➤ China's automobile production and sales data
According to data released by the China Association of Automobile Manufacturers, in 2024, the cumulative production and sales of automobiles in China reached 31.282 million and 31.436 million respectively, an increase of 3.7% and 4.5% year-on-year, achieving the annual target and ranking first in the world for 16 consecutive years.  Wheel Hub Bearing,Wheel Hub Unit,Wheel Hub Bearing Factory
➤ Production and sales data of new energy vehicles in China
In 2024, China's production and sales of new energy vehicles reached 12.888 million and 12.866 million respectively, an increase of 34.4% and 35.5% year-on-year, with a penetration rate of 40.9%.
Specifically, in 2024, the annual retail sales of passenger cars in China reached 23.1 million units, a year-on-year increase of 5.3%, with continuous growth in production and sales; The commercial vehicle market has shown weak performance, with production and sales falling short of the expected 4 million units; New energy vehicles continue to grow rapidly, with annual production and sales exceeding 10 million units for the first time, accounting for over 40% of sales; The export of automobiles has exceeded 5 million units, reaching a new level.