The China Passenger Vehicle Market Information Joint Conference stated that according to preliminary monthly data estimates, in December last year, the national wholesale sales volume of new energy passenger vehicles reached 1.5 million units, representing a 35% year-on-year increase and a 5% month-on-month increase.

The estimated data shows that in December last year, BYD (01211.HK) (002594.SZ) had a wholesale sales volume of 0.5094 million units, ranking first, while Geely Automobile (00175.HK) ranked second with a wholesale sales volume of 0.1112 million units; Tesla China had a wholesale sales volume of approximately 0.0938 million units, ranking fifth.

The conference pointed out that the car market in December last year continued the relatively high boom since the third quarter, with the effects of scrapping and replacement policies continuing to be released, especially the strong promotion of replacing old vehicles with new ones significantly boosted the market, further enhancing the market's heat that month. Due to the Spring Festival occurring on January 29, 2025, which represents a particularly small year in annual market sales, the industry faces negative growth pressure for January sales due to the short retail period before the holiday. Therefore, after completing the adjustment indicators for 2024, some manufacturers will consider a certain transfer volume to ensure a good start for January 2025.