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Under the influence of the general environment, the domestic automobile industry suffered a great test in the first half of this year. According to the latest semi-annual production and sales data released by the China Automobile Association, in the first half of 2022, automobile production and sales reached 12.117 million and 12.057 million respectively, down 3.7% and 6.6% respectively from the same period last year. Chen Shihua, deputy secretary general of the China Automobile Association, said that the overall trend of automobile production and sales in the first half of the year was U-shaped. Although sales declined seriously from March to May, it showed a significant increase in June. "in the medium to long term, China's automobile market is generally in the late stage of popularity, and residents' consumer demand for cars is still strong, coupled with the industry dividends brought about by industrial transformation and consumption upgrading. it provides a full guarantee for the passenger car market to maintain stable growth in the future."

So far, a number of domestic car companies have released sales figures for the first half of this year. According to the completion rate of multi-car companies' sales targets in 2022, according to Automotive Industry concern, BYD's sales in the first half of the year should be the most amazing among many car companies.

BYD: 1.2 million vehicles / 53.4% completed

Official figures show that BYD has sold more than 100000 vehicles for four months in a row since March. Against this backdrop, BYD sold 641350 vehicles in the first half of the year, up 314.90 per cent from a year earlier. If you follow the previously agreed sales target of 1.2 million vehicles, BYD has achieved 53.4 per cent of its target in the first half of the year.

On April 3 this year, BYD took the lead in announcing its withdrawal from the fuel car market, becoming the first traditional car company in the world to stop production of fuel vehicles, which also means that BYD will focus on pure electric and plug-in hybrid vehicle business. At present, BYD's products on sale can be divided into dynasty and ocean series, of which dynasty series include Qin, Tang, Song, Yuan and Han. Ocean series of products on sale, including dolphins, destroyers 05 and other models, product prices cover the range of 10-300000 yuan. Judging from the current orders, BYD's outstanding orders have been increasing rather than decreasing, and if the supply chain is good, BYD will hit its annual sales target of 2 million vehicles.

GAC GROUP: 2.43 million vehicles / 47.3% completed

Figures show that GAC GROUP sold about 1.15 million vehicles in the first half of this year, up 15 per cent from a year earlier. According to this calculation, the half-year completion rate of GAC GROUP is 47.3%. In terms of specific brands, the sales of GAC Toyota and Guangzhou Auto Honda joint venture brands were 453460 and 352671 respectively, of which GAC Toyota increased by 6.5% year-on-year, while Guangzhou Auto Honda fell 3.5% year-on-year, mainly due to the epidemic in March and the supply chain. However, GAC MOTOR and GAC Ean, as the two main forces of GAC MOTOR, have achieved year-on-year growth, so GAC GROUP's annual sales target is expected to be achieved as scheduled.

Changan Automobile: 2.45 million vehicles / 45.9% completed

According to the data, Changan Automobile sold 1.1258 million vehicles in the first half of the year, reaching 45.9 per cent of its annual sales target of 2.45 million. Specifically, Changan independent passenger car sales of 629200, down 4.61% year-on-year, joint venture brand, Changan Ford first-half sales fell 6.90% to 112600, Changan Mazda increased 5.51% to 63700.

At present, Changan Automobile gradually has a complete product rectangle in the field of new energy vehicles. According to the concern of the automobile industry, Changan Automobile will cover the three major markets of low, middle and high end, of which the Avita brand focuses on the high-end market. The first model, Avita 11, is positioned as a medium-sized pure electric SUV. The deep blue brand focuses on the mid-and high-end market. The first model, Changan SL03, is based on the EPA1 platform and has a pre-sale range of 17.98-231800 yuan. the new car uses a variety of different forms of drive systems, including pure electric, extended range and hydrogen version, and is expected to be officially launched this month and delivery will begin in August. Changan LUMIN brand focuses on the low-end market, the first model is Changan Lumin waxy corn officially launched on June 10, the new car is based on the new EPA0 pure electric platform, positioning pure electric minicar, the price range is 4.89-63900 yuan. According to the development trend of Changan Automobile, with the expansion of sub-brands and the listing of a number of new cars, the sales target of Changan Automobile is not difficult to achieve.

FAW-Volkswagen: 2 million vehicles / 44.3% completed

So far, FAW Group has not fully released sub-brand sales data, and it is not clear the completion rate of FAW Group's annual sales target of 4.1 million vehicles. According to the plan, FAW-Volkswagen will be responsible for 2 million of the annual sales target of 4.1 million vehicles, while FAW-Volkswagen cumulative sales of 886000 vehicles, 44.3 per cent of the target has been achieved. For FAW-Volkswagen, achieving the sales target of 2 million vehicles depends more on the chip problem. Compared with FAW-Volkswagen, FAW Toyota has basically maintained a stable listing in recent years, with cumulative sales of 352000 vehicles this year, achieving only 39% of its sales target of 1 million vehicles. Whether FAW Toyota can achieve its target may be determined by the market performance of models such as Carola Ruifang and Lingfang HARRIER.

