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Recently, automakers have successively disclosed their August sales data. Researchers from Xinhua Finance and Bread Finance used the monthly sales data announcements disclosed by major automobile manufacturers listed on the A and H shares to calculate the sales of their vehicles and new energy vehicles.
According to incomplete statistics, 23 automobile manufacturers in A- and H-share listed companies disclosed their monthly sales data in August. In August 2024, the 23 companies sold a total of 1,641,100 vehicles, down 8.66% year-on-year and up 7.71% month-on-month. Among them, BYD, SAIC and Changan Automobile ranked among the top three in terms of sales. In terms of growth rate, the year-on-year sales growth rate of Shuguang shares, Cialis and Haima Automobile is relatively high.
Among them, about 16 companies disclosed sales data for new energy vehicles (including passenger cars and commercial vehicles). In August 2024, the above-mentioned companies sold a total of about 824,300 new energy vehicles, an increase of 23.05% year-on-year, and BYD, SAIC, and Geely Automobile sold more than 70,000 new energy vehicles in August. The year-on-year growth rate of Cialis and BAIC Blue Valley exceeded 60%, while the year-on-year growth rate of GAC Group and JAC Automobile fell by more than 10%.
Vehicle sales in August were 1,641,100 units, with BYD, SAIC and Changan Automobile ranking among the top three
In August 2024, the 23 A- and H-share listed automakers achieved a total of 1,641,100 vehicle sales, down 8.66% year-on-year and up 7.71% month-on-month.
Figure 1: Vehicle sales of automakers listed in Shanghai, Hong Kong and Shenzhen
Specifically, BYD's vehicle sales in August reached 373,100 units, while SAIC Motor and Changan Automobile sold 257,600 and 187,100 units respectively. In terms of growth rate, the vehicle sales of Shuguang Co., Ltd. increased by 700% year-on-year, followed by Cialis, Haima Automobile and BAIC Blue Valley, and the sales of 10 companies such as SAIC Group and GAC Group decreased year-on-year.
Among the top 10 companies in vehicle sales in August, BYD, Li Auto, and Cialis ranked first in year-on-year growth.
Figure 2: Vehicle sales ranking of automakers listed in Shanghai, Hong Kong and Shenzhen in August 2024
BYD sold a total of 373,100 vehicles in August 2024, with a year-on-year growth rate of 35.97%; The cumulative sales during the year were 2,328,400 units, an increase of 29.92% year-on-year. BYD's passenger cars accounted for the vast majority of vehicle sales, of which pure electric and plug-in hybrid sales in August were 148,500 and 222,400 respectively.
Cialis sold a total of 42,300 vehicles in August, a year-on-year increase of 188.78%; From January to August, a total of 324,800 vehicles were sold, an increase of 173.36% year-on-year.
SAIC Motor sold a total of 257,600 vehicles in August 2024, a year-on-year decrease of 39.14%. From the perspective of its brands, SAIC Volkswagen and SAIC-GM-Wuling sold about 85,000 and 84,000 units in August, respectively, a year-on-year change of -22.75% and -30%.
Sales of new energy vehicles increased by 23.05% year-on-year, and the sales of Guangzhou Automobile Group and JAC Automobile fell significantly
According to the announcement statistics, about 16 listed car companies disclosed the sales data of new energy vehicles (including passenger cars and commercial vehicles) in August. In August 2024, the 16 listed car companies sold a total of about 824,300 new energy vehicles, an increase of 23.05% year-on-year, and the penetration rate of new energy vehicles reached about 51.94% in the same month, an increase year-on-year and month-on-month.
Figure 3: New energy vehicle sales of automakers listed in Shanghai, Hong Kong and Shenzhen
According to the data, BYD ranked first in the industry with 373,100 units, and SAIC Motor and Geely Automobile's new energy vehicle sales in August exceeded 70,000 units. In terms of growth rate, the year-on-year growth rate of Cialis and BAIC Blue Valley exceeded 60%; In contrast, GAC Group and JAC Automobile fell by more than 10% year-on-year.
Figure 4: New energy vehicle sales ranking of Shanghai, Hong Kong and Shenzhen-listed automobile companies in August 2024
According to the data, BAIC Blue Valley's sales of new energy vehicles in August reached 13,100, an increase of 65.98% year-on-year; From January to August, the total sales volume reached 52,100 units, an increase of 12.15% year-on-year.
GAC Group sold a total of 148,200 vehicles in August, a year-on-year decrease of 24.69%; A total of 37,600 new energy vehicles were sold, a year-on-year decrease of 24.14%. In the same period, GAC Aion, its new energy vehicle brand, sold a total of 31,800 units, a year-on-year decrease of 29.44%.
[Read Financial Report] is a column jointly created by Xinhua Finance and Bread Finance with the interpretation of financial reports of listed companies as the main content. Xinhua Finance is a national financial information platform built by Xinhua News Agency, which comprehensively covers the global stock market, foreign exchange market and bond market, and provides authoritative, professional and comprehensive financial information services.
(Article Serial Number: 1834043670169522176/PLH)
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