Economic Operation of Automobile Industry in November 2022

In November 2022, China's automobile production and sales were slightly weak, and the overall situation was less than expected. However, the production and sales of new energy vehicles continued to maintain a growth trend, completing 768,000 and 786,000 vehicles respectively, with a year-on-year increase of 65.6% and 72.3% respectively.

1、 China's auto sales fell by 7.9% year-on-year in November

In November, China's automobile production and sales reached 2.386 million and 2.328 million, with a year-on-year decrease of 7.9% respectively.

From January to November, China's automobile production and sales were 24.628 million and 24.302 million, with a year-on-year increase 6.1% and 3.3% respectively.

1） China's passenger vehicle sales fell by 5.6% year-on-year in November

In November, China’s production and sales of passenger vehicles were 2.151 million and 2.075 million, with a year-on-year decrease of 3.9% and 5.6% respectively.

From January to November, China’s production and sales of passenger vehicles were 21.702 million and 21.292 million, with a year-on-year increase of 14.7% and 11.5% respectively.

2） China's commercial vehicle sales fell by 23.4% year-on-year in November

In November, China’s production and sales of commercial vehicles were 235,000 and 253,000, with a year-on-year decrease of 33.4% and 23.4% respectively.

From January to November, China's production and sales of commercial vehicles were 2.927 million and 3.01 million, with a year-on-year decrease of 31.9% and 32.1% respectively.

2、 China's new energy vehicles sales increased by 72.3% year-on-year in November

In November, China's production and sales of new energy vehicles were 768,000 and 786,000, with a year-on-year increase of 65.6% and 72.3% respectively, and the market share reached 33.8%.

From January to November, China's production and sales of new energy vehicles were 6.253 million and 6.067 million respectively, with a year-on-year increase of twice and a market share of 25%.

3、 China's auto exports increased by 64.8% year-on-year in November

In November, China exported 329,000 vehicles, with a year-on-year of increase of 64.8%. And 95,000 new energy vehicles were exported, with a year-on-year of increase of 1.5 times.

From January to November, China exported 2.785 million vehicles, with a year-on-year of increase of 55.3%. The export of new energy vehicles was 593,000, with a year-on-year increase of twice.

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

Translated by; WONDEE Autoparts

2023/1/14