Forecast of China’s auto market in 2022
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