China - Automotive Sales volume, 2023

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Flash report, Automotive sales volume, 2023

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Flash report, December 2023

Jan 11, 2024

China’s vehicle production and sales volumes increase 29.2% and 23.5% y/y in December, respectively
On January 11, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for December 2023 and the whole of 2023.
In 2023, China’s auto production and sales volumes hit new record highs, with two-digit growth year-over-year (y/y). Decent growth in the passenger vehicle (PV) market continued. Commercial vehicle (CV) volumes recovered to four million units. New Energy Vehicle (NEV) volumes maintained rapid growth and exceeded nine million units, with a market share of over 30%. Vehicle export volume totaled nearly five million units, registering a new high and effectively driving the industry’s overall rapid growth.
The CAAM expects that in 2024, China’s auto production and sales volumes will remain growing in a stable manner and achieve a more than 3% increase.
In December, vehicle production and sales volumes totaled 3.079 million units and 3.156 million units, up 29.2% and 23.5% y/y, respectively. Year-to-date (YTD) production and sales volumes were 30.161 million units and 30.094 million units, up 11.6% and 12% y/y, respectively.
For PVs, production and sales volumes in December totaled 2.713 million units and 2.792 million units, up 27.7% y/y and 23.3% y/y, respectively. YTD production and sales volumes totaled 26.124 million units and 26.063 million units, up 9.6% and 10.6% y/y, respectively.
For CVs, production and sales volumes in December totaled 366,000 units and 364,000 units, up 41.7% and 25.1% y/y, respectively. YTD production and sales volumes were 4.037 million units and 4.031 million units, up 26.8% and 22.1%, respectively.
For NEVs, production and sales volumes in December totaled 1.172 million units and 1.191 million units, up 47.5% and 46.4% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 811,000 units and 825,000 units, up 35.2% and 32.2% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 360,000 units and 364,000 units, up 85.3% and 93% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 1,000 units and 2,000 units, up 98.8% y/y and 149.1% y/y, respectively.
YTD NEV production and sales volumes totaled 9.587 million units and 9.495 million units, up 35.8% and 37.9% y/y, respectively. Specifically, BEV production and sales volumes totaled 6.704 million units and 6.685 million units, up 22.6% and 24.6% y/y, respectively; PHV production and sales volumes totaled 2.877 million units and 2.804 million units, up 81.2% and 84.7% y/y, respectively; FCV production and sales volumes both totaled 6,000 units, up 55.3% and 72% y/y, respectively.
In December, vehicle exports totaled 499,000 units, up 54.3% y/y. Specifically, PV exports totaled 422,000 units, up 53.3% y/y; CV exports totaled 78,000 units, up 59.9% y/y; NEV exports totaled 111,000 units, up 36.5% y/y. YTD vehicle exports totaled 4.91 million units, up 57.9% y/y. Specifically, PV exports totaled 4.14 million units, up 63.7% y/y; CV exports totaled 770,000 units, up 32.2% y/y; NEV exports totaled 1.203 million units, up 77.6% y/y.

New vehicle sales by type (Factory shipments)

	Dec. 2023			Jan.-Dec. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	124.1	39.3	17.0	1,149.0	38.2	3.4
MPV	11.9	3.8	19.0	110.2	3.7	17.7
SUV	140.7	44.6	31.5	1,320.6	43.9	18.0
Mini Van	2.5	0.8	-26.5	26.5	0.9	-18.1
Passenger Cars Total	279.2	88.5	23.3	2,606.3	86.6	10.6
Commercial Vehicles Total	36.4	11.5	25.1	403.1	13.4	22.1
Grand Total	315.6	100.0	23.5	3,009.4	100.0	12.0

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Dec. 2023			Jan.-Dec. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	161.20	57.7	23.2	1,462.77	56.2	22.5
Japanese brands	39.71	14.2	20.7	382.90	14.7	-11.3
German brands	47.96	17.2	21.1	462.72	17.8	3.8
American brands	24.01	8.6	37.7	232.60	8.9	5.3
Korean brands	5.34	1.9	50.8	41.60	1.6	9.1
French brands	0.56	0.2	-69.3	13.56	0.5	-29.0

Source : MarkLines Data Center

China - Production of vehicles

	Dec. 2023			Jan.-Dec. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	124.0	40.3	23.1	1,150.8	38.2	2.9
MPV	11.7	3.8	30.0	111.2	3.7	16.8
SUV	133.0	43.2	33.3	1,324.2	43.9	16.4
Mini Van	2.6	0.8	-13.3	26.2	0.9	-17.2
Passenger Cars Total	271.3	88.1	27.7	2,612.4	86.6	9.6
Commercial Vehicles Total	36.6	11.9	41.7	403.7	13.4	26.8
Grand Total	307.9	100.0	29.2	3,016.1	100.0	11.6

Source:Created by MarkLines based on press release

Sales of NEV

	Dec. 2023			Jan.-Dec. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	82.5	69.3	32.2	668.5	70.4	24.6
PHV	36.4	30.6	93.0	280.4	29.5	84.7
FCV	0.2	0.17	149.1	0.6	0.06	72
Total	119.1	100.0	46.4	949.5	100.0	37.9

Source:CAAM, Each maker's press releases

Production of NEV

	Dec. 2023			Jan.-Dec. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	81.1	69.2	35.2	670.4	69.9	22.6
PHV	36.0	30.7	85.3	287.7	30.0	81.2
FCV	0.1	0.09	98.8	0.6	0.06	55.3
Total	117.2	100.0	47.5	958.7	100.0	35.8

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Dec. 2023	Dec. 2022	Y-o-Y	Jan.- Dec. 2023	Jan.- Dec. 2022	Y-o-Y
1	Tesla	Model Y	62,158	35,750	73.9%	646,845	455,091	42.1%
2	BYD Auto	Qin PLUS	44,660	23,149	92.9%	455,863	315,281	44.6%
3	BYD Auto	Song PLUS	50,725	-	-%	427,071	-	-%
4	BYD Auto	Yuan PLUS	41,015	29,468	39.2%	412,202	202,058	104.0%
5	BYD Auto	Dolphin	36,514	26,074	40.0%	367,419	205,417	78.9%
6	VW	Lavida	42,203	33,887	24.5%	351,931	376,627	-6.6%
7	Tesla	Model 3	31,981	20,046	59.5%	300,897	255,774	17.6%
8	BYD Auto	Seagull	50,525	-	-%	280,217	-	-%
9	VW	Sagitar	20,590	35,329	-41.7%	280,029	236,142	18.6%
10	Haval	Haval H6	25,138	19,443	29.3%	273,274	288,083	-5.1%

Source: MarkLines Data Center

*The below data may differ from the sales volume by make (shipped from the local plant) to be released later on our data for monthly sales volume.
This is due to the difference in calculation methods.

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Dec. 2023 (10,000)	Y-o-Y
1	BYD Auto	30.0	34.2%
2	FAW-VW	21.3	18.3%
3	SAIC VW	14.7	2.2%
4	Geely Automobile	12.9	2.1%
5	Changan Automobile	12.4	-26.8%
6	Chery Automobile	11.2	36.6%
7	SAIC-GM-Wuling	10.5	16.0%
8	Dongfeng Nissan	9.5	42.8%
9	FAW Toyota	8.5	-16.6%
10	GAC Toyota	7.6	-24.0%

Source: CPCA
* Estimates

Three Japanese OEMs’ Chinese sales figures for 2023 all drop
Three Japanese OEMs recently announced their sales results in China for December 2023 and the whole of 2023.
Toyota sold 185,500 units in December, up 0.9% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 1,907,600 units, down 1.7% y/y.
On January 4, Honda announced that its December sales volume was 165,798 units, up 19.7% y/y. YTD sales volumes totaled 1,234,181 units, down 10.1% y/y. GAC Honda and Dongfeng Honda sold a total of 620,469 units and 613,712 units, respectively. YTD sales volumes of the CR-V, Accord, Civic, Breeze, and Integra models were 213,515 units, 178,812 units, 177,721 units, 128,115 units, and 119,174 units, respectively.
On January 9, Nissan announced that its December sales volume was 98,873 units, up 40.3% y/y. YTD sales volumes totaled 793,768 units, down 16.1% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Dec. 2023	Y-o-Y	Jan.-Dec. 2023	Y-o-Y	Note	Update
Toyota	185,500	0.9%	1,907,600	-1.7%	Retail Sales, Including import vehicle sales	Jan. 10. 2024
Nissan	98,873	40.3%	793,768	-16.1%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Jan. 10. 2024
Honda	165,798	19.7%	1,234,181	-10.1%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Jan. 10. 2024
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, November 2023

Dec 11, 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’s vehicle production and sales volumes increase 29.4% and 27.4% y/y in November, respectively
On December 11, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for November 2023.
In November, China’s auto market performance kept improving and turned out better than expected as demand for vehicle purchase was further released in the context of stimuli for auto consumption such as the Double 11 shopping festival, with the monthly vehicle production and sales volumes both growing year-over-year (y/y) and month-over-month. Passenger vehicle (PV) production and sales volumes remained good, and commercial vehicle (CV) production and sales volumes maintained rapid growth. New Energy Vehicle (NEV) and vehicle exports led the total export growth.
With preferential policies taking effect, regional motor shows and promotions increasing, and automakers making all-out efforts in hitting their annual sales targets at the end of the year, the December auto market is expected to further strengthen and see a year-end tail-raising effect once again. The vehicle production and sales volumes for the year are likely to hit new highs and beat the estimated annual targets.
In November, vehicle production and sales volumes totaled 3.093 million units and 2.97 million units, up 29.4% and 27.4% y/y, respectively. Year-to-date (YTD) production and sales volumes were 27.111 million units and 26.938 million units, up 10% and 10.8% y/y, respectively.
For PVs, production and sales volumes in November totaled 2.705 million units and 2.604 million units, up 25.6% y/y and 25.3% y/y, respectively. YTD production and sales volumes totaled 23.441 million units and 23.272 million units, up 8% and 9.3% y/y, respectively.
For CVs, production and sales volumes in November totaled 388,000 units and 366,000 units, up 64.9% and 44.6% y/y, respectively. YTD production and sales volumes were 3.671 million units and 3.666 million units, up 25.4% and 21.8%, respectively.
For NEVs, production and sales volumes in November totaled 1.074 million units and 1.026 million units, up 39.2% and 30% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 727,000 units and 702,000 units, up 22.7% and 13.5% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 347,000 units and 323,000 units, up 93.7% and 89.5% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes both totaled 1,000 units, up 123.9% y/y and 76.3% y/y, respectively.
YTD NEV production and sales volumes totaled 8.426 million units and 8.304 million units, up 34.5% and 36.7% y/y, respectively. Specifically, BEV production and sales volumes totaled 5.893 million units and 5.860 million units, up 21.1% and 23.6% y/y, respectively; PHV production and sales volumes totaled 2.528 million units and 2.439 million units, up 81.4% and 83.5% y/y, respectively; FCV production and sales volumes both totaled 4,000 units, up 48.9% and 56.9% y/y, respectively.
In November, vehicle exports totaled 482,000 units, up 46.3% y/y. Specifically, PV exports totaled 407,000 units, up 47% y/y; CV exports totaled 76,000 units, up 42.7% y/y; NEV exports totaled 97,000 units, up 1.6% y/y. YTD vehicle exports totaled 4.412 million units, up 58.4% y/y. Specifically, PV exports totaled 3.72 million units, up 65.1% y/y; CV exports totaled 692,000 units, up 29.8% y/y; NEV exports totaled 1.091 million units, up 83.5% y/y.

