In 2021, China’s automobile production and sales will be 26.082 million and 26.275 million respectively, up 3.4% and 3.8% year-on-year respectively, ending the three-year decline since 2018.
First, the new energy vehicle market is showing explosive growth, and product quality and market recognition have been comprehensively improved. In 2021, the sales of new energy vehicles will be 3.521 million, a year-on-year increase of 1.6 times, accounting for 13.4% of total vehicle sales. Since the “13th Five-Year Plan” period, China’s new energy vehicle industry has developed rapidly, and has gradually grown into an innovative highland in the world’s new energy vehicle field. The sales of new energy vehicles have been ranked first in the world since 2015. After years of cultivation, China’s new energy vehicle industry chain has reached the most complete level in the world, with a rich and diverse product supply. Domestic consumers have shifted from tentative consumption to rest assured consumption of new energy vehicles, and their awareness of green consumption is gradually increasing. enhanced.
Second, the market share of Chinese brand passenger vehicles has increased significantly. In 2021, Chinese brand passenger cars will sell 9.543 million units, a year-on-year increase of 23.1%, accounting for 44.4% of the total passenger car sales, close to the best level in history, and the share increased by 6 percentage points over the previous year. At present, China’s auto industry is moving towards a stage of high-quality development, at a time of industrial transformation.
Third, the trend of consumption upgrading is obvious. In 2021, a total of 3.472 million high-end brand passenger vehicles will be sold, a year-on-year increase of 20.7%, 14.2 percentage points higher than the industry growth rate, accounting for 16.2% of total passenger vehicle sales, 1.9 percentage points higher than the previous year. With the improvement of people’s living standards, cars are no longer a simple means of transportation, but also carry emotional needs. High-end cars represented by high-level and luxury cars are sought after. At present, the passenger car market has entered the era of stock market competition, and the previous model of winning consumers by relying on low-end markets and low prices will no longer exist.
Fourth, the export showed a rapid growth year-on-year, and the export volume exceeded 2 million for the first time. In 2021, automobile manufacturers will export a total of 2.015 million vehicles, a year-on-year increase of 1 times. In the past ten years, China’s auto exports have been hovering around 1 million units, and will exceed 2 million units for the first time in 2021.
Forecast of China’s auto market in 2022
Regarding the prediction of the automobile market in 2022, we will comprehensively predict the production and market conditions of the major vehicle companies this year, combined with the forecast model analysis and the forecast research results of various relevant research institutions, especially the “2022 China Automobile Market” held at the end of 2021. Prediction Summit” The analysis of industry experts, combined with the analysis and prediction of the main influencing factors of this year’s auto market, came to the basic judgment that China’s auto market will continue to grow in 2022.
Specifically, China’s total auto sales in 2022 are expected to reach 27.5 million units, a year-on-year increase of about 5%. Among them, the number of passenger vehicles is 23 million, a year-on-year increase of 7%; the commercial vehicle is 4.5 million, a year-on-year decrease of 6%; the number of new energy vehicles will reach 5 million, a year-on-year increase of 42%, and the market share is expected to exceed 18%.
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Post time: Mar-04-2022