Cui Dongshu: By 2025, the domestic commercial vehicle compulsory insurance data will show strong growth. In November, the domestic sales of commercial vehicles increased by 4% year-on-year.

According to the wisdom financial APP, on December 19th, Cui Dongshu, the secretary-general of the China Association of Automobile Manufacturers, published an analysis of the domestic insurance characteristics of commercial vehicles in November 2025. According to the data of the National Financial Bureau's compulsory insurance, the domestic commercial vehicle compulsory insurance data showed a strong growth in 2025. Due to the strong growth of new energy vehicles and policies promoting vehicle renewal, the overall situation of new energy commercial vehicles in 2025 showed a rapid increase. From March to November, new energy saw strong growth. In November, domestic sales of commercial vehicles reached 260,000 units, a year-on-year increase of 4% and a month-on-month increase of 4%. From January to November 2025, domestic sales of commercial vehicles reached 2.81 million units, a year-on-year increase of 9%. From January to November 2025, the cumulative sales of new energy commercial vehicles reached 770,000 units, a year-on-year increase of 54%. After the policy peak at the end of 2024, the performance of new energy vehicles in January 2025 was relatively weak, but saw a substantial year-on-year increase from February to September. In November, sales of new energy commercial vehicles reached 92,000 units, a year-on-year increase of 45% and a month-on-month increase of 15%.