New vehicle sales by type (Factory shipments)

	Nov. 2023			Jan.-Nov. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	113.5	38.2	17.9	1,024.9	38.0	1.9
MPV	9.4	3.2	11.9	98.3	3.6	17.4
SUV	134.9	45.4	34.5	1,180.0	43.8	16.6
Mini Van	2.6	0.9	4.0	24.0	0.9	-17.0
Passenger Cars Total	260.4	87.7	25.3	2,327.2	86.4	9.3
Commercial Vehicles Total	36.6	12.3	44.6	366.6	13.6	21.8
Grand Total	297.0	100.0	27.4	2,693.8	100.0	10.8

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Nov. 2023			Jan.-Nov. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	155.14	59.6	35.4	1,301.36	56.0	22.4
Japanese brands	37.11	14.3	27.5	343.20	14.8	-14.0
German brands	42.40	16.3	19.0	414.76	17.9	2.1
American brands	20.38	7.8	-11.5	208.59	9.0	2.5
Korean brands	4.11	1.6	31.3	36.26	1.6	4.9
French brands	0.79	0.3	-47.8	13.00	0.6	-24.8

Source : MarkLines Data Center

China - Production of vehicles

	Nov. 2023			Jan.-Nov. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	115.9	37.5	18.4	1,029.3	38.0	1.1
MPV	10.9	3.5	31.3	99.5	3.7	15.5
SUV	141.2	45.7	32.3	1,191.6	44.0	14.8
Mini Van	2.5	0.8	19.0	23.7	0.9	-17.4
Passenger Cars Total	270.5	87.5	25.6	2,344.1	86.5	8.0
Commercial Vehicles Total	38.8	12.5	64.9	367.1	13.5	25.4
Grand Total	309.3	100.0	29.4	2,711.1	100.0	10.0

Source:Created by MarkLines based on press release

Sales of NEV

	Nov. 2023			Jan.-Nov. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	70.2	68.4	13.5	586.0	70.6	23.6
PHV	32.3	31.5	89.5	243.9	29.4	83.5
FCV	0.1	0.10	76.3	0.4	0.05	56.9
Total	102.6	100.0	30.0	830.4	100.0	36.7

Source:CAAM, Each maker's press releases

Production of NEV

	Nov. 2023			Jan.-Nov. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	72.7	67.7	22.7	589.3	69.9	21.1
PHV	34.7	32.3	93.7	252.8	30.0	81.4
FCV	0.1	0.09	123.9	0.4	0.05	48.9
Total	107.4	100.0	39.2	842.6	100.0	34.5

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Nov. 2023	Nov. 2022	Y-o-Y	Jan.- Nov. 2023	Jan.- Nov. 2022	Y-o-Y
1	Tesla	Model Y	58,433	69,098	-15.4%	584,687	419,341	39.4%
2	BYD Auto	Seagull	44,603	-	-%	229,692	-	-%
3	BYD Auto	Song PLUS	41,377	-	-%	376,346	-	-%
4	BYD Auto	Qin PLUS	40,852	25,498	60.2%	411,203	292,132	40.8%
5	BYD Auto	Yuan PLUS	40,798	29,402	38.8%	371,187	172,590	115.1%
6	BYD Auto	Dolphin	35,246	26,063	35.2%	330,905	179,343	84.5%
7	VW	Sagitar	33,142	17,375	90.7%	259,439	200,813	29.2%
8	Wuling	Wuling Bingo	31,844	-	-%	184,756	-	-%
9	VW	Lavida	30,494	28,867	5.6%	309,728	342,740	-9.6%
10	Haval	Haval H6	30,065	25,184	19.4%	248,136	268,640	-7.6%

Source: MarkLines Data Center

*The below data may differ from the sales volume by make (shipped from the local plant) to be released later on our data for monthly sales volume.
This is due to the difference in calculation methods.

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Nov. 2023 (10,000)	Y-o-Y
1	BYD Auto	26.3	20.9%
2	Geely Automobile	17.0	34.4%
3	FAW-VW	16.7	43.3%
4	Changan Automobile	11.9	16.3%
5	SAIC VW	11.6	24.9%
6	Chery Automobile	9.4	74.0%
7	SAIC-GM-Wuling	8.3	23.5%
8	GAC Toyota	7.7	-1.9%
9	SAIC GM	7.6	4.1%
10	Great Wall	7.4	27.7%

Source: CPCA

Three Japanese OEMs’ Chinese sales figures for November 2023 all grow y/y
Three Japanese OEMs recently announced their sales results in China for November 2023.
Toyota sold 164,500 units in November, up 17.2% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 1,722,100 units, down 2.0% y/y.
On December 5, Honda announced that its November sales volume was 106,654 units, up 36.5% y/y. YTD sales volumes totaled 1,068,383 units, down 13.5% y/y.
On December 7, Nissan announced that its November sales volume was 74,879 units, up 56.1% y/y. YTD sales volumes totaled 694,895 units, down 20.7% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Nov. 2023	Y-o-Y	Jan.-Nov. 2023	Y-o-Y	Note	Update
Toyota	164,500	17.2%	1,722,100	-2.0%	Retail Sales, Including import vehicle sales	Dec. 8. 2023
Nissan	74,879	56.1%	694,895	-20.7%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Dec. 8. 2023
Honda	106,654	36.5%	1,068,383	-13.5%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Dec. 8. 2023
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, October 2023

Nov 10, 2023

China’s vehicle production and sales volumes increase 11.2% and 13.8% y/y in October, respectively
On November 10, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for October 2023.
In October, the holding of regional motor shows and promotion activities and the launch of new models greatly increased dealership traffic and further boosted auto consumption, with monthly sales volume largely flat month-over-month but notably up year-over-year (y/y). Passenger vehicle (PV) production and sales volumes remained good amid recovering auto consumption, and commercial vehicle (CV) production and sales volumes were lifted by factors such as a recovery in the logistics industry. New Energy Vehicle (NEV) and vehicle exports maintained rapid growth.
According to the CAAM, as national policies of stabilizing economic growth have been taking effect and measures such as regional subsidies and promotions for vehicle purchase have been continued, Q4 demand will continue to grow. The auto industry is therefore expected to achieve its annual sales targets successfully.
In October, vehicle production and sales volumes totaled 2.891 million units and 2.853 million units, up 11.2% and 13.8% y/y, respectively. Year-to-date (YTD) production and sales volumes were 24.016 million units and 23.967 million units, up 8% and 9.1% y/y, respectively.
For PVs, production and sales volumes in October totaled 2.513 million units and 2.488 million units, up 7.6% y/y and 11.4% y/y, respectively. YTD production and sales volumes totaled 20.731 million units and 20.664 million units, up 6% and 7.5% y/y, respectively.
For CVs, production and sales volumes in October totaled 378,000 units and 365,000 units, up 42.7% and 33.4% y/y, respectively. YTD production and sales volumes were 3.286 million units and 3.303 million units, up 22.1% and 19.8%, respectively.
For NEVs, production and sales volumes in October totaled 989,000 units and 956,000 units, up 29.2% and 33.5% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 656,000 units and 646,000 units, up 12.4% and 18.8% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 332,000 units and 310,000 units, up 83.4% and 80.2% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 400 units and 500 units, down 48.2% y/y and 56.4% y/y, respectively.
YTD NEV production and sales volumes totaled 7.352 million units and 7.280 million units, up 33.9% and 37.8% y/y, respectively. Specifically, BEV production and sales volumes totaled 5.167 million units and 5.160 million units, up 20.9% and 25.2% y/y, respectively; PHV production and sales volumes totaled 2.181 million units and 2.116 million units, up 79.6% and 82.6% y/y, respectively; FCV production and sales volumes both totaled 4,000 units, up 39.8% and 54.0% y/y, respectively.
In October, vehicle exports totaled 488,000 units, up 44.2% y/y. Specifically, PV exports totaled 421,000 units, up 50.5% y/y; CV exports totaled 67,000 units, up 14.5% y/y; NEV exports totaled 124,000 units, up 12.8% y/y. YTD vehicle exports totaled 3.922 million units, up 59.7% y/y. Specifically, PV exports totaled 3.306 million units, up 67.3% y/y; CV exports totaled 616,000 units, up 28.3% y/y; NEV exports totaled 995,000 units, up 99.1% y/y.

New vehicle sales by type (Factory shipments)

	Oct. 2023			Jan.-Oct. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	107.4	37.6	2.8	911.6	38.0	0.3
MPV	10.4	3.6	15.6	88.2	3.7	17.1
SUV	128.3	45.0	20.1	1,045.1	43.6	14.7
Mini Van	2.6	0.9	-7.1	21.4	0.9	-18.7
Passenger Cars Total	248.8	87.2	11.4	2,066.4	86.2	7.5
Commercial Vehicles Total	36.5	12.8	33.4	330.3	13.8	19.8
Grand Total	285.3	100.0	13.8	2,396.7	100.0	9.1

Source:CAAM, Each maker's press releases

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Oct. 2023			Jan.-Oct. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	148.52	59.7	23.8	1,146.22	55.6	20.8
Japanese brands	36.80	14.8	0.3	306.08	14.8	-17.2
German brands	39.70	16.0	5.4	372.36	18.1	0.5
American brands	19.00	7.6	-13.9	188.21	9.1	4.3
Korean brands	3.60	1.4	-4.4	32.15	1.6	2.2
French brands	0.72	0.3	-71.8	12.21	0.6	-22.6

Source : MarkLines Data Center

China - Production of vehicles

	Oct. 2023			Jan.-Oct. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	106.7	36.9	-0.6	913.5	38.0	-0.7
MPV	10.8	3.7	12.5	87.9	3.7	13.0
SUV	131.1	45.3	15.8	1,050.5	43.7	12.8
Mini Van	2.7	0.9	-12.9	21.2	0.9	-20.3
Passenger Cars Total	251.3	86.9	7.6	2,073.1	86.3	6.0
Commercial Vehicles Total	37.8	13.1	42.7	328.6	13.7	22.1
Grand Total	289.1	100.0	11.2	2,401.6	100.0	8.0

Source:CAAM, Each maker's press releases

Sales of NEV

	Oct. 2023			Jan.-Oct. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	64.6	67.6	18.8	516	70.9	25.2
PHV	31	32.4	80.2	211.6	29.1	82.6
FCV	0.05	0.05	56.4	0.4	0.05	54
Total	95.6	100.0	33.5	728.0	100.0	37.8

Source:CAAM, Each maker's press releases

Production of NEV

	Oct. 2023			Jan.-Oct. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	65.6	66.3	12.4	516.7	70.3	20.9
PHV	33.2	33.6	83.4	218.1	29.7	79.6
FCV	0.04	0.04	48.2	0.4	0.05	39.8
Total	98.9	100.0	29.2	735.2	100.0	33.9

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Oct. 2023	Oct. 2022	Y-o-Y	Jan.- Oct. 2023	Jan.- Oct. 2022	Y-o-Y
1	Tesla	Model Y	47,164	41,488	13.7%	526,254	350,243	50.3%
2	BYD Auto	Seagull	43,350	-	-%	185,089	-	-%
3	BYD Auto	Song PLUS	41,194	-	-%	334,969	-	-%
4	BYD Auto	Qin PLUS	40,766	32,195	26.6%	370,351	266,634	38.9%
5	BYD Auto	Yuan PLUS	40,019	27,548	45.3%	330,389	143,188	130.7%
6	VW	Lavida	38,778	31,317	23.8%	279,234	313,873	-11.0%
7	BYD Auto	Dolphin	35,189	25,336	38.9%	295,659	153,280	92.9%
8	Haval	Haval H6	30,042	35,127	-14.5%	218,071	243,456	-10.4%
9	GAC Aion	AionY	27,304	12,615	116.4%	181,894	93,820	93.9%
10	Nissan	Bluebird Sylphy/Sylphy	27,257	24,449	11.5%	200,213	215,586	-7.1%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Oct. 2023 (10,000)	Y-o-Y
1	BYD Auto	25.8	25.4%
2	FAW-VW	15.4	12.3%
3	Geely Automobile	15.2	13.4%
4	Changan Automobile	13.8	10.2%
5	SAIC VW	11.1	-2.3%
6	Chery Automobile	9.1	38.7%
7	GAC Toyota	8.4	-5.4%
8	Great Wall	8.2	16.9%
9	SAIC-GM-Wuling	8.2	-3.0%
10	SAIC GM	7.3	-16.4%

