In April, BYD temporarily ranked first among domestic electric vehicle companies with sales of 313,245 units.
According to data from the General Administration of Customs compiled by the China Association of Automobile Manufacturers, in February 2024, the export value of auto parts products showed a rapid year-on-year growth rate. The export value of auto parts products reached US$7.32 billion, down 24.1% month on month and up 17.1% year on year. From January to February 2024, the export value of auto parts products was US$16.97 billion, an increase of 14% over the previous year.
A list of NEV companies' results for April has been announced:
Xiaomi Auto: Delivery of 7058 units was completed in April. As of 24:00 on April 30, the number of Xiaomi SU7 locks had reached 8,8063 units.
NIO Auto: Delivered 15,620 new vehicles in April, up 134.6% year on year. A total of 45,673 vehicles were delivered during the year, up 21.2% year on year.
Xiaopeng Motors delivered 9,393 vehicles in April, up 33% year on year and 4% month on month. A total of 31,214 vehicles were delivered during the year, up 23% year on year.
Ideal cars: 25,787 vehicles were delivered in April, up 0.4% year on year, with a cumulative total of 739,551 vehicles delivered.
Extreme Krypton: 16,089 units were delivered in April, up 99% year on year and 24% month on month, reaching another record high.
Zero Sports: 1,5005 units were delivered in April, an increase of 72% over the previous year.
Rantu Auto: Delivered 4003 vehicles in April, a year-on-year increase of 20%.
In April, BYD temporarily ranked first among domestic electric vehicle companies with sales of 313,245 units.
Guolian Securities released a research report saying that since 2020, domestic automobile exports have rapidly resumed and resumed production. Automobile exports have grown from 1.08 million to 5.22 million units. The CAGR in 2020-2023 was 69%. Domestic automobile exports have achieved rapid growth, surpassing Japan as the world's largest automobile exporter.
With the gradual enrichment of car companies' external marketing networks and the gradual improvement of production capacity layout, the bank expects to export 5.35 million passenger cars in 2024, an increase of 30% over the previous year, maintaining a rapid growth trend.
The bank believes that high-quality vehicle and parts companies are benefiting from the wave of going overseas, and that the domestic automobile industry is going overseas, and that high export growth has boosted sales.
Electric vehicle related companies:
BYD (01211), Weilai-SW (09866), Ideal Automobile-W (02015), Xiaopeng Motor-W (09868), Great Wall Motor (02333), Geely (00175), etc.