China Automobile Association: New energy vehicle production in January was 787,000 units/sales were 729,000 units, a year-on-year increase of about 80%/a month-on-month decrease of more than 30%

According to news from this site on February 7, the China Automobile Association today released the production and sales of the automobile industry in January 2024. The data shows that the production and sales of new energy vehicles in that month completed 787,000 units and 729,000 units respectively, a month-on-month decrease of 32.9%. % and 38.8%, a year-on-year increase of 85.3% and 78.8%, respectively, and the market share reached 29.9%.

Picture source Pexels

This site organizes some data as follows:

In terms of total automobile production and sales,2.41 million and 2.439 million vehicles were completed in the month, a month-on-month decrease of 21.7% and a 22.7% increase respectively, and a year-on-year increase of 51.2% and 47.9% respectively.

Among them, the production and sales of passenger cars were 2.083 million units and 2.115 million units, a month-on-month decrease of 23.2% and 24.2% respectively, and a year-on-year increase of 49.1% and 44% respectively.

Domestic sales of passenger cars in the month were 1.746 million units, a month-on-month decrease of 26.3%, and a year-on-year increase of 43.3%; Passenger car exports were 369,000 units, a month-on-month decrease of 12.4%, and a year-on-year increase of 47.5%. Among them, domestic sales of traditional fuel passenger vehicles were 1.145 million units, an increase of 241,000 units over the same period last year, a month-on-month decrease of 15.2%, and a year-on-year increase of 26.7%.

Looking at the sales of new energy vehicles, domestic sales of new energy vehicles in that month were 629,000 units, a month-on-month decrease of 41.8%, and a year-on-year increase of 93.3%; New energy vehicle exports were 101,000 units, a month-on-month decrease of 9.8%. A year-on-year increase of 21.7%.

In addition, the sales volume of domestically produced high-end brand passenger cars in the month was 366,000 units, a month-on-month decrease of 23.4% and a year-on-year increase of 27.4%.

It is worth mentioning that the Chinese brand passenger car market share exceeded 60% that month, reaching 60.4%, an increase of 8.8 percentage points. The sales volume of Chinese brand passenger cars in that month was 1.278 million units, a year-on-year increase of 68.6%.

Original report

• Industrial Operation | Production and Sales of the Automobile Industry in January 2024

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