Economic Operation of China's Automotive Industry in September 2023

In September 2023, China's automobile production and sales reached 2.85 million and 2.858 million units, respectively, with year-on-year growth of 6.6% and 9.5%. Among them, the production and sales of new energy vehicles completed 879,000 and 904,000 units respectively, with year-on-year growth of 16.1% and 27.7%.

1、 China's automobile sales increased by 9.5% year-on-year in September

In September, China's automobile production and sales reached 2.85 million and 2.858 million units, respectively, with year-on-year growth of 6.6% and 9.5%.

From January to September, China's automobile production and sales reached 21.075 million and 21.069 million units, respectively, with year-on-year growth of 7.3% and 8.2%.

（1） China's passenger vehicle sales increased by 6.6% year-on-year in September

In September, China's passenger vehicle production and sales reached 2.496 million and 2.487 million units, respectively, with year-on-year growth of 3.5% and 6.6%.

From January to September, China's passenger vehicle production and sales reached 18.168 million and 18.13 million units, respectively, with year-on-year growth of 5.6% and 6.7%.

（2） Sales of commercial vehicles in China increased by 33.2% year-on-year in September

In September, China's commercial vehicle production and sales reached 354,000 and 371,000 units, respectively, with year-on-year growth of 34.6% and 33.2%.

From January to September, China's commercial vehicle production and sales completed 2.97 million and 2.939 million units respectively, with year-on-year growth of 19.8% and 18.3%, respectively.

2、 Sales of new energy vehicles in China increased by 27.7% year-on-year in September

In September, China's production and sales of new energy vehicles completed 879,000 and 904,000 units respectively, an increase of 16.1% and 27.7% year-on-year; The sales of new energy vehicles accounted for 31.6% of the total sales of new vehicles.

From January to September, China's production and sales of new energy vehicles completed 6.313 million and 6.278 million units respectively, with year-on-year growth of 33.7% and 37.5% respectively; The sales of new energy vehicles accounted for 29.8% of the total sales of new vehicles.

3、 China's automobile exports increased by 47.7% year-on-year in September

In September, the export of complete vehicles reached 444,000 units, a year-on-year increase of 47.7%. The export of 96,000 new energy vehicles increased by 92.8% year-on-year.

From January to September, China exported 3.388 million complete vehicles, a year-on-year increase of 60%. The export of new energy vehicles reached 825,000 units, a year-on-year increase of 1.1 times.

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

Translated by; WONDEE Autoparts

2023/10/27