China - Automotive Production volume, 2023
Flash report, Automotive Production volume, 2023
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, February 2023
Mar 10, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
China vehicle production and sales volumes increase 11.9% and 13.5% in February, respectively
On March 10, the China Association of Automobile Manufacturers (CAAM) announced vehicle production and sales results for February 2023 in China.
In February, vehicle production and sales volumes both presented significant month-over-month (m/m) and year-over-year (y/y) increases. Specifically, passenger vehicle (PV) production and sales volumes presented two-digit increases; commercial vehicle (CV) production and sales volumes presented two-digit m/m and y/y increases; New Energy Vehicle (NEV) production and sales volumes and vehicle exports remained good.
The CAAM said that currently, effective demand in China has not yet been fully unleashed. Given advance consumption triggered by the expiration of purchase tax incentives for conventional ICE vehicles and subsidies for NEVs at the end of 2022, year-to-date (YTD) production and sales volumes shrank significantly y/y. Also, taking into account that the environments home and abroad currently impacting auto consumption remains highly complex, the task of China’s auto industry of stabilizing growth stays arduous, and continuous support from relevant policies is needed to help the industry run steadily.
In February, vehicle production and sales volumes totaled 2.032 million units and 1.976 million units, up 11.9% and 13.5% y/y, respectively. YTD production and sales volumes were 3.626 million units and 3.625 million units, down 14.5% and 15.2% y/y, respectively.
For PVs, production and sales volumes in February totaled 1.715 million units and 1.653 million units, up 11.6% and 10.9% y/y, respectively. YTD production and sales volumes totaled 3.112 million units and 3.121 million units, down 14% and 15.2% y/y, respectively.
For CVs, production and sales volumes in February totaled 317,000 units and 324,000 units, up 13.5% and 29.1% y/y, respectively. YTD production and sales volumes were 514,000 units and 504,000 units, down 17.8% and 15.4%, respectively.
For NEVs, production and sales volumes in February totaled 552,000 units and 525,000 units, up 48.8% and 55.9% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 389,000 units and 376,000 units, up 35.2% and 43.9% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 163,000 units and 149,000 units, up 96.5% and 98.0% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 100 units and 40 units, down 53.1% and 77.5% y/y, respectively.
YTD NEV production and sales volumes totaled 977,000 units and 933,000 units, up 18.1% and 20.8% y/y, respectively. Specifically, BEV production and sales volumes totaled 688,000 units and 662,000 units, up 4.3% and 8.4% y/y, respectively; PHV production and sales volumes totaled 289,000 units and 270,000 units, up 72.2% and 68.6% y/y, respectively; FCV production and sales volumes totaled 170 units and 200 units, down 51.4% and 45.6% y/y, respectively.
In February, vehicle exports totaled 329,000 units, up 82.2% y/y. Specifically, PV exports totaled 271,000 units, up 85.8% y/y; CV exports totaled 58,000 units, up 67.2% y/y; NEV exports totaled 87,000 units, up 79.5% y/y. YTD vehicle exports totaled 630,000 units, up 52.9% y/y. Specifically, PV exports totaled 522,000 units, up 57.7% y/y; CV exports totaled 108,000 units, up 32.9% y/y; NEV exports totaled 170,000 units, up 62.8% y/y.
China - Production of vehicles
| Feb. 2023 | Jan.-Feb. 2023 | |||||
|---|---|---|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Sedan/Hatchback | 78.1 | 38.4 | 10.9 | 140.6 | 38.8 | -16.0 |
| MPV | 6.6 | 3.3 | 35.0 | 12.3 | 3.4 | -2.7 |
| SUV | 84.1 | 41.4 | 11.2 | 153.3 | 42.3 | -13.0 |
| Mini Van | 2.7 | 1.4 | 5.8 | 5.1 | 1.4 | -11.2 |
| Passenger Cars Total | 171.5 | 84.4 | 11.6 | 311.2 | 85.8 | -14.0 |
| Commercial Vehicles Total | 31.7 | 15.6 | 13.5 | 51.4 | 14.2 | -17.8 |
| Grand Total | 203.2 | 100.0 | 11.9 | 362.6 | 100.0 | -14.5 |
Production of NEV
| Feb. 2023 | Jan.-Feb. 2023 | |||||
|---|---|---|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | Units (10,000) |
Share(%) | Y-o-Y(%) | |
| EV | 38.9 | 70.5 | 35.2 | 68.8 | 70.4 | 4.3 |
| PHV | 16.3 | 29.5 | 96.5 | 28.9 | 29.6 | 72.2 |
| FCV | 0.01 | 0.02 | -53.1 | 0.02 | 0.02 | -51.4 |
| Total | 55.2 | 100.0 | 48.8 | 97.7 | 100.0 | 18.1 |
China - Vehicle production Top 10 models
| - | Maker/Brand | Model | Feb. 2023 | Feb. 2022 | Y-o-Y | Jan.-Feb. 2023 |
Jan.-Feb. 2022 |
Y-o-Y |
|---|---|---|---|---|---|---|---|---|
| 1 | Tesla | Model Y | 51,839 | 32,324 | 60.4% | 88,764 | 70,622 | 25.7% |
| 2 | BYD Auto | Song DM/Song PLUS DM | 48,048 | 19,090 | 151.7% | 91,475 | 35,521 | 157.5% |
| 3 | BYD Auto | Yuan PLUS | 33,473 | 4,548 | 636.0% | 56,388 | 7,548 | 647.1% |
| 4 | VW | Sagitar | 23,595 | 14,448 | 63.3% | 42,558 | 38,978 | 9.2% |
| 5 | Honda | Accord | 23,543 | 16,207 | 45.3% | 36,633 | 33,193 | 10.4% |
| 6 | BYD Auto | Dolphin | 23,262 | 8,780 | 164.9% | 40,056 | 19,380 | 106.7% |
| 7 | Haval | Haval H6 | 22,708 | 19,772 | 14.8% | 41,389 | 54,362 | -23.9% |
| 8 | Tesla | Model 3 | 20,493 | 22,984 | -10.8% | 41,838 | 52,803 | -20.8% |
| 9 | Changan/Chana | UNI-V | 19,960 | 2,678 | 645.3% | 31,936 | 2,925 | 991.8% |
| 10 | Nissan | Bluebird Sylphy/Sylphy | 18,876 | 19,112 | -1.2% | 27,962 | 44,666 | -37.4% |
Flash report, January 2023
Feb 10, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
China vehicle production and sales decrease 34.3% and 35% in January, respectively
On February 10, the China Association of Automobile Manufacturers (CAAM) announced vehicle production and sales results for January 2023.