Source: CPCA

Three Japanese OEMs release Chinese sales figures for October 2023, with Toyota, Honda achieving growth
Three Japanese OEMs recently announced their sales results in China for October 2023.
Toyota sold 173,000 units in October, up 1.5% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 1,557,600 units, down 3.6% y/y.
On November 3, Honda announced that its October sales volume was 130,424 units, up 22.9% y/y. Monthly sales volume of the CR-V model exceeded 20,000 units. Monthly sales volumes of the Accord and Civic models both exceeded 15,000 units. Monthly sales volumes of the Breeze and Integra models both exceeded 10,000 units. YTD sales volumes totaled 961,729 units, down 16.7% y/y.
On November 6, Nissan announced that its October sales volume was 73,272 units, down 17.5% y/y. YTD sales volumes totaled 620,016 units, down 25.1% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Oct. 2023	Y-o-Y	Jan.-Oct. 2023	Y-o-Y	Note	Update
Toyota	173,000	1.5%	1,557,600	-3.6%	Retail Sales, Including import vehicle sales	Nov. 7. 2023
Nissan	73,272	-17.5%	620,016	-25.1%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Nov. 7. 2023
Honda	130,424	22.9%	961,729	-16.7%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Nov. 7. 2023
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, September 2023

Oct 11, 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’s vehicle production and sales volumes increase 6.6% and 9.5% y/y in September, respectively
On October 11, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for September 2023.
In September, amid the introduction of a range of national-level consumption promotion policies, local governments responded actively by formulating and implementing measures such as issuing consumption coupons and vehicle purchase subsidies. Coupled with the pooled launch of new vehicles in Autumn and an increase in truck sales driven by the stabilization and recovery of the logistics industry, China’s auto market showed an overall trend of “not weak at all in the off-season and more prosperous in the peak season” and maintained its popularity.
In September, China’s vehicle production and sales volumes both reached a record high for the same period, and New Energy Vehicle (NEV) exports and vehicle exports held up well. The successive implementation of policies to promote auto consumption and stabilize industrial growth will strongly support the auto market in Q4 and help the auto industry achieve the annual target of stable growth.
In September, vehicle production and sales volumes totaled 2.85 million units and 2.858 million units, up 6.6% and 9.5% y/y, respectively. Year-to-date (YTD) production and sales volumes were 21.075 million units and 21.069 million units, up 7.3% and 8.2% y/y, respectively.
For passenger vehicles (PVs), production and sales volumes in September totaled 2.496 million units and 2.487 million units, up 3.5% y/y and 6.6% y/y, respectively. YTD production and sales volumes totaled 18.168 million units and 18.13 million units, up 5.6% and 6.7% y/y, respectively.
For commercial vehicles (CVs), production and sales volumes in September totaled 354,000 units and 371,000 units, up 34.6% and 33.2% y/y, respectively. YTD production and sales volumes were 2.907 million units and 2.939 million units, up 19.8% and 18.3%, respectively.
For NEVs, production and sales volumes in September totaled 879,000 units and 904,000 units, up 16.1% and 27.7% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 589,000 units and 627,000 units, up 1.5% and 16.2% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 290,000 units and 277,000 units, up 64.1% and 64.4% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 100 units and 10 units, down 21.3% y/y and 93.0% y/y, respectively.
YTD NEV production and sales volumes totaled 6.313 million units and 6.278 million units, up 33.7% and 37.5% y/y, respectively. Specifically, BEV production and sales volumes totaled 4.461 million units and 4.468 million units, up 21.1% and 24.9% y/y, respectively; PHV production and sales volumes totaled 1.849 million units and 1.807 million units, up 78.9% and 83.0% y/y, respectively; FCV production and sales volumes both totaled 3,000 units, up 25.2% and 37.3% y/y, respectively.
In September, vehicle exports totaled 444,000 units, up 47.7% y/y. Specifically, PV exports totaled 381,000 units, up 52.6% y/y; CV exports totaled 63,000 units, up 24.0% y/y; NEV exports totaled 96,000 units, up 92.8% y/y. YTD vehicle exports totaled 3.388 million units, up 60.0% y/y. Specifically, PV exports totaled 2.839 million units, up 67.4% y/y; CV exports totaled 549,000 units, up 30.2% y/y; NEV exports totaled 825,000 units, up 110% y/y.

New vehicle sales by type (Factory shipments)

	Sep. 2023			Jan.-Sep. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	107.5	37.6	-1.0	799.6	38.0	-0.6
MPV	11.5	4.0	9.5	77.8	3.7	17.3
SUV	127.3	44.5	14.7	916.8	43.5	14.0
Mini Van	2.4	0.8	-22.6	18.8	0.9	-20.2
Passenger Cars Total	248.7	87.0	6.6	1,813.0	86.1	6.7
Commercial Vehicles Total	37.1	13.0	33.2	293.9	13.9	18.3
Grand Total	285.8	100.0	9.5	2,106.9	100.0	8.2

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Sep. 2023			Jan.-Sep. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	140.46	56.5	19.0	997.70	55.0	20.4
Japanese brands	37.21	15.0	-4.7	269.28	14.9	-19.2
German brands	44.26	17.8	-4.2	332.66	18.4	0.0
American brands	21.37	8.6	-8.8	169.21	9.3	6.9
Korean brands	3.90	1.6	-12.0	28.55	1.6	3.1
French brands	1.06	0.4	-31.6	11.48	0.6	-13.1

Source : MarkLines Data Center

China - Production of vehicles

	Sep. 2023			Jan.-Sep. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	107.1	37.6	-5.2	801.8	38.0	-1.3
MPV	11.2	3.9	-5.9	77.0	3.7	13.1
SUV	129.1	45.3	14.5	919.4	43.6	12.5
Mini Van	2.2	0.8	-31.3	18.5	0.9	-21.1
Passenger Cars Total	249.6	87.6	3.5	1,816.8	86.2	5.6
Commercial Vehicles Total	35.4	12.4	34.6	290.7	13.8	19.8
Grand Total	285.0	100.0	6.6	2,107.5	100.0	7.3

Source:Created by MarkLines based on press release

Sales of NEV

	Sep. 2023			Jan.-Sep. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	62.7	69.4	16.2	446.8	71.2	24.9
PHV	27.7	30.6	64.4	180.7	28.8	83.0
FCV	0.001	0.00	-93.0	0.3	0.05	37.3
Total	90.4	100.0	27.7	627.8	100.0	37.5

Source:CAAM, Each maker's press releases

Production of NEV

	Sep. 2023			Jan.-Sep. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	58.9	67.0	1.5	446.1	70.7	21.1
PHV	29.0	33.0	64.1	184.9	29.3	78.9
FCV	0.01	0.01	-21.3	0.3	0.05	25.2
Total	87.9	100.0	16.1	631.3	100.0	33.7

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Sep. 2023	Sep. 2022	Y-o-Y	Jan.- Sep. 2023	Jan.- Sep. 2022	Y-o-Y
1	Tesla	Model Y	53,249	51,802	2.8%	479,090	308,755	55.2%
2	BYD Auto	Song PLUS	40,165	-	-%	293,775	-	-%
3	BYD Auto	Seagull	40,092	-	-%	141,739	-	-%
4	BYD Auto	Dolphin	32,927	24,956	31.9%	260,470	127,944	103.6%
5	BYD Auto	Yuan PLUS	31,672	23,069	37.3%	290,370	115,640	151.1%
6	BYD Auto	Qin PLUS DM-i	31,165	24,452	27.5%	240,069	150,134	59.9%
7	VW	Sagitar	30,661	22,786	34.6%	199,405	164,862	21.0%
8	VW	Lavida	29,895	41,415	-27.8%	240,456	282,556	-14.9%
9	Haval	Haval H6	27,824	20,929	32.9%	188,029	208,329	-9.7%
10	GAC Aion	AionY	27,496	13,410	105.0%	154,590	81,205	90.4%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Sep. 2023 (10,000)	Y-o-Y
1	BYD Auto	25.8	34.8%
2	FAW-VW	17.0	3.2%
3	Geely Automobile	14.3	31.0%
4	Changan Automobile	12.5	17.7%
5	SAIC VW	11.5	-6.1%
6	Chery Automobile	8.5	17.9%
7	GAC Toyota	8.3	-1.3%
8	SAIC GM	8.1	-19.4%
9	FAW Toyota	7.8	8.6%
10	Great Wall	7.8	24.1%

Source: CPCA

Three Japanese OEMs releases Chinese sales figures for September 2023, with Toyota and Honda achieving growth
Three Japanese OEMs recently announced their sales results in China for September 2023.
Toyota sold 176,600 units in September, up 2.2% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 1,384,600 units, down 4.2% y/y.
On October 10, Honda announced that its September sales volume was 109,666 units, up 8.5% y/y. YTD sales volumes totaled 831,305 units, down 20.8% y/y. Monthly sales volumes of the Accord, Breeze, and CR-V models all exceeded 10,000 units, and monthly sales volume of the Civic model exceeded 20,000 units.
On October 10, Nissan announced that its September sales volume was 63,823 units, down 23.9% y/y. YTD sales volumes totaled 546,744 units, down 26.0% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Sep. 2023	Y-o-Y	Jan.-Sep. 2023	Y-o-Y	Note	Update
Toyota	176,600	2.2%	1,384,600	-4.2%	Retail Sales, Including import vehicle sales	Oct. 11.2023
Nissan	63,823	-23.9%	546,744	-26.0%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Oct. 11.2023
Honda	109,666	8.5%	831,305	-20.8%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Oct. 11.2023
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, August 2023

Sep 11, 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’s vehicle production and sales volumes increase 7.5% and 8.4% y/y in August, respectively
On September 11, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for August 2023.
In August, driven by such factors as national consumption promotion policies and automakers’ promotion activities, demand for vehicle purchase continued to release, which led the overall performance of the auto market to be not weak at all in the traditional off-season, with production and sales volumes both increasing on year-over-year (y/y) and month-over-month (m/m) bases. Specifically, the production and sales volumes of passenger vehicles (PVs) and commercial vehicles (CVs) all grew, and the export volumes of New Energy Vehicles (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 enter the peak sales season, and automakers continuously introducing new products, market demand will be further released to achieve the expected goal of economic development of the industry.
In August, vehicle production and sales volumes totaled 2.575 million units and 2.582 million units, up 7.5% and 8.4% y/y, respectively. Year-to-date (YTD) production and sales volumes were 18.225 million units and 18.21 million units, up 7.4% and 8.0% y/y, respectively.
For PVs, production and sales volumes in August totaled 2.275 million units and 2.273 million units, up 5.4% y/y and 6.9% y/y, respectively. YTD production and sales volumes totaled 15.672 million units and 15.643 million units, up 5.9% and 6.7% y/y, respectively.
For CVs, production and sales volumes in August totaled 300,000 units and 310,000 units, up 26.2% and 20.0% y/y, respectively. YTD production and sales volumes were 2.553 million units and 2.568 million units, up 18.0% and 16.4%, respectively.
For NEVs, production and sales volumes in August totaled 843,000 units and 846,000 units, up 22.0% and 27.0% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 589,000 units and 597,000 units, up 9.9% and 14.4% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 253,000 units and 249,000 units, up 63.9% and 72.8% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 100 units and 200 units, up 5.2% y/y and down 30.6% y/y, respectively.
YTD NEV production and sales volumes totaled 5.434 million units and 5.374 million units, up 36.9% and 39.2% y/y, respectively. Specifically, BEV production and sales volumes totaled 3.872 million units and 3.842 million units, up 24.5% and 26.4% y/y, respectively; PHV production and sales volumes totaled 1.559 million units and 1.529 million units, up 81.9% and 86.9% y/y, respectively; FCV production and sales volumes both totaled 3,000 units, up 29.1% and 51.3% y/y, respectively.
In August, vehicle exports totaled 408,000 units, up 32.1% y/y. Specifically, PV exports totaled 349,000 units, up 34.2% y/y; CV exports totaled 59,000 units, up 21.4% y/y; NEV exports totaled 90,000 units, up 8.1% y/y. YTD vehicle exports totaled 2.941 million units, up 61.9% y/y. Specifically, PV exports totaled 2.455 million units, up 69.8% y/y; CV exports totaled 486,000 units, up 31.1% y/y; NEV exports totaled 727,000 units, up 110% y/y.

