AutoBeta(AutoBeta.net)01/13 Report--

On January 13, the China Association of Automobile Manufacturers (hereinafter referred to as "China Automobile Association") officially released the economic operation of the automobile industry in 2019. Data show that China's automobile production and sales in 2019 were 25.721 million and 25.769 million respectively, down 7.5% and 8.2% respectively from the same period last year. It is worth noting that although China's automobile production and sales rank first in the world, China's automobile production and sales have declined for two consecutive years compared with the same period last year since the first decline in 2018.

The China Automobile Association said that the pressure on China's automobile industry increased further in 2019, with production and sales volume and the main economic benefits of the industry showing negative growth. However, judging from the changing trend of monthly production and marketing, the situation of automobile production and marketing in China is gradually improving.

Specifically, the production and sales of passenger cars completed 21.36 million and 21.444 million respectively in 2019, with production and sales falling 9.2% and 9.6% respectively compared with the same period last year. Among them, car production and sales fell by 10.9% and 10.7% respectively compared with the same period last year, respectively, by 6% and 6.3%, respectively, by 18.1% and 20.2% respectively, and by 4.3% and 11.7% respectively, respectively.

In 2019, the development of new energy vehicles in China is still not optimistic, and the annual production and sales volume shows negative growth for the first time. According to the China Automobile Association, in December 2019, sales of new energy vehicles in China were 163000, down 27.4% from the same period last year. In 2019, the production and sales of new energy vehicles in China completed 1.242 million and 1.206 million respectively, down 2.3% and 4.0% respectively. Of these, the production of pure electric vehicles completed 1.02 million, up 3.4% from the same period last year; sales completed 972000, down 1.2% from the same period last year; and the production and sales of plug-in hybrid vehicles completed 220000 and 232000 respectively, down 22.5% and 14.5% respectively

Due to the grim automobile market, the elimination of inventory and subsidies for new energy vehicles, the China Automobile Association reduced its sales target of 28 million vehicles in 2019 to 26.88 million vehicles, of which the number of new energy vehicles decreased from 1.6 million to 1.5 million. As of December last year, the target completion rate of car sales in 2019 was 95.87%, of which the completion rate of new energy vehicles was 80.4%.

Based on the decline in car sales in 2019, Xu Haidong, assistant secretary general of the China Automobile Association, said that China's auto market grew by a negative 2% in 2020.

Sales of new energy vehicles declined in June compared with the same period last year, mainly because the reduction of subsidies led to an increase in the cost of developing new energy vehicles. At present, the vast majority of car companies have entered the development of new energy vehicles. But car companies develop new energy to a large extent in order to adapt to the development of the times. At present, the development of new energy vehicles is still in a state of loss.

China is not only the largest automobile market in the world, but also the largest new energy vehicle market in the world, but new energy vehicles are still not the main consumer market for consumers. Compared with new energy vehicles, traditional fuel vehicles have higher value preservation rate and practicability. Affected by new energy vehicle subsidies and new energy vehicle batteries, battery life, value preservation rate and other aspects, consumers are not hot to buy new energy vehicles.

Chen Shihua, deputy secretary-general of the China Automobile Association, said that the sharp decline in the 2019 subsidy has a great impact on the production enterprises, and the whole industry is in a state of loss, so it is difficult to make money through new energy vehicles. The state will further support the development of new energy vehicles, but will not develop through substantial subsidies, but through taxation, use and other policies to guide. Consumers' recognition of new energy vehicles has not been confirmed, and they are cautiously optimistic about new energy vehicles in 2020.

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