timeline but without the consumer incentives necessary to drive demand. The cost of stimulating that demand and complying with those targets is huge and, as we are seeing, unsustainable. Urgent action is therefore needed and we will work with government on its rapid review of the regulation and the development of an ambitious and comprehensive Industrial Strategy to assure our competitiveness." UK vehicle production figures Oct. 2024 Jan.-O...

Automotive Production Data  Updated at: 2025/02/27

sales results for December 2024 and the whole of 2024.In 2024, with the issuance of policies for large-scale equipment replacement and consumer goods trade-in, China’s automobile industry stepped up its transition and hit new production and sales highs, showing robust resilience and vitality for development and becoming a key driver for economic growth. The industry, however, is still facing a number of difficulties and challenges in economic ...

Automotive Production Data  Updated at: 2025/02/17

NEVs) and vehicles remained good.On September 1, seven Chinese government agencies including the Ministry of Industry and Information Technology of China jointly released the “Work Plan for the Automotive Industry on Stabilizing Growth (2023-2024)”, consolidating and continuing the industry’s development trend of growing while maintaining stability. It is expected that with various policies taking effect, the automotive industry about to en...

Automotive Production Data  Updated at: 2024/02/07

as rapid growth of passenger vehicle production and sales driven by policies such as consumption promotion. Commercial vehicle production and sales were at low levels, but New Energy Vehicle production and sales continued to skyrocket and market share increased to 25.6%, ushering in a new phase of development and growth. Vehicle exports stayed high.The CAAM expects that in 2023, issues including chip supply shortages are expected to ease greatly...

Automotive Production Data  Updated at: 2023/02/10

contribution to the sales increases in the entire automotive market. Monthly SUV sales reached a record level. Production and sales of new energy vehicles (NEV) also continued to increase in the month and reached a historical high in terms of September results.  With regard to the future trend of development in the automotive industry, CAAM expects that the commercial vehicle sector will maintain an upward momentum with the support of incentive...

Automotive Production Data  Updated at: 2021/04/28