sales increased 12% year-over-year (YoY) to 30.094 million vehicles, and output rose to 30.261 million units with a 11.6% YoY growth, according to data released by China Association of Automobile Manufacturers (CAAM) on Thursday. The growth of auto sales and output...
The sales downturn entirely resulted from the decrease in annual passenger vehicle (PV) sales. Last year, China sold 20.178 million PVs, a year-over-year decline of 6%. Nevertheless, commercial vehicle (CV) sales still showed an upward movement of 18.7%. The CAAM said auto sales were badly ...
In April, the country produced 1.205 million vehicles, down by 46.2% month over month and 46.1% year over year while the monthly sales dropped 47.6% from a year earlier to 1.181 million units. By the end of April, the country’s year-to-date vehicle production declined 10.5% versus the ...
New energy vehicles posted record performance, with both production and sales exceeding 10 million units for the first time and accounting for over 40 percent of total sales, according to the CAAM. Last year, the country exported 5.859 million vehicles, surging 19.3 percent year-on-year, the da...
Toyota’s hybrid and EV sales topped 1 million units (up 53% year over year) for the first time, accounting for 43% of its total U.S. sales. Toyota appears to be moving toward converting its entire lineup to hybrid-only models. Honda’s hybrid and EV sales also grew 19% to approxi...
The 2019 sales through June are expected to be down by 2.5 percent year over year, it added. "We're expecting to see the industry continue to settle into a slower sales pace as we head into the rest of 2019," said Jeremy Acevedo, Edmunds' manager of industry analysis. ...
Looking ahead, Chen Shihua, deputy secretary-general of the CAAM, said that with the overall economy continuing to recover, China's auto market is likely to maintain sound momentum this year. The CAAM said it expects China's NEV sales to reach 11.5 million units in 2024, while total auto ...
China's passenger car market saw sales of 1.92 million units in September, a year-on-year increase of 21.5 percent, driven particularly by new energy vehicles (NEVs), the China Passenger Car Association (CPCA) said in a statement on Tuesday, while also noting that government policies have hel...
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For the quarter ended December 31, 2023, Li Auto’s total revenue increased 136.4% year-over-year (YoY) to RMB41.73 billion (US$5.88 billion), better than Wall Street estimated RMB39.8 billion. Vehicle sales was RMB40.38 billion with a 20% YoY increase, and vehicle margin edged ...