AutoBeta(AutoBeta.net)11/10 Report--

According to the latest data from the Federation of passengers, sales in the domestic narrow passenger car market in October 2022 were 1.84 million, up 7.3 percent from the same period last year, down 4.3 percent from the previous year, of which 556000 were new energy passenger vehicles, up 75.2 percent from the same period last year and down 9.0 percent from the previous month. From January to October 2022, the domestic narrow passenger car market sold a total of 16.716 million vehicles, an increase of 3.0 percent over the same period last year, of which 4.432 million were new energy passenger vehicles, an increase of 107.5 percent over the same period last year.

According to the statistics of the Federation of passengers, the top five new energy vehicle companies in October 2022 are BYD, SAIC GM Wuling, Changan Automobile, GAC Ean and Geely Automobile, with sales of 205800, 43700, 32400, 30100 and 28600 respectively. BYD is the only new energy vehicle company with a retail volume of more than 200000 vehicles, with a market share of 37.1%. SAIC GM Wuling is the only brand in the top five to decline.

According to the top 15 sales rankings on the list, 11 car companies sold more than 10,000 new energy passenger vehicles in October, of which Cyrus continued to maintain its growth momentum, delivering more than 10,000 vehicles for three months in a row. In the list, with the exception of SAIC GM Wuling, Great Wall Motor and SAIC passenger cars, the rest achieved year-on-year growth. Among them, SAIC GM Wuling fell 14.4% year-on-year to 43712 vehicles; Great Wall Motor fell 26.7% year-on-year to 9402 vehicles; SAIC passenger cars had the highest decline, falling 32.4% to 8534 vehicles.

Although the auto industry was affected by external factors such as the epidemic, BYD's sales performance in October was still "amazing". According to the data, BYD's sales rose 159.4 per cent year-on-year to 205800 vehicles, making it the only car company on the list to exceed 200000 vehicles. According to the analysis of the sales list of new energy vehicles in October, BYD's car companies almost dominated the list. BYD accounted for 6 of the top 10 new energy vehicles, of which BYD Song topped the list with 56100, while Qin, Han, Dolphin, Yuan PLUS and Tang ranked 3rd, 4th, 5th, 6th and 7th respectively. Sales were 32100, 31400, 25200, 20400 and 16900 respectively. In addition, the seals in the ocean series, as a new car newly on the market, also contributed good sales to BYD. Seals ranked 13th on the list with 11267 vehicles, selling more than 10,000 vehicles for the first time, becoming another popular model under BYD. The destroyer 05 with a price range of 119800-155800 yuan in the ocean net warship series accounts for 9111 vehicles, but there is still some room for improvement. at present, the frigate 07, the second model of the series, has been officially mass produced on October 24. the pre-price range is 220000-280000 yuan, and the new car is expected to be officially on the market this year.

As one of Huawei's key car brands, Cyrus ranked among the top nine new energy manufacturers in October with 12040 vehicles, an increase of 399.8% over the same period last year, including 6812 M5 and 5226 M7, ranking 21st and 26th on the list of new energy vehicles. In addition, Yu Chengdong, BU CEO of Huawei's smart car solution, has said that AITO already has the capacity to sell 20, 000 vehicles a month, and Cyrus is expected to maintain its growth trend in the future.

In sharp contrast, Great Wall Motors continued to show a downward trend on the list, falling 26.7% to 9402 vehicles in October from a year earlier. Only the Harvard and tank brands grew, with the Harvard brand, the backbone of Great Wall, rising only 1.86 per cent to 63759 units year-on-year, according to official data. A small increase does not make much sense for Great Wall, while Wei and Euler brands have halved. The Wei brand plunged 58.54 per cent year-on-year to 2427 vehicles, making it the biggest drop in the Great Wall brand. Wei Brand currently owns Mocha, macchiato and latte series, but consumers are not buying it. Data show that Mocha DHT-PHEV sold only 282 cars in October; Macchiato DHT-PHEV 55; Macchiato DHT 26; Mochafe 25; latte DHT 25, which is terrible. As for the Euler new energy vehicle brand, it also fell 57.90% to 5572 vehicles compared with the same period last year. In other words, the only brand with better performance in October was the tank brand, which rose 28.17% year-on-year to 12753 vehicles in October.

On October 24th, Tesla China announced price cuts for its Model 3 and Model Y models, starting at 265900 yuan for the adjusted Model 3 model; and 288900 yuan for Tesla Model Y model (both after subsidies). The reason for the big price reduction is to complete sales, but Tesla's sales are still not satisfactory after a wave of operations. According to data from the Federation, Tesla delivered 17200 vehicles in China in October, an increase of only 25.3 percent over the same period last year; it dropped by 77.83 percent from the previous month, of which 14391 were Model Y and 2809 were Model 3.

In November August, Tesla again launched an insurance subsidy program to purchase the car insurance portfolio of existing cars and cooperative insurance institutions and complete the pick-up on schedule from November 8 (inclusive) to November 30 (inclusive). The final payment can be reduced by 8000 yuan, and from December 1 to December 31, the final payment can be reduced by 4000 yuan. Industry analysis, this time again "disguised price reduction" or after the October 24 price reduction Tesla impulse orders are not enough, so hope to increase the order volume through price reduction.

In the field of new power of car building, the sales data of many car companies slowed down or declined to varying degrees in October. Xiaopeng Motor and Zero Auto both fell out of the top 15 list of new energy manufacturers. The only cars on the list were Nagao, Ulai and ideal cars, of which only Nahu achieved slight growth compared with the previous month, and Nahu ranked sixth with sales of 18016 vehicles in October. Zero-running cars, which also focus on low-end models, suffered a decline in sales, delivering only 7026 vehicles in October, down 36.4% from the previous month. The sharp decline is due to the short-term impact on the overall delivery rhythm caused by the Jinhua epidemic in Zhejiang and the capacity climbing brought about by zero-run C01 delivery.

In the "Wei Xiaoli" camp, the pattern of the three car companies has also changed, with sales declining to a certain extent in October, of which Xiaopeng was the most "outstanding". The delivery volume of only 5101 vehicles nearly halved in October, down 49.68% from the same period last year and 39.76% from the previous month. Xiaopeng was the only one of the three car companies that declined year-on-year compared with the same period last year, and before that, Xiaopeng had one of the best delivery volumes among the new forces. Delivery of Lulai cars rose 174.3 per cent in October from a year earlier to 10059, but fell 7.5 per cent from a month earlier, mainly due to the suspension of production at two factories in Hefei due to epidemic prevention and control requirements, and delivery of its models has generally been delayed. Ideal cars rose 31.4 per cent year-on-year to 10052, just seven short of Xilai, but still down 12.8 per cent from a month earlier.

According to the CAC data, the retail penetration rate of independent brand new energy vehicles in October was 52.9%. In short, new energy vehicles sold by independent brands accounted for more than half of the new cars sold in October. According to the latest statistics of the China Automobile Association, the production and sales of new energy vehicles reached new highs in October, reaching 762000 and 714000 respectively, an increase of 87.6% and 81.7% over the same period last year, with a market share of 28.5%.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat