中国汽车月产销量首度突破300万辆大关

Core Insights - The Chinese automotive market has shown robust growth in the first three quarters of the year, with total production and sales exceeding 24 million units, reflecting a year-on-year increase of over 12% [1][3] - New energy vehicles (NEVs) have reached significant milestones, with sales surpassing 11 million units and a market penetration rate approaching 50% [1][4] - The market dynamics are supported by government policies and strong consumer demand, indicating a positive outlook for the fourth quarter [1][5] Automotive Production and Sales - In September, automotive production reached 3.276 million units, while sales were 3.226 million units, marking a month-on-month increase of 16.4% and 12.9% respectively, and a year-on-year growth exceeding 14% [1] - Cumulatively, automotive production and sales for the first three quarters were 24.333 million and 24.363 million units, with year-on-year growth of 13.3% and 12.9% [3] Passenger Vehicle Segment - The passenger vehicle sector demonstrated stability in September, with production and sales of 2.9 million and 2.859 million units, reflecting month-on-month growth of 16% and 12.5% [2] - Chinese brands performed exceptionally well, with sales of 2.007 million units in September, a year-on-year increase of 17.4%, capturing 70.2% of the total passenger vehicle sales [2][3] Commercial Vehicle Performance - The commercial vehicle market also rebounded strongly in September, with production and sales reaching 376,000 and 368,000 units, showing month-on-month increases exceeding 16% and year-on-year increases of 27.7% and 29.6% [4] - Cumulatively, commercial vehicle production and sales for the first three quarters were 3.091 million and 3.117 million units, with year-on-year growth of 9.4% and 7.8% [4] New Energy Vehicles - NEVs achieved remarkable sales figures in September, with production and sales of 1.617 million and 1.604 million units, both showing month-on-month growth exceeding 15% and year-on-year growth exceeding 23% [4] - For the first three quarters, NEV production and sales surpassed 11.2 million units, reflecting a year-on-year growth of approximately 35% and a market share of 46.1% [4] Market Outlook - The "old-for-new" vehicle policy is expected to have a moderating effect on growth in October, but the introduction of new models is anticipated to stimulate short-term sales [5]