Economic Operation of China's Automobile Industry in January 2024

In January 2024, China's automobile production and sales reached 2.41 million and 2.439 million respectively, with year-on-year growth of 51.2% and 47.9%. Among them, the production and sales of new energy vehicles reached 787,000 and 729,000 respectively, with year-on-year growth of 85.3% and 78.8%.

1、 China's automobile sales increased by 47.9% year-on-year in January

In January, China's automobile production and sales reached 2.41 million and 2.439 million respectively, with year-on-year growth of 51.2% and 47.9%.

（1） China's passenger vehicle sales increased by 44% year-on-year in January

In January, China's production and sales of passenger vehicles reached 2.083 million and 2.115 million respectively, with year-on-year growth of 49.1% and 44%.

（2） China's commercial vehicle sales increased by 79.6% year-on-year in January

In January, China's production and sales of commercial vehicles reached 327,000 and 324,000 respectively, with year-on-year growth of 66.2% and 79.6%.

2、 China's new energy vehicles sales increased by 78.8% year-on-year in January

In January, China's production and sales of new energy vehicles completed 787,000 and 729,000 units respectively, with year-on-year growth of 85.3% and 78.8%; The sales of new energy vehicles account for 29.9% of the total sales of new vehicles.

3、 China's automobile exports increased by 47.4% year-on-year in January

In January, China's automobile exports reached 443,000 units, with a year-on-year increase of 47.4%. The export of new energy vehicles reached 101,000 units, with a year-on-year increase of 21.7%.

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

Translated by; WONDEE Autoparts

2024/3/4