China News Service, March 11 (China News reporter Ge Cheng) On the 11th, the China Automobile Association released automobile production and sales data.

From January to February 2024, automobile production and sales completed 3.919 million units and 4.026 million units respectively, a year-on-year increase of 8.1% and 11.1% respectively.

At the same time, "good news" also came from China's automobile exports. In the first two months, 822,000 automobiles were exported, a year-on-year increase of 30.5%.

　　This year’s government work report proposes to “consolidate and expand the leading advantages of intelligent connected new energy vehicles and other industries” and “boost bulk consumption of intelligent connected new energy vehicles, electronic products, etc.”

In this regard, Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said that he believes that with the further refinement and implementation of relevant policies, it will help to continue to consolidate and expand the stable and positive development trend of the automobile industry, stimulate corporate innovation power, and promote the high-end industry. Quality development helps the automotive industry achieve a good start.

  Data map: Export cars at Shanghai Nangang Terminal.

Photo by Han Jing

Production and sales in January and February were “unevenly hot”

　　Data from the China Automobile Association shows that in January 2024, automobile production and sales completed 2.41 million and 2.439 million units respectively, a year-on-year increase of 51.2% and 47.9% respectively; in February, automobile production and sales completed 1.506 million and 1.584 million units respectively, a month-on-month decrease respectively. 37.5% and 35.1%, a year-on-year decrease of 25.9% and 19.9% ​​respectively.

　　Why does the following phenomenon occur?

Chen Shihua analyzed that February this year experienced a complete Spring Festival holiday, the effective working days were reduced, the manufacturing industry was in the traditional production off-season, corporate production and operations were affected to a certain extent, and market activity overall declined.

At the same time, some demand for car purchases has been released before the Spring Festival, and car production and sales have generally declined compared with January.

　　Chen Shihua also pointed out that automobiles are an industry with outstanding economic performance and are the "ballast stone" for the steady growth of the industrial economy.

Judging from the operation situation from January to February, passenger cars and commercial vehicles continued to operate smoothly, and new energy vehicles and automobile exports continued to perform well.

Looking at the trend, my country's economy as a whole continues to expand, and business expectations are relatively stable.

  Data map: New energy vehicle charging piles.

Photo by China News Service reporter Hou Yu

New energy vehicles market share reaches 30%

　　Data from the China Automobile Association shows that from January to February 2024, the production and sales of new energy vehicles were 1.252 million and 1.207 million respectively, a year-on-year increase of 28.2% and 29.4% respectively, and the market share reached 30%.

　　Affected by this, the market share of Chinese brands that are developing new energy vehicles continues to increase.

From January to February 2024, the sales volume of Chinese brand passenger cars reached 2.066 million units, a year-on-year increase of 26.7%, and the market share reached 59.9%.

　　The above data means that for every 10 new cars sold in the market, 3 are new energy vehicles; at the same time, nearly 6 out of 10 new cars are Chinese brand cars.

  Data map: Automobile manufacturing.

Photo by China News Service reporter Wang Gang

Exports of plug-in hybrid vehicles increased 2.7 times year-on-year

　　Data from the China Association of Automobile Manufacturers shows that from January to February 2024, 148,000 pure electric vehicles were exported, a year-on-year decrease of 7.5%; 34,000 plug-in hybrid vehicles were exported, a year-on-year increase of 2.7 times.

　　According to some industry insiders, compared with pure electric vehicles, plug-in hybrid models that can both refuel and charge can enable car owners to say goodbye to the trouble of "range anxiety" and can be used in a wider range of scenarios.

In the next few years, the market sales of plug-in hybrid vehicles will continue to grow.

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