China Business Intelligence Network News: In April 2024, the production and sales of automobiles in mainland China decreased month-on-month, showing rapid growth year-on-year, of which new energy vehicles and automobile exports continued to maintain rapid growth year-on-year. In April 2024, vehicle production and sales totaled 2.406 million units and 2.359 million units, down 10.5% m/m and 12.5% m/m and up 12.8% and 9.3% y/y, respectively. From January to April 2024, vehicle production and sales totaled 9.012 million units and 9.079 million units, up 7.9% and 10.2% y/y, respectively.
Data source: China Automobile Association and China Business Industry Research Institute
In April 2024, passenger vehicle production and sales totaled 2.048 million units and 2.001 million units, down 9% m/m and 10.5% m/m and up 15.2% and 10.5% y/y, respectively. From January to April 2024, passenger vehicle production and sales totaled 7.658 million units and 7.689 million units, up 8.6% and 10.6% y/y, respectively.
Data source: China Automobile Association and China Business Industry Research Institute
In April 2024, commercial vehicle production and sales totaled 358,000 units and 357,000 units, down 18.3% m/m and 22% m/m and up 0.8% and 2.8% y/y, respectively. From January to April 2024, commercial vehicle production and sales totaled 1.354 million units and 1.39 million units, up 3.9% and 8.1% y/y, respectively.
In April 2024, NEV production and sales totaled 870,000 units and 850,000 units, up 35.9% and 33.5% y/y, respectively. From January to April 2024, NEV production and sales reached 2.985 million units and 2.94 million units, up 30.3% and 32.3% y/y, respectively.
In April 2024, domestic sales of automobiles were 1.855 million units, down 15.4% month-on-month and 4.1% year-on-year. From January to April 2024, the domestic sales of automobiles were 7.252 million units, a year-on-year increase of 5.6%.
Vehicle exports in April 2024 totaled 504,000 units, reflecting a 0.4% m/m increase and a 34% y/y increase. Vehicle exports from January to April 2024 totaled 1.827 million units, reflecting a 33.4% y/y increase.
For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China's Automotive Industry" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides consulting services such as industrial big data, industrial intelligence, industry research reports, industry white papers, industry status certificates, feasibility study reports, industrial planning, industrial chain investment map, industrial investment guidelines, industrial chain investment investigation & promotion meeting, and "15th Five-Year Plan".