New vehicle sales by type (Factory shipments)

	Aug. 2023			Jan.-Aug. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	99.1	38.4	-0.6	692.1	38.0	-0.6
MPV	9.3	3.6	0.0	66.3	3.6	18.8
SUV	117.0	45.3	15.4	789.5	43.4	13.9
Mini Van	1.9	0.7	-9.5	16.4	0.9	-20.0
Passenger Cars Total	227.3	88.0	6.9	1,564.3	85.9	6.7
Commercial Vehicles Total	31.0	12.0	20.0	256.8	14.1	16.4
Grand Total	258.2	100.0	8.4	1,821.0	100.0	8.0

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Aug. 2023			Jan.-Aug. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	129.88	57.1	23.9	857.21	54.8	20.6
Japanese brands	31.48	13.9	-16.9	232.07	14.8	-21.1
German brands	40.07	17.6	-1.8	288.40	18.4	0.6
American brands	20.57	9.1	-10.5	147.84	9.5	9.6
Korean brands	3.66	1.6	-1.9	24.66	1.6	6.0
French brands	1.14	0.5	-39.5	10.42	0.7	-10.6

Source : MarkLines Data Center

China - Production of vehicles

	Aug. 2023			Jan.-Aug. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	99.4	38.6	-3.1	694.8	38.1	-0.7
MPV	10.0	3.9	4.2	65.8	3.6	17.1
SUV	116.1	45.1	14.3	790.3	43.4	12.3
Mini Van	2.0	0.8	0.0	16.3	0.9	-19.4
Passenger Cars Total	227.5	88.3	5.4	1,567.2	86.0	5.9
Commercial Vehicles Total	30.0	11.7	26.2	255.3	14.0	18.0
Grand Total	257.5	100.0	7.5	1,822.5	100.0	7.4

Source:Created by MarkLines based on press release

Sales of NEV

	Aug. 2023			Jan.-Aug. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	59.7	70.6	14.4	384.2	71.5	26.4
PHV	24.9	29.4	72.8	152.9	28.5	86.9
FCV	0.02	0.02	-30.6	0.3	0.06	51.3
Total	84.6	100.0	27.0	537.4	100.0	39.2

Source:CAAM, Each maker's press releases

Production of NEV

	Aug. 2023			Jan.-Aug. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	58.9	69.9	9.9	387.2	71.3	24.5
PHV	25.3	30.0	63.9	155.9	28.7	81.9
FCV	0.01	0.01	5.2	0.3	0.06	29.1
Total	84.3	100.0	22.0	543.4	100.0	36.9

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Aug. 2023	Aug. 2022	Y-o-Y	Jan.- Aug. 2023	Jan.- Aug. 2022	Y-o-Y
1	Tesla	Model Y	65,316	62,169	5.1%	425,841	256,953	65.7%
2	BYD Auto	Song DM/Song PLUS DM	47,700	36,812	29.6%	320,438	200,891	59.5%
3	BYD Auto	Seagull	34,841	-	-%	101,647	-	-%
4	VW	Lavida	34,722	39,325	-11.7%	210,561	241,141	-12.7%
5	BYD Auto	Dolphin	32,745	23,469	39.5%	227,543	102,988	120.9%
6	BYD Auto	Qin PLUS DM-i	31,154	24,242	28.5%	208,904	125,682	66.2%
7	BYD Auto	Yuan PLUS	30,772	18,006	70.9%	258,698	92,571	179.5%
8	Changan/Chana	CS75	29,193	10,602	175.4%	169,155	149,386	13.2%
9	VW	Sagitar	26,299	12,728	106.6%	168,744	142,076	18.8%
10	GAC Aion	AionS	22,896	11,695	95.8%	159,932	58,483	173.5%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Aug. 2023 (10,000)	Y-o-Y
1	BYD Auto	24.2	43.1%
2	FAW-VW	15.6	-4.6%
3	Geely Automobile	12.8	24.2%
4	Changan Automobile	12.0	14.1%
5	SAIC VW	11.0	-6.6%
6	GAC Toyota	8.0	-5.2%
7	SAIC GM	7.9	-25.1%
8	FAW Toyota	7.6	-6.8%
9	Chery Automobile	7.1	-5.8%
10	Great Wall	7.0	12.4%

Source: CPCA

Three Japanese OEMs’ Chinese sales figures for August 2023 all drop y/y
Three Japanese OEMs recently announced their sales results in China for August 2023.
Toyota sold 175,800 units in August, down 6.6% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 1,208,000 units, down 5.1% y/y.
On September 5, Honda announced that its August sales volume was 102,257 units, down 25.1% y/y. YTD sales volumes totaled 721,639 units, down 24.0% y/y. Specifically, YTD sales volumes of models equipped with Honda’s high-efficiency dual-motor hybrid power system and plug-in hybrid power system as well as battery electric vehicles totaled 147,288 units.
On September 7, Nissan announced that it sold 64,905 units in August, down 28.9% y/y. YTD sales volumes totaled 482,921 units, down 26.3% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Aug. 2023	Y-o-Y	Jan.-Aug. 2023	Y-o-Y	Note	Update
Toyota	175,800	-6.6%	1,208,000	-5.1%	Retail Sales, Including import vehicle sales	Sep. 8. 2023
Nissan	64,905	-28.9%	482,921	-26.3%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Sep. 8. 2023
Honda	102,257	-25.1%	721,639	-24.0%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Sep. 8. 2023
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, July 2023

Aug 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’s vehicle production and sales volumes decrease 2.2% and 1.4% y/y in July, respectively
On August 10, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for July 2023.
In July, given the high base for the same period last year and the traditional off-season in the auto market, the pace of production and sales slowed down and brought about a relatively lackluster overall market performance, with production and sales volumes both declining on year-over-year (y/y) and month-over-month (m/m) bases. Specifically, the production and sales volumes of passenger vehicles (PVs) both declined y/y and m/m, while those of commercial vehicles (CVs) both grew by double digits y/y due to last year’s low base. The export volumes of New Energy Vehicles (NEVs) and vehicles remained good.
In late July, 13 Chinese government agencies including the National Development and Reform Commission jointly issued the “Several Measures to Promote Automobile Consumption”, where 10 specific measures to stabilize and expand auto consumption were proposed. With the implementation of a new wave of auto consumption promotion policies, the potential for auto consumption is expected to be further released, which will contribute to the auto industry achieving the goal of stabilizing growth for the year.
In July, vehicle production and sales volumes totaled 2.401 million units and 2.387 million units, down 2.2% and 1.4% y/y, respectively. Year-to-date (YTD) production and sales volumes were 15.65 million units and 15.626 million units, up 7.4% and 7.9% y/y, respectively.
For PVs, production and sales volumes in July totaled 2.115 million units and 2.10 million units, down 4.3% y/y and 3.4% y/y, respectively. YTD production and sales volumes totaled 13.397 million units and 13.368 million units, up 6% and 6.7% y/y, respectively.
For CVs, production and sales volumes in July totaled 286,000 units and 287,000 units, up 17% and 16.8% y/y, respectively. YTD production and sales volumes were 2.253 million units and 2.258 million units, up 16.9% and 15.9%, respectively.
For NEVs, production and sales volumes in July totaled 805,000 units and 780,000 units, up 30.6% and 31.6% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 555,000 units and 541,000 units, up 17.5% and 18.2% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 250,000 units and 239,000 units, up 73.3% and 77% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 200 units and 300 units, down 17.2% y/y and up 13.1% y/y, respectively.
YTD NEV production and sales volumes totaled 4.591 million units and 4.526 million units, up 40% and 41.7% y/y, respectively. Specifically, BEV production and sales volumes totaled 3.301 million units and 3.26 million units, up 28.3% and 29.5% y/y, respectively; PHV production and sales volumes totaled 1.287 million units and 1.263 million units, up 83.3% and 87.4% y/y, respectively; FCV production and sales volumes both totaled 3,000 units, up 30.2% and 64.1% y/y, respectively.
In July, vehicle exports totaled 392,000 units, up 35.1% y/y. Specifically, PV exports totaled 326,000 units, up 34.9% y/y; CV exports totaled 66,000 units, up 36.2% y/y; NEV exports totaled 101,000 units, up 87% y/y. YTD vehicle exports totaled 2.533 million units, up 67.9% y/y. Specifically, PV exports totaled 2.105 million units, up 77.5% y/y; CV exports totaled 427,000 units, up 32.5% y/y; NEV exports totaled 636,000 units, up 150% y/y.

New vehicle sales by type (Factory shipments)

	Jul. 2023			Jan.-Jul. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	92.3	38.7	-10.9	592.8	37.9	-0.6
MPV	8.5	3.6	4.9	56.9	3.6	22.5
SUV	107.2	44.9	4.4	672.6	43.0	13.7
Mini Van	2.0	0.8	-35.5	14.5	0.9	-21.2
Passenger Cars Total	210.0	88.0	-3.4	1,336.8	85.5	6.7
Commercial Vehicles Total	28.7	12.0	16.8	225.8	14.5	15.9
Grand Total	238.7	100.0	-1.4	1,562.6	100.0	7.9

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Jul. 2023			Jan.-Jul. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	120.92	57.6	10.3	727.33	54.4	20.0
Japanese brands	29.41	14.0	-30.8	200.59	15.0	-21.7
German brands	37.10	17.7	-11.4	248.34	18.6	1.0
American brands	18.20	8.7	4.5	127.27	9.5	13.7
Korean brands	2.84	1.4	-26.9	21.00	1.6	7.5
French brands	1.12	0.5	-31.3	9.29	0.7	-5.0

Source : MarkLines Data Center

China - Production of vehicles

	Jul. 2023			Jan.-Jul. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	90.8	37.8	-13.0	595.3	38.0	-0.3
MPV	8.5	3.5	0.0	55.8	3.6	19.6
SUV	110.2	45.9	4.5	674.3	43.1	12.0
Mini Van	2.0	0.8	-23.1	14.3	0.9	-21.5
Passenger Cars Total	211.5	88.1	-4.3	1,339.7	85.6	6.0
Commercial Vehicles Total	28.6	11.9	17.0	225.3	14.4	16.9
Grand Total	240.1	100.0	-2.2	1,565.0	100.0	7.4

Source:Created by MarkLines based on press release

Sales of NEV

	Jul. 2023			Jan.-Jul. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	54.1	69.4	18.2	326	72.0	29.5
PHV	23.9	30.6	77.0	126.3	27.9	87.4
FCV	0.03	0.04	13.1	0.3	0.07	64.1
Total	78.0	100.0	31.6	452.6	100.0	41.7

Source:CAAM, Each maker's press releases

Production of NEV

	Jul. 2023			Jan.-Jul. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	55.5	68.9	17.5	330.1	71.9	28.3
PHV	25.0	31.1	73.3	128.7	28.0	83.3
FCV	0.02	0.02	-17.2	0.3	0.07	30.2
Total	80.5	100.0	30.6	459.1	100.0	40.0

