On the 12th, China Automobile Association announced the production and sales of automobile industry in September, 2022. In September, new energy vehicles continued to grow at a high speed, reaching 755,000 and 708,000 respectively, up 9.3% and 6.2% from the previous month and 1.1 times and 93.9% from the previous year.
From January to September, the production and sales of new energy vehicles reached 4.717 million and 4.567 million respectively, a year-on-year increase of 1.2 times and 1.1 times.
Overall, the production and sales of automobiles in September reached 2.672 million and 2.61 million respectively, up by 11.5% and 9.5% from the previous month, up by 28.1% and 25.7% from the same period last year, and the month-on-year growth rate was slightly lower than last month. From January to September, the production and sales of automobiles reached 19.632 million and 19.47 million respectively, up by 7.4% and 4.4% year-on-year, and the growth rate was 2.6 percentage points and 2.7 percentage points higher than that of January to August.
It is worth mentioning that the data released by the Federation recently also shows that the production and sales of new energy vehicles are booming in the first three quarters of this year, and the follow-up market is expected to maintain a high growth momentum. Citic Securities analysis pointed out that in 2022, new energy vehicles have leapt from subsidy-driven to market-driven, and the industry has entered the growth stage of 1-N from the import stage of 0-1. In the second half of the year, with the rush-to-install effect caused by the continuous release of high-quality models superimposed with Q4 subsidy, it is expected that the trend of intelligent electric in the industry will continue to accelerate in the future, and the electric and intelligent prosperity will be promoted. High-quality models of mainstream car companies are continuously introduced to promote the prosperity of the industry, and the upward trend of the industry is clear. The global new energy automobile industry chain has entered a high-speed growth stage. At present, it is recommended to grasp the opportunity of high-quality standard of global electric supply chain.
According to the organization, despite the recent correction of the new energy sector, it is still optimistic about the upward trend of sales and profitability of the automobile sector in Q4. On the whole, the valuation repair market of the sector has basically ended, and profit-driven profit repair is expected to relay, and it is expected to help the sector's profit achieve systematic repair.