Economic Operation of China's Automobile Industry in November 2023

In November 2023, China's automobile production and sales reached 3.093 million and 2.97 million respectively, with year-on-year growth of 29.4% and 27.4%. Among them, the production and sales of new energy vehicles reached 1.074 million and 1.026 million respectively, with year-on-year growth of 39.2% and 30%.

1、 China's automobile sales increased by 27.4% year-on-year in November

In November, China's automobile production and sales reached 3.093 million and 2.97 million respectively, with year-on-year growth of 29.4% and 27.4%.

From January to November, China's automobile production and sales reached 27.111 million and 26.938 million, respectively, with a year-on-year increase of 10% and 10.8%.

（1） China's passenger vehicle sales increased by 25.3% year-on-year in November

In November, China's production and sales of passenger vehicles reached 2.705 million and 2.604 million respectively, with year-on-year growth of 25.6% and 25.3%.

From January to November, China's production and sales of passenger vehicles reached 23.441 million and 23.272 million, respectively, with a year-on-year increase of 8% and 9.3%.

（2） In November, China's sales of commercial vehicles increased by 44.6% year-on-year

In November, China's production and sales of commercial vehicles reached 388,000 and 366,000 respectively, with year-on-year growth of 64.9% and 44.6%.

From January to November, China's production and sales of commercial vehicles reached 3.671 million and 3.666 million, respectively, with a year-on-year increase of 25.4% and 21.8%.

2、 In November, sales of new energy vehicles in China increased by 30% year-on-year

In November, China's production and sales of new energy vehicles reached 1.074 million and 1.026 million respectively, with year-on-year growth of 39.2% and 30%; The sales of new energy vehicles account for 34.5% of the total sales of new vehicles.

From January to November, China's production and sales of new energy vehicles reached 8.426 million and 8.34 million, respectively, with a year-on-year increase of 34.5% and 36.7%; The sales of new energy vehicles account for 30.8% of the total sales of new vehicles.

3、 China's automobile exports increased by 46.3% year-on-year in November

In November, China's automobile exports reached 482,000 units, a year-on-year increase of 46.3%. The export of new energy vehicles reached 97,000 units, with a year-on-year increase of 1.6%.

From January to November, China's automobile exports reached 4.412 million units, a year-on-year increase of 58.4%. The export of new energy vehicles reached 1.091 million units, a year-on-year increase of 83.5%.

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

Translated by; WONDEE Autoparts

2024/1/2