AutoBeta(AutoBeta.net)08/12 Report--

According to the latest retail data released by the Federation of passengers, sales in the domestic narrow passenger car market in July 2022 were 1.818 million, up 20.4% from the same period last year, down 6.5% from the previous month, of which 486000 were new energy passenger vehicles, up 117.3% from the same period last year and 8.5% lower than the previous month.

According to the "Tramway report" statistics, the top three new energy vehicle companies in July 2022 were BYD, SAIC GM Wuling and Geely, with sales of 158957, 40383 and 30769 respectively. Among them, BYD is the only new energy vehicle company with a retail volume of more than 100000, with a market share of 32.7%, a record high. According to statistics, a total of 13 new energy vehicle companies sold more than 10,000 vehicles in July, in addition to the above three, it also includes Chery Automobile, Changan Automobile, Nawei Automobile, SAIC Volkswagen, Zero running Automobile, Xiaopeng Automobile, ideal Automobile, Great Wall Automobile, and Xilai Automobile. It is worth mentioning that as a leader in the field of new energy vehicles, Tesla was at the bottom of the Chinese market in July, down 1.9 per cent from a year earlier to 8461 vehicles, making it the only manufacturer on the list to decline.

Thanks to the blade battery and DM-i hybrid system, BYD is once again the top seller. Figures show that BYD retail sales of 159000 vehicles in July, an increase of 172.6% over the same period last year, reached an all-time high, surpassing FAW-Volkswagen to top retail sales. Earlier, BYD announced on April 3 that it would stop production of fuel vehicles and focus on pure electric and plug-in hybrid vehicles, becoming the first traditional carmaker in the world to stop selling fuel vehicles. The move led to a sharp surge in sales of BYD New Energy in the second quarter. Data show that Song, Qin, Han and Dolphin are all in the top 10, of which 37784 are sold in Song (No. 1 in SUV), 33933 in Qin (No. 3 in sedan), 25270 in Han (No. 5 in sedan) and 20493 in Dolphin (No. 7). Over the past month, BYD began to speed up the international layout of passenger cars, following Japan, officially announced a few days ago to enter the Thai market.

As a leader in the new energy vehicle market, Tesla surprised people. According to data from the Federation of passengers, Tesla's retail sales in July were 8461, down 1.9% from the same period last year and 64.2% from the previous month. Tesla, who previously remained in the top three of new energy, was directly at the bottom in July. As for why Tesla sales suddenly "cool"? Or affected by its capacity upgrade. According to relevant reports, the transformation plan of Tesla Shanghai Super Factory began in July, in which the second phase of Model Y production line was completed on July 16, while the first phase of Model 3 production line was completed on July 17 and August 7.

Of course, behind the cooling of Tesla, there is not only the impact of capacity transformation and upgrading, but also the catch-up trend of China's independent new energy brands makes Tesla's position "in jeopardy." As independent brands cultivate new energy self-research technology, brands such as BYD and SAIC GM Wuling have surpassed Tesla, while new power brands such as Xiaopeng, Zero run, Nezha and other new power brands are also accelerating to catch up. Tesla is no longer the "best" of new energy. However, at present, Tesla has only two domestic models, compared with Ulai, Xiaopeng, Nezha, Zero and other car companies, Tesla's sales of one model is enough to compete against the total sales of other brands. As for BYD, its products cover 10-300000 yuan, especially the 10-200000 yuan market, its trend is difficult to stop, but if only for Tesla's sales market, BYD is still not as good as Tesla.

According to the ranking list counted by the "Tramway report," the performance of the new car-building forces in July was relatively stable, and many car companies returned to the class of 10,000 vehicles, of which the highest number was 12655 cars, 12044 zero-running cars, 11524 Xiaopeng cars, 10422 ideal cars, and 10051 Ulay cars. In terms of total sales, the car with the highest sales volume is the car which is currently on sale, which includes three models: which car S, which car V, and which car U, and which is the latest model on the market, with a pure electric version and an extended range version, with a price of 19.98-338800 yuan.

Apart from BYD, SAIC GM Wuling is the best performer in the traditional new energy vehicle market, with Hongguang MINIEV selling 37128 vehicles in July, followed by GAC's AION Y with 12530, and Chery's Xiao Ant and QQ ice cream sales of 11202 and 9381 respectively. As for other car companies, Geely's new energy structure is relatively complex. Geely and Lecker both have new energy models on sale, while Geometry is the only brand that sells new energy vehicles. Great Wall mainly relies on Euler cars. Euler cats are the main sales source of the brand, while Wei Brand has also begun to switch to new energy vehicles, but the market performance is mediocre.

The rise in sales is closely related to the introduction of preferential policies by the state. Recently, the executive meeting of the State Council announced another extension of the exemption from the purchase tax on new energy vehicles, which is the third time that China has extended the policy of exemption from the purchase tax on new energy vehicles. The two previous policy extensions are valid for three years and two years respectively, but it is not clear when the policy will be extended. For consumers, the cost of new energy vehicles is lower than that of fuel vehicles. With the rising international oil prices, the advantages of new energy vehicles in the use cost are more obvious.

Cinda Securities pointed out that in August, the industry is expected to be "not light in the off-season". With the increasingly stable control of the epidemic, the release of production capacity around the country is smooth, more than 20 new models with 2.0-liter displacement are launched, and the effectiveness of the gold, silver and silver peak season and policy incentives are revealed. at the same time, new energy vehicles are expected to grow faster than expected, and the automobile industry is expected to continue a high boom.

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