China Automobile Association: my country's new energy vehicle sales increased by 27% year-on-year in August, with a market share of 32.8%

According to data from the China Automobile Association, my country's automobile production and sales reached 2.575 million and 2.582 million vehicles respectively in August, with month-on-month growth rates of 7.2% and 8.2%, respectively, and year-on-year growth rates of 7.5% and 8.4% respectively. %

From January to August, the production and sales of automobiles reached 18.225 million units and 18.21 million units respectively, a year-on-year increase of 7.4% and 8% respectively. Compared with January to July, the production growth rate was flat, and the sales growth rate dropped slightly by 0.1 percentage point

In August this year, my country's new energy vehicle production and sales completed 843,000 and 846,000 units respectively, increasing month-on-month respectively. 4.7% and 8.5%, a year-on-year increase of 22% and 27% respectively, and the market share reached 32.8%.

During the period from January to August, the production and sales of new energy vehicles in my country reached 5.434 million and 5.374 million respectively, with year-on-year growth of 36.9% and 39.2% respectively, and the market share reached 29.5%

#In August, domestic sales of new energy vehicles reached 756,000 units, an increase of 11.4% from the previous month and a year-on-year increase of 29.7%. The export volume of new energy vehicles was 90,000 units, a month-on-month decrease of 11.2%, but a year-on-year increase of 8.1%

From January to August, domestic sales of new energy vehicles were 4.647 million units, a year-on-year increase of 32%; New Exports of energy vehicles were 727,000 units, a year-on-year increase of 1.1 times.

From January to August this year, the top ten enterprise groups in my country’s new energy vehicle sales totaled 4.675 million vehicles, a year-on-year increase of 53.8%, accounting for 87% of the total new energy vehicle sales, higher than the previous year. 8.2 percentage points over the same period last year.

The entire new energy market is still in a stage of rapid growth. Among the top ten companies in terms of new energy vehicle sales, Li Auto has the most significant growth rate, with a year-on-year growth of 1.8 times. However, the sales growth rate of SAIC and Dongfeng has declined, and other companies have shown varying degrees of growth

This site noticed that according to data, the top three market concentration ratios in my country’s automobile market in August this year were BYD, Tesla and SAIC. Their total sales accounted for 55.1%. Among them, BYD's sales reached 274,000 vehicles, Tesla and SAIC's sales reached 84,000 and 91,000 vehicles respectively

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