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Chen Chuan, director of China Automotive data passenger car Research Office: new energy vehicles are expected to hit 40% penetration next year.

2024-07-21 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 netizen West Window old clues delivery! CTOnews.com December 11 news, China Association of Automobile Manufacturers held "2024 China Auto Market Development Forecast Summit" in Beijing.

Chen Chuan, director of the Passenger Car Research Office of China Automobile Data, said that the overall sales volume of the automobile market is expected to reach 25.8 million vehicles in 2024, an increase of 4.4% year-on-year, among which the growth rate of passenger cars is 3.2% and that of commercial vehicles is 13%. New energy vehicles are expected to hit 40% penetration next year.

According to the production and sales data of automobile industry in November 2023 released by China Automobile Association, the sales volume of new energy vehicles in China in November was 1.026 million, and the automobile production and sales this year are expected to reach an all-time high.

Among them, the output of new energy vehicles was 1.074 million, and the sales volume was 1.026 million, with year-on-year growth rates of 39.2% and 30% respectively, and the market share reached 34.5%.

Source PixabayCTOnews.com summarizes some of the data as follows:

The production and sales of automobiles were 3.093 million and 2.97 million respectively, up 7% and 4.1% month-on-month and 29.4% and 27.4% year-on-year respectively. Among them, automobile production hit an all-time high.

The domestic sales volume of automobiles in that month was 2.488 million, up 5.2% month-on-month and 24.3% year-on-year; the export volume of automobiles was 482,000, down 1.1% month-on-month and up 46.3% year-on-year.

1-11 In January, the production and sales of automobiles were 27.111 million and 26.938 million respectively, up 10% and 10.8% year-on-year respectively, and the growth rate was 2 and 1.7 percentage points higher than that in January-October respectively.

For the first time in that month, the production and sales of new energy vehicles exceeded one million: the output was 1.074 million vehicles and the sales volume was 1.026 million vehicles, with year-on-year growth rates of 39.2% and 30% respectively, and the market share reached 34.5%.

The domestic sales volume of new energy vehicles in that month was 929,000, up 11.7% month-on-month and 33.9% year-on-year; the export of new energy vehicles was 97,000, down 21.8% month-on-month and up 1.6% year-on-year.

1-11 In January, the production and sales of new energy vehicles were 8.426 million and 8.304 million respectively, up 34.5% and 36.7% year-on-year respectively, and the market share reached 30.8%.

The auto market continued to perform well in November, with car production hitting an all-time high and sales approaching 3 million vehicles, the China Automobile Association said. The automobile production and sales of the month increased year-on-year, passenger cars continued to have a good trend, new energy vehicles and automobile exports led the industry growth, automobile production and sales are expected to create a record high throughout the year, exceeding expectations to achieve the annual forecast target.

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