在中國，新能源車包括電池電動汽車（BEV）、插電式混合動力電動車（PHEV）和燃料電池汽車。具體數據預計將在本月晚些時候發佈。</p>
<p>在主要汽車製造商的新能源車批發銷量中，比亞迪（HKG: 1211, OTCMKTS: BYDDY）記錄了 205,518 輛，而吉利汽車（HKG: 0175, OTCMKTS: GELYF）達到了 124,525 輛。</p>
<p>特斯拉（NASDAQ: TSLA）在 1 月的批發銷量為 69,129 輛，而奇瑞的新能源車批發銷量總計為 47,895 輛，賽力斯的新能源車銷量為 40,012 輛。</p>
<p>進入 2026 年，中國消費者面臨額外 5% 的購置税負擔，而中國的車輛置換補貼仍處於過渡階段，影響了需求。</p>
<p>中國乘用車新能源車批發銷量（2026 年 1 月）</p>
<table>
<thead>
<tr>
<th>汽車製造商</th>
<th>新能源車批發銷量</th>
</tr>
</thead>
<tbody>
<tr>
<td>比亞迪</td>
<td>205,518</td>
</tr>
<tr>
<td>吉利</td>
<td>124,252</td>
</tr>
<tr>
<td>特斯拉中國</td>
<td>69,129</td>
</tr>
<tr>
<td>奇瑞</td>
<td>47,895</td>
</tr>
<tr>
<td>賽力斯</td>
<td>40,012</td>
</tr>
<tr>
<td>小米電動車</td>
<td>39,000</td>
</tr>
<tr>
<td>零跑汽車</td>
<td>32,059</td>
</tr>
<tr>
<td>東風</td>
<td>29,975</td>
</tr>
<tr>
<td>長安</td>
<td>29,868</td>
</tr>
<tr>
<td>上汽通用五菱</td>
<td>28,661</td>
</tr>
<tr>
<td>上汽乘用車</td>
<td>28,179</td>
</tr>
<tr>
<td>理想汽車</td>
<td>27,668</td>
</tr>
<tr>
<td>蔚來汽車</td>
<td>27,182</td>
</tr>
<tr>
<td>廣汽埃安</td>
<td>21,635</td>
</tr>
<tr>
<td>小鵬汽車</td>
<td>20,011</td>
</tr>
<tr>
<td>長城汽車</td>
<td>18,019</td>
</tr>
<tr>
<td>一汽紅旗</td>
<td>8,265</td>
</tr>
<tr>
<td>Spotlight</td>
<td>6,202</td>
</tr>
<tr>
<td>上汽通用</td>
<td>5,983</td>
</tr>
<tr>
<td>Arcfox</td>
<td>5,077</td>
</tr>
<tr>
<td>一汽奔騰</td>
<td>5,025</td>
</tr>
<tr>
<td>智己汽車</td>
<td>4,647</td>
</tr>
<tr>
<td>東風日產</td>
<td>4,211</td>
</tr>
<tr>
<td>長安馬自達</td>
<td>3,781</td>
</tr>
<tr>
<td>Smart</td>
<td>3,768</td>
</tr>
<tr>
<td>江淮</td>
<td>3,151</td>
</tr>
<tr>
<td>賽力斯湖北</td>
<td>3,022</td>
</tr>
<tr>
<td>寶馬華晨</td>
<td>2,777</td>
</tr>
<tr>
<td>北京汽車</td>
<td>2,490</td>
</tr>
<tr>
<td>廣汽傳祺</td>
<td>2,426</td>
</tr>
<tr>
<td>北京汽車製造廠</td>
<td>2,315</td>
</tr>
<tr>
<td>廣汽豐田</td>
<td>2,236</td>
</tr>
<tr>
<td>廣汽本田</td>
<td>1,482</td>
</tr>
<tr>
<td>一汽豐田</td>
<td>1,217</td>
</tr>
<tr>
<td>JMEV</td>
<td>1,001</td>
</tr>
<tr>
<td>上汽大通</td>
<td>592</td>
</tr>
<tr>
<td>其他</td>
<td>41,269</td>
</tr>
</tbody>
</table>
<p>中國乘用車新能源車批發銷量（2026 年 1 月）</p>
<p><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026020408391932-768x434.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026020408391932-768x434.jpg"/></p>
<p>特斯拉中國 1 月批發銷量同比增長 9.32%，達到 69,129 輛</p>
<p>特斯拉中國 1 月的批發銷量同比增長 9.32%，但環比下降 28.86%。</p>

