Carmakers see growth despite bumpy road felt across sector

Major NEV makers saw their sales soar in April. BYD sold more than 210,000 vehicles in April, up 98.5 percent year-on-year, consolidating its position as the No 1 NEV maker in the country. It was followed by Tesla, whose deliveries reached 76,000 units in the month.

Other major automakers saw their NEV sales grow rapidly as well. SAIC sold 66,000 NEVs in April, with its total in the first four months exceeding 200,000 units, and GAC as well as Dongfeng followed, delivering 45,000 and 32,000 units respectively in the month.

Of the startups, Li Auto ranked first by selling 26,000 units in April, up 516 percent year-on-year. It was the only startup to make it into the country's top 10 best-selling NEV makers both in April and so far this year.

The growing popularity of NEVs helped carmakers' total sales in April. SAIC, China's largest carmaker by sales, delivered 373,949 units last month, up 124.5 percent from the same month in 2022.

Great Wall Motors sold 93,107 vehicles in April, up 73.14 percent year-on-year, the Hebei province-based carmaker said last week.

Of them, 14,863 were NEVs, soaring 284.06 percent year-on-year, as the carmaker is revving up efforts to shift toward electrification.

As China's largest SUV and pickup truck maker, Great Wall Motors showcased more than 30 heavyweight models at the Shanghai auto show in April, half of which were NEVs.

China's vehicle exports continued to grow as well. In April, carmakers shipped overseas 376,000 units, up 170 percent year-on-year and 3.3 percent from March.

Total exports in the first four months reached 1.37 million units, up 89.2 percent year-on-year. Of them, the majority were passenger vehicles, standing at 1.14 million units.

The General Administration of Customs said on Tuesday that vehicle exports from January to April were worth 204.5 billion yuan ($29.52 billion), up 120.3 percent from the same period last year.

SAIC exported 89,643 vehicles in April, bringing the total for the first four months to 346,696 units — up 64.99 percent from the January-April 2022 period.

SAIC expects its total exports to hit 1.2 million units this year, up from 1.02 million units in 2022, with Europe, the Middle East and Mexico among its major markets.

Great Wall Motors saw its overseas sales reach 21,814 units in April, up 182.09 percent year-on-year, accounting for 23.43 percent of its total deliveries for the month.

The automaker said it inked cooperation deals with dealerships from dozens of countries at the 2023 Shanghai auto show held in April, which further expanded its global reach.

In April, Great Wall Motors launched new energy models in the Philippines and Brazil. The company said it will enter other markets, including Singapore, Cambodia and Vietnam later this year.