China’s car parc amounts to 297 million units by end of Sept. 2021

Shanghai (Gasgoo)- China's motor vehicle parc amounted to roughly 390 million units by the end of September 2021, of which 297 million units were automobiles, according to China's Ministry of Public Security (MPS).

There were 27.53 million motor vehicles newly registered in the first nine months of 2021, representing an 18.83% year-on-year increase. The specific quarterly registrations of the first, second and third quarters stood at 9.66 million units (+67.31% YoY), 9.04 million units (+8.19% YoY), and 8.83 million units (-2.29% YoY).

The registrations of freight vehicles in China amounted to 3.34 million units for the first three quarters of 2021, growing 12.8% from the previous year. A total of 16.66 million passenger-carrying vehicles were newly registered during the same period, showing a 23.76% year-over-year growth.

As of September 2021, there were 76 cities in China whose auto parc all surpassed 1 million units, 7 more than that of the year-ago period. A total of 18 cities had over 3 million automobiles running on roads. Notably, Beijing topped others with a car parc exceeding 6 million units. Both Chengdu and Chongqing saw their car parc surpass 5 million units. The respective volumes of Suzhou, Shanghai, Zhengzhou, and Xi'an all exceeded 4 million units.

China's new energy vehicle (NEV) parc amounted to 6.78 million units by the end of September 2021, 81.53% of which were full-electric vehicles. The Jan.-Sept. NEV registrations rocketed 178.49% over a year earlier to 1.871 million units, 767,000 of which were registered in the third quarter.