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Recently, the First Department of Equipment Industry of the Ministry of Industry and Information Technology released the "Economic Operation of the Automotive Industry in October 2022", according to data from the China Association of Automobile Manufacturers, in October 2022, China's automobile production and sales continued to maintain a growth trend, completing 2.
599 million units and 2.
505 million units, respectively, an increase of 11.
1% and 6.
9% year-on-year; Among them, NEV production totaled 762,000 units, up 87.
6% y/y, and sales totaled 714,000 units, up 81.
7% y/y
.
In October, vehicle production totaled 2.
599 million units, up 11.
1% y/y, and sales totaled 2.
505 million units, up 6.
9%
y/y.
From January to October, vehicle production totaled 22.
242 million units, up 7.
9% y/y, and sales totaled 21.
975 million units, up 4.
6%
y/y.
In October, passenger car production totaled 2.
334 million units, up 16.
9% y/y, and sales totaled 2.
231 million units, up 10.
7%
y/y.
From January to October, passenger car production totaled 19.
551 million units, up 17.
3% y/y, and sales totaled 19.
218 million units, up 13.
7%
y/y.
In October, commercial vehicle production totaled 265,000 units, down 22.
7% y/y, and sales totaled 273,000 units, down 16.
2%
y/y.
From January to October, commercial vehicle production totaled 2.
691 million units, down 31.
7% y/y, and sales totaled 2.
757 million units, down 32.
8%
y/y.
In October, NEV production totaled 762,000 units, up 87.
6% y/y, and sales totaled 714,000 units, up 81.
7% y/y, and achieved a market share of 28.
5%.
From January to October, NEV production and sales totaled 5.
485 million units, up 1.
1 times y/y, and its market share reached 24%.
From January to September, the added value of the automobile manufacturing industry increased by 6.
9% year-on-year; The operating income was 6,608.
51 billion yuan, a year-on-year increase of 6.
7%; The profit was 370.
68 billion yuan, down 1.
9%
year-on-year.
Vehicle exports in October reached 337,000 units, up 46%
y/y.
Exports of new energy vehicles reached 109,000 units, up 81.
2%
y/y.
From January to October, vehicle exports totaled 2.
456 million units, up 54.
1%
y/y.
Exports of new energy vehicles reached 499,000 units, up 96.
7%
y/y.
Recently, the First Department of Equipment Industry of the Ministry of Industry and Information Technology released the "Economic Operation of the Automotive Industry in October 2022", according to data from the China Association of Automobile Manufacturers, in October 2022, China's automobile production and sales continued to maintain a growth trend, completing 2.
599 million units and 2.
505 million units, respectively, an increase of 11.
1% and 6.
9% year-on-year; Among them, NEV production totaled 762,000 units, up 87.
6% y/y, and sales totaled 714,000 units, up 81.
7% y/y
.
In October, vehicle production totaled 2.
599 million units, up 11.
1% y/y, and sales totaled 2.
505 million units, up 6.
9%
y/y.
From January to October, vehicle production totaled 22.
242 million units, up 7.
9% y/y, and sales totaled 21.
975 million units, up 4.
6%
y/y.
In October, passenger car production totaled 2.
334 million units, up 16.
9% y/y, and sales totaled 2.
231 million units, up 10.
7%
y/y.
From January to October, passenger car production totaled 19.
551 million units, up 17.
3% y/y, and sales totaled 19.
218 million units, up 13.
7%
y/y.
In October, commercial vehicle production totaled 265,000 units, down 22.
7% y/y, and sales totaled 273,000 units, down 16.
2%
y/y.
From January to October, commercial vehicle production totaled 2.
691 million units, down 31.
7% y/y, and sales totaled 2.
757 million units, down 32.
8%
y/y.
In October, NEV production totaled 762,000 units, up 87.
6% y/y, and sales totaled 714,000 units, up 81.
7% y/y, and achieved a market share of 28.
5%.
From January to October, NEV production and sales totaled 5.
485 million units, up 1.
1 times y/y, and its market share reached 24%.
From January to September, the added value of the automobile manufacturing industry increased by 6.
9% year-on-year; The operating income was 6,608.
51 billion yuan, a year-on-year increase of 6.
7%; The profit was 370.
68 billion yuan, down 1.
9%
year-on-year.
Vehicle exports in October reached 337,000 units, up 46%
y/y.
Exports of new energy vehicles reached 109,000 units, up 81.
2%
y/y.
From January to October, vehicle exports totaled 2.
456 million units, up 54.
1%
y/y.
Exports of new energy vehicles reached 499,000 units, up 96.
7%
y/y.
