Importantdisclosuresandcertificationsarelocatedatthebackofthismaterial.Thedisclosuresanddisclaimersectionformspartofthismaterial.1ChinaAutomotiveIndustrySlowdown,Upgrade,DivergenceSeptember2017LouJiajia.lou@bocigroup.com(8621)20537060Importantdisclosuresandcertificationsarelocatedatthebackofthismaterial.Thedisclosuresanddisclaimersectionformspartofthismaterial.Importantdisclosuresandcertificationsarelocatedatthebackofthismaterial.Thedisclosuresanddisclaimersectionformspartofthismaterial.2Units20072008200920102011201220132014201520168M178M17YoY(%)TotalPV6,297,5386,755,60910,331,31513,757,79414,472,41615,495,24017,927,73019,707,67721,210,33924,376,90214,807,3952.2Sedans4,726,6175,046,9347,473,1069,494,26910,122,42610,744,74012,009,70412,379,76911,745,43312,149,8617,157,324(2.2)MPV225,745197,393248,943445,407497,708493,3961,304,0531,914,2552,108,8662,496,5291,285,013(16.2)SUV357,366447,722658,8211,326,0361,593,9912,000,4102,988,7584,081,9386,256,9129,047,0105,990,60817.1Minivans987,8101,063,5601,950,4452,492,0822,258,2912,256,6941,625,2151,331,7151,099,128683,502374,450(27.2)TotalCV2,493,9902,580,7173,313,4794,304,1424,032,6983,811,1654,056,3493,791,3243,451,2633,651,2732,703,72116.9Heavytrucks487,481540,448636,1711,017,433880,641636,001774,104743,991550,716732,919768,21474.9Medium-sizedtrucks236,722207,109257,966271,766291,959290,269286,839247,839200,414229,063154,08411.0Lighttrucks1,116,4001,199,9031,559,5982,025,6211,880,0601,842,7101,908,3281,662,6341,558,5431,539,8201,087,1309.5Mini-trucks303,907292,652505,690546,271492,176534,812527,019529,942546,208606,058395,160(2.6)Trucksub-total2,144,5102,240,1122,959,4253,861,0913,544,8363,303,7923,496,2903,184,4062,855,8813,107,8602,404,58821.6Largebuses40,13944,00647,17568,81473,81279,19881,68084,25284,53190,37341,328(11.1)Medium-sizedbuses78,63479,10781,94889,88291,57790,52190,07779,61278,85499,40840,136(27.8)Lightbuses230,707217,492224,931284,355322,473337,654388,302443,054431,997353,632217,669(6.8)Bussubtotal349,4803...