China Association of Automobile Manufacturers: Economic Operation of the Automobile Industry in November 2022

In November 2022 , China's automobile production and sales were slightly weak, and the overall performance was lower than expected, but the production and sales of new energy vehicles continued to grow, reaching 768,000 and 786,000 units respectively, up 65.6% and 72.3% year-on-year respectively .

1. Auto sales in November fell 7.9% year-on-year

In November , automobile production and sales reached 2.386 million and 2.328 million respectively, both down 7.9% year-on-year .

From January to November , automobile production and sales reached 24.628 million and 24.302 million respectively, up 6.1% and 3.3% year-on-year respectively .

1. Passenger car sales in November fell 5.6% year-on-year

In November , the production and sales of passenger cars reached 2.151 million and 2.075 million respectively, down 3.9% and 5.6% year-on-year respectively .

From January to November , the production and sales of passenger cars reached 21.702 million and 21.292 million respectively, up 14.7% and 11.5% year-on-year respectively .

2. Commercial vehicle sales in November fell 23.4% year-on-year

In November , the production and sales of commercial vehicles reached 235,000 and 253,000 respectively , down 33.4 % and 23.4% year-on-year respectively .

From January to November , the production and sales of commercial vehicles reached 2.927 million and 3.01 million respectively, down 31.9% and 32.1% year-on-year respectively .

2. Sales of new energy vehicles in November increased by 72.3% year-on-year

In November , the production and sales of new energy vehicles reached 768,000 and 786,000 respectively , up 65.6 % and 72.3% year-on-year respectively , and the market share reached 33.8% .

From January to November , the production and sales of new energy vehicles reached 6.253 million and 6.067 million respectively, both increasing by 100 % year-on-year, and the market share reached 25% .

3. From January to November , the operating income of the automobile manufacturing industry increased by 8.1% year-on-year

From January to November , the added value of the automobile manufacturing industry increased by 7.7% year-on-year ; the operating income reached 8372.61 billion yuan, an increase of 8.1% year-on-year ; and the profit reached 476.3 billion yuan, an increase of 0.3% year-on-year .

IV. Automobile exports in November increased by 64.8% year-on-year

In November , 329,000 vehicles were exported , a year-on-year increase of 64.8% . 95,000 new energy vehicles were exported , a year-on-year increase of 1.5 times.

From January to November , the export of automobiles reached 2.785 million, a year-on-year increase of 55.3% . The export of new energy vehicles reached 593,000 , a year-on-year increase of 100 %.

(Note: The above data comes from the China Association of Automobile Manufacturers.)

Source: Equipment Industry Department I, Ministry of Industry and Information Technology