Brief Introduction of The Production and Sales of China's Automobile Industry in May 2022

In May, 2022, affected by favorable factors, China's automobile production and sales showed significant recovery growth in May. The domestic multiple sporadic COVID-19 epidemic has been effectively controlled, and the economic prosperity level has been improved compared with that in April. Since late May, the Chinese government has successively introduced a series of policies and measures to promote consumption and stabilize growth. The policies are inclusive and have played a good role in promoting the economy to return to the normal track and ensuring that it operates within a reasonable range. At the same time, the local governments responded positively and issued a variety of supporting policies to promote automobile consumption, which greatly activated the market. In addition, through the efforts of the automobile industry, the pace of resumption of work and production has been significantly accelerated, and the supply chain of the automobile industry chain has been gradually unblocked.

In May 2022, China's automobile production and sales reached 1.926 million and 1.862 million respectively, with a month-on-month growth of 59.7% and 57.6% respectively, and a year-on-year decrease of 5.7% and 12.6% respectively.

From January to may 2022, China's automobile production and sales reached 9.618 million and 9.555 million respectively, with a year-on-year decrease of 9.6% and 12.2% respectively.

In May, 2022, China's production and sales of passenger vehicles reached 1.701 million and 1.623 million respectively, with a month-on-month increase of 70.8% and 68.2% respectively, with a year-on-year increase of 5.2% in output and a year-on-year decrease of 1.4% in sales.

From January to May of 2022, China's production and sales of passenger cars reached 8.196 million and 8.133 million respectively, with a year-on-year decrease of 1.1% and 3.6% respectively.

In May 2022, China's commercial vehicles production and sales reached 225,000 and 239,000 respectively, with a month-on-month growth of 7.2% and 10.4% respectively; a year-on-year decrease of 47.0% and 50.5% respectively.

From January to may 2022, China's commercial vehicles production and sales reached 1,422,000 and 1,421,000 respectively, with a year-on-year decrease of 39.4% and 41.9% respectively.

In May, 2022, China's production and sales of new energy vehicles reached 466,000 and 447,000 respectively, with a year-on-year increase of 1.1 times, and the market share reached 24%.

From January to may 2022, China's production and sales of new energy vehicles reached 2.071 million and 2.003 million respectively, with a year-on-year increase of 1.1 times.

(Note: the above data were from China Association of Automobile Manufacturers)

From: China Association of Automobile Manufacturers

Translated by; WONDEE Autoparts

2022/6/28