Toyota’s China Sales Fall 12% in Nov, EV Sales Hit 86,928 Units
The performance in the Chinese market was a major factor contributing to Toyota’s global sales decline.
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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.
The year-end seasonal uptick, combined with the spillover effect from strong new car sales, has boosted trading activity in the used car market.
Despite the short-term slowdown, cumulative NEV performance for the year remained strong. Year-to-date NEV retail sales reached 11.948 million units, up 18% YoY.