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

CTOnews.com, October 11, according to the passenger Union, retail sales in the passenger car market reached 1.922 million in September 2022, an increase of 21.5% over the same period last year, and retail sales grew 2.8% in September compared with the same period last year, with a month-on-month growth rate at a low level in nearly 20 years. Retail sales totaled 14.875 million vehicles from January to September, an increase of 2.4 percent over the same period last year and a net increase of 355000 vehicles over the same period last year, including a net increase of 1.43 million vehicles from June to September.

CTOnews.com learned that wholesale sales of new energy passenger cars reached 675000 in September, up 94.9% from a year earlier and 6.2% from a month earlier. From January to September, 4.341 million new energy passenger vehicles were wholesale, an increase of 115.4% over the same period last year. Retail sales of new energy passenger cars reached 611000 in September, an increase of 82.9% over the same period last year, and an increase of 14.7% from January to September. From January to September, there were 3.877 million domestic retail sales of new energy passenger vehicles, an increase of 113.2% over the same period last year.

The domestic retail penetration rate of new energy vehicles in September was 31.8%, up 11 percentage points from 21.1% in September 2021. In September, the penetration rate of new energy vehicles in independent brands was 55.2%; that of luxury cars was 29.7%; and that of new energy vehicles in mainstream joint venture brands was only 4.2%. In terms of monthly domestic retail share, the retail share of mainstream independent brands of new energy vehicles in September was 67%, up 9.2% from the same period last year; the share of joint venture brand new energy vehicles was 5.7%, down 3.3% from the same period last year; the share of new power was 14.6%, down 2.9% from the same period last year; Tesla's share was 12.7%, down 2.9%.

In September, 44000 new energy passenger vehicles were exported. With the support of the policy of resuming work and production under the epidemic, Chinese-made new energy product brands are increasingly going abroad. With the continuous improvement of overseas recognition and the improvement of the service network, the market outlook continues to improve. In September, the new energy exports of various car companies are as follows: 15509 SAIC passenger vehicles, 7736 BYD vehicles, 5522 from Tesla China, 4123 from SAIC-GM Wuling, 2364 from Geely, 1583 from DPCA, 1419 from Dongfeng Egett, 1266 from Dongfeng Xiaokang, 1149 from Skyworth, 796 from Great Wall, 715 from Acci, 483 from Dongfeng passenger cars, 475 from FAW Red Flag and 404 from Jianghuai Automobile.

The new energy passenger car market hit an all-time high in September. BYD's pure electric and plug-in twin drive strategy has consolidated the leading position of independent brands in new energy; traditional car companies represented by Chery Group and GAC GROUP have performed very well in the new energy sector. In terms of product launch, with the multi-line development of independent car companies on the new energy route, the market base continues to expand, and 15 manufacturers have wholesale sales exceeding 10,000 vehicles (1 down from the previous month, an increase of 7 over the same period last year), accounting for 83.2% of the total new energy passenger vehicles. Among them: 200973 BYD, 83135 Tesla China, 52377 SAIC-GM Wuling, 39227 Geely, 30016 GAC-EA, 28574 Changan, 23433 SAIC passenger vehicles, 20508 Chery, 18005, 11,531 ideal, 11,039 zero-running, 10,878 Lilai, 10,770 FAW-Volkswagen, 10,368 Great Wall and 10101 Jinkang New Energy.

In September, New Power's retail share was 13.5%, down 3.4 percentage points from the same period last year. Nezha, ideal, Zero, Weilai, Xiaopeng, Weima and other new power car companies are still relatively strong year-on-year and month-on-month performance. In particular, Nezha and Zero of the second camp have strong performance, which is also the advantage of market segmentation. Among the mainstream joint venture brands, North and South Volkswagen is strong in the lead, with 16383 new energy vehicles wholesale, accounting for 51% of the mainstream joint venture pure electric. Volkswagen's firm electric transformation strategy is beginning to bear fruit. Other joint ventures and luxury brands still need to be launched.

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