South Korean media: China's passenger vehicle sales in September set a new historical high, with new energy vehicles accounting for as high as 57.8%!
On November 12, the South Korean media "Today's Finance" published an article stating that in September, China's passenger vehicle sales continued to grow and set a new historical high. The pace of automotive electrification has accelerated, with electric vehicles accounting for 57.8% of China's passenger vehicle market.
The China Passenger Car Association recently announced that China's passenger vehicle sales in September reached a new monthly high of 2.241 million units, an increase of 6.3% year-on-year. The cumulative sales of passenger vehicles for the first nine months of the year also set a new historical high, reaching 17 million units, an increase of 9.2% year-on-year.
China's automobile market welcomed the September peak season, with an increase in sales due to the influx of more than 70 new models, and the car purchase subsidy policy also encouraged Chinese people's enthusiasm for buying cars.
According to the information, among the 14 listed Chinese automobile manufacturers, 11 had year-on-year sales growth in September. Electric vehicles were the main driving force behind this growth. According to data from the China Passenger Car Association, in September, new energy vehicles accounted for 57.8% of new passenger vehicle sales in China, an increase of 5 percentage points compared to the same period last year. This means that out of every 10 new cars sold, about 6 were new energy vehicles.
In September, SAIC Group ranked first in China's passenger vehicle sales. SAIC Group sold 439,777 vehicles, an increase of 40.4% year-on-year. Among them, electric vehicles totaled 189,498 units, accounting for 43.1% of total passenger vehicle sales. The cumulative sales for January-September this year reached 3,193,270 units.
SAIC Group has seen an increase in sales of its own brands in recent years through joint production of cars with global automobile manufacturers such as General Motors and Volkswagen.
China's leading electric vehicle company BYD ranks second. Its sales in September fell by 5.5% to 396,270 units, marking the first monthly decline in 18 months since March 2024. All of BYD's sales were electric vehicles. The sales of pure electric vehicles increased by 24.3% to 205,000 units, while the sales of plug-in hybrid vehicles decreased by 25.6% to 188,000 units, forming a sharp contrast.
At the same time, Geely Automobile and Chery Automobile, ranking third and fifth, have steadily captured BYD's electric vehicle market share. Geely Automobile's sales in September reached 273,125 units, an increase of 35.2% year-on-year. Among them, the sales of electric vehicles increased by 81.3% to 165,201 units, accounting for 60.5% of total passenger vehicle sales.
Chery Automobile also announced satisfactory sales performance, with September sales reaching 255,584 units, an increase of 8.9% year-on-year. Among them, the sales of electric vehicles increased by 17.2% to 83,498 units.
Mr. Choi Dong-soo, Secretary-General of the China Passenger Car Association, said: "With the increasing status of electric vehicles as durable consumer goods, the speed of new vehicle launches continues to accelerate, and the technical level of the vehicles is rapidly improving, enhancing their competitiveness. Starting next year, the tax deduction rate for electric vehicle purchases will be reduced from 100% to 50%, so consumers' focus on purchasing new cars may be concentrated at the end of this year."
Original: www.toutiao.com/article/1848549088866633/
Statement: The article represents the views of the author.