Economic Operation of China's Automotive Industry in July 2023

In July 2023, China's automobile production and sales reached 2.401 million and 2.387 million units, respectively, with a year-on-year decrease of 2.2% and 1.4%. Among them, the production and sales of new energy vehicles reached 805,000 and 780,000 units respectively, with year-on-year growth of 30.6% and 31.6%, respectively.

1，China's automobile sales decreased by 1.4% year-on-year in July

In July, China's automobile production and sales reached 2.401 million and 2.387 million units, respectively, with a year-on-year decrease of 2.2% and 1.4%.

From January to July, China's automobile production and sales reached 15.65 million and 15.626 million units, respectively, with year-on-year growth of 7.4% and 7.9%.

（1） China's passenger vehicle sales decreased by 3.4% year-on-year in July

In July, China's passenger vehicle production and sales completed 2.115 million and 2.1 million units respectively, with a year-on-year decrease of 4.3% and 3.4%, respectively.

From January to July, China's passenger vehicle production and sales reached 13.397 million and 13.368 million units, respectively, with a year-on-year increase of 6% and 6.7%.

（2） Commercial vehicle sales in China increased by 16.8% year-on-year in July

In July, China's commercial vehicle production and sales reached 286000 and 287000 units, respectively, with year-on-year growth of 17% and 16.8%.

From January to July, China's commercial vehicle production and sales reached 2.253 million and 2.258 million units respectively, with an increase of 16.9% and 15.9% year-on-year.

2、 Sales of new energy vehicles in China increased by 31.6% year-on-year in July

In July, China's production and sales of new energy vehicles completed 805,000 and 780,000 units respectively, with year-on-year growth of 30.6% and 31.6% respectively; The sales of new energy vehicles accounted for 32.7% of the total sales of new vehicles.

From January to July, China's production and sales of new energy vehicles completed 4.591 million and 4.526 million respectively, with year-on-year growth of 40% and 41.7% respectively; The sales of new energy vehicles account for 29% of the total sales of new vehicles.

3、 China's automobile exports increased by 35.1% year-on-year in July

In July, China exported 392,000 complete vehicles, with a year-on-year increase of 35.1%. Export of 101,000 new energy vehicles, with a year-on-year increase of 87%.

From January to July, China exported 2.533 million complete vehicles, with a year-on-year increase of 67.9%. The export of new energy vehicles reached 636,000 units, with a year-on-year increase of 1.5 times.

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

Translated by; WONDEE Autoparts

2023/9/5