特斯拉

華寶智能電動汽車ETF

2 倍做多特斯拉 ETF - Direxion

比亞迪

比亞迪(ADR)

比亞迪股份

華夏中證新能源汽車ETF

<p>2026 年 1 月，中國乘用新能汽車（NEV）批發銷量預計為 90 萬輛，同比增長 1%，但較 2025 年 12 月大幅下降 42.42%。這一下降歸因於由於新能汽車購置税免税政策到期而導致的提前消費需求。銷量的主要貢獻者包括比亞迪，銷量為 205,518 輛，特斯拉為 69,129 輛。新的 5% 購置税和過渡性車輛置換補貼預計將進一步影響需求</p>

<blockquote>
<ul>
<li>Compared with December 2025, the estimate represents a 42.42% decline.</li>
<li>Consumer demand was pulled forward in December, resulting in a drawdown of January demand.</li>
</ul>
</blockquote>
<div class="lb-trans"><ul>
<li>與 2025 年 12 月相比，預計下降 42.42%。</li>
<li>消費者需求在 12 月提前釋放，導致 1 月需求減少。</li>
</ul>
</div><p>China passenger NEV wholesale sales -- CPCA</p>
<div class="lb-trans"><p>中國乘用車新能源車批發銷量 -- CPCA</p>
</div><p>2024  2025  2026</p>
<div class="lb-trans"><p>2024  2025  2026</p>
</div><p>*Jan 2026 figure is CPCA estimate</p>
<div class="lb-trans"><p>*2026 年 1 月數據為 CPCA 估計</p>
</div><p>Source: CPCA© CnEVPost</p>
<div class="lb-trans"><p>來源：CPCA© CnEVPost</p>
</div><p>China's passenger new energy vehicle (NEV) wholesale sales last month are projected to have achieved a marginal year-on-year increase, but a significant month-on-month decline.</p>
<div class="lb-trans"><p>中國乘用車新能源車（NEV）上個月的批發銷量預計實現了微幅的同比增長，但環比大幅下降。</p>
</div><p>In January, China's passenger NEV wholesale sales are estimated at 900,000 units, a 1% year-on-year increase, the China Passenger Car Association (CPCA) said in a report today.</p>
<div class="lb-trans"><p>根據中國乘用車協會（CPCA）今天發佈的報告，1 月中國乘用車新能源車批發銷量預計為 90 萬輛，同比增長 1%。</p>
</div><p>Compared to December's 1,563,000 units, this estimate represents a 42.42% decline, according to CnEVPost calculations.</p>
<div class="lb-trans"><p>與 12 月的 1,563,000 輛相比，這一估計代表了 42.42% 的下降，根據 CnEVPost 的計算。</p>
</div><p>Join us on  Telegram  or  Google News</p>
<div class="lb-trans"><p>加入我們在 Telegram 或 Google News</p>
</div><p>The withdrawal of China's NEV purchase tax exemption policy after its December expiration led to front-loaded consumer demand, depleting January's demand, CPCA said.</p>
<div class="lb-trans"><p>CPCA 表示，中國新能源車購置税免税政策在 12 月到期後撤回，導致消費者需求提前釋放，消耗了 1 月的需求。</p>
</div><p>Manufacturers with passenger NEV wholesale sales exceeding 10,000 units in December contributed 93% of the month's total NEV wholesale sales.</p>
<div class="lb-trans"><p>12 月批發銷量超過 10,000 輛的新能源車製造商貢獻了當月新能源車批發銷量的 93%。</p>
</div><p>These manufacturers' projected January sales total 830,000 units. Based on last month's sales structure, China's January passenger NEV wholesale sales are expected to reach 900,000 units, CPCA said.</p>
<div class="lb-trans"><p>這些製造商預計 1 月銷量總計為 83 萬輛。根據上個月的銷量結構，中國 1 月乘用車新能源車批發銷量預計將達到 90 萬輛，CPCA 表示。</p>
</div><p>In China, NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell vehicles. Their specific figures are expected to be released later this month.</p>
