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…
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…
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…