Geely: 1.65 million cars / 37.2% completed

As a leader of its own brands, data show that Geely's cumulative sales in the first half of the year were 613800, down 2.6% from the same period last year. Geely has set a sales target of 1.65 million vehicles in 2022, which has achieved its annual sales target of 37.2% this year. With the release of more new cars in the second half of the year, there is still a lot of uncertainty about how much driving effect Geely will bring to Geely. Due to the impact of the epidemic and chip shortage, Geely has failed to achieve the set sales target for two consecutive years. Judging from the current market performance, Geely will also face greater pressure in the second half of the year.

Dongfeng Automobile Group: 3.471 million vehicles / 35.6% completed

According to sales data released by Dongfeng Motor Group, its cumulative sales in the first half of the year were 1.234 million vehicles, down 13.36% from the same period last year, and only 35.6% of its annual sales target. As one of the large domestic automakers, Dongfeng Automobile Group mainly relies on joint venture plates. Dongfeng Nissan and Dongfeng Honda are its important sources of sales. However, the sales of these two major brands are on a downward trend in the first half of the year. Dongfeng Nissan sold a total of 444700 vehicles, down 21.9% from the same period last year. Dongfeng Honda sold a total of 328000 vehicles, down 22.3% from the same period last year. However, Dongfeng Honda will launch a number of blockbuster models in 2022, including the new Civic, the new Civic hybrid, the new Civic HATCHBACK, the new Civic TYPE-R, the new XR-V, the new CR-V, the new all-electric e:NS1 and a new SUV model, a total of 8 models, which may drive Dongfeng Honda's sales performance to some extent. In terms of independent brands, Dongfeng passenger cars showed eye-catching performance, with an increase of 94.89 per cent in the first half of the year compared with the same period last year. In addition, DPCA sold a total of 56370 vehicles, up 39 per cent from the same period last year.

Chery: 150-2 million vehicles / completed 23.8% Mel 31.68%

According to Chery's production and sales data, Chery Automobile Group sold 475300 vehicles in the first half of the year, an increase of 12% over the same period last year. If calculated according to the target of 1.5 million vehicles set by Chery Automobile Group at the beginning of the year, 31.68 per cent of its target has been achieved. In terms of specific brands, the Chery automobile brand is the main source of sales of the Chery Automobile Group, with cumulative sales of 357429 vehicles in the first half of the year, an increase of 25.9 percent over the same period last year. From the point of view of Chery's product layout, Chery already has a relatively perfect SUV product line, from small SUV to medium-sized SUV. According to the plan, Chery will release four new models in the second half of this year, including Erize 5 GT, Erize 8, Ruihu 7 Plus modification and mixed version. As for whether a number of new cars will help Chery achieve its sales target after launching this year, it will take more time and market performance to verify.

Great Wall: 1.9 million vehicles / / 27.3% completed

According to the data, Great Wall Motor Group sold 518000 vehicles in the first half of this year, meeting only 27.3% of its annual sales target of 1.9 million vehicles, meaning that Great Wall needs to complete 72.7% of its sales in the remaining six months. In terms of specific brands, the Harvard brand is still the pillar of Great Wall sales, with cumulative sales of 288900 vehicles in the first half of the year, down 26.21% from the same period last year. Wei Brand is the first high-end brand launched by Great Wall, with cumulative sales of 21985 vehicles from January to June, down 4.35% from the same period last year. As the new energy vehicle brand of Great Wall, the Euler brand sold 59126 vehicles in the first half of the year, up 12.52 per cent from the same period last year. Tanks were the biggest growth brand of Great Wall, with 54094 vehicles sold in the first half, up 63.56 per cent from the same period last year.

Although this year, the major brands of Great Wall will launch tank 500, Wei brand dream come true, Harvard H6 hybrid model, Euler ballet cat, lightning cat, punk cat and other models, but the sales of tank 500 are very mediocre. The once-glorious Harvard H6 model has also fallen to the altar. Under the circumstances, it is difficult, even "radical", for Great Wall to meet the remaining 72.7% sales target.

In addition to the above car companies, a number of domestic car-building new forces have also released the completion rate in the first half of the year. Of these, 52% of the 120000 cars were completed; 30% of the ideal cars, 27.6% of the 250000 Xiaopeng cars, 26% of the 200000 running cars, and 25.5% of the 150000 cars were completed by Xilai.

For the development of the automobile industry in the second half of the year, according to the current point of view, the development trend is relatively clear. If there is no accident, car companies will rebound in the second half of this year. According to the previous statistics of "Automotive Industry concern", generally, the proportion of car market sales in the first half of the year and the second half of the year is about 45:55. However, due to the greater impact of the epidemic in the first half of this year, there will be a larger increase in the second half of the year driven by policies and the impulse of automobile enterprises. As a result, the ratio is likely to become 40:60 this year, and it will take more time to wait and see whether the major car companies can finally meet their annual sales targets.

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