According to the statistical analysis of China Automobile Industry Association, in October 2022, automobile production and sales continued to develop steadily. In October, automobile production and sales continued to grow, and the cumulative year-on-year growth rate continued to develop steadily. Purchase tax concessions and other policies to promote consumption continued to exert strength, and the production and sales of passenger cars continued to maintain double-digit growth year-on-year; Commercial vehicles are still in a low position; This month, the production and sales of new energy vehicles and automobile exports reached record highs, which continued to drive the steady growth of automobile production and sales in China.

In October, the production and sales of automobiles were 2.599 million and 2.505 million respectively, down by 2.7% and 4% from the previous month and up by 11.1% and 6.9% from the same period last year. Affected by the epidemic situation, the terminal market is under pressure, and the production and supply is slightly lower than that in September. Due to the continuous efforts of the vehicle purchase tax reduction policy, compared with the same period of last year, the production and sales volume still maintained a growth momentum. From January to October, the production and sales of automobiles were 22.242 million and 21.975 million respectively, up by 7.9% and 4.6% respectively. Compared with January-September, the growth rate increased by 0.5 and 0.3 percentage points respectively.

The passenger car market continues to maintain rapid growth. In October 2022, the production and sales of passenger cars were 2.334 million and 2.231 million respectively, down by 3.1% and 4.3% from the previous month and up by 16.9% and 10.7% from the previous year.

From January to October of 2022, the production and sales of passenger cars were 19.551 million and 19.218 million respectively, up by 17.3% and 13.7% respectively. Among the main types of passenger cars, compared with the same period of last year, the production and sales of cars and SUVs have maintained a rapid growth, while the other two types of cars have declined to varying degrees.

The commercial vehicle market is still at a low level. In October 2022, the production and sales of commercial vehicles were 265,000 and 273,000 respectively, with the output increasing by 0.8% from the previous month and the sales volume decreasing by 1.8% from the previous month; Decreased by 22.7% and 16.2% respectively. Among the main varieties of commercial vehicles, compared with last month, the output of trucks increased slightly, the sales volume decreased slightly, and the production and sales of passenger cars decreased. Compared with the same period of last year, the output of passenger cars increased slightly, the sales volume decreased slightly, and the production and sales of freight cars decreased obviously.

From January to October 2022, the production and sales of commercial vehicles were 2.691 million and 2.757 million respectively, down by 31.7% and 32.8% respectively. The decline was 0.9% and 1.4% narrower than that in January-September.

New energy vehicles continue to grow at a high speed, and monthly production and sales hit a new high. In October, the production and sales of new energy vehicles were 762,000 and 714,000 respectively, up by 87.6% and 81.7% respectively, and the market share reached 28.5%. Among them, the production and sales of pure electric vehicles were 581,000 and 541,000 respectively, up by 71.9% and 66.6% respectively; The production and sales of plug-in hybrid electric vehicles were 181,000 and 172,000 respectively, up 1.6 times and 1.5 times year-on-year; The production and sales of fuel cell vehicles were 300, up 3.7 times and 5.4 times respectively.

From January to October, the production and sales of new energy vehicles were 5.485 million and 5.28 million respectively, with a year-on-year increase of 1.1 times and a market share of 24%. Based on the historical development trend of the new energy vehicle market, the annual sales of new energy will reach 6.7 million vehicles.

For the first time, the China Automobile Association announced the performance of the new energy vehicle market segment (classified by vehicle type). One of the notable points is that the A-class new energy vehicles have obvious strength and rapid growth. According to the data, from January to October, the sales of new energy passenger cars at all levels increased in different degrees year-on-year. Although A0 had the biggest increase, the current sales were mainly concentrated in Class A, and the cumulative sales of this class of vehicles had reached 1.84 million, up by 164.2% year-on-year. Specific to each price range, the sales volume of 150,000-200,000 models is the largest, and the year-on-year growth is the most significant, reaching 241.6%.

