China's July 2024 Auto Industry Report Stable Operation, New Energy Growth, and Rising Exports
TapTechNews August 12th news, the China Association of Automobile Manufacturers announced the economic operation situation of China's automobile industry in July 2024: the economic operation of the automobile industry is generally stable, with a slight decrease in production and sales in the current month, and the production and sales of new energy vehicles maintain a high-speed growth trend, and the automobile export continues to expand.
TapTechNews attaches the details as follows:
July auto sales decreased by 5.2% year-on-year
In July, the production and sales of automobiles were 2.286 million and 2.262 million respectively, decreasing by 4.8% and 5.2% year-on-year respectively.
From January to July, the production and sales of automobiles were 16.179 million and 16.31 million respectively, increasing by 3.4% and 4.4% year-on-year respectively.
July passenger car sales decreased by 5.1% year-on-year
In July, the production and sales of passenger cars were 2.03 million and 1.994 million respectively, decreasing by 4% and 5.1% year-on-year respectively.
From January to July, the production and sales of passenger cars were 13.917 million and 13.974 million respectively, increasing by 3.9% and 4.5% year-on-year respectively.
July commercial vehicle sales decreased by 6.6% year-on-year
In July, the production and sales of commercial vehicles were 256,000 and 268,000 respectively, decreasing by 10.5% and 6.6% year-on-year respectively.
From January to July, the production and sales of commercial vehicles were 2.262 million and 2.336 million respectively, increasing by 0.4% and 3.5% year-on-year respectively.
July new energy vehicle sales increased by 27% year-on-year
In July, the production and sales of new energy vehicles were 984,000 and 991,000 respectively, increasing by 22.3% and 27% year-on-year respectively; the new car sales of new energy vehicles accounted for 43.8% of the total new car sales.
From January to July, the production and sales of new energy vehicles were 5.914 million and 5.934 million respectively, increasing by 28.8% and 31.1% year-on-year respectively; the new car sales of new energy vehicles accounted for 36.4% of the total new car sales.
July auto export increased by 19.6% year-on-year
In July, the export of complete vehicles was 469,000, increasing by 19.6% year-on-year. The export of new energy vehicles was 103,000, increasing by 2.2% year-on-year.
From January to July, the export of complete vehicles was 3.262 million, increasing by 28.8% year-on-year. The export of new energy vehicles was 708,000, increasing by 11.4% year-on-year.