Preface
Retail sales of passenger vehicles advanced 4.5% compared to the previous year, reaching 2.1 million units - the highest monthly total in 2024, according to data from the China Passenger Car Association (CPCA).
Electric vehicles and plug-in hybrids showed significant growth, with sales rising 50.9% year-on-year to 1.1 million units. This marked the second consecutive month where sales of these vehicles surpassed 1 million units.
In this report, Infoturbo provides an overview of the sales for each segment in the Chinese car market in September 2024. Take a look!
Editorial Review
Notably, Sales of electric vehicles and plug-in hybrids jumped 50.9%, accounting for 53.3% of overall sales. It was the third month in a row that battery-powered vehicles including plug-ins outnumbered sales of gasoline-engine cars in China.
Despite YoY sales declines, all German, French, American, Japanese, South Korean and other European brands embraced MoM sales growth, demonstrating that the market is gradually warming up. Chinese brands maintained their robust growth in September, with BYD, Li Auto, and XPeng achieving their best-ever sales figures for the month.
Industry associations project that the domestic market's upward trajectory will seamlessly transition into October, a month historically marked by strong auto sales.
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NEV Popularity Rankings in September 2024
Infoturbo (previously known as NewsTurbo) is China's first English-language automotive news WeChat account that offers sophisticated insights into the industry, with a focus on the government's auto industry policies, and the latest tech trends like car sharing, connectivity, electrification, and autonomous driving.
