China Lifts Global Auto Sales as Market Share Hits 40% in Nov
China sold 31.08 million vehicles in the first 11 months, up 11% year on year, accounting for 35.4% of global sales.
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China sold 31.08 million vehicles in the first 11 months, up 11% year on year, accounting for 35.4% of global sales.
Domestic Chinese car brands were at a low level in both the number of recall events and the quantity of vehicles recalled, accounting for only 1.3% and 2.08% respectively.
The performance in the Chinese market was a major factor contributing to Toyota’s global sales decline.
From January to November this year, XPeng’s sales grew 170% year-on-year in the Asia-Pacific region (including China), 161% in Europe, and 66% in the Middle East, with its global sales rising 156% overall.
China’s passenger car market softened in early December, with retail sales down 19% YoY in the first three weeks, but NEVs remained resilient.
In November, BEVs accounted for 26% of total exports, PHEVs 17%, and HEVs 6%, while ICEs fell to 40%.
Chinese brands sold a combined 78,358 vehicles in Europe in November, up 108% year on year, lifting their market share to 7.4% from 3.6% a year earlier.
By the end of November, China’s public charging facilities grew to 4.625 million units, while private charging facilities reached 14.697 million units.
In November, the overall frequency of industry OTA updates moderated, with upgrades focused on the cabin domain experience.
Entering December, the automotive market is in an adjustment phase as multiple consumer stimulus policies are phased out.