Automotive Industry Production and Sales in June 2024
Jul 12, 2024According to an analysis by the China Association of Automobile Manufacturers, the main economic indicators of the automotive industry have shown growth since the beginning of this year. Due to a relatively low base in the same period of the first quarter, the growth rate exceeded double digits, and the overall growth rate slowed down compared to the first quarter in the second quarter.
📈 In the first half of the year, domestic sales increased slightly year-on-year, and terminal inventory was higher than the normal level. Automobile exports continued to grow rapidly, significantly contributing to the overall market growth, but the growth rate of new energy vehicle exports has slowed down noticeably.
🚘 The production and sales of new energy vehicles continued to grow rapidly, with market share steadily increasing. According to the association's statistics, by the end of June this year, the cumulative production and sales of domestic new energy vehicles exceeded 30 million units.
🇨🇳 Chinese brand passenger car market share exceeded 60%, achieving an upward breakthrough.
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