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Jul. 2023	Jul. 2022	Y-o-Y	Jan.- Jul. 2023	Jan.- Jul. 2022	Y-o-Y
1	Tesla	Model Y	43,961	15,745	179.2%	360,525	194,784	85.1%
2	BYD Auto	Song DM/Song PLUS DM	42,850	33,072	29.6%	272,738	164,079	66.2%
3	VW	Lavida	33,027	39,054	-15.4%	175,839	201,816	-12.9%
4	BYD Auto	Dolphin	31,950	21,005	52.1%	194,798	79,519	145.0%
5	BYD Auto	Qin PLUS DM-i	30,700	18,817	63.2%	177,750	101,440	75.2%
6	BYD Auto	Yuan PLUS	30,101	19,719	52.6%	227,926	74,565	205.7%
7	BYD Auto	Seagull	28,001	-	-%	66,806	-	-%
8	Changan/Chana	CS75	25,345	21,419	18.3%	139,962	138,784	0.8%
9	VW	Sagitar	24,394	14,465	68.6%	142,445	129,348	10.1%
10	GAC Aion	AionS	22,437	6,864	226.9%	137,036	46,788	192.9%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Jul. 2023 (10,000)	Y-o-Y
1	BYD Auto	23.1	45.2%
2	FAW-VW	15.2	-1.0%
3	Changan Automobile	11.8	1.5%
4	Geely Automobile	11.8	7.5%
5	SAIC VW	10.0	-16.7%
6	SAIC GM	8.3	-9.8%
7	GAC Toyota	7.1	-13.1%
8	Great Wall	7.1	-6.4%
9	SAIC-GM-Wuling	6.8	-19.9%
10	Chery Automobile	6.5	-2.5%

Source: CPCA

Three Japanese OEMs’ Chinese sales figures for July 2023 all drop y/y
Three Japanese OEMs recently announced their sales results in China for July 2023.
Toyota sold 152,700 units in July, down 15.4% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 1,032,100 units, down 4.9% y/y.
On August 3, Honda announced that its July sales volume was 89,691 units, down 32.8% y/y. YTD sales volumes totaled 619,382 units, down 23.8% y/y. Specifically, YTD sales volumes of models equipped with Honda’s high-efficiency dual-motor hybrid power system and plug-in hybrid power system as well as battery electric vehicles totaled 132,896 units.
On August 4, Nissan announced that it sold 59,507 units in July, down 33.6% y/y. YTD sales volumes totaled 418,016 units, down 25.7% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Jul. 2023	Y-o-Y	Jan.-Jul. 2023	Y-o-Y	Note	Update
Toyota	152,700	-15.4%	1,032,100	-4.9%	Retail Sales, Including import vehicle sales	Aug. 7. 2023
Nissan	59,507	-33.6%	418,016	-25.7%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Aug. 7. 2023
Honda	89,691	-32.8%	619,382	-23.8%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Aug. 7. 2023
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, June 2023

Jul 11, 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’s vehicle production and sales volumes increase 2.5% and 4.8% y/y in June, respectively
On July 11, the China Association of Automobile Manufacturers (CAAM) announced China’s vehicle production and sales results for June 2023.
In June 2023, China’s vehicle production and sales volumes both increased year-over-year (y/y), resulting in large increase for the first half of the year. This is mainly because demand in China’s auto market, where there was the impact of a promotion policy switch and price fluctuations in Q1, is gradually recovering due to the joint stimulation of central and regional consumption promotion policies, regional automotive marketing activities, and the mass launch of new models, as well as automakers hitting their half-year targets and the relatively low base for April and May.
According to the CAAM, the good performance of China’s New Energy Vehicle (NEV) market and auto exports effectively boosted market growth. With policy effect gradually becoming apparent, the consumption potential of the auto market will be further released, helping the auto industry achieve year-round stable growth. However, as the current external environment remains complex, consumption demand remains insufficient, and many challenges remain in business operations, it is necessary to maintain the stability of policies to support the smooth operation of the industry.
In June, vehicle production and sales volumes totaled 2.561 million units and 2.622 million units, up 2.5% and 4.8% y/y, respectively. Year-to-date (YTD) production and sales volumes were 13.248 million units and 13.239 million units, up 9.3% and 9.8% y/y, respectively.
For passenger vehicles (PVs), production and sales volumes in June totaled 2.219 million units and 2.268 million units, down 0.9% y/y and up 2.1% y/y, respectively. YTD production and sales volumes totaled 11.281 million units and 11.268 million units, up 8.1% and 8.8% y/y, respectively.
For commercial vehicles (CVs), production and sales volumes in June totaled 342,000 units and 355,000 units, up 31.3% and 26.3% y/y, respectively. YTD production and sales volumes were 1.967 million units and 1.971 million units, up 16.9% and 15.8%, respectively.
For NEVs, production and sales volumes in June totaled 784,000 units and 806,000 units, up 32.8% and 35.2% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 548,000 units and 573,000 units, up 17.5% and 20.5% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 235,000 units and 232,000 units, up 90.5% and 93.0% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes both totaled 1,000 units, up 27.1% y/y and 109.9% y/y, respectively.
YTD NEV production and sales volumes totaled 3.788 million units and 3.747 million units, up 42.4% and 44.1% y/y, respectively. Specifically, BEV production and sales volumes totaled 2.747 million units and 2.719 million units, up 30.3% and 31.9% y/y, respectively; PHV production and sales volumes totaled 1,039,000 units and 1,025,000 units, up 88.6% and 91.1% y/y, respectively; FCV production and sales volumes both totaled 2,000 units, up 38.4% and 73.5% y/y, respectively.
In June, vehicle exports totaled 382,000 units, up 53.2% y/y. Specifically, PV exports totaled 312,000 units, up 57.7% y/y; CV exports totaled 70,000 units, up 36% y/y; NEV exports totaled 78,000 units, up 170% y/y. YTD vehicle exports totaled 2.14 million units, up 75.7% y/y. Specifically, PV exports totaled 1.78 million units, up 88.4% y/y; CV exports totaled 361,000 units, up 31.9% y/y; NEV exports totaled 534,000 units, up 160% y/y.

New vehicle sales by type (Factory shipments)

	Jun. 2023			Jan.-Jun. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	99.8	38.1	-7.8	500.5	37.8	1.5
MPV	8.9	3.4	15.6	48.4	3.7	26.0
SUV	116.0	44.2	12.0	565.4	42.7	15.7
Mini Van	2.1	0.8	-16.0	12.5	0.9	-18.2
Passenger Cars Total	226.8	86.5	2.1	1,126.8	85.1	8.8
Commercial Vehicles Total	35.5	13.5	26.3	197.1	14.9	15.8
Grand Total	262.2	100.0	4.8	1,323.9	100.0	9.8

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Jun. 2023			Jan.-Jun. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	121.93	53.8	20.3	606.41	53.8	22.1
Japanese brands	34.10	15.0	-25.3	171.18	15.2	-19.9
German brands	42.92	18.9	-7.5	211.24	18.7	3.6
American brands	22.21	9.8	-6.8	109.07	9.7	15.4
Korean brands	3.96	1.7	28.9	18.16	1.6	16.0
French brands	1.22	0.5	-13.7	8.17	0.7	0.2

Source : MarkLines Data Center

China - Production of vehicles

	Jun. 2023			Jan.-Jun. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	97.6	38.1	-10.1	504.5	38.1	2.4
MPV	9.3	3.6	20.8	47.4	3.6	24.1
SUV	112.9	44.1	7.0	563.9	42.6	13.5
Mini Van	2.1	0.8	0.0	12.4	0.9	-21.0
Passenger Cars Total	221.9	86.6	-0.9	1,128.1	85.2	8.1
Commercial Vehicles Total	34.2	13.4	31.3	196.7	14.8	16.9
Grand Total	256.1	100.0	2.5	1,324.8	100.0	9.3

Source:Created by MarkLines based on press release

Sales of NEV

	Jun. 2023			Jan.-Jun. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	57.3	71.1	20.5	271.9	72.6	31.9
PHV	23.2	28.8	93.0	102.5	27.4	91.1
FCV	0.1	0.12	109.9	0.2	0.05	73.5
Total	80.6	100.0	35.2	374.7	100.0	44.1

Source:CAAM, Each maker's press releases

Production of NEV

	Jun. 2023			Jan.-Jun. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	54.8	69.9	17.5	274.7	72.5	30.3
PHV	23.5	30.0	90.5	103.9	27.4	88.6
FCV	0.1	0.13	27.1	0.2	0.05	38.4
Total	78.4	100.0	32.8	378.8	100.0	42.4

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Jun. 2023	Jun. 2022	Y-o-Y	Jan.- Jun. 2023	Jan.- Jun. 2022	Y-o-Y
1	Tesla	Model Y	63,043	52,557	20.0%	316,564	179,039	76.8%
2	BYD Auto	Song DM/Song PLUS DM	40,185	26,517	51.5%	229,888	131,007	75.5%
3	BYD Auto	Dolphin	31,140	10,376	200.1%	162,848	58,514	178.3%
4	BYD Auto	Qin PLUS DM-i	30,666	12,111	153.2%	147,050	82,623	78.0%
5	Tesla	Model 3	30,637	26,349	16.3%	159,975	115,718	38.2%
6	BYD Auto	Yuan PLUS	30,012	16,704	79.7%	197,825	54,846	260.7%
7	VW	Lavida	28,841	32,131	-10.2%	142,812	162,762	-12.3%
8	Toyota	Camry	25,898	23,714	9.2%	108,740	131,496	-17.3%
9	VW	Sagitar	24,496	26,980	-9.2%	118,051	114,883	2.8%
10	Nissan	Bluebird Sylphy/Sylphy	24,484	21,972	11.4%	118,451	131,266	-9.8%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Jun. 2023 (10,000)	Y-o-Y
1	BYD Auto	23.1	74.4%
2	FAW-VW	17.9	-15.0%
3	Changan Automobile	11.9	8.5%
4	Geely Automobile	11.5	11.1%
5	SAIC VW	9.9	-14.1%
6	GAC Toyota	8.6	-4.7%
7	SAIC GM	8.0	-11.7%
8	Tesla	7.4	-4.8%
9	FAW Toyota	7.1	-23.5%
10	Great Wall	6.8	-4.5%

Source: CPCA

Three Japanese OEMs’ Chinese sales figures for June 2023 all drop y/y
Three Japanese OEMs announced their sales results in China for June 2023.
Toyota sold 174,500 units in June, down 12.8% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 879,400 units, down 2.8% y/y.
On July 5, Honda announced that its June sales volume was 113,133 units, down 19.8% y/y. YTD sales volumes totaled 529,691 units, down 22.0% y/y. Monthly sales volumes of the Breeze and Civic models both exceeded 10,000 units, and those of the Integra and CR-V models both exceeded 15,000 units.
On July 5, Nissan announced that it sold 69,139 units in June, down 28.0% y/y. YTD sales volumes totaled 358,509 units, down 24.4% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Jun. 2023	Y-o-Y	Jan.-Jun. 2023	Y-o-Y	Note	Update
Toyota	174,500	-12.8%	879,400	-2.8%	Retail Sales, Including import vehicle sales	Jul. 7. 2023
Nissan	69,139	-28.0%	358,509	-24.4%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Jul. 6. 2023
Honda	113,133	-19.80%	529,691	-22.0%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Jul. 6. 2023
Mazda	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Mitsubishi	TBA	-%	TBA	-%	Retail Sales, Including import vehicle sales
Subaru	TBA	-%	TBA	-%	Retail Sales

