GXED(600617) 中国经济网·2025-01-14 04:01Core Insights - In 2024, China's automobile production and sales reached 31.28 million and 31.44 million units respectively, marking a growth of 3.7% and 4.5% compared to the previous year, maintaining its position as the world's largest automobile market for 16 consecutive years [4][6][9] Group 1: Overall Market Performance - The total automobile production and sales exceeded 31 million units, with production at 31.28 million and sales at 31.44 million, reflecting a significant growth trend [4][6] - The sales of passenger vehicles reached 25.58 million, showing a growth of 1.6%, indicating a release of consumer potential [4][6] Group 2: New Energy Vehicles (NEVs) - In 2024, NEV production and sales surpassed 12.88 million and 12.86 million units respectively, with growth rates of 34.4% and 35.5% [5][6] - NEVs accounted for 40.9% of total vehicle sales, an increase of 9.3 percentage points from 2023, with over 50% of new passenger vehicle sales being NEVs for six consecutive months [5][6] Group 3: Export Performance - Despite external pressures, China's automobile exports grew by 19.3% in 2024, reaching 5.859 million units, with passenger vehicle exports at 4.955 million and commercial vehicle exports at 904,000 [6][7] - NEV exports reached 128,400 units, marking a growth of 6.7%, with hybrid and extended-range vehicles gaining recognition in overseas markets [6][7] Group 4: Future Trends and Innovations - The automotive industry is focusing on smart technology, with over 60% of new NEVs equipped with L2-level or higher intelligent driving assistance systems in 2024 [8] - The integration of AI technology in vehicles is expected to enhance competitiveness and reduce costs, with significant collaborations and mergers anticipated in the industry [8][9]