Current location:style >>
Nation eyes record year for vehicle sales
style384People have gathered around
IntroductionNew energy vehicles roll off the assembly line of a carmaker in Jinhua, Zhejiang province. [HU XIAOF ...
New energy vehicles roll off the assembly line of a carmaker in Jinhua, Zhejiang province. [HU XIAOFEI/FOR CHINA DAILY]
China's vehicle market is expected to hit a record this year, following a double-digit growth rate in the first 11 months, said the country's leading trade association on Monday.
"Sales are very likely to beat our previous estimate (of a 3 percent year-on-year growth) and set a record," said Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers.
China's vehicle sales peaked in 2017 at 28.88 million units. They fell to 25.31 million units in 2020 but have since started to rebound. Last year, 26.86 million units were delivered.
Sales in 2022 have already been eclipsed by deliveries in the first 11 months of this year, which totaled 26.94 million units, up 10.8 percent year-on-year.
In November, production hit a record 3.09 million units, up 29.4 percent year-on-year, and sales reached 2.97 million units, up 27.4 percent.
The CAAM said the sector's performance last month exceeded its expectations, explaining that the surge was primarily due to car buyers' rush to place orders, partly because of government stimuli and discounts from carmakers, along with a lower comparative base in the same month last year.
New energy vehicles saw even higher growth. For the first time, their production and sales each surpassed 1 million units in November, said the CAAM.
In the first 11 months, such deliveries totaled 8.3 million units, up 36.7 percent year-on-year. As serious choices among car buyers, they accounted for over 30 percent of total vehicle sales in the country over the same period.
Many automakers have experienced rapid growth. Nio sold 15,959 electric vehicles in November, representing a year-on-year increase of around 16 percent.
The New York-listed startup saw its cumulative deliveries from January to November reach over 142,000 units, up 33 percent from the same period last year.
Established automakers are also making headway in the sector. BYD sold 301,378 vehicles last month, bringing its sales so far this year to over 2.67 million units.
BMW Group said earlier this month that its cumulative NEV sales in China to date had reached over 300,000 units.
Great Wall Motor, China's largest SUV and pickup maker, saw its NEV sales in November soar 143 percent year-on-year to hit 31,248 units — the eighth consecutive month the Hebei province-based automaker had seen its NEV sales grow.
In the first 11 months, GWM's total NEV sales hit 232,145 units, up 92 percent from the same period last year.
NEVs are driving China's overall vehicle exports. From January to November, 4.41 million made-in-China vehicles were shipped overseas, of which around 25 percent were EVs and plug-in hybrids.
Zu Sijie, chief engineer at SAIC Motor, said China's rapid rise to prominence in the electric and smart vehicle sector has positioned the country to become the world's leading automotive exporter.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Chronicles news portal”。http://spratlyislands.fivesixgroup.com/article-59a199873.html
Related articles
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
styleBritain has a new sports car. But it's not like anything else you've seen on the road before.Callum, ...
【style】
Read moreAs King Charles' slimmed
styleThere's growing fears amongst royal fans and experts alike that King Charles' idea of a slimmed-down ...
【style】
Read more'Not our stance': Expert advice on mine application riles councillors
styleA view of the western fringe of the proposed Tiga Minerals mining area near Barrytown, with the Cano ...
【style】
Read more
Popular articles
- Jon Wysocki dead at 53: Staind drummer passes away
- Facebook and Instagram down in apparent global outages
- Shocking moment Oakland jewelry shop owner cowers in terror as gang of hammer
- EMMA COWING: A precious glimpse into the Queen's happy home
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- How middle
Latest articles
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
On a wing and a prayer! Watch the nail
Kirsten Dunst says she STILL gets a Christmas cake from Interview With The Vampire co
Sarah Ferguson breaks her silence after being snubbed for a coronation invite by King Charles
What a blast to work at NASA. Space agency is sky
Nicole Brown Simpson documentary in production at Lifetime as 30
LINKS
- Cackling non
- Cackling non
- Animal groups are urging tourists not to visit Wyoming after a man hit a wolf then took it to a bar
- Revealed: The 10 surprising foods experts say you should keep in the fridge
- A man accused in a Harvard bomb threat and extortion plot is sentenced to 3 years probation
- Mississippi legislative leaders swap proposals on possible Medicaid expansion
- Athletes tied to Iowa gambling sting seek damages in civil lawsuit against state and investigators
- Chicago appeals court rejects R. Kelly 's challenge of 20
- Windows 11 users Start Menu will soon have ADVERTS
- Oceanside Pier in San Diego is consumed by huge fire, forcing visitors to evacuate 1954