2026年4月,Morningstar 引述乘聯會數據顯示,中國汽車出口76.9萬輛,新能源車佔52.7%、達40.6萬輛,首次多過汽油及柴油車 [18]。 內地零售市道反而轉弱:4月乘用車零售138.4萬輛,按年跌21.5%;新能源車零售84.9萬輛亦按年跌6.8%,但滲透率升至61.4% [20][25]。

Create a landscape editorial hero image for this Studio Global article: How did China’s EV exports surpass gasoline car exports for the first time in April, what do CPCA and CAAM data show about the surge in new. Article summary: China’s April 2026 export mix appears to have crossed a structural threshold: new-energy vehicles — battery EVs and plug-in hybrids — made up more than half of China’s passenger-car exports for the first time, overtaking. Topic tags: general, general web. Reference image context from search candidates: Reference image 1: visual subject "**China sold 1.34 million electric vehicles and plug-in hybrids in April, marking renewed growth in demand both year-on-year and over the course of 2025 so far. The 1,344,000 batte" source context "Chinese EV sales recover as exports surge - electrive.com" Reference image 2: visual subject "# China's April NEV sales hold steady a
中國汽車出口喺2026年4月出現一個關鍵轉折:新能源車,即 NEV,今次數據所指包括純電車同插電式混能車,第一次喺出口結構上多過汽油、柴油車。同一時間,內地乘用車零售仍然下跌 [18][
25]。換句話講,海外市場唔再只係中國電動車企嘅額外增長位,而係變成消化本土壓力嘅重要出路。
Morningstar 引述乘聯會(CPCA)數據指,中國4月汽車出口76.9萬輛,新能源車佔52.7%;新能源車出口按年增加逾一倍至40.6萬輛,令純電車同插電式混能車首次喺中國出口組合入面跑贏汽油及柴油車 [18]。
中汽協(CAAM)相關報道亦指向同一方向,不過統計口徑有分別:4月中國乘用車出口按年升近85%至約79.6萬輛;新能源乘用車出口按年升逾120%至約42萬輛 [24]。
所以,讀呢組數要小心:不同報道嘅分母未必一樣。有乘聯會口徑報道指,4月乘用車出口,包括整車及 CKD 散件組裝,為76.9萬輛,按年升80.7% [19];另一個引述乘聯會秘書長崔東樹嘅較闊車輛出口口徑,則指4月出口93.9萬輛,按年升51% [
17]。最穩陣嘅結論唔係死記某一個總數,而係見到共同方向:新能源車喺4月已經跨過中國相關汽車出口組合約一半嘅門檻 。
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2026年4月,Morningstar 引述乘聯會數據顯示,中國汽車出口76.9萬輛,新能源車佔52.7%、達40.6萬輛,首次多過汽油及柴油車 [18]。
2026年4月,Morningstar 引述乘聯會數據顯示,中國汽車出口76.9萬輛,新能源車佔52.7%、達40.6萬輛,首次多過汽油及柴油車 [18]。 內地零售市道反而轉弱:4月乘用車零售138.4萬輛,按年跌21.5%;新能源車零售84.9萬輛亦按年跌6.8%,但滲透率升至61.4% [20][25]。
2026年出口前景會更偏新能源,但仍有數據口徑、市場准入,特別係美國市場,以及增長可持續性等風險 [15][17][18][19][24][30]。
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開啟相關頁面April Exports Surge to New High: Chery Maintains Clear Lead, BYD and SAIC Break Records ... Gasgoo Munich- Export data for April 2026 has once again sent shockwaves through the Chinese auto industry. Chery Group exported 177,600 units in a single month, whi...
Chinese EV sales edge higher in April despite weakening domestic demand Retail sales of EVs fall 11 per cent year on year in April to 614,000 units – but foreign markets are providing a boost ... Chinese electric vehicle (EV) makers – including BYD and Geel...
China's clean technology titans, hungry for export markets to boost flagging profits, aren't letting a crisis go to waste. Manufacturers of electric vehicles, batteries, and solar panels have been wooing nations looking to wean themselves off costly fuel im...
