In 2024, the Chinese passenger vehicle market achieved cumulative sales of 27.1 million units, reflecting a 6.1% YoY growth. This marks the fourth consecutive year of growth. The New Energy Vehicle market achieved total sales of 12.2 million units, representing…
The Chinese passenger vehicle market has maintained stable growth, with sales expected to reach 26.8M units in 2024, up 4.9% YoY. As of Oct 2024, NEV sales have reached 9.2M units, and full-year sales are expected to surpass 12M, with…
In Oct 2024, the production and sales volumes reached 2.648M and 2.732M units, respectively, indicating continued market growth. Over the first ten months, cumulative production saw a 3% increase, while cumulative sales rose by 4%. China brands wholesaled 1.9M units…
In 2024, China’s BEV sales hit 7.05 million units, growing 15.1% YoY and representing 26% of the total passenger vehicle market In 2024, China exported 859.3k units of BEVs, marking a decline of 10.3% for the first time. The export…
China’s passenger vehicle exports were 386k units, +1.5% MoM and +16.1% YoY.The outlook for 2024 is positive, with cumulative exports at 3,127k units by Sept, +26.6% YoY. ICE exports were 281k units (-0.1% MoM), PHEV/EREV exports were 19k units (-3.6%…
In Sept, production reached 2.42M units, and wholesale reached 2.5M units Chinese brands wholesaled 1.68M units (+17% MoM), EU-US brands 519K units (+13% MoM), and J-K brands 301K units (+16% MoM). With the strong rise of Chinese brands, sales of…
BYD September Passenger Vehicle Production & Sales Summary BYD’s passenger vehicle production in Sept reached 439.2k units, with sales of 417.6k units, resulting in a prod-sales ratio of 105% As of Sep, BYD’s total production of passenger vehicles: 2.749M units,…
Passenger vehicle market demand rebounds, with NEVs challenging the dominance of traditional internal combustion engine vehicles. Market demand sub-200K RMB rationalizes, while the 300K-500K RMB bracket is set for a showdown between smart features and luxury amenities. The automotive market…
PV sales reached a new high in 2023, surpassing 25 million units. NEV lead with sales on the rise, achieving a 34.7% market penetration rate. NEVs make a significant contribution to exports, standing alongside solar energy and lithium batteries as…
Plug-in hybrids lead the acceleration over other markets, with the trend of replacing conventional energy continuing to gain momentum. In contrast to the stable expansion of the pure EV sector, plug-in hybrid vehicles have risen as an unexpected contender. In…