Production And Sales Situation of China's Automotive Industry in November 2023

According to statistics and analysis from the China Association of Automobile Manufacturers, in November 2023, China's automobile production and sales both achieved year-on-year growth, with passenger cars continuing to maintain a good trend, commercial vehicles maintaining rapid growth, and new energy vehicles and automobile exports leading the industry's growth.

In November 2023, China's automobile production and sales reached 3.093 million and 2.97 million respectively, with a month-on-month increase of 7% and 4.1%, and a year-on-year increase of 29.4% and 27.4%, respectively.

From January to November 2023, 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%, and growth rates increased by 2 and 1.7 percentage points compared to January to October.

In November 2023, China's automobile production and sales reached 3.093 million and 2.97 million respectively, with a month-on-month increase of 7% and 4.1%, and a year-on-year increase of 29.4% and 27.4%, respectively.

From January to November 2023, 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%, and growth rates increased by 2 and 1.7 percentage points compared to January to October.

In November 2023, China's production and sales of commercial vehicles reached 388,000 and 366,000 respectively, with a month-on-month increase of 2.6% and 0.3%, respectively; The year-on-year growth was 64.9% and 44.6% respectively.

From January to November 2023, 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%.

In November 2023, 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%.

From January to November 2023, China's production and sales of new energy vehicles reached 8.426 million and 8.34 million respectively, with year-on-year growth of 34.5% and 36.7%.

In November 2023, China's domestic sales of automobiles reached 2.488 million units, with an increase of 5.2% month-on-month and 24.3% year-on-year.

From January to November 2023, China's domestic sales of automobiles reached 22.526 million units, with a year-on-year increase of 4.7%.

In November 2023, China's automobile exports reached 482,000 units, with a decrease of 1.1% month-on-month and a year-on-year increase of 46.3%.

From January to November 2023, China's automobile exports reached 4.412 million units, with a year-on-year increase of 58.4%.

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

Translated by; WONDEE Autoparts

2024/1/10