On November 10th, China Automobile Association announced the production and sales of automobile industry in October, 2022. In October, the production and sales of automobiles were 2.599 million and 2.505 million respectively, down by 2.7% and 4% from the previous month and up by 11.1% and 6.9% respectively. Affected by the epidemic situation, the terminal market is under pressure, and the production and supply is slightly lower than that in September. Due to the continuous efforts of the vehicle purchase tax reduction policy, compared with the same period of last year, the production and sales volume still maintained a growth momentum.

From January to October, the production and sales of automobiles were 22.242 million and 21.975 million respectively, up by 7.9% and 4.6% respectively. Compared with January-September, the growth rate increased by 0.5 and 0.3 percentage points respectively.

New energy vehicles hit record highs.

The production and sales of new energy vehicles were 762,000 and 714,000 respectively, up by 87.6% and 81.7% respectively, and the market share reached 28.5%.

From January to October, the production and sales of new energy vehicles were 5.485 million and 5.28 million respectively, with a year-on-year increase of 1.1 times and a market share of 24%.

Automobile exports hit a new high.

In October, among the top ten enterprises that exported complete vehicles, SAIC exported 74,000 vehicles, down 6.7% year-on-year, accounting for 22% of total exports. Compared with the same period of last year, Jiangqi's export growth rate is the most significant, with an export volume of 10,000 vehicles, a year-on-year increase of 1.5 times. From January to October, among the top ten enterprises of vehicle export, compared with the same period of last year, all enterprises showed different degrees of growth. Among them, Geely's export growth rate is the most significant, with an export volume of 160,000 vehicles, up 86% year-on-year.

In October, the export of automobile enterprises reached a record high, reaching 337,000 vehicles, up 12.3% from the previous month and 46% from the same period last year. In terms of vehicle types, passenger cars exported 279,000 vehicles this month, up 11.6% from the previous month and 40.7% from the previous year, while commercial vehicles exported 59,000 vehicles, up 15.5% from the previous month and up 77.5% from the previous year. 109,000 new energy vehicles were exported, up 1.2 times from the previous month and up 81.2% from the same period last year. From January to October, automobile enterprises exported 2.456 million vehicles, a year-on-year increase of 54.1%. In terms of vehicle types, the export of passenger cars was 1.975 million, a year-on-year increase of 57.1%; 480,000 commercial vehicles were exported, a year-on-year increase of 43%. The number of new energy vehicles exported was 499,000, a year-on-year increase of 96.7%.

According to the data compiled by the General Administration of Customs of China Automobile Industry Association, in September, 110,000 new energy vehicles were exported, a decrease of 2.3% from the previous month and a 1.3-fold increase from the previous year, of which the Belgian market was the core market, with a 4.3-fold increase from the previous year.

From January to September, among the top ten countries of China's automobile export volume, Mexican and Thai markets still performed well, increasing by 2.1 times and 1.5 times respectively. The top three markets for the export of new energy vehicles are still Belgium, Britain and Thailand.