Shulou(Shulou.com)11/24 Report--

CTOnews.com, September 9, according to data from the China Association of Automobile Manufacturers, auto production and sales completed 239.5 million and 2.383 million vehicles respectively in August, down 2.4% and 1.5% from the previous month, and up 38.3% and 32.1% respectively over the same period last year. From January to August, automobile production and sales completed 1696.7 million and 16.86 million vehicles respectively, an increase of 4.8 per cent and 1.7 per cent respectively over the same period last year, the first double increase in production and sales since the second quarter.

CTOnews.com learned that the China Automobile Association said that in August 2022, automobile production and sales continued to maintain a momentum of rapid growth compared with the same period last year, purchase tax concessions and other consumption policies continued to promote consumption, passenger car consumption stabilized and increased, even if the economy fluctuated, consumption remained tenacious and has gradually returned to normal; commercial vehicle production and sales increased for the first time this year compared with the same period last year; this month, new energy vehicle production and sales and automobile exports reached record highs year-on-year.

As for passenger cars, in August, the production and sales of passenger cars reached 215.7 million and 2.125 million respectively, down 2.4% and 2.3% respectively from the previous month, and an increase of 43.7% and 36.5% respectively over the same period last year. Among them, the domestic sales of traditional fuel vehicles increased by more than 172000 over the same period last year, and the preferential policy of purchase tax implemented by the state continues to show its effect. From January to August, the production and sales of passenger cars reached 1480.3 million and 14.655 million respectively, an increase of 14.7% and 11.7% respectively over the same period last year.

In August, domestic sales of high-end brand passenger cars reached 351000, an increase of 43.5 per cent over the same period last year. Judging from the situation in the past three months, some high-end brands have also been promoted by the purchase tax preferential policy, and the recovery of the market is obvious. From January to August, domestic sales of high-end brand passenger cars reached 2.373 million, an increase of 6.6 per cent over the same period last year.

In terms of new energy vehicles, in August, the production and sales of new energy vehicles reached 691,000 and 666000 respectively, with monthly production and sales reaching another record high, with production and sales increasing by 1.2 times and 100% respectively compared with the same period last year. Of these, the production and sales of pure electric vehicles completed 536,000 and 522000 respectively, an increase of 1.1% and 92.9% respectively over the same period last year; the production and sales of plug-in hybrid vehicles reached 155,000 and 144000 respectively, an increase of 1.7 times and 1.6 times respectively over the same period last year; and the production and sales of fuel cell vehicles completed 97 and 255 respectively, an increase of 1.4% and 5.7% respectively over the same period last year.

From January to August, the production and sales of new energy vehicles reached 3.97 million and 3.86 million respectively, an increase of 1.2 times and 1.1 times respectively over the same period last year. Of these, the production and sales of pure electric vehicles completed 3.11 million and 3.04 million respectively, double that of the same period last year; the production and sales of plug-in hybrid vehicles completed 857 million and 818000 respectively, an increase of 1.9 times and 1.7 times respectively over the same period last year; and 2000 fuel cell vehicles, up 2 times and 1.6 times respectively over the same period last year.

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