行业数据显示，中国10月汽车出口保持强劲，海外出货有助于抵消疲软的国内需求。
Industry data show China's car exports have remained strong in October, with overseas shipments helping offset weak domestic demand.
香港——中国10月汽车出口保持强劲，海外出货量不断增长，帮助抵消了全球最大汽车市场持续低迷的国内需求。
CHAN HO-HIM HONG KONG —China’s car exports remained strong in October as growing overseas shipments helped offset persistently sluggish domestic demand in the world’s largest auto market.
中国汽车工业协会周三表示，上月中国出口乘用车约92.7万辆，同比增长62.3%。电动汽车和混合动力汽车的需求推动了这一增长。
China exported about 927,000 passenger vehicles last month, up 62.3% from a year earlier, the China Association of Automobile Manufacturers said Wednesday. Demand for electric vehicles and hybrids drove the growth.
然而，国内需求持续疲软，乘用车销量同比下降27.4%，至约170万辆，而2025年10月为这一水平。
However, domestic demand continued to be weak with passenger vehicle sales declining 27.4%, to about 1.7 million units, compared with October 2025.
据该协会数据，1月至10月，中国出口乘用车超过800万辆，而2025年同期为480万辆。国内乘用车销量从去年同期的1940万辆降至1450万辆。
From January to October, China exported more than 8 million passenger vehicles, compared with 4.8 million in the same period in 2025, according to the association. Domestic passenger car sales fell to 14.5 million from 19.4 million in the same period last year.
由于政府削减了对购车者的部分补贴，加上经济不确定性加剧抑制了需求，国内汽车销量已连续数月下滑。激烈的价格战、白热化的竞争和供应过剩也促使汽车制造商加大海外扩张力度。中国乘用车市场信息联席会的崔东树表示，2026年中国国内汽车零售销量可能总计约1850万辆，为多年来最低水平。
Domestic car sales have fallen for months as cuts to some government subsidies for buyers and growing economic uncertainty have dampened demand. A fierce price war, intense competition and excess supply have also prompted automakers to step up their overseas push China’s domestic retail car sales could total about 18.5 million vehicles in 2026, the lowest level in years, according to Cui Dongshu, of the China Passenger Car Association.
但崔东树和其他汽车分析师表示，汽车出口可能超过1000万辆。中国汽车制造商正在欧洲、拉丁美洲、中东和东南亚等市场扩张。
But car exports could exceed 10 million, according to Cui and other auto analysts. Markets including Europe, Latin America the Middle East and Southeast Asia are among those where Chinese carmakers are expanding.
“随着国内需求持续疲软，出口正成为一些中国汽车制造商的核心增长动力，”科技研究与咨询机构Omdia驻上海高级分析师克里斯·刘表示。
“Exports are becoming a central growth driver for some Chinese automakers as domestic demand remains weak,” said Chris Liu, a Shanghai-based senior analyst at the technology research and advisory group Omdia.
不过，中国汽车制造商面临日益严峻的出口挑战，包括保护主义措施。欧盟在削减对华巨额贸易逆差的压力下，最近与北京达成协议，将在未来几年限制中国混合动力汽车出口。
Chinese automakers, however, face growing export challenges, including protectionist measures. The European Union, under mounting pressure to reduce its huge trade deficit with China, recently reached a deal with Beijing to curb Chinese hybrid vehicle exports over the next few years.
标普全球评级的数据显示，欧洲是中国最大的汽车出口市场，约占其乘用车出口的20%。
Europe is China’s largest auto export market, accounting for roughly 20% of its passenger vehicle exports, according to S&P Global Ratings.
中国计划从明年4月起下调出口退税，这也可能推高部分出口成本，挤压汽车制造商的利润。
China’s planned reduction in export tax rebates starting next April is also likely to raise some export costs and squeeze automakers’ profits.
为降低风险，中国汽车制造商一直在扩大海外生产，以替代部分直接出口，包括在巴西和匈牙利建厂。标普分析师表示，这一转变也可能在未来几个月拖累中国的汽车出口数据。
To reduce risks, Chinese automakers have been expanding production overseas to replace some direct exports, including by setting up plants in Brazil and Hungary. S&P analysts say that shift could also weigh on China’s auto export figures in the months ahead.