January 29, 2023

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On Tuesday, the China Passenger Automotive Affiliation (CPCA) launched a  document at the nation’s passenger automobile marketplace for the month of December 2021. Within the ultimate month of 2021, retail gross sales of passenger automobiles reached 2.105 million gadgets, down 7.9% year-on-year whilst 2.466 million passenger automobiles have been produced, up 7.2% year-on-year.

In December, the manufacturing and gross sales of the auto marketplace higher total, even though the manufacturing in some areas noticed slight declines. From January to December, 2021, general retail gross sales reached 20.146 million cars, up 4.4% year-on-year whilst within the month of December by myself retail gross sales of self-owned manufacturers reached 930,000 gadgets, up 4% year-on-year. Additional, the wholesale marketplace proportion of self-owned manufacturers used to be 46.9%, an build up of 6.2% over December 2020.

In December, 170,000 passenger automobiles have been exported, up 63% year-on-year, and new power cars accounted for 15% of the whole exports. The export of self-owned manufacturers reached 150,000 cars, up 77% year-on-year.

Retail gross sales of latest power passenger automobiles reached 475,000 gadgets, up 128.8% year-on-year whilst all the 12 months noticed retail gross sales of latest power cars hit 2.989 million, up 169.1% year-on-year.

There have been 14 enterprises whose wholesale gross sales of latest power car producers exceeded 10,000 gadgets, together with BYD (93,338), Tesla China (70,847), Geely Automotive (16,831), XPeng Motors (16,000), Li Auto (14,087), NIO (10,489) and Hozon Auto (10,127).

In November, the gross sales quantity of Chinese language new power automobile startups akin to XPeng Motors, Li Auto, NIO, Hozon Auto, Leapmotor and WM Motor carried out smartly usually. The primary 4 manufacturers each and every bought greater than 10,000 cars within the ultimate month of the 12 months whilst the others reached per 30 days gross sales of greater than 5,000 gadgets.

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With the decline of latest power auto subsidies, the costs of a few fashions have long gone up rather. Alternatively, because of the selection of undelivered orders, CPCA expects that the gross sales quantity of maximum new power cars may not be considerably suffering from the brand new coverage.