<div class="lb-trans"><p>在中國，新能源車包括電池電動汽車（BEV）、插電式混合動力電動車（PHEV）和燃料電池汽車。具體數據預計將在本月晚些時候發佈。</p>
</div><p>Among major automakers' NEV wholesale sales, BYD (HKG: 1211, OTCMKTS: BYDDY) recorded 205,518 units, while Geely Auto (HKG: 0175, OTCMKTS: GELYF) reached 124,525 units.</p>
<div class="lb-trans"><p>在主要汽車製造商的新能源車批發銷量中，比亞迪（HKG: 1211, OTCMKTS: BYDDY）記錄了 205,518 輛，而吉利汽車（HKG: 0175, OTCMKTS: GELYF）達到了 124,525 輛。</p>
</div><p>Tesla (NASDAQ: TSLA) recorded wholesale sales of 69,129 units in January, while Chery's NEV wholesale sales totaled 47,895 units and Seres' NEV sales totaled 40,012 units.</p>
<div class="lb-trans"><p>特斯拉（NASDAQ: TSLA）在 1 月的批發銷量為 69,129 輛，而奇瑞的新能源車批發銷量總計為 47,895 輛，賽力斯的新能源車銷量為 40,012 輛。</p>
</div><p>Entering 2026, Chinese consumers face an additional 5% purchase tax burden, and China's vehicle trade-in subsidies remain in a transitional phase, impacting demand.</p>
<div class="lb-trans"><p>進入 2026 年，中國消費者面臨額外 5% 的購置税負擔，而中國的車輛置換補貼仍處於過渡階段，影響了需求。</p>
</div><p>China passenger NEV wholesale sales (Jan 2026)</p>
<div class="lb-trans"><p>中國乘用車新能源車批發銷量（2026 年 1 月）</p>
</div><table>
<thead>
<tr>
<th>Automaker</th>
<th>NEV Wholesale Sales</th>
</tr>
</thead>
<tbody>
<tr>
<td>BYD</td>
<td>205,518</td>
</tr>
<tr>
<td>Geely</td>
<td>124,252</td>
</tr>
<tr>
<td>Tesla China</td>
<td>69,129</td>
</tr>
<tr>
<td>Chery</td>
<td>47,895</td>
</tr>
<tr>
<td>Seres</td>
<td>40,012</td>
</tr>
<tr>
<td>Xiaomi EV</td>
<td>39,000</td>
</tr>
<tr>
<td>Leapmotor</td>
<td>32,059</td>
</tr>
<tr>
<td>Dongfeng</td>
<td>29,975</td>
</tr>
<tr>
<td>Changan</td>
<td>29,868</td>
</tr>
<tr>
<td>SAIC-GM-Wuling</td>
<td>28,661</td>
</tr>
<tr>
<td>SAIC Passenger Vehicle</td>
<td>28,179</td>
</tr>
<tr>
<td>Li Auto</td>
<td>27,668</td>
</tr>
<tr>
<td>Nio</td>
<td>27,182</td>
</tr>
<tr>
<td>GAC Aion</td>
<td>21,635</td>
</tr>
<tr>
<td>Xpeng</td>
<td>20,011</td>
</tr>
<tr>
<td>Great Wall Motor</td>
<td>18,019</td>
</tr>
<tr>
<td>FAW Hongqi</td>
<td>8,265</td>
</tr>
<tr>
<td>Spotlight</td>
<td>6,202</td>
</tr>
<tr>
<td>SAIC-GM</td>
<td>5,983</td>
</tr>
<tr>
<td>Arcfox</td>
<td>5,077</td>
</tr>
<tr>
<td>FAW Bestune</td>
<td>5,025</td>
</tr>
<tr>
<td>IM Motors</td>
<td>4,647</td>
</tr>
<tr>
<td>Dongfeng Nissan</td>
<td>4,211</td>
</tr>
<tr>
<td>Changan Mazda</td>
<td>3,781</td>
</tr>
<tr>
<td>Smart</td>
<td>3,768</td>
</tr>
<tr>
<td>JAC</td>
<td>3,151</td>
</tr>
<tr>
<td>Seres Hubei</td>
<td>3,022</td>
</tr>
<tr>
<td>BMW Brilliance</td>
<td>2,777</td>
</tr>
<tr>
<td>BAIC</td>
<td>2,490</td>
</tr>
<tr>
<td>GAC Trumpchi</td>
<td>2,426</td>
</tr>
<tr>
<td>Beijing Automobile Works</td>
<td>2,315</td>
</tr>
<tr>
<td>GAC Toyota</td>