乘聯會4月最終數據顯示,全國乘用車零售138.4萬輛,按年跌21.5%,按月跌16.0%;年初至今累計零售560.4萬輛,按年跌18.5% [25]。
新能源車零售為84.9萬輛,按年跌6.8%,但零售滲透率升至61.4%,首次突破60% [20][
25]。呢個表面矛盾,其實正正反映市場分化:新能源車份額上升,主要因為整體乘用車零售跌得更快,而唔係新能源車零售全面爆升 [
20][
25]。
新能源車內部亦唔平均。CnEVPost 報道指,4月純電車零售按年升2.4%,但插電式混能車零售按年跌25.2% [20]。所以4月出口里程碑,並唔代表內地新能源車市場一片大旺;更貼切講法係,車企正更倚重海外銷量。
中汽協數據解釋咗另一個現象:零售弱,但行業批發仍有韌性。4月新能源車批發銷量,包括內銷同出口,達134.4萬輛,按年升9.7%,按月升7.35% [21]。新能源車佔新車批發交付53.2%;其中純電車批發90.5萬輛,按年升10.2% [
21]。
出海轉向其實早過4月已經好明顯。中汽協第一季數據顯示,中國國內汽車銷售482.3萬輛,按年跌20.3%;同期出口222.6萬輛,按年升56.7% [22]。今年較早時,有行業協會已警告,中國汽車全年銷售可能停滯,原因包括部分地方補貼減少或暫停、內需轉弱,以及競爭加劇 [
15]。
去到公司層面,4月出口力度相當直接。奇瑞集團單月出口17.76萬輛,比亞迪出口13.45萬輛,上汽乘用車出口超過12.5萬輛;三者合計海外銷量超過43萬輛 [1]。
比亞迪嘅情況最能說明壓力。CnEVPost 指,比亞迪4月售出321,123輛新能源車,按月升6.96%,但按年跌15.51%,係連續第八個月按年下跌 [7]。南華早報亦報道,包括比亞迪及吉利在內嘅中國電動車企,正用出口同新技術去抵消內地需求轉弱 [
3]。
中國出口急升唔單止係供應端故事。洛杉磯時報報道,伊朗戰爭引發全球能源衝擊後,中國電動車、電池及太陽能企業正積極接觸希望減少昂貴燃料進口嘅國家 [4]。對能源進口市場嚟講,油價高企會令電動車同插電式混能車嘅用車成本賣點更突出。
呢股需求拉力喺3月已經見到。海峽時報報道,中國3月電動車及混能車出口按年急升140%至34.9萬輛,原因包括伊朗戰爭帶來能源衝擊,重新推高市場對電動車嘅興趣 [9]。中汽協相關3月數據亦顯示,乘用車出口按年升82.4%至約74.8萬輛;新能源乘用車出口按年升逾140%至36.3萬輛 [
11]。
較穩妥嘅判斷係:2026年中國汽車出口會愈來愈新能源化,但唔等於每個月都會重演4月嘅升幅。乘聯會52.7%新能源出口佔比,加上中汽協53.2%新能源批發佔比,顯示純電車同插電式混能車已經由配角變成中國汽車出口同生產故事嘅核心 [18][
21]。
但限制同樣要睇清楚。第一,不同報道嘅出口總數有口徑差異,按月比較最好用同一套數據 [17][
18][
19][
24]。第二,美國唔係呢輪增長嘅主要目的地;CBT News 指中國電動車基本上被擋喺美國市場之外 [
30]。第三,行業協會早已提醒,強勁電動車出口增長未必可以長期維持 [
15]。
總結一句:4月係一個結構性信號。中國車企正將內地產品策略嘅核心技術,即電動化同插電式混能,愈來愈多推向海外;海外需求亦正在緩衝本土市場轉弱。數字的確亮眼,但更應該連同統計口徑、市場准入同燃油價格變化一齊解讀,而唔係當成出口增長會無阻力加速嘅保證 [15][
18][
24][
30]。
Bitmine 的以太坊金庫大計:518萬枚 ETH 離「5%煉金術」有幾遠?
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