From January to October, the sales volume of the top ten enterprise groups of new energy vehicles totaled 4.34 million, a year-on-year increase of 1.2 times, accounting for 82.2% of the total sales volume of new energy vehicles, 5.4 percentage points higher than that of the same period of last year. Among the top ten enterprises in new energy sales, BYD's cumulative sales volume is close to 1.4 million; Compared with the same period of last year, all enterprises showed different degrees of growth, among which Geely's sales growth rate was the most significant.

Automobile exports of enterprises hit a record high. In October, the export of automobile enterprises reached a record high, reaching 337,000 vehicles, up 12.3% from the previous month and 46% from the same period last year. In terms of models, passenger cars exported 279,000 vehicles this month, up 11.6% from the previous month and up 40.7% from the same period last year; 59,000 commercial vehicles were exported, up 15.5% from the previous month and 77.5% from the same period last year. 109,000 new energy vehicles were exported, up 1.2 times from the previous month and up 81.2% from the same period last year.

From January to October, automobile enterprises exported 2.456 million vehicles, a year-on-year increase of 54.1%. In terms of vehicle types, the export of passenger cars was 1.975 million, a year-on-year increase of 57.1%; 480,000 commercial vehicles were exported, a year-on-year increase of 43%. The number of new energy vehicles exported was 499,000, a year-on-year increase of 96.7%.

China Automobile Power Battery Industry Innovation Alliance released the latest data. In October, China's power battery output totaled 62.8GWh, up 150.1% year-on-year and 6.2% month-on-month. Among them, the output of ternary battery is 24.2GWh, accounting for 38.6% of the total output, up by 163.5% year on year and down by 0.2% month on month. The output of lithium iron phosphate battery is 38.6GWh, accounting for 61.4% of the total output, up by 142.6% year-on-year and 10.8% month-on-month.

From January to October, the cumulative output of power batteries in China was 425.9GWh, with a cumulative year-on-year increase of 166.5%. Among them, the cumulative output of ternary batteries is 171.4GWh, accounting for 40.2% of the total output, with a cumulative year-on-year increase of 137.9%; The cumulative output of lithium iron phosphate batteries is 254.2GWh, accounting for 59.7% of the total output, with a cumulative year-on-year increase of 190.4%.

Loading capacity: In October, the loading capacity of power batteries in China was 30.5GWh, up by 98.1% year on year and down by 3.5% month on month. Among them, the loading capacity of ternary batteries is 10.8GWh, accounting for 35.4% of the total loading capacity, up by 55.2% year on year and down by 3.5% month on month. The loading capacity of lithium iron phosphate battery was 19.7GWh, accounting for 64.4% of the total loading capacity, up by 133.2% year on year and down by 3.6% month on month.

From January to October, the cumulative loading capacity of power batteries in China was 224.2GWh, with a cumulative year-on-year increase of 108.7%. Among them, the cumulative loading capacity of ternary batteries is 88.0GWh, accounting for 39.2% of the total loading capacity, with a cumulative year-on-year increase of 62.8%; The cumulative loading capacity of lithium iron phosphate batteries is 136.0GWh, accounting for 60.6% of the total loading capacity, with a cumulative year-on-year increase of 155.6%, showing a rapid growth momentum.

In October, a total of 40 power battery enterprises in China's new energy vehicle market realized loading facilities, an increase of one over the same period of last year. The loading capacity of power batteries in the top 3, 5 and 10 power battery enterprises is 24.6GWh, 26.6GWh and 29.1GWh, respectively, accounting for 80.4%, 87.2% and 95.3% of the total vehicle volume respectively.

From January to October, a total of 51 power battery enterprises in China's new energy vehicle market realized loading facilities, three fewer than the same period of last year. The loading capacity of power batteries in the top 3, 5 and 10 power battery enterprises was 173.0GWh, 189.2GWh and 211.9GWh, respectively, accounting for 77.1%, 84.4% and 94.5% of the total assembly vehicles. Exports: In October, China's power battery exports totaled 14.7GWh. The export volume of ternary battery is 4.3GWh, and that of lithium iron phosphate battery is 10.3GWh.