<td>2,236</td>
</tr>
<tr>
<td>GAC Honda</td>
<td>1,482</td>
</tr>
<tr>
<td>FAW Toyota</td>
<td>1,217</td>
</tr>
<tr>
<td>JMEV</td>
<td>1,001</td>
</tr>
<tr>
<td>SAIC Maxus</td>
<td>592</td>
</tr>
<tr>
<td>Others</td>
<td>41,269</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>汽車製造商</th>
<th>新能源車批發銷量</th>
</tr>
</thead>
<tbody>
<tr>
<td>比亞迪</td>
<td>205,518</td>
</tr>
<tr>
<td>吉利</td>
<td>124,252</td>
</tr>
<tr>
<td>特斯拉中國</td>
<td>69,129</td>
</tr>
<tr>
<td>奇瑞</td>
<td>47,895</td>
</tr>
<tr>
<td>賽力斯</td>
<td>40,012</td>
</tr>
<tr>
<td>小米電動車</td>
<td>39,000</td>
</tr>
<tr>
<td>零跑汽車</td>
<td>32,059</td>
</tr>
<tr>
<td>東風</td>
<td>29,975</td>
</tr>
<tr>
<td>長安</td>
<td>29,868</td>
</tr>
<tr>
<td>上汽通用五菱</td>
<td>28,661</td>
</tr>
<tr>
<td>上汽乘用車</td>
<td>28,179</td>
</tr>
<tr>
<td>理想汽車</td>
<td>27,668</td>
</tr>
<tr>
<td>蔚來汽車</td>
<td>27,182</td>
</tr>
<tr>
<td>廣汽埃安</td>
<td>21,635</td>
</tr>
<tr>
<td>小鵬汽車</td>
<td>20,011</td>
</tr>
<tr>
<td>長城汽車</td>
<td>18,019</td>
</tr>
<tr>
<td>一汽紅旗</td>
<td>8,265</td>
</tr>
<tr>
<td>Spotlight</td>
<td>6,202</td>
</tr>
<tr>
<td>上汽通用</td>
<td>5,983</td>
</tr>
<tr>
<td>Arcfox</td>
<td>5,077</td>
</tr>
<tr>
<td>一汽奔騰</td>
<td>5,025</td>
</tr>
<tr>
<td>智己汽車</td>
<td>4,647</td>
</tr>
<tr>
<td>東風日產</td>
<td>4,211</td>
</tr>
<tr>
<td>長安馬自達</td>
<td>3,781</td>
</tr>
<tr>
<td>Smart</td>
<td>3,768</td>
</tr>
<tr>
<td>江淮</td>
<td>3,151</td>
</tr>
<tr>
<td>賽力斯湖北</td>
<td>3,022</td>
</tr>
<tr>
<td>寶馬華晨</td>
<td>2,777</td>
</tr>
<tr>
<td>北京汽車</td>
<td>2,490</td>
</tr>
<tr>
<td>廣汽傳祺</td>
<td>2,426</td>
</tr>
<tr>
<td>北京汽車製造廠</td>
<td>2,315</td>
</tr>
<tr>
<td>廣汽豐田</td>
<td>2,236</td>
</tr>
<tr>
<td>廣汽本田</td>
<td>1,482</td>
</tr>
<tr>
<td>一汽豐田</td>
<td>1,217</td>
</tr>
<tr>
<td>JMEV</td>
<td>1,001</td>
</tr>
<tr>
<td>上汽大通</td>
<td>592</td>
</tr>
<tr>
<td>其他</td>
<td>41,269</td>
</tr>
</tbody>
</table>
</div><p>China passenger NEV wholesale sales (Jan 2026)</p>
<div class="lb-trans"><p>中國乘用車新能源車批發銷量（2026 年 1 月）</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026020408391932-768x434.jpg" alt="" original-src="https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026020408391932-768x434.jpg"/></p>
<p>Tesla China Jan wholesale sales rise 9.32% year-on-year to 69,129 units</p>
<div class="lb-trans"><p>特斯拉中國 1 月批發銷量同比增長 9.32%，達到 69,129 輛</p>
</div><p>Tesla China's January wholesale sales increased 9.32% year-on-year but fell 28.86% month-on-month.</p>
<div class="lb-trans"><p>特斯拉中國 1 月的批發銷量同比增長 9.32%，但環比下降 28.86%。</p>
</div>

China Jan NEV wholesale sales edge up 1% to 900,000 units, CPCA estimates show

- 2026 年 1 月中國乘用新能源車批發銷量估計為 90 萬輛，同比增 1%。  
- 與 2025 年 12 月的 156.3 萬輛相比，降幅達 42.42%。  
- 新車購置税優惠政策取消導致消費需求提前釋放。

乘聯會估計顯示，中國 1 月新能源汽車批發銷量微增 1% 至 90 萬輛