As December arrives, various automakers have successively released their November car sales figures. Established automakers still dominate the market, but the power of emerging players should not be underestimated.
Specifically, BYD SAIC Motor ranked first with 480,200 vehicles sold, with the Dynasty and Ocean series contributing the most, accounting for 423,600 vehicles, or 88% of the total. Ranked second, with sales of 461,000 vehicles, of which 316,000 were self-owned brands, accounting for 69%; Geely Automobile ranked third with sales of 310,400 vehicles, among which Geely Galaxy performed particularly well, with sales of 130,000 vehicles in November alone, a year-on-year increase of 76%.
Looking at cumulative sales from January to November, while BYD , SAIC Motor , and Geely Automobile still occupy the top three positions, their year-on-year growth rates have diverged. Geely Automobile saw a 42% year-on-year increase, while BYD and SAIC Motor saw increases of 11.3% and 16.4%, respectively. Compared to established automakers, emerging electric vehicle manufacturers show even greater differences in year-on-year growth, with XPeng and Leapmotor achieving the largest increases at 155.5% and 113.4%, respectively.
Li Auto A year-on-year decrease of 18.1%.
While overall automotive industry data for November has not yet been released, data from the China Association of Automobile Manufacturers (CAAM) for the first 10 months of this year shows that automobile sales reached 27.687 million units, a year-on-year increase of 12.4%. Based on this, 7 out of 12 automakers outperformed the market.
(Article source: Hafu Securities) )
