On December 11th, the China Association of Automobile Manufacturers (CAAM) released the production and sales volume of the automobile industry in November 2020, which were 2.847 million and 2.77 million respectively, with a month-on-month increase of 11.5% and 7.6%, and a year-on-year increase of 9.6% and 12.6%.
From January to November, the production and sales volume of automobiles were 22.372 million and 22.47 million respectively, with a year-on-year decrease of 3.0% and 2.9%. Compared with the first ten months, the decline narrowed by 1.6 and 1.8 percentage points respectively.
Among them, the production and sales volume of new energy vehicles continued to grow rapidly, reaching 198,000 and 200,000 respectively, with a month-on-month increase of 17.5% and 24.1%, and a year-on-year increase of 75.1% and 104.9%. Compared with the previous month, pure electric vehicles and plug-in hybrid electric vehicles showed a faster growth trend. Compared with the same period last year, the production and sales growth rates of pure electric vehicles and plug-in hybrid electric vehicles both exceeded 60%, and the year-on-year growth rate of sales of plug-in hybrid electric vehicles exceeded 100%.
From January to November, the production and sales volume of new energy vehicles were 1.119 million and 1.109 million respectively, with a year-on-year decrease of 0.1% in production and a narrower decline of 9.1 percentage points than the first ten months, and a year-on-year increase of 3.9% in sales, ending the downward trend. Among the main types of new energy vehicles, plug-in hybrid electric vehicles showed a growth trend compared with the same period last year, and the production and sales volume of pure electric vehicles decreased slightly but showed a certain trend of growth in sales.
🔗Source: China Association of Automobile Manufacturers
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