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Auto Production And Sales Will Exceed 30 Million Units In 2023, And New Energy Vehicles Market Share Will Be 31.6%

2024-01-17


Auto Production And Sales Will Exceed 30 Million Units In 2023, And New Energy Vehicles Market Share Will Be 31.6%


In 2023, my country's automobile production and sales will reach 30.161 million units and 30.094 million units respectively, a year-on-year increase of 11.6% and 12% respectively. Production and sales have ranked first in the world for 15 consecutive years. Among them, the production and sales of new energy vehicles were 9.587 million and 9.495 million respectively, a year-on-year increase of 35.8% and 37.9% respectively, and the market share reached 31.6%.

It is expected that China's total automobile sales will exceed 31 million units in 2024, a year-on-year increase of more than 3%; of which, passenger car sales will be 26.8 million units, a year-on-year increase of 3%; commercial vehicle sales will be 4.2 million units, a year-on-year increase of 4%. In addition, 11.5 million new energy vehicles were sold; 5.5 million vehicles were exported.

"In 2009, China's automobile production and sales both exceeded 10 million units for the first time, becoming the world's largest automobile production and sales country; in 2013, it exceeded 20 million units; in 2017, production and sales reached a stage peak, and then the market declined for three consecutive years and entered a transformation adjustment Period, the "three consecutive declines" ended in 2021 and began to rebound, and now we have finally achieved the goal of exceeding 30 million vehicles." said Chen Shihua, deputy secretary-general of the China Automobile Association.

Data released by the China Association of Automobile Manufacturers (hereinafter referred to as the "China Association of Automobile Manufacturers") shows that in 2023, my country's automobile production and sales will complete 30.161 million units and 30.094 million units respectively, a year-on-year increase of 11.6% and 12% respectively. Production and sales have ranked first for 15 consecutive years. Ranking first in the world; its production and sales in December were 3.079 million and 3.156 million respectively, a year-on-year increase of 29.2% and 23.5% respectively.

In the last month of 2023, automakers in China shipped 499,000 vehicles to overseas markets, which ticked up 3.5% from the previous month and surged 54.3% from the previous year. Among which, around 111,000 units were NEVs, representing a 15.2% month-on-month increase and a 36.5% year-on-year jump.

Throughout the year, there were 4.91 million vehicles sold outside of China, spiking 57.9% from the year-ago period. NEV accounted for roughly 14.51% of the annual export volume, which came in at about 1.203 million units, soaring 77.6% year on year.

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