Cheng Lian Branch Cui Dongshu: The price reduction of new energy vehicles in October exceeds 11%

On November 12, Cui Dongshu, the Secretary-General of the China Passenger Car Association, stated that from January to October 2025, the average price reduction of new energy vehicles reached 21,000 yuan, with a reduction rate of 10.8%. In October, the average price reduction of new energy vehicles reached 18,000 yuan, with a reduction rate of 11.1%, which is considered a normal level. In the same period, the average price reduction of conventional fuel vehicles reached 14,000 yuan, with a reduction rate of 8.4%. In October, the average price reduction of conventional fuel vehicles reached 12,000 yuan, with a reduction rate of 11.1%. Across the entire passenger car market, the average price reduction of new models reached 19,000 yuan, with a reduction rate of 10.3% from January to October. In October, the average price reduction of new models in the passenger car market reached 17,000 yuan, with a reduction rate of 11.1%.