Another record high! China's auto market hits two new records in August

　　China News Service, September 9 (Zhongxin Finance and Economics Ge Cheng) "In August, the contradiction between power supply and demand was prominent, and the production and supply capacity of automobiles was greatly affected. However, due to policies, promotions and other reasons, the market still maintained good vitality." Chen Shihua, deputy secretary general of the China Automobile Association, said at the China Automobile Association's monthly information conference on the 9th.

　　He said that although automobile production and sales in August fell slightly from the previous month, they still showed rapid growth year-on-year.

With the arrival of the traditional golden consumption season, passenger cars will still show rapid growth in the next few months.

Data map: Automobile production line.

Photo by Zhang Yun

Passenger car consumption gradually returns to normal

　　According to data from the China Automobile Association, in August 2022, a total of 2.125 million passenger vehicles were sold, a decrease of 2.3% from the previous month and a year-on-year increase of 36.5%.

From January to August 2022, a total of 14.655 million passenger vehicles were sold, a year-on-year increase of 11.7%, and the growth rate was 3.4 percentage points higher than that from January to July.

　　"Although the continuous high temperature and drought in the south have a certain impact on the production and operation of some auto companies, under the combined effect of the policy of halving the purchase tax and the local policy to promote consumption, coupled with the continuous increase of promotion efforts by auto companies and dealers, the passenger car market It still maintains good vitality, and the sales volume continues the rapid growth trend year-on-year." Chen Shihua said.

Commercial vehicle production and sales achieved year-on-year growth for the first time this year

　　According to data from the China Automobile Association, in August 2022, the production and sales of commercial vehicles were 238,000 units and 258,000 units, respectively.

　　"Since April 2021, the production and sales of commercial vehicles have achieved double year-on-year growth for the first time." Chen Shihua said that with the gradual formation of physical quantities of a batch of mature infrastructure construction, the production and sales of commercial vehicles will gradually improve.

　　Although the monthly production and sales situation has improved, compared with passenger vehicles, the overall annual sales of commercial vehicles is still a long way from reversing the decline.

According to data from the China Automobile Association, from January to August 2022, the production and sales of commercial vehicles were 2.165 million and 2.206 million, down 34.1% and 36.2% year-on-year.

Among the main types of commercial vehicles, compared with the same period of the previous year, both the production and sales of passenger cars and trucks declined rapidly.

Data map: Commercial vehicle production.

Photo by China News Agency reporter Zhang Bin

Monthly production and sales of new energy vehicles hit a new record high

　　According to data from the China Automobile Association, in August 2022, the production and sales of new energy vehicles continued to maintain rapid growth year-on-year, and the monthly production and sales reached a new record high, reaching 691,000 and 666,000 respectively, a month-on-month increase of 12% and 12.4%, and a year-on-year increase of 1.2 times. And 1 times, the market share reached 28%, higher than the previous month.

　　Since 2022, the new energy vehicle industry has shown a rapid growth trend.

From January to August 2022, the production and sales of new energy vehicles will reach 3.97 million and 3.86 million respectively, an increase of 1.2 times and 1.1 times year-on-year, with a market share of 22.9%.

　　The China Automobile Association stated that among the main varieties of new energy vehicles, compared with the previous month, the production and sales of pure electric vehicles increased significantly, plug-in hybrid vehicles showed a slight increase, and the production of fuel cell vehicles decreased significantly and sales increased slightly; Compared with the same period, the production and sales of the above three categories continued to maintain rapid growth.

Data map: Automobile exports.

Photo courtesy of Guangzhou Port Group

Car exports

　　According to data from the China Automobile Association, in August 2022, auto companies exported 308,000 vehicles, hitting a record high for the first time in the history of exports.

Exports rose 6.2% month-on-month this month and 65% year-on-year.

　　In terms of models, passenger cars exported 260,000 units this month, a month-on-month increase of 7.6% and a year-on-year increase of 68.7%; commercial vehicle exports were 49,000 units, a month-on-month decrease of 0.3% and a year-on-year increase of 47.5%; new energy vehicle exports were 83,000 units, a month-on-month increase. An increase of 53.6%, a year-on-year increase of 82.3%, showing a rapid growth momentum.

　　From January to August 2022, auto companies exported 1.817 million vehicles, a year-on-year increase of 52.8%.

In terms of models, the export of passenger vehicles was 1.446 million units, a year-on-year increase of 56.4%; the export of commercial vehicles was 371,000 units, a year-on-year increase of 40.2%; the export of new energy vehicles was 340,000 units, a year-on-year increase of 97.4%.

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