China’s passenger car sales fell 45% on year in Jan 1 – 27 – industry body

Retail sales of passenger vehicles in mainland China reached about 985,000 units in the period of Jan 1-27, falling 45% from a
Retail sales of passenger vehicles in mainland China reached about 985,000 units in the period of Jan 1-27, falling 45% from a
China exported a total of 3.11 million units of vehicles in 2022, surging 54.4% from a year earlier, according to data released by the China Association of Automobile Manufacturers.
Chinese electric vehicle maker BYD Company surged as much as 9.1% to hit HK$236.8, the highest in more than four month. Its
China’s retail sales of passenger cars reached 2.169 million units in December of 2022, rising by 3% from a year earlier and jumping by 31.4% from the prior month, marking the fastest month-on-month growth for the month since 2008, according to data released by the China Passenger Car Association on Tuesday.
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South Korean electric vehicle battery makers’s global market share dropped in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, shows a research.
China’s vehicle inventory alert index, which reflects the inventory pressure on auto dealers, hit 58.2% in December, rising by 2.1 percentage points from a year earlier, but sliding 7.1 percentage points from the previous month.
China’s auto dealers were under high inventory pressure in 2022, and about 50% of dealers suffered losses last year, according to a survey conducted by the China Association of Automobile Manufacturers.
Chinese automakers are sliding in Hong Kong, with NIO slumping nearly 10% as of 10 am local time, Xpeng Motors down more than 7%, Li Auto falling nearly 6%, Great Wall Motors down 2.2%.
China’s retail sales of passenger vehicles are expected to reach 2.2 million units in December, rising 4.5% from a year earlier and up 33.3% from the previous month.
Xpeng Motors is surging 11.5%, Nio and Li Auto gaining about 5%, Leapmotor and Great Wall Motors up more than 3%. Data
China’s retail sales of passenger cars reached 542,000 units in the week of Dec 12 – 18, rising 18% from a year
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Czech carmaker Skoda Auto considers withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by Automobilwoche magazine.
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