AutoBeta(AutoBeta.net)03/20 Report--

China's auto production and sales figures for February released by the China Association of Automobile Manufacturers showed that China's total automobile production in February was 1.4098 million, with a total sales volume of 1.4816 million, down 17.37 percent from the same period last year and 13.77 percent from the same period last year. Under the pressure of traditional cars, sales of new energy vehicles showed a strong trend in February.

According to the data, sales of new energy vehicles in February were 148000, up 98.9 per cent from a year earlier. It is worth mentioning that in January, sales of new energy vehicles were 150000, up 83.5 per cent over the same period. The strong trend of new energy vehicles may be related to the low base of new energy vehicles last year and the fear of scrambling for production and consumption caused by the decline of subsidies, but it is undeniable that the production and sales of new energy vehicles have been increasing day by day in recent years.

According to professionals, China's new energy vehicle industry has reached a critical year of development, and the development of new energy vehicles may face the following problems. Whether technological progress can make consumers satisfied with battery life and safety, whether various supporting measures and policy support can make new energy vehicles more competitive than fuel vehicles, and whether independent new energy vehicle brands can effectively cope with the entry of foreign brands into China, these issues will be the unavoidable topics of the new energy vehicle industry in the past two years, and they are also the key to the healthy and long-term development.

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