7 Chinese Automakers To Hit 1 Million Annual Sales

According to the China Passenger Car Association (CPCA), the retail sales of passenger cars in October reached 2.25 million, with a month-on-month growth of 2% and a year-on-year growth of 3%.

In terms of automotive types, the month-on-month growth of October was mainly due to the 5% month-on-month growth of SUV. Sedans saw a good rebound driven by new energy vehicles, while MPV still dropped off.

Related: China Produced 28.12 million Automobiles in 2016

By the statistics of the CPCA, the total sales of Dongfeng Nissan and Geely from January to October were 969,105 and 909,584 respectively, without much doubt to hit 1 million, while the total sales of Changan were 844,092, also with great potential to join 1 million group. To summarize, it’s very likely that there may be seven automotive companies that have sold more than 1 million passenger cars in China by the end of this year.

Haval SUVs are parked outside the Great Wall Motors assembly plant in Baoding in north China’s Hebei province.

The sales of new energy passenger vehicles in October reached 65,000, 7,000 more than September with a month-on-month growth rate of 102%. Among them, the sales of A00-class full electric passenger car was 34,300, accounting for 65% of the passenger car market. The secretary general of the CPCA, Cui Dongshu predicted that, the annual sales of new energy passenger vehicles in 2017 will exceed 500,000.

Related: Great Wall Motors- 1 Million Vehicles Sold in 2016

Last year (2016), Great Wall Motors became the second Chinese auto manufacturer after Changan to sell more than 1 million units in a calendar year. Great Wall Motors sold 1,074,471 units in 2016.

Source: Gasgoo


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