Source: Releases by each company

Flash report, May 2023

Jun 9, 2023

China vehicle production and sales volumes increase 21.1% and 27.9% in May, respectively
On June 9, the China Association of Automobile Manufacturers (CAAM) announced vehicle production and sales results for May 2023 in China.
In May 2023, China’s vehicle production and sales volumes both increased year-over-year (y/y). This is mainly due to the contribution of the joint issuance of the “Announcement on the Implementation of the China 6b Emission Standards” by five Chinese ministries including the Ministry of Ecology and Environment of China in May to the stability of the auto market and of the launch of such marketing activities as vehicle purchase promotions and consumption festivals in many regions during the International Workers’ Day holiday to the recovery of the market, as well as the relatively low base for the same period in 2022 when the COVID-19 pandemic was still raging. In addition, New Energy Vehicle (NEV) production and sales volumes maintained rapid growth, and vehicle exports grew significantly.
According to the CAAM, the status of the auto industry has improved since April, but the auto market remains in a slow recovery and the economic performance of the industry remains under great pressure, with automakers’ performance at a low level. As far as it goes, the task of stabilizing growth for the year is arduous and requires further market recovery and demand expansion. Comprehensive policies shall be introduced to accelerate the release of consumption potential and promote stable industry growth.
In May, vehicle production and sales volumes totaled 2.333 million units and 2.382 million units, up 21.1% and 27.9% y/y, respectively. Year-to-date (YTD) production and sales volumes were 10.687 million units and 10.617 million units, both up 11.1% y/y.
For passenger vehicles (PVs), production and sales volumes in May totaled 2.011 million units and 2.051 million units, up 18.2% and 26.4% y/y, respectively. YTD production and sales volumes totaled 9.063 million units and 9.001 million units, up 10.6% and 10.7% y/y, respectively.
For commercial vehicles (CVs), production and sales volumes in May totaled 322,000 units and 330,000 units, up 42.9% and 38.2% y/y, respectively. YTD production and sales volumes were 1.625 million units and 1.616 million units, up 14.2% and 13.7%, respectively.
For NEVs, production and sales volumes in May totaled 713,000 units and 717,000 units, up 53% and 60.2% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 517,000 units and 522,000 units, up 42.0% and 50.4% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 195,000 units and 194,000 units, up 91.7% and 94.4% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 1,000 units and 400 units, up 206.2% y/y and 310.7% y/y, respectively.
YTD NEV production and sales volumes totaled 3.005 million units and 2.94 million units, up 45.1% and 46.8% y/y, respectively. Specifically, BEV production and sales volumes totaled 2.199 million units and 2.146 million units, up 33.9% and 35.3% y/y, respectively; PHV production and sales volumes totaled 803,000 units and 793,000 units, up 88% and 90.5% y/y, respectively; FCV production and sales volumes totaled 2,000 units and 1,000 units, up 42.4% and 55.7% y/y, respectively.
In May, vehicle exports totaled 389,000 units, up 58.7% y/y. Specifically, PV exports totaled 325,000 units, up 66.3% y/y; CV exports totaled 63,000 units, up 28.6% y/y; NEV exports totaled 108,000 units, up 150% y/y. YTD vehicle exports totaled 1.758 million units, up 81.5% y/y. Specifically, PV exports totaled 1.467 million units, up 96.6% y/y; CV exports totaled 291,000 units, up 30.9% y/y; NEV exports totaled 457,000 units, up 160% y/y.

New vehicle sales by type (Factory shipments)

	May 2023			Jan.-May 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	91.6	38.5	14.4	400.7	37.7	4.2
MPV	9.0	3.8	40.6	39.6	3.7	28.7
SUV	102.3	42.9	38.6	449.4	42.3	16.7
Mini Van	2.2	0.9	10.0	10.4	1.0	-18.4
Passenger Cars Total	205.1	86.1	26.4	900.1	84.8	10.7
Commercial Vehicles Total	33.0	13.9	38.2	161.6	15.2	13.7
Grand Total	238.2	100.0	27.9	1,061.7	100.0	11.1

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	May 2023			Jan.-May 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	111.62	54.4	37.2	484.48	53.8	22.6
Japanese brands	30.81	15.0	4.3	137.08	15.2	-18.5
German brands	37.29	18.2	7.8	168.31	18.7	6.9
American brands	20.21	9.9	50.6	86.86	9.7	22.9
Korean brands	2.89	1.4	75.0	14.20	1.6	12.9
French brands	1.87	0.9	51.8	6.95	0.8	3.0

Source : MarkLines Data Center

China - Production of vehicles

	May 2023			Jan.-May 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	89.0	38.1	7.2	406.9	38.1	5.9
MPV	8.5	3.6	51.8	38.1	3.6	25.0
SUV	102.0	43.7	29.0	451.0	42.2	15.2
Mini Van	1.6	0.7	-33.3	10.3	1.0	-24.3
Passenger Cars Total	201.1	86.2	18.2	906.3	84.8	10.6
Commercial Vehicles Total	32.2	13.8	42.9	162.5	15.2	14.2
Grand Total	233.3	100.0	21.1	1,068.7	100.0	11.1

Source:Created by MarkLines based on press release

Sales of NEV

	May 2023			Jan.-May 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	52.2	72.8	50.4	214.6	73.0	35.3
PHV	19.4	27.1	94.4	79.3	27.0	90.5
FCV	0.04	0.06	310.7	0.1	0.03	55.7
Total	71.7	100.0	60.2	294.0	100.0	46.8

Source:CAAM, Each maker's press releases

Production of NEV

	May 2023			Jan.-May 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	51.7	72.5	42.0	219.9	73.2	33.9
PHV	19.5	27.3	91.7	80.3	26.7	88.0
FCV	0.1	0.14	206.2	0.2	0.07	42.4
Total	71.3	100.0	53.0	300.5	100.0	45.1

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	May 2023	May 2022	Y-o-Y	Jan.- May 2023	Jan.- May 2022	Y-o-Y
1	Tesla	Model Y	50,480	20,032	152.0%	253,521	126,482	100.4%
2	BYD Auto	Song DM/Song PLUS DM	36,799	26,460	39.1%	189,703	104,490	81.6%
3	VW	Lavida	32,344	18,588	74.0%	113,971	130,631	-12.8%
4	BYD Auto	Yuan PLUS	31,410	11,500	173.1%	167,813	38,142	340.0%
5	BYD Auto	Dolphin	30,679	6,430	377.1%	131,708	48,138	173.6%
6	BYD Auto	Qin PLUS DM-i	30,591	11,095	175.7%	116,384	70,512	65.1%
7	Tesla	Model 3	27,215	12,133	124.3%	129,338	89,369	44.7%
8	GAC Aion	AionS	25,233	10,503	140.2%	92,112	31,021	196.9%
9	VW	Sagitar	22,721	18,322	24.0%	93,555	87,903	6.4%
10	MG (2006-)	MG ZS SUV	21,955	12,683	73.1%	109,499	40,070	173.3%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	May 2023 (10,000)	Y-o-Y
1	BYD Auto	22.1	94.0%
2	FAW-VW	15.0	0.2%
3	Changan Automobile	11.0	51.0%
4	Geely Automobile	9.7	32.6%
5	SAIC VW	9.5	35.7%
6	SAIC GM	8.1	24.6%
7	GAC Toyota	7.8	10.7%
8	SAIC-GM-Wuling	7.2	13.0%
9	FAW Toyota	7.0	12.4%
10	Great Wall	6.2	15.1%

Source: CPCA

Three Japanese OEMs’ Chinese sales figures for May 2023 all grow y/y
Three Japanese OEMs announced their sales results in China for May 2023.
Toyota sold 162,400 units in May, up 9.3% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 704,900 units, up 0.1% y/y.
On June 5, Honda announced that its May sales volume was 101,321 units, up 13.7% y/y. YTD sales volumes totaled 416,558 units, down 22.6% y/y. Monthly sales volumes of the Accord, Breeze, and Civic models all exceeded 10,000 units, and monthly sales volume of the CR-V model exceeded 17,000 units.
On June 6, Nissan announced that it sold 66,096 units in May, up 10.7% y/y. YTD sales volumes totaled 289,370 units, down 23.5% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	May 2023	Y-o-Y	Jan.-May 2023	Y-o-Y	Note	Update
Toyota	162,400	9.3%	704,900	0.1%	Retail Sales, Including import vehicle sales	Jun. 7. 2023
Nissan	66,096	10.7%	289,370	-23.5%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Jun. 7. 2023
Honda	101,321	13.7%	416,558	-22.6%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Jun. 7. 2023
Mazda	NA	-%	NA	-%	Retail Sales, Including import vehicle sales	-
Mitsubishi	NA	-%	NA	-%	Retail Sales, Including import vehicle sales	-
Subaru	NA	-%	NA	-%	Retail Sales	-

Source: Releases by each company

Flash report, April 2023

May 11, 2023

China vehicle production and sales volumes increase 76.8% and 82.7% in April, respectively
On May 11, the China Association of Automobile Manufacturers (CAAM) announced vehicle production and sales results for April 2023 in China.
In April 2023, vehicle production and sales significantly rose in China, largely due to the low base effect in 2022 when there were frequent COVID waves and instability in the supply chain. In terms of production, sales and exports, New Energy Vehicles (NEVs) continued to perform well. Nonetheless, customers tended to be on the fence as a result of the irrational sales promotion trend since March. Vehicle consumption was still in the process of a slow recovery. Moreover, the commercial vehicle (CV) segment was not recovering as quickly as expected. As a result of multiple headwinds, April production and sales were down from the previous month.
According to CAAM, the current downside pressure on China's economy continues to mount. While the economy is showing signs of improvement and turning for the better, demand remains inadequate. Business operations are generally under great pressure, coupled with the complex and volatile international situation. Thus, it remains an uphill task to achieve stable growth in the auto industry. To that end, it is necessary to constantly strengthen effective policies which can stabilize and expand auto consumption, to fully unleash the potential of auto consumption, and to promote industry stability.
In April, vehicle production and sales volumes totaled 2.133 million units and 2.159 million units, up 76.8% and 82.7% year-over-year (y/y), respectively. Year-to-date (YTD) production and sales volumes were 8.355 million units and 8.235 million units, up 8.6% and 7.1% y/y, respectively.
For passenger vehicles (PVs), production and sales volumes in April totaled 1.778 million units and 1.811 million units, up 78.5% and 87.7% y/y, respectively. YTD production and sales volumes totaled 7.052 million units and 6.949 million units, up 8.6% and 6.8% y/y, respectively.
For CVs, production and sales volumes in April totaled 355,000 units and 348,000 million units, up 68.8% and 60.5% y/y, respectively. YTD production and sales volumes were 1.303 million units and 1.286 million units, respectively, both up 8.8% y/y.
For NEVs, production and sales volumes in April totaled 640,000 units and 636,000 units, respectively, both up 110%. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 483,000 units and 471,000 units, up 99.4% and 103.7% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes totaled 157,000 units and 165,000 units, up 125.9% and 144.5% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 400 units and 300 units, up 128.1% and 222.3% y/y, respectively.
YTD NEV production and sales volumes totaled 2.291 million units and 2.222 million units, respectively, both up 42.8% y/y. Specifically, BEV production and sales volumes totaled 1.682 million units and 1.623 million units, up 31.6% and 31% y/y, respectively; PHV production and sales volumes totaled 608,000 units and 598,000 units, up 86.7% and 89.2% y/y, respectively; FCV production and sales volumes both totaled 1,000 units, up 2.6% and 19.1% y/y, respectively.
In April, vehicle exports totaled 376,000 units, up 170% y/y. Specifically, PV exports totaled 316,000 units, up 220% y/y; CV exports totaled 60,000 units, up 41.6% y/y; NEV exports totaled 100,000 units, up 840% y/y. YTD vehicle exports totaled 1,370,000 units, up 89.2% y/y. Specifically, PV exports totaled 1,142,000 units, up 110% y/y; CV exports totaled 228,000 units, up 31.5% y/y; NEV exports totaled 348,000 units, up 170% y/y.

