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

Monika From Gasgoo| October 12 , 2021 18:09 BJT

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).

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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.

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