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China Automobile Association: 1.026 million new energy vehicles were sold in November, and auto production and sales are expected to reach an all-time high this year.

2024-02-28 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)12/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com December 11 news, the China Automobile Association recently released the automobile industry production and sales situation in November 2023, the data show that the automobile market continued in that month, with the help of consumption waves such as the "double 11" promotion, car demand was further released, and the market performance exceeded expectations.

Some of the data summarized by CTOnews.com are as follows:

Automobile production and sales completed 309.3 and 2.97 million vehicles respectively, an increase of 7% and 4.1% respectively over the previous month, and an increase of 29.4% and 27.4% respectively over the same period last year. Among them, car production reached an all-time high.

Domestic car sales in the month were 2.488 million, up 5.2% from the previous month and 24.3% from the same period last year, while car exports were 482000, down 1.1% from the previous month and up 46.3% from the same period last year.

From January to November, automobile production and sales completed 2711.1 million and 26.938 million vehicles respectively, an increase of 10% and 10.8% respectively over the same period last year, and an increase of 2 and 1.7 percentage points respectively over January-October.

In that month, the production and sales of new energy vehicles exceeded 1 million for the first time: production was 1.074 million and sales were 1.026 million, an increase of 39.2% and 30% respectively over the same period last year, with a market share of 34.5%.

In that month, domestic sales of new energy vehicles were 929000, up 11.7% from the previous month and 33.9% from the same period last year. Exports of 97000 new energy vehicles were down 21.8% from the previous month, up 1.6% from the same period last year.

From January to November, the production and sales of new energy vehicles completed 842.6 million and 8.304 million respectively, an increase of 34.5% and 36.7% respectively over the same period last year, and the market share reached 30.8%.

The China Automobile Association said the car market continued to improve in November, with production hitting an all-time high and sales approaching 3 million. In that month, automobile production and sales increased compared with the same period last year, passenger cars continued a good trend, new energy vehicles and automobile exports led the growth of the industry, and automobile production and sales were expected to reach an all-time high for the whole year, exceeding expectations and achieving the annual forecast target.

Referenc

Original text of the report: production and marketing of the automobile industry in November 2023

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