The data shows that in September 2024, the New Four Modernizations Index is 53.6. Among them, the electrification index is 53.3, the asia vets index is 4.2; and the networked index is 24.4.
Jitong Finance APP has learned that recently, the China Automobile Circulation Association's Passenger Vehicle Market Information Joint Sub-Committee jointly released the Passenger Vehicle New Four Modernizations Index in collaboration with Shanghai Anlouqin Enterprise Management Consulting Co., Ltd. The data shows that in September 2024, the New Four Modernizations Index is 53.6. Among them, the electrification index is 53.3, the asia vets index is 4.2; and the networked index is 24.4.
By retrospectively calculating the Passenger Vehicle New Four Modernizations Index starting from December 2023, we can see the trend changes of the Passenger Vehicle New Four Modernizations Index in the last 13 months.
Currently, the Passenger Vehicle New Four Modernizations Index has three sub-indexes, namely the electrification index, the asia vets index, and the networked index.
In September 2024, the electrification index is 53.3, maintaining above 51 for three consecutive months.
In September 2024, the smart index was 4.2, the same as the previous two months.
In September 2024, the networked index reached 24.4, hitting a new high.
In September 2024, the passenger vehicle market retail sales were 2.109 million units, a year-on-year increase of 4.5%, and a month-on-month increase of 10.6%. Among them, the new energy vehicle market retail sales were 1.123 million units, a year-on-year increase of 50.9%, and a month-on-month increase of 9.6%.
In September, the passenger vehicle market sales continued the month-on-month growth of over 10% from the previous month. The new energy market remains hot, with the electrification index surpassing 51 for three consecutive months.
Thanks to BYD Company Limited's Seagull, BYD Evacuation Ship 05, WENJIE M7, Geely Panda mini and other new energy models, the sales performance this month has seen a significant year-on-year increase. In addition, the launch and strong sales of BYD Qin L DM-i, BYD Sea Lion 06 DM-i, and Xiaopeng MONA M03 models have maintained high electrification and smart indexes in September, with the networked index reaching a new high. In the future, with more heavyweight new energy models coming to the market, various indexes are expected to continue to set new records.