China Banking Association: By the end of 2024, the balance of loans for new energy vehicles reached 2040.96 billion yuan, a year-on-year increase of 23.44%.

Recently, the Bank of China Industry Association released the "China Auto Finance Company Industry Development Report (2025)". The report shows that by the end of 2024, the total assets of 24 auto finance companies nationwide were 855.134 billion yuan, maintaining a high level; retail financing balance was 690.024 billion yuan, with a new energy vehicle loan balance of 204.096 billion yuan, a year-on-year increase of 23.44%, and a used car loan balance of 78.381 billion yuan, a year-on-year increase of 26.06%, effectively supporting the consumption of new energy vehicles and the development of the used car market; wholesale financing balance was 76.9 billion yuan, providing continuous support for the circulation of funds in the automotive industry chain. According to the report, in 2024, various regulatory and management indicators of auto finance companies overall remained good. Specifically, by the end of 2024, the industry's average liquidity ratio was 195.90%, the average capital adequacy ratio was 26.96%, and the average non-performing loan ratio was 0.65%, all maintaining good levels. The report provides a comprehensive review of the business development and operating conditions of the auto finance company industry in 2024, as well as the industry's focus on its main responsibilities and the improvement of its comprehensive development capabilities, while also attempting to look ahead to future development trends and showcase the industry's sense of responsibility and social image.