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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)07/23 Report--
Relevant data show that in the first half of this year, Chinese brand passenger car sales totaled 4.193 million, up 11.0% from the same period last year, while German and Japanese markets both declined to varying degrees, of which German brand sales were 1.997 million, down 19.5% from the same period last year. Japanese brand sales totaled 1.969 million, down 13.9% from the same period last year.
Specifically, the most impressive performance in the first half of this year was Chinese brands, with cumulative sales of 4.193 million vehicles in the first half, an increase of 11.0 per cent over the same period last year and accounting for 45.3 per cent of total passenger car sales. Due to the impact of the epidemic and lack of core environment in the past two years, it is really not easy for Chinese brands to achieve growth. As a comparison, the market share of Chinese brand cars fell to the lowest level since 2009 in June 2020, only 33.5%.
Auto Industry concern believes that the expansion of Chinese brand passenger car market share in the first half of this year may be due to the growth of Chinese brands in the field of new energy vehicles. Data show that in the first half of this year, the production and sales of new energy vehicles in China completed 2.661 million and 2.6 million respectively, an increase of 1.2 times over the same period last year, with a market share of 21.6%, of which 563000 and 569000 new energy passenger vehicles were produced and sold in June, an increase of 1.4 times and 1.3 times respectively. The production and marketing of new energy commercial vehicles completed 27000 and 28000 respectively, an increase of 83.5% and 88.4% respectively over the same period last year.
In addition, China is currently the world's largest market for new energy vehicles. Data show that a total of 3.21 million narrow new energy passenger vehicles were sold in the world from January to May in 2022, of which 1.9 million were sold in China, accounting for 59% of the global market. 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 low, so China's development is very strong. According to statistics, so far, there are more than 530000 new energy vehicle-related enterprises in China, and BYD is the largest manufacturer in the domestic new energy vehicle market.
According to data from the Federation of passengers, in the first half of this year, the top three car companies in sales were FAW-Volkswagen, BYD Automobile, and Changan Automobile, respectively, with Chinese brands occupying two seats, while in the top 15 on the list, only three car companies achieved year-on-year growth, while the rest showed a decline. Judging from the list, as a giant of new energy car companies, BYD is the most amazing one among many car companies. BYD sold 641350 vehicles in the first half of the year, up 314.9% from a year earlier. On April 3 this year, BYD was the first to announce that it would stop production of fuel vehicles, focusing on pure electric and plug-in hybrid vehicles, becoming the first traditional car company in the world to stop production of fuel vehicles. After BYD withdrew from the fuel car market, sales of new energy vehicles soared in the second quarter, with BYD selling more than 100000 vehicles for four consecutive months since March. Li Qian, secretary of the board of directors of BYD, said on May 30 that BYD is still in short supply, with orders on hand exceeding 500000 vehicles, with a delivery period of 4-6 months, and pointed out that sales might be better if it were not for the impact of the epidemic. Judging from the current orders, BYD's undelivered orders have been increasing rather than decreasing. According to the plan, BYD's sales target for 2022 is conservatively expected to be 1.5 million vehicles, if the supply chain is good. It will hit 2 million vehicles. So far, BYD has achieved 42.5 per cent of its annual sales target of 1.5 million vehicles as of June.
As for the market share of other brands, according to the data, although the German and Japanese markets have declined to varying degrees, they still occupy a certain proportion of the market share in the passenger car market, so they still have strong competitiveness. As for the development of French and Korean car brands, it is not ideal. Take Korean cars as an example, data show that in the first quarter of this year, sales of Korean cars were only 94000, down 39.3 per cent from a year earlier, with a market share of only 1.56 per cent, compared with 6 million in China in the first quarter, an increase of 6.2 per cent year-on-year. There is a great contrast between the two figures, and the decline of Korean cars in China has intensified.
Retail sales of narrow passenger cars are expected to be 1.77 million in July, up 17.8 per cent from a year earlier, according to the latest data from the Federation of passengers. Retail sales of new energy are expected to be 450000 vehicles, an increase of 102.5% over the same period last year. In July, retail sales of narrow passenger cars are expected to be 1.77 million and new energy is expected to be 450000.
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