> 数据图表你知道25Q2乘用车数据稳步回升，新能源渗透率创新高2025-9-225Q2乘用车数据稳步回升，新能源渗透率创新高 25Q2数据环比Q1有所回升，新能源渗透率创新高。2025Q2乘用车批发销量达711万辆，同比+13%，环比+10.8%；零售达579万辆，同比+15.6%，环比+13.1%。在Q1新车+政策刺激的高基数下仍有增长，车市需求表现较好。此外2025Q2新能源批发量达363万辆，同比+33.6%，环比+25.2%，新能源批发渗透率达51.1%，达2022年以来新高，新能源市场增长势头不减。图表：乘用车批零销量（万辆）2022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q25544816636575146136867885686296708886427111.批发-中汽协YOY9.1%环比 -16.3%-2.2%-13.2%36.6%37.9%-0.7%-0.9%-7.2%-21.8%27.5%19.3%3.4%11.9%20.0%14.9%10.6%-27.9%2.6%10.7%-2.3%6.5%12.6%32.5%12.9%-27.7%13.0%10.8%2.零售-乘联会492435561YOY -4.4%环比 -12.7%-10.0%-11.7%23.5%29.1%5660.5%0.9%427526-13.3%-24.6%21.0%23.2%5711.8%8.6%64748350057373251257914.2%13.2%13.2%-25.3%-4.9%3.6%0.3%14.5%13.2%27.7%5.9%-30.1%15.6%13.1%3.新能源批发-中汽协120128188218151207241301198272324434290363YOY 145.2%环比 -7.0%99.9%6.2%108.0%47.3%68.8%16.0%25.9%-30.6%61.9%36.6%28.4%16.8%38.3%24.9%31.1%-34.2%31.6%37.2%34.4%19.3%44.0%33.8%46.4%-33.1%33.6%25.2%新能源批发渗透率21.7%26.5%28.3%33.2%29.4%33.7%35.2%38.2%34.9%43.2%48.4%48.9%45.2%51.1%来源：中汽协、乘联会、中泰证券研究所4中泰证券综合其他
