China’s November Fuel Car Retail Sales Fall 22% Year on Year
The B-segment luxury fuel SUV market fell 22.6% year-over-year but rose 14.6% month-over-month, outperforming the mainstream fuel SUV market.
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The B-segment luxury fuel SUV market fell 22.6% year-over-year but rose 14.6% month-over-month, outperforming the mainstream fuel SUV market.
Great Wall Motor continues to lead pickups with steady domestic and overseas performance.
CATL and BYD firmly occupied the top two positions in installation volume with shares of 43.71% and 20.36% respectively, together holding nearly two-thirds of the market.
China’s EV market led globally in Jan-Nov, Europe posted the strongest growth, while the US market weakened as tax credits expired.
From January to November, China produced 14.907 million and sold 14.78 million new energy vehicles, up 31.4% and 31.2% year-on-year respectively.
China’s passenger-vehicle market showed no sign of the typical year-end surge in early December, with overall demand remaining weak.
Driven by its multi-brand strategy, the three brands—NIO, ONVO, and Firefly—have established differentiated growth patterns.
From January to November, Xiaomi Auto delivered a total of 361,625 vehicles, meeting its 350,000-unit annual target ahead of schedule.
In Nov, the BEV market continued to lead, growing 9.2% YoY, while EREVs and PHEVs showed a declining trend, with YoY drops of 4.3% and 2.8%, respectively.
In November, 19 models recorded notable price cuts, including five PHEVs, two EREVs, and two BEVs.