According to the data, from January to October, the TOP15 domestic power battery loading enterprises are: Contemporary Amperex Technology Co., Limited, BYD, Zhongchuang Xinhang, Guoxuan Hi-Tech, Xinwangda, Yiwei Lithium Energy, Honeycomb Energy, LG New Energy, Funeng Technology, Ruipu Lanjun, Tafel, Jiewei Power, Polyfluoride, Lishen and Penghui Energy.

According to the latest data released by China Charging Infrastructure Promotion Alliance, in October 2022, the charging and replacing infrastructure of electric vehicles in China was running. From January to October 2022, the charging infrastructure increased by 2.091 million units, of which the increment of public charging piles increased by 109.0% year-on-year, and the increment of private charging piles built with vehicles continued to increase, up by 391.4% year-on-year. By October 2022, the cumulative number of charging infrastructures in China was 4.708 million units, an increase of 109.0% over the same period of last year.

The operation of public charging infrastructure, in October 2022, the number of public charging piles increased by 44,000 compared with September, with a year-on-year increase of 58.1% in October. As of October 2022, a total of 1.68 million public charging piles have been reported by member units in the alliance, including 710,000 DC charging piles and 970,000 AC charging piles. From November 2021 to October 2022, about 51,000 new public charging piles were added every month.

The operation of public charging infrastructure in provinces, autonomous regions and municipalities, the proportion of public charging piles built in TOP10 areas of Guangdong, Jiangsu, Shanghai, Zhejiang, Beijing, Hubei, Shandong, Anhui, Henan and Fujian is 71.6%. The charging power in China is mainly concentrated in Guangdong, Jiangsu, Sichuan, Hebei, Zhejiang, Fujian, Shanghai, Shaanxi, Hunan, Beijing and other provinces, with buses and passenger cars as the main power flow, while other types of vehicles such as sanitation logistics vehicles and taxis account for a relatively small proportion. In October, 2022, the total charging power in China was about 2.06 billion kWh, a decrease of 130 million kWh compared with the previous month, a year-on-year increase of 103.3% and a month-on-month decrease of 6.0%.

Operation of public charging infrastructure operators. As of October 2022, the number of charging piles operated by national charging enterprises is TOP16, They are: 324,000 TELECOM, 321,000 Star Chargers, 229,000 Cloud Chargers, 196,000 State Grid, 89,000 Xiaoju Chargers, 66,000 Wei Jing Yun, 65,000 Shenzhen Power Grid, 61,000 China Southern Power Grid, 47,000 Wancheng Chargers, 42,000 Hui Chargers and Yiwei, 10,000 Newyea Chargers. These 16 operators account for 93.5% of the total, and the remaining operators account for 6.5% of the total.

In addition, as of October 2022, there were 1,827 power stations in China. The top ten provinces for power station distribution are: Beijing, Guangdong, Zhejiang, Jiangsu, Shanghai, Shandong, Sichuan, Jilin, Hebei and Hubei. The main operators are Weilai 1203, Aodong 516 and Hangzhou Bertan 108.

Comparing charging infrastructure with electric vehicles, from January to October 2022, the charging infrastructure increased by 2.091 million units, and the sales volume of new energy vehicles was 5.28 million units, and the charging infrastructure and new energy vehicles continued to explode. The increment ratio of piles is 1: 2.5, and the construction of charging infrastructure can basically meet the rapid development of new energy vehicles.

At present, although China's automobile production and sales continue to grow, the growth of the terminal market has been slightly weak, which can be seen from the level of terminal inventory. According to the survey results of "Automobile Dealer Inventory" released by china automobile dealers association in October, the comprehensive inventory coefficient of automobile dealers was 1.76 in October, up 19.7% from the previous month and up 36.4% from the previous year, and the inventory level was above the warning line.

On this basis, as it is not clear whether the traditional preferential policy of purchase tax for fuel vehicles will continue next year, and the subsidy for new energy vehicles is about to withdraw, the prices of raw materials for superimposed power batteries have risen sharply. Therefore, there is uncertainty in the market expectation of enterprises, which increases the difficulty of making production and operation plans next year. For this reason, the China Automobile Association called for the guidance from the macro level to realize the long-term development goal of steady growth of the automobile market.