Auto & Transportation

According to customs data, in November this year, China's automobile exports maintained a momentum of growth, and new energy vehicles continued to hit a new record high.

According to the customs data, in November, the production and sales of automobiles reached 2.386 million and 2.328 million respectively, down 8.2% and 7.1% month on month, down 7.9% year on year. Compared with last year and the year before last, auto production and sales were slightly weak, and there was no tail raising phenomenon at the end of the previous year.

From January to November, the production and sales of automobiles were 24.628 million and 24.302 million, up 6.1% and 3.3% year on year respectively. The growth rate from January to November was significantly lower than that from January to October, down 1.8 and 1.3 percentage points respectively.

China's share of self owned brand passenger cars continued to expand, reaching 54.4%. In November, the sales volume of Chinese brand passenger cars was 1.129 million, up 9.8% year on year; The market share was 54.4%, up 7.6 percentage points.

From January to November, the sales volume of Chinese brand passenger cars was 10.479 million, with a year-on-year growth of 24.2%; The market share was 49.2%, up 5 percentage points.

New energy vehicles continued to hit new historical highs. In November, the production and sales of new energy vehicles were 768000 and 786000, up 65.6% and 72.3% year on year, respectively, with a market share of 33.8%. From January to November, the production and sales of new energy vehicles were 6.253 million and 6.067 million respectively, a double year-on-year growth, and the market share reached 25%.

According to customs data, in terms of exports, in November, auto enterprises exported 329000 vehicles, a decrease of 2.5% month on month and a year-on-year increase of 64.8%. 95000 new energy vehicles were exported, down 13.2% month on month and up 1.5 times year on year.

According to customs data, from January to November, automobile enterprises exported 2.785 million vehicles, up 55.3% year on year. According to customs data, 593000 new energy vehicles were exported, a year-on-year increase of 1 time.

In terms of power battery loading, in November, China's power battery loading was 34.3kWh, up 64.5% year on year and 12.2% month on month. Among them, the loading amount of ternary battery is 11.0 GWh, accounting for 32.2% of the total, with a year-on-year growth of 19.5% and a month on month growth of 2.0%; The loading amount of iron phosphate battery was 23.1 GWh, accounting for 67.4% of the total, with a year-on-year increase of 99.5% and a month on month increase of 17.4%.

From January to November, the cumulative loading of power batteries in China was 258.5GWh, with a year-on-year growth of 101.5%. Among them, the accumulative installed volume of ternary battery is 99.0 GWh, accounting for 38.3% of the total installed volume, with an accumulative year-on-year growth of 56.5%; The cumulative installed volume of lithium iron phosphate battery was 159.1GWh, accounting for 61.5% of the total installed volume, with a cumulative year-on-year growth of 145.5%.

For the future, CAAC predicts that the total sales volume of automobiles in 2022 will be 26.8 million, up 2% year on year; The sales volume of passenger cars was 23.5 million, up 9.4% year on year; 3.3 million commercial vehicles, down 35.3% year on year; 6.7 million new energy vehicles, up 90.3% year on year.

CAAC also predicted that the total sales volume of automobiles in 2023 would be 27.6 million, up 3% year on year; Including 23.8 million passenger cars, up 1.3% year on year; 3.8 million commercial vehicles, up 15% year on year; 9 million new energy vehicles, up 35% year on year.

The China Automobile Association said that at present, China's automobile industry is in the key window period of transformation and upgrading, and the stability and health of the consumer market is crucial to promoting the high-quality development of the industry. The automobile market still needs continuous policy promotion, including the suggestion that the preferential policies of traditional fuel vehicle purchase tax and relevant local consumption promotion policies in 2023 can be continued, so as to further tap and further release the potential of automobile consumption, drive the industrial development and help the stable operation of the economy.