The "New energy Fund" subsidy has a strong impact! In December, China's sales of New energy Fund vehicles increased by 37.5% year-on-year, with a penetration rate exceeding 50% for five consecutive months in 2024.

The Passenger Vehicle Federation stated that in 2024, the wholesale, production, and export of the passenger vehicle market will all reach annual historical highs, and there is still huge potential for consumer promotion in 2025.

wallstreetcn20:22

China Passenger Vehicle Association: It is expected that this year's retail sales of New energy Fund Passenger Vehicles will increase by 20% year-on-year to 13.3 million vehicles.

The China Passenger Vehicle Market Information Joint Conference analyzed the outlook for the national Passenger Vehicle market in January 2025. Based on the continuation of policies in 2024, it is determined that domestic retail sales in the automotive market will reach 23.4 million units, with an annual growth of 2%. Retail sales of New energy Fund Passenger Vehicles will be 13.3 million units, growing annually by 20%, with a penetration rate of 57%. Attention should be paid to the implementation of promotional policies during the sales push at the end of 2024, noting that currently, provincial and municipal subsidies are being approved faster than company subsidies. It is important to focus on user reassurance and follow-up procedures to enhance Consumer satisfaction and recommendation regarding the sales process.

AASTOCKS16:38

The China Passenger Car Association expects sales to decline year-on-year in January, estimating that the decrease will not exceed 20%.

The China Passenger Vehicle Industry Information Joint Conference analyzed the outlook for the national passenger vehicle market in January 2025, stating that there will be 19 working days in January 2025, three days less than both January and December of last year. The Automobile Industry typically takes an early break before the Spring Festival, meaning the effective production and sales time in January will be short. January is a time of significant fluctuations in the automobile market, greatly affected by the external economic environment and seasonal demand, especially due to the impact of the Spring Festival. The Joint Conference explained that the adverse effects from current changes in the external environment have deepened, while the overall operation of the domestic economy remains stable and is steadily advancing, but still faces insufficient domestic demand and hidden risks.

AASTOCKS16:29

Mainland Passenger Vehicle exports grew by 6% year-on-year last month, with Electric Vehicles accounting for 30% of the export volume.

Data released by the China Passenger Vehicle Market Information Joint Conference shows that in December 2024, the export of Passenger Vehicles (including complete vehicles and CKD) reached 0.404 million units, with a year-on-year growth of 6% and a month-on-month growth of 2%. The total export of Passenger Vehicles for the entire year of 2024 is projected to be 4.791 million units, a year-on-year increase of 25%. The data indicates that in December 2024, Electric Vehicles accounted for 30.2% of the total export volume, an increase of 3.1 percentage points year-on-year. Among them, self-owned brand exports reached 0.345 million units, with a year-on-year growth of 4% and a month-on-month growth of 1%; joint venture and luxury brand exports stood at 0.058 million units, marking a year-on-year increase of 16%.

AASTOCKS16:25

Last month's retail sales of New energy Fund Automobiles in the mainland grew by 37.5% year-on-year, and for the whole of last year, the growth was 40.7%.

Data released by the China Passenger Vehicle Market Information Joint Meeting shows that in December 2024, national retail of passenger vehicles reached 2.635 million units, representing a 12% year-on-year increase and an 8.7% month-on-month increase. The total retail for the entire year of 2024 is expected to reach 22.894 million units, with a year-on-year growth of 5.5%. The data indicates that in December 2024, the retail of New energy Fund passenger vehicles was 1.302 million units, a 37.5% year-on-year increase and a 2.6% month-on-month increase. The total retail for the entire year of 2024 is expected to reach 10.899 million units, with a year-on-year growth of 40.7%.

AASTOCKS16:18

Express News | The Passenger Vehicle Association: In December, domestic retail sales of New energy Fund Passenger Vehicles reached 1.302 million units, an increase of 37.5% year-on-year.

Breakings16:08