According to the data released by the China Association of Automobile Manufacturers on December 11, in November, the domestic production and sales of new energy vehicles exceeded 100,000 vehicles, and the monthly production and sales volume reached a record high. Among them, new energy passenger vehicles sold 83,000 vehicles. Assistant Secretary-General Xu Haidong of China Automobile Association told the China Securities Journal reporter: “It is expected that the sales target for 700,000 new energy vehicles can be achieved in the whole year. It is estimated that in 2018, the sales of new energy vehicles will exceed 1 million.â€
New energy car sales record high
According to the data released by the China Automobile Association, in November, the production and sales of automobiles all increased year-on-month, and the growth rate was slightly lower than the previous year. In the same month, the production and sales of automobiles reached 3.08 million and 2.985 million vehicles, respectively, a year-on-year increase of 18.7% and 9.7% respectively; they were up 2.3% and 0.7% year-on-year respectively. From January to November, automobile production and sales completed 25.919 million vehicles and 25.845 million vehicles respectively, an increase of 3.9% and 3.6% year-on-year respectively.
The rapid growth of new energy vehicles has become a bright spot. In November, the production and sales volume of new energy vehicles both exceeded 100,000 units, completing 122,000 units and 119,000 units, respectively, an increase of 70.1% and 83% year-on-year respectively, and the monthly production and sales volume reached a record high. Among them, the sales of pure electric vehicles were 102,000, an increase of 74.8% year-on-year; the production and sales of plug-in hybrid vehicles all completed 17,000, an increase of 154% year-on-year. In November, monthly sales of new energy passenger vehicles hit a record high of 83,000 vehicles, an increase of 80.4% over the same period of last year; sales of new energy commercial vehicles were 36,000, an increase of 89.5% over the same period of last year.
From January to November, the production and sales of new energy vehicles completed 639,000 and 609,000 vehicles, respectively, an increase of 49.7% and 51.4% year-on-year respectively. Among them, the production and sales of pure electric vehicles were completed 533,000 and 504,000 respectively, an increase of 56.6% and 59.4% year-on-year respectively; the production and sales of plug-in hybrid vehicles were completed 107,000 and 105,000, respectively, an increase of 22.5% and 21.8% respectively. .
Xu Haidong told the China Securities Journal reporter: “According to the current growth rate, the annual sales target of 700,000 new energy vehicles should be achieved. It is predicted that the sales growth of new energy vehicles will maintain at 40%-50% in 2018, and new energy vehicle sales will be sold next year. Will exceed 1 million vehicles."
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In terms of sales volume of Chinese branded car companies, the top ten companies from January to November were SAIC, Chang'an, Dongfeng, Geely, Beiqi, Great Wall, FAW, Chery, Guangzhou Automobile, and JAC. Among them, SAIC, Chang'an, Dongfeng, Geely, and BAIC have sold more than one million vehicles.
Some car companies increased sales far beyond the industry average. According to the November sales and sales report, the sales growth of Geely, GAC, and CNHTC exceeded 30% year-on-year. Sales volume of Geely Automobile has exploded in recent months. In the first 11 months of this year, the sales volume was 1.093 million, an increase of 66% over the same period of last year. This figure is close to the total annual sales target of 1.1 million. In January-November, Guangzhou Automobile Group sold 465,000 passenger vehicles, a 38.4% year-on-year increase. It is expected that total sales this year will exceed 500,000 vehicles. China Heavy Duty Truck sales of heavy-duty trucks in November were 125,400, an increase of 75.90%.
Sales volume of new energy vehicles such as Jianghuai Automobile and Changan Automobile increased gradually. According to the latest production and sales data, the cumulative sales of new energy vehicles from January to November in Changan Automobile reached 49,000 units, an increase of 165% year-on-year. Since the beginning of this year, the sales of traditional automobile sales of Jianghuai Automobile have remained flat, but sales of new energy vehicles have performed outstandingly. In November, 5,660 pure-electric passenger cars were sold, an increase of 363.6% year-on-year. From January to November, cumulative sales were 26,400, a year-on-year increase of 66.35%.
Xu Haidong stated that due to the “dual-integration†policy and the factors affecting the withdrawal of subsidies, large-scale vehicle manufacturers have accelerated the production and research and development of new energy vehicles. It is expected that the production and sales of new energy vehicles will still see a large increase at the end of this year.
CITIC Securities pointed out that under the premise of a slowdown in the growth of the total sales volume of the auto market, long-term optimistic about the investment opportunities under the trend of electric, intelligent, especially parts and components companies.
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