China: New car sales in August, up 11%: 5 consecutive months positive
China Automobile Industry Association:
On September 10, it announced that new car sales in August were 2,186,000 units, up 11.6% from the same month of the previous year.
It has exceeded the previous year’s results for 5 consecutive months.
New energy vehicles increased by 25.8% to 109,000 units.
Sales by vehicle type:
Commercial vehicle:
Commercial vehicles will drive sales expansion, up 41.6% to 431,000 units.
Infrastructure investment increased, and demand for trucks swelled significantly.
Passenger car:
It increased by 6.0% to 1,755,000 units.
The government’s sales subsidy was successful.
SUVs were towing and sedans were also strong.
NEV car:
In addition to EVs, PHVs also increased significantly. The high popularity of US Tesla continued, and sales also increased.
By manufacturer:
Toyota Motor Co., Ltd. and Honda Motor Co., Ltd. reached record highs in August sales.
Volkswagen (VW) of Germany and General Motors (GM) of the United States are also doing well.
Pickup trucks are popular among Chinese, and sales of Great Wall Motor have increased by nearly 30%.
Geely Holding Group also secured a double-digit growth rate.
Nihon Keizai Shimbun
https://www.nikkei.com/article/DGXMZO63681760Q0A910C2FFE000/
China: Small EV sales are strong: NEV sales boosted
Shanghai
September 11, 2020
China Passenger Car Market Information Conference:
On September 8, the number of passenger cars sold in August was announced.
It increased by 8.9% from the same month of the previous year to 1.73,000 units, the largest increase since May 2018.
NEV, which had been sluggish until now, increased significantly by 43.7%, exceeding 100,000 units.
August NEV sales:
The number of units sold by manufacturer is
SAIC Motor,
Guangxi,
Shanghai General Motors (GM joint venture),
With 18,300 units, it became the top.
BYD (14,300 units) and Tesla (11,800 units) were suppressed.
Vehicles to be promoted:
According to this notification, 16 models from 10 automobile manufacturers are targeted for promotion.
Three models of SAIC-GM-Wuling Automobile have been designated as targets for promotion.
Among them, the sales volume of the 2-door compact EV “Hongkou MINI” reached 15,000.
Sales are expected to have increased due to the effect of the notification.
-JETRO
https://www.jetro.go.jp/biznews/2020/09/08c9b0a43d987c45.html