This website does not support IE8 and below. 06 January 2023. Greater China salesNovember 2022:”>-11.5%; 2.11 million

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units vs. 2.38.
China increased 2.8% from
21.31 million units to 21.91 million. Specifically, guest vehicle sales
increased 7.6% y/y to. 19.32 million units, while LCV sales reduced 22.9% y/y to 2.6.
utility automobile (SUV) segment increased 4.7 %y/y from 8.43 million.
systems to 8.82 million units. YTD sales of multipurpose vehicles.
( MPVs) reduced 1.5% y/y to 0.68 million units.Chinese auto sales in November were severely hindered by.
COVID-19 constraints in China. The prolonged pandemic has slowed. Starting from the start of December, a. raft of cities has started to alleviate COVID-19 pandemic-related.
The relaxing of containment. policies has set the stage for a more comprehensive economic healing from. COVID-19 interruptions, although it will take time for consumer. confidence to climb.In November, sales of internal combustion engine( ICE) lorries. in the broader guest car market contracted by 30% y/y, with. customers relying on new-energy automobiles (NEVs ).
The strong development. in NEV need is assisted by federal government rewards, consisting of. aids and purchase tax exemption. Passenger vehicle sales in. December may be assisted by rewards offered by car manufacturers in an. effort to clear inventories and improve year-end sales.
The end of. central federal government electric lorry( EV )aids by the end of
. 2022 will also assist to persuade consumers to make their purchases.
within the year. In the 4th quarter, car sales will be.
constrained by the resurgence of COVID-19 infections in the.
In the year to.( PHEVs) from 2023 to move their focus to battery-electric lorries. We anticipate NEV penetration to edge close to 26% in 2022,.
supported by strong products.With strong year-end stimulations and significant easing of COVID-19. associated constraints, light vehicles sales need to grow by 3.6 %to.
24.76 million systems in 2022, of which passenger vehicles are. approximated to increase 7.7% y/y to 21.75 million units, while LCVs.
are forecast to decline 18.8% to 3.01 million units.Greater China
productionNovember 2022: -15.3 %; 2.16 million units vs. 2.55. million unitsYTD 2022: +8.6%; 23.85 million systems vs. 21.97
million. unitsGreater Chinas light car production in November taped
. 2.16 million systems for a decrease of 15.3 %year on year( y/y).
In. mainland China, light car production decreased 15.5 %y/y to.
2.13 million units. The spread of COVID-19 in significant market cities.
led to light car production losing momentum in mainland China.
in November after Octobers golden getting season. Changan was.
struck in the first wave as all manufacturing centers in Chongqing.
were closed down for 10 days in November. FAW-VWs plant in Chengdu.
was likewise shut down briefly at the end of November owing to.
regional COVID-19 cases. Even assembly line in Changchun plants.
were closed owing to supply shortages. These supply chain.
In mainland China, light automobile production will be 26.08.
million units for a 6.1 %y/y boost. Heavily harmed by the. November lockdown and possible supply disturbance in December, we.
decreased the 2022 mainland China light automobile production by 350,000.
systems compared with the November projection, causing 6.1% y/y.
growth in the December forecast( 1.5% lower than the November. projection ). The most recent vehicle
inventory alert (VIA) index, issued by the. China Automobile Dealers Association( CADA), stood at. 65.3 %– with a boost of 6.3% month on month( m/m) and 9.9%. greater than in the same period of 2021– above the threshold.
In. November, the epidemic continued to broaden, and the car market.
sales performance fell short of expectations. Car shows and.
marketing activities around the country could not be brought out.
efficiently owing to limitations to assist manage the pandemic, and.
the automobile market was reasonably peaceful. The release of suppressed.
consumer need for vehicles was hindered by the closures of many.
dealers.In November, production of traveler lorries in Greater China. reduced 10.9 %y/y to 1.94 million units. Market segment-wise, car.
production stood at 0.9 million systems with a 13.2 %y/y decline.
Production of multipurpose cars( MPVs )increased 12.2% y/y to.
70,219 units. Production of sport utility lorries( SUVs) reduced.
9.9% y/y to 0.97 million units. Plant closures due to COVID-19.
cases caused Changan suffering a 45 %production loss of 400,000
. systems in November. FAW-VW might build just 110,000 systems, falling. 30% in November. On the contrary, encouraged by an ending aid,. the new-energy vehicle( NEV) market kept momentum in. November. Tesla accomplished sales of over 100,000 systems, contributed. by domestic need for the Model Y and exportation of the Model 3.
Thanks to a trusted internal supply chain, BYD continued to.
dominate the passenger vehicle market with industry output of over 2.
million units– 127% y/y development in November.
The Dynasty series. contributed a significant share as the Han and Song plus rose up by. 145 %and 125% y/y, respectively.In November, light
industrial lorry production in Greater. China published 0.22 million systems, falling 41.6% y/y.
y decrease. This short article was published
by S&P Global Mobility and

not by S&P Global Ratings, which is an independently handled department of S&P Global. RELATED INDUSTRIES & TOPICS. Advised for you. 2022 Automotive Solutions

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China increased 2.8% from
21.31 million units systems 21.91 million. 65.3 %– with an increase of 6.3% month on month( m/m) and 9.9%. 145 %and 125% y/y, respectively.In November, light
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