Economic Operation of China's Automobile Industry in April 2024

In April 2024, China's automobile production and sales reached 2.406 million and 2.359 million respectively, with year-on-year growth of 12.8% and 9.3%. Among them, the production and sales of new energy vehicles reached 870,000 and 850,000 respectively, with year-on-year growth of 35.9% and 33.5%.

1、 In April, China's automobile sales increased by 9.3% year-on-year

In April, China's automobile production and sales reached 2.406 million and 2.359 million respectively, with year-on-year growth of 12.8% and 9.3%.

From January to April, China's automobile production and sales reached 9.012 million and 9.079 million respectively, with year-on-year growth of 7.9% and 10.2%.

（1） In April, China's passenger vehicle sales increased by 10.5% year-on-year

In April, China's production and sales of passenger vehicles reached 2.048 million and 2.001 million respectively, with year-on-year growth of 15.2% and 10.5%.

From January to April, China's production and sales of passenger vehicles reached 7.658 million and 7.689 million, respectively, with year-on-year growth of 8.6% and 10.6%.

（2） In April, China's commercial vehicle sales increased by 2.8% year-on-year

In April, China's commercial vehicle production and sales reached 358,000 and 357,000 units respectively, with year-on-year growth of 0.8% and 2.8%.

From January to April, China's production and sales of commercial vehicles reached 1.354 million and 1.39 million respectively, with year-on-year growth of 3.9% and 8.1%, respectively.

2、 China's sales of new energy vehicles increased by 33.5% year-on-year in April

In April, China's production and sales of new energy vehicles reached 870,000 and 850,000 respectively, with year-on-year growth of 35.9% and 33.5% respectively; The sales of new energy vehicles account for 36% of the total sales of new vehicles.

From January to April, China's production and sales of new energy vehicles reached 2.985 million and 2.94 million respectively, with year-on-year growth of 30.3% and 32.3%, respectively; The sales of new energy vehicles account for 32.4% of the total sales of new vehicles.

3、 In April, China's automobile exports increased by 34% year-on-year

In April, China's automobile exports reached 504,000 units, with a year-on-year increase of 34%. The export of new energy vehicles reached 114,000 units, with a year-on-year increase of 13.3%.

From January to April, China's automobile exports reached 1.827 million units, with a year-on-year increase of 33.4%. The export of new energy vehicles reached 421,000 units, with a year-on-year increase of 20.8%.

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

Translated by; WONDEE Autoparts

2024/6/3