From January to August, China's automobile production and sales increased by 4.8% and 1.7% year-on-year, respectively

According to data from the Ministry of Industry and Information Technology, from January to August 2022, China's automobile production and sales reached 16.
967 million units and 16.
86 million units, respectively, a year-on-year increase of 4.
8% and 1.
7%.

Thereinto;

From January to August, China's passenger car production and sales totaled 14.
803 million units and 14.
655 million units, up 14.
7% y/y, up 11.
7%
y/y.

By vehicle type, sedan production and sales totaled 6.
998 million units and 6.
961 million units, up 16.
4% y/y and 14% y/y, respectively.
SUV production totaled 7.
039 million units, up 17.
1% y/y, and sales totaled 6.
93 million units, up 12.
9% y/y.
MPV production totaled 562,000 units, down 10.
4% y/y, and sales totaled 558,000 units, down 10.
5% y/y.
Production of crossover passenger cars totaled 202,000 units, down 19.
3% y/y, and sales totaled 205,000 units, down 18.
7%
y/y.

From January to August, the cumulative sales of Chinese brand passenger cars were 6.
998 million units, a year-on-year increase of 24.
5%, accounting for 47.
8% of the total passenger car sales, and the market share increased by 4.
9 percentage points
year-on-year.

Among them, car sales were 2.
699 million units, a year-on-year increase of 51.
5%, with a market share of 38.
8%; SUV sales were 3.
767 million units, up 19% y/y, with a market share of 54.
4%.
MPV sales were 328,000 units, down 22.
7% y/y, with a market share of 58.
7
%.

From January to August, China's commercial vehicle production totaled 2.
165 million units, down 34.
1% y/y, and sales totaled 2.
206 million units, down 36.
2%
y/y.
In terms of vehicle type, truck production totaled 1.
921 million units, down 34.
9% y/y, and sales totaled 1.
962 million units, down 37.
2% y/y.
Bus production totaled 243,000 units, down 27.
7% y/y, and sales totaled 26.
9%
y/y.

From January to August, China's new energy vehicle production and sales reached 3.
97 million units and 3.
86 million units, respectively, a year-on-year increase of 1.
2 times and 1.
1 times, with a market share of 22.
9%.

From January to August, China's automobile exports reached 1.
817 million units, a year-on-year increase of 52.
8%.

By vehicle type, passenger car exports reached 1.
446 million units, up 56.
4% y/y.
Commercial vehicle exports were 371,000 units, up 40.
2%
y/y.
Exports of new energy vehicles reached 340,000 units, a year-on-year increase of 97.
4%.

From January to July, the added value of China's automobile manufacturing industry increased by 1.
3% year-on-year; The operating income was 4.
87878 billion yuan, down 0.
3% year-on-year; The profit was 273.
94 billion yuan, down 14.
4% year-on-year, and the profit margin was 5.
6%.