In the January-September period this year, production and sales of automotive vehicles in China amounted to 21.075 million units and 21.069 million units, increasing by 7.3 percent and 8.2 percent year on year, respectively, according to the China Association of Automobile Manufacturers (CAAM).
In the January-September period this year, production and sales of passenger vehicles reached 18.168 million units and 18.13 million units, up 5.6 percent and 6.7 percent year on year, respectively.
In the January-September period this year, production and sales of commercial vehicles reached 2.907 million units and 2.939 million units, up 19.8 percent and 18.3 percent year on year, respectively.
In the first nine months, production and sales of new energy vehicles (NEVs) totaled 6.313 million units and 6.278 million units, up 33.7 percent and 37.5 percent year on year, respectively, with the market share reaching 29.8 percent in the given period.
In the first nine months this year, China’s vehicle export volume totaled 3.388 million units, up 60.0 percent year on year.
In September alone, production and sales of automotive vehicles in China totaled 2.85 million units and 2.858 million units, both up 10.7 percent month on month, while up 6.6 percent and 9.5 percent year on year, respectively.
In September, production and sales of passenger vehicles totaled 2.496 million units and 2.487 million units, up 9.7 percent and 9.4 percent month on month, while rising by 3.5 percent and 6.6 percent year on year, respectively.
In September, production and sales of commercial vehicles totaled 354,000 units and 371,000 units, up 17.9 percent and 19.8 percent month on month, while rising by 34.6 percent and 33.2 percent year on year, respectively.
In the given month, production and sales of NEVs amounted to 879,000 units and 904,000 units, up 16.1 percent and 27.7 percent year on year, respectively, with the market share reaching 31.6 percent in the given month.
In addition, in September, China’s vehicle export volume amounted to 444,000 units, up nine percent month on month, while increasing by 47.7 percent year on year.
In particular, the export growth of NEVs was significantly higher than that of traditional fuel-driven vehicles, for instance, China’s NEVs export volume totaled 96,000 units, up 92.8 percent year on year.
Xu Haidong, deputy chief engineer of CAAM, stated, “China’s vehicle sales growth and sales volume will exceed the expected target of three percent and 27.6 million units set at the beginning of this year, while vehicle sales will likely be higher than the highest level of 28.879 million units recorded in 2017, likely reaching 29 million units. Moreover, the vehicle export volume may amount to 4.5 million units, which will drive the vehicle market to another peak this year.”
At the same time, “the sales target for NEVs was set as 9 million units at the beginning of the current year, signaling the monthly NEVs sales need to exceed 900,000 units in the remaining three months, which could be achieved,” according to Chen Shihua, vice-secretary general of CAAM.