China's automobile industry production and sales in November 2021

According to the statistical analysis of China Automobile Industry Association, in November 2021, China's automobile production and sales continued to decline year-on-year. Although there is great downward pressure, there are still many bright spots in the industry. Firstly, the market demand for new energy vehicles is still strong, and the production and sales continue to reach a new high. The cumulative output has exceeded 3 million, and the sales volume is close to 3 million. The cumulative sales penetration rate from January to November has increased to 12.7%. At present, consumers are more and more receptive to new energy vehicles, and the new energy vehicle market has shifted from policy driven to market driven; secondly, automobile exports also continued to maintain high-speed growth year-on-year this month; third, the share of Chinese brand passenger cars has maintained growth for 8 consecutive months year-on-year.

In November 2021, China's automobile production and sales reached 2.585 million and 2.522 million respectively, with a month-on-month increase of 10.9% and 8.1%, and a year-on-year decrease of 9.3% and 9.1%. From January to November 2021, China's automobile production and sales were 23.172 million and 23.489 million, with a year-on-year increase of 3.5% and 4.5%, and the growth rate continued to drop slightly compared with that from January to October.

In November 2021, the production and sales of 2.231 million and 2.192 million passenger cars increased by 12.2% and 9.2% month-on-month, with a year-on-year decrease of 4.3% and 4.7%. From January to November 2021, the production and sales of passenger cars were 18.879 million and 19.06 million, with a year-on-year increase of 6.9% and 7.1%.

In November 2021, the production and sales of commercial vehicles were 353,000 and 330,000, with a month-on-month increase of 3.2% and 1.1%, and a year-on-year decrease of 31.9% and 30.3%. From January to November 2021, the production and sales of commercial vehicles were 4.293 million and 4.429 million, with a year-on-year decrease of 9.1% and 5.3%, which was larger than that from January to October.

In November 2021, the market performance of new energy vehicles was still outstanding, and the production and sales volume reached a record high, reaching 457,000 and 450,000 respectively, with a month-on-month increase of 15.1% and 17.3%, and a year-on-year increase of 1.3 times and 1.2 times. From January to November 2021, the production and sales of new energy vehicles reached 3.023 million and 2.99 million respectively, with a year-on-year increase of 1.7 times.

From: China Association of Automobile Manufacturers

Translated by; WONDEE Autoparts

2021/12/14