Auto & Transportation

From January to October, automobile production and sales were 20.587 million vehicles and 20.97 million vehicles, an increase of 5.4% and 6.4% year-on-year. The growth rate continued to drop slightly from January to September.

u3000u3000 In terms of passenger vehicles, in October 2021, the production and sales of passenger vehicles were 1.988 million and 2.007 million, a month-on-month increase of 12.5% and 14.6%, and a year-on-year decrease of 4.7% and 5.0%. Among the main types of passenger vehicles, compared with the previous month, the production and sales of the four types of passenger vehicles all increased, and the growth rate of cross-type passenger vehicles was more obvious; compared with the same period last year, the four types of passenger vehicles Variety production and sales continued to decline. From January to October, passenger vehicle production and sales were 16.648 million and 16.871 million, an increase of 8.6% and 8.8% year-on-year.

u3000u3000 In terms of commercial vehicles, in October 2021, the production and sales of commercial vehicles were 342,000 and 326,000, a month-on-month increase of 10.0% and 2.5%, and a year-on-year decrease of 26.9% and 29.7%. Among the main types of commercial vehicles, the production and sales of trucks have increased compared with the previous month, while the sales of passenger cars have declined; compared with the same period of the previous year, the production and sales of trucks and buses have both declined, and the decline of trucks has been more pronounced.

In terms of new energy vehicles, in October 2021, the overall new energy vehicle market continued to perform well. Production and sales continued to grow month-on-month and year-on-year, and production and sales reached a record high, reaching 397,000 and 383,000, respectively, an increase of 12.5% and 7.2%, with a year-on-year growth of 1.3 times. Among the main types of new energy vehicles, the production and sales of pure electric and plug-in hybrid vehicles continued to grow compared with the previous month; compared with the same period last year, the production and sales of pure electric and plug-in hybrid vehicles continued to increase rapidly. From January to October, the production and sales of new energy vehicles reached 2.566 million and 2.542 million respectively, a year-on-year increase of 1.8 times. Among the main varieties of new energy vehicles, the production and sales of pure electric and plug-in hybrid vehicles have also continued to grow rapidly compared with the same period last year.

Chen Shihua, Deputy Secretary-General of the China Automobile Association, said that in October, driven by passenger cars, the decline in automobile production and sales was significantly narrowed; although the chip supply situation was slightly better than in the third quarter, the overall supply was still in short supply; under the pressure of factors such as continued high prices of raw materials , The annual auto production and sales will increase slightly over last year, but lower than expected.

u3000u3000 Despite the high pressure on automobile production and sales, there are still bright spots in the industry. Chen Shihua mentioned that the production and sales of new energy vehicles have reached new highs. The monthly production and sales have reached the level of 400,000 vehicles. The penetration rate continued to increase to 12.1% from January to October. At the same time, driven by the recovery of overseas markets and the growth of new energy vehicle exports, vehicle exports in October set another historical record.