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According to CCTV, while European countries accelerate the development of new energy vehicles, China has become the world's largest market for new energy vehicles. According to the data, a total of 3.21 million new energy passenger vehicles were sold worldwide from January to May in 2022, of which 1.9 million were sold in China, accounting for 59 percent of the global market share, surpassing 820000 in Europe and 410000 in North America.

According to the ranking of new energy vehicle sales counted by foreign media CleanTechnica, the top three are still BYD, Tesla and SAIC GM Wuling, with sales of 506868, 406869 and 183054 respectively, and the three car companies account for 34% of the new energy vehicle market. In addition, in addition to BYD and SAIC GM Wuling, independent brands such as SAIC, Chery, Guangzhou Automobile, Dongfeng, Changan, Geely, Great Wall and new power brands such as Xiaopeng appear on the list, which is why China has become the largest market for new energy in the world.

Subdivided models can better reflect the advantages of China's new energy vehicles. Model Y and Model 3 models owned by Tesla of the United States ranked in the top two, with global sales of 214927 and 165343 respectively. It should be noted that China is currently Tesla's largest single market in the world. According to Tesla's latest data, 564000 new cars were delivered worldwide in the first half of the year. Although the sales volume of the Chinese market is unknown, Tesla sold a total of 215851 vehicles in China from January to May 2022, accounting for 38% of the market.

With the exception of Model Y and Model 3, more than 90 per cent of models come from Chinese brands. In terms of specific products, the third-ranked Hongguang MINIEV from SAIC GM Wuling, with global sales of 161579 vehicles, is not so strong after 2022. The fourth to eighth models came from BYD, including 127304 for Song PLUS, 109319 for Qin PLUS, 71869 for Han, 48532 for Tang and 48201 for dolphins. In addition, the ninth model comes from the New Power brand ideal ONE, with cumulative sales of 47380 vehicles in 2022, making it the only Chinese New Power model in the top 10 list. In addition to the top 10, there are six domestic new energy models on the list, namely Chery QQ Ice Cream (44434), Changan Mercedes-Benz EV (41343), Yuan plus (38206), Chery eQ1 (37222), GAC Eian Y (32450) and GAC EAN S (31025). Overall, the performance of China's new energy vehicles is very strong, both in terms of brands and models, especially in the best-selling list, where 13 are from China, while the best performance of overseas brands is Tesla's Model Yplash 3, followed by Volkswagen ID.4.

From the perspective of the global new energy vehicle pattern, Tesla remains the first in the world, and the current market share continues to increase, accompanied by the trend of electrification and Tesla's good market performance, thus promoting traditional luxury brands such as Mercedes-Benz, BMW and Audi, as well as mainstream brands such as Volkswagen, Toyota, Honda and Nissan to increase and accelerate investment in the field of new energy vehicles, but for now, Only Volkswagen has achieved initial results in new energy vehicles, with its ID.4 selling relatively well, while new energy products from Mercedes-Benz, BMW and Audi do not perform well. At the same time, BYD, SAIC, Chery, Changan and other car companies from China have performed well, especially BYD, which has far outperformed Tesla in the Chinese market, while China's new power brands Xiaopeng, ideal, Nezha, Zero and other car companies have performed stronger as a whole.

Cui Dongshu, secretary general of the Federation of passengers, said that China's new energy passenger vehicles account for 59% of the world's new energy, which is mainly due to China's strong demand for new energy, while the production and sales of traditional cars and new energy vehicles in Europe are on the low side, and China has obvious advantages in development. Data show that from January to May 2022, China's new energy penetration rate is 18%, compared with 16% in Europe, 6% in North America, and only 1% in Asia excluding China.

What is the concept of 18% permeability? This means that for every 100 cars sold in the first quarter, 18 are new energy vehicles, and the market share of traditional fuel vehicles has been torn apart. In addition, the permeability of 18% new energy vehicles has more special significance. The so-called permeability refers to the ratio of "existing demand for commodities" to "potential demand for commodities", while 18% penetration often indicates that the development of the industry will usher in a "main rising wave".

At the end of 2021, Li Bin of NIO said, "I don't understand at all. Why do people still buy oil cars now?" Apart from smelling gasoline, is there anything good about an oil truck? Listen to the sound? " Triggered a heated discussion, and with the national and local preferential policies to speed up the development of new energy, automobile companies at home and abroad accelerate the layout of new energy products, it is undeniable that the reform of the automobile market is taking place quietly.

In April, BYD announced that it would stop production of fuel-fueled vehicles and focus on pure electric and plug-in hybrid vehicles, becoming the first car company in the world to stop producing fuel vehicles. In May, Changzheng vehicles owned by Great Wall issued the New Energy Declaration, announcing that the production of fuel vehicles would be completely stopped from June 5, shifting from traditional energy to clean energy transport technologies such as hydrogen fuel cells and pure electric power.

On the evening of June 22, the executive meeting of the State Council mentioned that it would determine the policy of increasing support for automobile consumption. The meeting pointed out that it is necessary to further unleash the potential of automobile consumption, which refers to supporting the consumption of new energy vehicles. The vehicle purchase tax should be mainly used for highway construction. Considering the current reality, we should study the extension of the new energy vehicle purchase tax exemption policy after it expires at the end of the year. Get rid of the local protection of the new energy vehicle market.

Subsequently, the "Guangzhou implementation of the State Council's" solid economic stability package of policies and measures "implementation plan" (that is, "economic stability 152") was officially released. Among them, it is proposed to publicize and implement the special action policy of automobile trade-in in Guangdong Province, encourage the purchase of new energy vehicles, hold a good automobile consumption festival, and encourage producers, traders and consumers to jointly promote consumption.

On June 14, Ren Zeping, an economist, delivered a speech at the annual investment meeting of the new energy vehicle industry chain in 2022. In the long run, not investing in new energy now is like not buying a house 20 years ago. At present, new energy-related industries are the most promising and explosive areas of China's economy in the future. Ren Zeping said, "in the field of traditional cars, whether in the market or in technology, including brands, there is still a huge gap between China and Europe, the United States and even Japan, but in new energy vehicles, whether the whole vehicle has batteries and other core components, it is possible to change lanes to overtake."

In June this year, the domestic auto capital market went out of the independent market, including Ankai bus, Jinlong Automobile, well-off shares, Changan Automobile, Dongfeng Motor, Great Wall Motor, Jianghuai Automobile, SAIC and other auto companies. Hong Kong stocks such as Lulai, ideal, Xiaopeng and so on led the increase. Among them, BYD's market capitalization once again broke through trillion yuan, reaching a maximum of 359 yuan per share, a record high. At the same time, the auto parts plate also performed well, including Inball, Songzhi shares and so on hit the limit. By contrast, the overall performance of overseas automakers is mediocre, with the market capitalization of most companies falling by more than double digits, including Tesla down 11% and Volkswagen down 19%, which to some extent reflects the good development environment of China's auto market.

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