New vehicle sales by type (Factory shipments)

	Apr. 2023			Jan.-Apr. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	80.2	37.1	74.0	309.1	37.5	1.5
MPV	9.1	4.2	133.3	30.6	3.7	25.8
SUV	89.4	41.4	100.0	346.9	42.1	11.4
Mini Van	2.4	1.1	33.3	8.3	1.0	-23.2
Passenger Cars Total	181.1	83.9	87.7	694.9	84.4	6.8
Commercial Vehicles Total	34.8	16.1	60.5	128.6	15.6	8.8
Grand Total	215.9	100.0	82.7	823.5	100.0	7.1

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Apr. 2023			Jan.-Apr. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	100.71	55.6	80.4	372.86	53.7	18.9
Japanese brands	24.73	13.7	31.8	106.27	15.3	-23.3
German brands	32.66	18.0	117.8	131.02	18.9	6.6
American brands	18.10	10.0	350.4	66.65	9.6	16.4
Korean brands	2.58	1.4	64.6	11.32	1.6	3.5
French brands	1.88	1.0	61.1	5.08	0.7	-7.8

Source : MarkLines Data Center

China - Production of vehicles

	Apr. 2023			Jan.-Apr. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	81.3	38.1	77.5	318.0	38.1	5.6
MPV	7.9	3.7	68.1	29.6	3.5	18.8
SUV	87.1	40.8	84.1	348.9	41.8	11.8
Mini Van	1.5	0.7	-16.7	8.7	1.0	-22.1
Passenger Cars Total	177.8	83.4	78.5	705.2	84.4	8.6
Commercial Vehicles Total	35.5	16.6	68.8	130.3	15.6	8.8
Grand Total	213.3	100.0	76.8	835.5	100.0	8.6

Source:Created by MarkLines based on press release

Sales of NEV

	Apr. 2023			Jan.-Apr. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	47.1	74.1	103.7	162.3	73.0	31
PHV	16.5	25.9	144.5	59.8	26.9	89.2
FCV	0.03	0.05	222.3	0.1	0.05	19.1
Total	63.6	100.0	110.0	222.2	100.0	42.8

Source:CAAM, Each maker's press releases

Production of NEV

	Apr. 2023			Jan.-Apr. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	48.3	75.5	99.4	168.2	73.4	31.6
PHV	15.7	24.5	125.9	60.8	26.5	86.7
FCV	0.04	0.06	128.1	0.1	0.04	2.6
Total	64.0	100.0	110.0	229.1	100.0	42.8

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Apr. 2023	Apr. 2022	Y-o-Y	Jan.- Apr. 2023	Jan.- Apr. 2022	Y-o-Y
1	Tesla	Model Y	49,059	960	5,010.3%	203,041	106,450	90.7%
2	BYD Auto	Yuan PLUS	39,160	10,100	287.7%	136,403	26,642	412.0%
3	BYD Auto	Qin PLUS DM-i	31,285	12,465	151.0%	85,793	59,417	44.4%
4	BYD Auto	Song DM/Song PLUS DM	31,236	20,181	54.8%	152,904	78,030	96.0%
5	BYD Auto	Dolphin	30,462	12,040	153.0%	101,029	41,708	142.2%
6	Tesla	Model 3	26,783	552	4,752.0%	102,123	77,236	32.2%
7	VW	Lavida	26,688	8,442	216.1%	81,627	112,043	-27.1%
8	GAC Aion	AionY	21,065	5,261	300.4%	51,120	24,163	111.6%
9	Haval	Haval H6	19,948	16,201	23.1%	78,601	93,024	-15.5%
10	GAC Aion	AionS	19,569	3,291	494.6%	66,879	20,518	226.0%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Apr. 2023 (10,000)	Y-o-Y
1	BYD Auto	19.4	85.1%
2	FAW-VW	14.1	73.9%
3	Changan Automobile	10.2	84.2%
4	SAIC VW	10.0	91.7%
5	Geely Automobile	9.1	65.9%
6	SAIC GM	7.9	58.1%
7	GAC Toyota	7.7	20.2%
8	FAW Toyota	7.1	91.6%
9	SAIC-GM-Wuling	6.5	20.4%
10	GAC Honda	6.0	40.2%

Source: CPCA

Three Japanese OEMs announce Chinese sales figures for April 2023, with Toyota seeing y/y growth
Three Japanese OEMs announced their sales results in China for April 2023.
Toyota sold 162,600 units in April, up 46.3% year-over-year (y/y). Year-to-date (YTD) sales volumes totaled 542,500 units, down 2.4% y/y.
On May 6, Honda announced that its April sales volume was 94,879 units, down 0.4% y/y. YTD sales volumes totaled 315,245 units, down 29.8% y/y. Specifically, YTD sales volumes of models equipped with Honda’s high-efficiency dual-motor hybrid power system and plug-in hybrid power system as well as battery electric vehicles totaled 73,956 units.
On May 9, Nissan announced that it sold 61,313 units in April, down 1.5% y/y. YTD sales volumes totaled 223,274 units, down 29.9% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Apr. 2023	Y-o-Y	Jan.-Apr. 2023	Y-o-Y	Note	Update
Toyota	162,600	46.3%	542,500	-2.4%	Retail Sales, Including import vehicle sales	May 9. 2023
Nissan	61,313	-1.5%	223,274	-29.9%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	May 10. 2023
Honda	94,879	-0.4%	315,245	-29.8%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	May 9. 2023
Mazda	N/A	-%	N/A	-%	Retail Sales, Including import vehicle sales	-
Mitsubishi	N/A	-%	N/A	-%	Retail Sales, Including import vehicle sales	-
Subaru	N/A	-%	N/A	-%	Retail Sales	-

Source: Releases by each company

Flash report, March 2023

Apr 11, 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 15.3% and 9.7% in March, respectively
On April 11, the China Association of Automobile Manufacturers (CAAM) announced vehicle production and sales results for March 2023 in China.
In Q1 2023, the Chinese auto industry entered a promotion policy switching period. The expiration of purchase tax incentives for conventional ICE vehicles and subsidies for New Energy Vehicles (NEVs) triggered advance consumption at the end of last year and follow-up policies remain unclear. With NEV price cuts since the beginning of this year and a wave of promotions starting from March fluctuating the terminal market, the overall economic operation of the industry is under great pressure. However, last year’s highlights in the auto market continued in Q1 this year, with NEV sales maintaining rapid growth and vehicle exports staying at high levels. Coupled with China’s economy continuously rebounding, infrastructure projects breaking ground in succession, and overseas exports remaining good, the commercial vehicle (CV) market has shown signs of picking up.
In March, vehicle production and sales volumes totaled 2.584 million units and 2.451 million units, up 15.3% and 9.7% year-over-year (y/y), respectively. Year-to-date (YTD) production and sales volumes were 6.21 million units and 6.076 million units, down 4.3% and 6.7% y/y, respectively.
For passenger vehicles (PVs), production and sales volumes in March totaled 2.149 million units and 2.017 million units, up 14.3% and 8.2% y/y, respectively. Among the main categories of PVs, sales volume of mini vans plunged y/y, while that of the other three rose by varying degrees. YTD production and sales volumes totaled 5.262 million units and 5.138 million units, down 4.3% and 7.3% y/y, respectively. Among the main categories of PVs, sales volume of MPVs edged up y/y, while that of the other three fell by varying degrees.
For CVs, production and sales volumes in March both totaled 434,000 units, up 20.4% and 17.4% y/y, respectively. YTD production and sales volumes were 948,000 units and 938,000 units, down 3.9% and 2.9%, respectively.
For NEVs, production and sales volumes in March totaled 674,000 units and 653,000 units, up 44.8% and 34.8% y/y, respectively. Specifically, BEV (battery electric vehicle) production and sales volumes totaled 511,000 units and 490,000 units, up 35.8% and 23.8% y/y, respectively; PHV (plug-in hybrid vehicle) production and sales volumes both totaled 163,000 units, up 83.4% and 84.3% y/y, respectively; FCV (fuel cell vehicle) production and sales volumes totaled 400 units and 500 units, down 19.8% y/y and up 27.0% y/y, respectively.
YTD NEV production and sales volumes totaled 1,650,000 units and 1,586,000 units, up 27.7% and 26.2% y/y, respectively. Specifically, BEV production and sales volumes totaled 1,198,000 units and 1,152,000 units, up 15.7% and 14.4% y/y, respectively; PHV production and sales volumes totaled 451,000 units and 433,000 units, up 76.1% and 74.1% y/y, respectively; FCV production and sales volumes both totaled 1,000 units, down 24.4% and 6.8% y/y, respectively.
In March, vehicle exports totaled 364,000 units, up 110% y/y. Specifically, PV exports totaled 304,000 units, up 150% y/y; CV exports totaled 59,000 units, up 19.8% y/y; NEV exports totaled 78,000 units, up 390% y/y. YTD vehicle exports totaled 994,000 units, up 70.6% y/y. Specifically, PV exports totaled 826,000 units, up 82.9% y/y; CV exports totaled 168,000 units, up 28.1% y/y; NEV exports totaled 248,000 units, up 110% y/y.

New vehicle sales by type (Factory shipments)

	Mar. 2023			Jan.-Mar. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	91.3	37.3	4.7	228.8	37.7	-11.4
MPV	9.0	3.7	26.8	21.5	3.5	5.2
SUV	99.3	40.5	13.4	257.6	42.4	-3.4
Mini Van	2.1	0.9	-53.3	5.9	1.0	-34.3
Passenger Cars Total	201.7	82.3	8.2	513.8	84.6	-7.3
Commercial Vehicles Total	43.4	17.7	17.4	93.8	15.4	-2.9
Grand Total	245.1	100.0	9.7	607.6	100.0	-6.7

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Mar. 2023			Jan.-Mar. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	106.30	52.7	15.4	272.15	53.0	5.5
Japanese brands	33.26	16.5	-15.5	81.54	15.9	-31.9
German brands	38.56	19.1	20.4	98.37	19.1	-8.9
American brands	17.86	8.9	-1.8	48.54	9.4	-8.8
Korean brands	3.66	1.8	29.4	8.73	1.7	-6.7
French brands	1.60	0.8	17.3	3.20	0.6	-26.5

Source : MarkLines Data Center

China - Production of vehicles

	Mar. 2023			Jan.-Mar. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	95.3	36.9	8.2	236.0	38.0	-7.6
MPV	9.4	3.6	23.7	21.7	3.5	7.7
SUV	108.1	41.8	21.7	261.3	42.1	-1.4
Mini Van	2.1	0.8	-43.2	7.2	1.2	-23.9
Passenger Cars Total	214.9	83.2	14.3	526.2	84.7	-4.3
Commercial Vehicles Total	43.4	16.8	20.4	94.8	15.3	-3.9
Grand Total	258.4	100.0	15.3	621.0	100.0	-4.3

Source:Created by MarkLines based on press release

Sales of NEV

	Mar. 2023			Jan.-Mar. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	49.0	75.0	23.8	115.2	72.6	14.4
PHV	16.3	25.0	84.3	43.3	27.3	74.1
FCV	0.05	0.08	27.0	0.1	0.06	-6.8
Total	65.3	100.0	34.8	158.6	100.0	26.2

Source:CAAM, Each maker's press releases

Production of NEV

	Mar. 2023			Jan.-Mar. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	51.1	75.8	35.8	119.8	72.6	15.7
PHV	16.3	24.2	83.4	45.1	27.3	76.1
FCV	0.04	0.06	-19.8	0.1	0.06	-24.4
Total	67.4	100.0	44.8	165.0	100.0	27.7

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Mar. 2023	Mar. 2022	Y-o-Y	Jan.- Mar. 2023	Jan.- Mar. 2022	Y-o-Y
1	Tesla	Model Y	61,667	39,790	55.0%	153,982	105,490	46.0%
2	BYD Auto	Yuan PLUS	40,400	10,025	303.0%	97,243	16,542	487.9%
3	MG (2006-)	MG ZS SUV	34,208	7,165	377.4%	70,305	23,093	204.4%
4	BYD Auto	Song DM/Song PLUS DM	33,806	22,381	51.0%	121,668	57,849	110.3%
5	BYD Auto	Qin PLUS DM-i	30,421	14,260	113.3%	54,508	46,952	16.1%
6	BYD Auto	Dolphin	30,077	10,501	186.4%	70,567	29,668	137.9%
7	Tesla	Model 3	27,202	26,024	4.5%	75,340	76,684	-1.8%
8	GAC Aion	AionS	26,392	6,798	288.2%	47,310	17,227	174.6%
9	Nissan	Bluebird Sylphy/Sylphy	25,317	15,864	59.6%	53,779	72,501	-25.8%
10	Honda	Accord	22,501	20,667	8.9%	51,355	54,856	-6.4%

Source: MarkLines Data Center

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Mar. 2023 (10,000)	Y-o-Y
1	BYD Auto	19.2	86.3%
2	FAW-VW	14.7	16.4%
3	Changan Automobile	9.4	-22.3%
4	Geely Automobile	9.0	-3.4%
5	SAIC VW	8.4	7.7%
6	Tesla	7.7	16.6%
7	SAIC-GM-Wuling	6.5	-27.3%
8	SAIC GM	6.5	-7.1%
9	FAW Toyota	6.2	7.1%
10	GAC Toyota	6.1	-31.1%

Source: CPCA

Three Japanese OEMs’ Chinese sales figures for March 2023 drop
Three Japanese OEMs announced their sales results in China for March 2023.
Toyota sold 136,400 units in March, down 18.5% year-over-year (y/y). Year-to-date (YTD) sales volume was 379,900 units, down 14.5% y/y.
On April 6, Honda announced that its March sales volume was 82,041 units, down 18.8% y/y. YTD sales volume was 220,367 units, down 37.7% y/y. Specifically, YTD sales volumes of models equipped with Honda’s high-efficiency dual-motor hybrid power system and plug-in hybrid power system as well as battery electric vehicles totaled 49,788 units.
On April 6, Nissan announced that it sold 54,443 units in March, down 25.3% y/y. YTD sales volume was 161,961 units, down 36.8% y/y.