In January 2023, affected by the Spring Festival holiday and with consumer demand partially overdrawn, coupled with the expiration of purchase tax incentives for conventional ICE vehicles and subsidy policies for New Energy Vehicles (NEVs), the performance of the auto market was lackluster, with production and sales volumes showing double-digit declines in both month-over-month (m/m) and year-over-year (y/y) terms. Specifically, passenger vehicle production and sales volumes fell significantly; commercial vehicle production and sales volumes stayed at low levels; NEV production and sales volumes and auto exports remained good.
Looking ahead to Q1, the task of stabilizing the growth of China’s auto industry remains arduous and requires a sustained policy boost. Recently, government authorities have claimed that they will continue to stabilize and expand auto consumption, while many regions have successively introduced policies to promote auto consumption and encourage NEV development, which will bring confidence in the stable development of the auto market.
Overall vehicle production and sales in January totaled 1,594,000 units and 1,649,000 units, down 34.3% and 35% y/y, respectively.
In January, passenger vehicle production and sales reached 1,397,000 units and 1,469,000 units, both down 32.9% y/y.
For commercial vehicles, production in January totaled 197,000 units, reflecting a 43.1% y/y decrease. Sales were 180,000 units, reflecting a 47.7% y/y decrease.
In January, NEV production and sales reached 425,000 units and 408,000 units, down 6.9% and 6.3% y/y, respectively. Specifically, BEV (battery electric vehicle) production was 299,000 units, reflecting a 19.6% y/y decrease, while sales were 287,000 units, reflecting an 18.2% y/y decrease. PHV (plug-in hybrid vehicle) production was 126,000 units, reflecting a 48.5% y/y increase, while sales were 121,000 units, reflecting a 42.5% y/y increase. FCV (fuel cell vehicle) production and sales were 1,000 units and 2,000 units, down 54.2% and 15.6% y/y, respectively.
Overall vehicle exports in January reached 301,000 units, reflecting a 30.1% y/y increase. Specifically, passenger vehicle exports totaled 250,000 units, reflecting a 35.6% y/y increase. Commercial vehicle exports totaled 50,000 units, reflecting an 8.1% y/y increase. NEV exports totaled 83,000 units, reflecting an increase of 48.2% y/y.
China - Production of vehicles
| Jan. 2022 | |||
|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | |
| Sedan/Hatchback | 62.5 | 39.2 | -35.2 |
| MPV | 5.7 | 3.6 | -26.2 |
| SUV | 69.2 | 43.4 | -31.3 |
| Mini Van | 2.3 | 1.4 | -26.5 |
| Passenger Cars Total | 139.7 | 87.6 | -32.9 |
| Commercial Vehicles Total | 19.7 | 12.4 | -43.1 |
| Grand Total | 159.4 | 100.0 | -34.3 |
Production of NEV
| Jan. 2023 | |||
|---|---|---|---|
| Units (10,000) |
Share(%) | Y-o-Y(%) | |
| EV | 29.9 | 70.4 | -19.6 |
| PHV | 12.6 | 29.6 | 48.5 |
| FCV | 0.01 | 0.02 | -54.2 |
| Total | 42.5 | 100.0 | -6.9 |
China - Vehicle production Top 10 models
| - | Maker/Brand | Model | Jan. 2023 | Jan. 2022 | Y-o-Y |
|---|---|---|---|---|---|
| 1 | BYD Auto | Song DM | 43,427 | 16,431 | 164.3% |
| 2 | Tesla | Model Y | 36,925 | 38,298 | -3.6% |
| 3 | BYD Auto | Yuan PLUS | 22,915 | 3,000 | 663.8% |
| 4 | Tesla | Model 3 | 21,345 | 29,819 | -28.4% |
| 5 | VW | Sagitar | 18,963 | 24,530 | -22.7% |
| 6 | MG (2006-) | MG ZS SUV | 18,712 | 6,242 | 199.8% |
| 7 | Haval | Haval H6 | 18,681 | 34,590 | -46.0% |
| 8 | VW | Lavida | 18,253 | 44,785 | -59.2% |
| 9 | BYD Auto | Dolphin | 16,794 | 10,600 | 58.4% |
| 10 | Honda | Civic | 14,317 | 15,479 | -7.5% |