New vehicle sales by Japanese Makers

Maker/Brand	Mar. 2023	Y-o-Y	Jan.-Mar. 2023	Y-o-Y	Note	Update
Toyota	136,400	-18.5%	379,900	-14.5%	Retail Sales, Including import vehicle sales	Apr. 7. 2023
Nissan	54,443	-25.3%	161,961	-36.8%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Apr. 7. 2023
Honda	82,041	-18.8%	220,367	-37.7%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Apr. 7. 2023
Mazda	N/A	-%	N/A	-%	Retail Sales, Including import vehicle sales	-
Mitsubishi	N/A	-%	N/A	-%	Retail Sales, Including import vehicle sales	-
Subaru	N/A	-%	N/A	-%	Retail Sales	-

Source: Releases by each company

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.

New vehicle sales by type (Factory shipments)

	Feb. 2023			Jan.-Feb. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	73.1	37.0	6.5	137.6	38.0	-19.6
MPV	7.0	3.5	34.3	12.4	3.4	-6.4
SUV	82.4	41.7	12.3	158.3	43.7	-11.6
Mini Van	2.7	1.4	79.6	3.8	1.1	-14.8
Passenger Cars Total	165.3	83.6	10.9	312.1	86.1	-15.2
Commercial Vehicles Total	32.4	16.4	29.1	50.4	13.9	-15.4
Grand Total	197.6	100.0	13.5	362.5	100.0	-15.2

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　（NOTE) The below chart includes estimates.

	Feb. 2023			Jan.-Feb. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	88.85	53.8	38.2	165.85	53.1	0.1
Japanese brands	26.19	15.8	-23.9	48.29	15.5	-40.0
German brands	29.95	18.1	-2.4	59.81	19.2	-21.2
American brands	16.58	10.0	10.6	30.69	9.8	-12.5
Korean brands	2.69	1.6	-2.0	5.07	1.6	-22.4
French brands	0.64	0.4	-47.6	1.60	0.5	-46.4

Source : MarkLines Data Center

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

Source:Created by MarkLines based on press release

Sales of NEV

	Feb. 2023			Jan.-Feb. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)	Units (10,000)	Share(%)	Y-o-Y(%)
EV	37.6	71.6	43.9	66.2	71.0	8.4
PHV	14.9	28.4	98.0	27.0	28.9	68.6
FCV	0.004	0.01	-77.5	0.02	0.02	-45.6
Total	52.5	100.0	55.9	93.3	100.0	20.8

Source:CAAM, Each maker's press releases

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

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Feb. 2023	Feb. 2022	Y-o-Y	Jan.- Feb. 2023	Jan.- Feb. 2022	Y-o-Y
1	Tesla	Model Y	51,412	32,403	58.7%	92,315	65,700	40.5%
2	BYD Auto	Song DM/Song PLUS DM	45,178	19,057	137.1%	87,862	35,468	147.7%
3	BYD Auto	Yuan PLUS	33,612	4,517	644.1%	56,843	6,517	772.2%
4	Tesla	Model 3	22,990	24,112	-4.7%	48,138	50,660	-5.0%
5	BYD Auto	Dolphin	22,861	8,565	166.9%	40,490	19,167	111.2%
6	VW	Sagitar	20,725	12,610	64.4%	43,205	38,951	10.9%
7	Changan/Chana	UNI-V	20,179	2,142	842.1%	34,143	2,371	1340.0%
8	Haval	Haval H6	19,721	19,620	0.5%	39,609	55,190	-28.2%
9	Nissan	Bluebird Sylphy/Sylphy	19,371	23,955	-19.1%	28,462	56,637	-49.7%
10	BYD Auto	Qin PLUS DM-i	19,000	14,243	33.4%	24,087	32,692	-26.3%

Passenger Car retail sales by Chinese Makers Top10

-	Maker	Feb. 2023 (10,000)	Y-o-Y
1	BYD Auto	17.7	98.3%
2	FAW-VW	11.1	5.3%
3	Changan Automobile	9.5	55.0%
4	Geely Automobile	9.1	32.9%
5	SAIC-GM-Wuling	7.7	-2.9%
6	SAIC VW	7.4	-7.7%
7	GAC Toyota	6.7	26.2%
8	Dongfeng Nissan	5.7	-10.8%
9	SAIC GM	5.3	-27.4%
10	FAW Toyota	5.0	-17.2%

Source: CPCA

Three Japanese OEMs release Chinese sales figures for February 2023, with only Toyota seeing slight increase
Three Japanese OEMs announced their sales results in China for February 2023.
Toyota sold 129,600 units in February, reflecting a year-over-year (y/y) increase of 0.9%. Year-to-date (YTD) sales volume was 243,600 units, down 12.2% y/y.
On March 3, Honda announced that its February sales volume was 74,142 units, reflecting a y/y decrease of 30.1%. YTD sales volume was 138,332 units, down 45.2% y/y. Specifically, YTD sales volumes of models equipped with Honda’s high-efficiency dual-motor hybrid power system and plug-in hybrid power system as well as battery electric vehicles totaled 27,351 units.
On March 6, Nissan announced that it sold 59,997 units in February, reflecting a y/y decrease of 10.6%. YTD sales volume was 107,518 units, down 41.4% y/y.

New vehicle sales by Japanese Makers-

Maker/Brand	Feb. 2023	Y-o-Y	Jan.-Feb. 2023	Y-o-Y	Note	Update
Toyota	129,600	0.9%	243,600	-12.2%	Retail Sales, Including import vehicle sales	Mar. 7. 2023
Nissan	59,997	-10.6%	107,518	-41.4%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Mar. 7. 2023
Honda	74,142	-30.1%	138,332	-45.2%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Mar. 7. 2023
Mazda	N/A	-%	N/A	-%	Retail Sales, Including import vehicle sales	-
Mitsubishi	N/A	-%	N/A	-%	Retail Sales, Including import vehicle sales	-
Subaru	N/A	-%	N/A	-%	Retail Sales	-

Source: Releases by each company

Flash report, January 2023

Feb 10, 2023

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.

New vehicle sales by type (Factory shipments)

	Jan. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)
Sedan/Hatchback	64.4	39.1	-36.9
MPV	5.5	3.3	-32.7
SUV	75.9	46.0	-28.3
Mini Van	1.1	0.7	-62.4
Passenger Cars Total	146.9	89.1	-32.9
Commercial Vehicles Total	18.0	10.9	-47.7
Grand Total	164.9	100.0	-35.0

Source:Created by MarkLines based on press release

New vehicle sales by brands (Factory shipments)
　(Note) The below chart includes estimates

	Jan. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)
Chinese brands	77.00	52.4	-24.1
Japanese brands	22.10	15.0	-52.0
German brands	29.86	20.3	-33.9
American brands	14.11	9.6	-29.8
Korean brands	2.38	1.6	-37.1
French brands	0.96	0.7	-45.2

Source : MarkLines Data Center

China - Production of vehicles

	Jan. 2023
	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

Source:Created by MarkLines based on press release

Sales of NEV

	Jan. 2023
	Units (10,000)	Share(%)	Y-o-Y(%)
EV	28.7	70.3	-18.2
PHV	12.1	29.7	42.5
FCV	0.02	0.05	-15.6
Total	40.8	100.0	-6.3

Source:CAAM, Each maker's press releases

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

Source:CAAM, Each maker's press releases

China - Top 10 best selling models

-	Maker/Brand	Model	Jan. 2023	Jan. 2022	Y-o-Y
1	BYD Auto	Song DM	42,684	16,411	160.1%
2	Tesla	Model Y	40,903	33,297	22.8%
3	Tesla	Model 3	25,148	26,548	-5.3%
4	BYD Auto	Yuan PLUS	23,231	2,000	1061.6%
5	VW	Sagitar	22,480	26,341	-14.7%
6	Haval	Haval H6	19,888	35,570	-44.1%
7	VW	Lavida	19,100	45,524	-58.0%
8	MG (2006-)	MG ZS SUV	18,686	6,256	198.7%
9	Geely	Bin Yue	18,648	17,018	9.6%
10	BYD Auto	Dolphin	17,629	10,602	66.3%

-	Maker	Jan. 2023 (10,000)	Y-o-Y
1	BYD Auto	14.0	47.1%
2	Changan Automobile	11.9	-18.2%
3	FAW-VW	11.1	-41.6%
4	Geely Automobile	8.8	-33.3%
5	SAIC VW	8.1	-41.4%
6	GAC Toyota	6.1	-30.3%
7	BMW Brilliance	5.7	-36.3%
8	SAIC GM	5.5	-54.2%
9	SAIC-GM-Wuling	5.2	-46.8%
10	Dongfeng Nissan	4.5	-59.3%

Source: CPCA

Three Japanese OEMs release Chinese sales figures for January 2023
Three Japanese OEMs announced their sales results in China for January 2023.
Toyota sold 113,800 units in January, reflecting a year-over-year (y/y) decrease of 23.5%.
On February 3, Honda announced that its January sales was 64,193 units, reflecting a y/y decrease of 56.2% due to the Spring Festival holiday. Specifically, sales of models equipped with Honda’s high-efficiency dual-motor hybrid power system and plug-in hybrid power system as well as battery electric vehicles totaled 11,158 units.
On February 6, Nissan announced that it sold 47,521 units in January, reflecting a y/y decrease of 64.4% due to the Spring Festival holiday.

New vehicle sales by Japanese Makers

Maker/Brand	Jan. 2023	Y-o-Y	Note	Update
Toyota	113,800	-23.5%	Retail Sales, Including import vehicle sales	Feb. 7. 2023
Nissan	47,521	-64.4%	Retail sales data are used from Jan. 2015. Passenger car, LCV and Import are included.	Feb. 7. 2023
Honda	64,193	-56.2%	Figures for Dongfeng Honda and Guangqi Honda (includes imported vehicles)	Feb. 7. 2023
Mazda	N/A	-%	Retail Sales, Including import vehicle sales	-
Mitsubishi	N/A	-%	Retail Sales, Including import vehicle sales	-
Subaru	N/A	-%	Retail Sales	-

Source: Releases by each company

China - Automotive Sales volume, 2023

Flash report, Automotive sales volume, 2023

Flash report, December 2023

Flash report, November 2023

Flash report, October 2023

Flash report, September 2023

Flash report, August 2023

Flash report, July 2023

Flash report, June 2023

Flash report, May 2023

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Flash report, March 2023

Flash report, February 2023

Flash report, January 2023

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