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Due to the decline of new energy vehicle subsidies, the destocking of traditional cars in the five-year-old and the six-nation-state, and the depression of the automobile market, there has been a huge reversal in China's new energy vehicle market in the past 2019. According to the statistics of the China Automobile Association, after the subsidy for new energy vehicles declined in June 2019, the sales of new energy vehicles in China declined in May in a row, and the rate of decline is increasing. From July to November 2019, sales of new energy vehicles fell 3.8%, 21.7%, 34.8%, 46.0% and 43.7% respectively compared with the same period last year. Among them, November continued to nearly halve the situation. Due to the continuous sharp decline in sales.
According to the Federation of passengers, the cumulative sales of new energy narrow passenger cars in the first 11 months of 2020 were 905000, down 2.9 per cent from a year earlier. Although there is a "howl" in the new energy vehicle market in the first half of the year, thanks to the favorable automobile development in the second half of the year and the implementation of the new energy vehicle policy, the sales performance of new energy vehicles in 2020 is expected to exceed 2019. In 2020, when the new energy vehicle market broke out, BAIC New Energy, which once won the top spot in pure electric vehicle sales for seven years in a row, fell off a cliff in 2020, even if it launched a high-end brand.
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, with a global market share of 5%.
2019 has not been a good year for the new energy market, with the first year-on-year decline under the decline of new energy subsidies, but the new energy market is still dominated by independent brands. However, the market decline in 2020 and the impact of the epidemic have made the poor performance of the new energy market even worse, and brand sales have undergone tremendous changes.
The decline of the car market in 2020 superimposed the impact of the epidemic, so that the overall car market showed a recovery trend of low before and high after. At the same time, the new energy vehicle market, which has been in a state of malaise in production and sales, has also walked out of the same trend, with sales of 109000 new energy vehicles in August, setting a new record for the month.
The new energy vehicle market, which has been declining for 12 months, finally ushered in an increase in sales in July this year, and the new energy business of a number of car companies temporarily ended the state of "falling". However, as once the largest domestic new energy vehicle sales company, BAIC New Energy continues to plummet. BAIC New Energy sold only 2009 vehicles in July, down 84% from a year earlier, while sales from January to July totaled 16709 vehicles, down 78.5% from a year earlier, according to the BAIC Blue Valley report on Aug. 12. Obviously, BAIC New Energy failed the market performance in 2020, falling far more than the entire new energy industry. According to the China Automobile Association.
After the decline of subsidies, the sales of new energy vehicles plummeted, "revealing their true colors"? According to figures released by the Federation of passengers, sales of new energy passenger vehicles in October were 63000, down 46.0% from a year earlier, almost halving. Of these, the wholesale number of pure electric passenger cars was 51000, a year-on-year drop of 46 per cent, and a 44 per cent drop in mixed models. The decline in new energy sales from July to September has gradually widened, falling by 3.8%, 21.7% and 34.8% respectively, far exceeding the decline in the overall passenger car market. The 46% decline in the market in October may further exacerbate concerns about the future development of new energy. New energy vehicles still surpassed in the first half of the year.
BAIC New Energy, which once won the first place in the field of pure electric vehicles, has suffered a slump in sales and a loss in performance. What has happened to this car company? The answer can be found out by Liu Yu, general manager of BAIC Blue Valley, in an interview with the media. The new energy vehicle market, which has been declining for 12 months, finally ushered in an increase in sales in July this year, and the new energy business of a number of car companies temporarily ended the state of "falling". However, as once the largest domestic new energy vehicle sales company, BAIC New Energy continues to plummet. BAIC New Energy sold only 2009 vehicles in July, according to the BAIC Blue Valley report on August 12.
Gan Lin, deputy director of the State Administration of Market Supervision and Administration, said at the 2021 World New Energy vehicle Congress (WNEVC) that so far, market regulators have urged enterprises to recall 1.2838 million new energy defective vehicles, accounting for 22.13% of the total number of new energy vehicles. At the same time, it revealed that in view of the continuous phenomenon of fire collision accidents, market regulatory departments have established a vehicle accident reporting system to enhance the pertinence of quality defect investigation. For the new safety problems caused by automobile remote upgrade OTA technology, the OTA record evaluation system is established. When the sales volume of the new energy market increases gradually, the new energy automobile market.
Over the past year, new energy vehicle stocks, including Tesla, Lulai, Xiaopeng, ideal, and BYD, have all seen great growth, with Tesla rising 743.4% this year, making it the world's largest car company by market capitalization. Lurai Motor rose more than 1112.4% this year, and BYD in the domestic market rose more than 300%. However, after entering 2021, new energy vehicle stocks have not been able to continue the strong growth momentum, especially after the year, new energy vehicle stocks have fallen sharply. Tesla fell to 654.87 US dollars per share from 863.64 US dollars per share on February 8, down 24.17%.
Compared with the passenger car market this year, the performance of the new energy vehicle market is particularly prominent. According to data from the Federation of passengers, retail sales of domestic passenger cars totaled 19.288 million this year, an increase of-6.8 percent over the same period last year. Among them, wholesale sales of new energy vehicles in 2020 were 1.17 million, an increase of 12.0 percent over the same period last year, showing a strong growth characteristic of a tenacious reversal in the second half of the year. Obviously better than the passenger car market.
According to the data released by the Federation of passengers on February 9, domestic narrow passenger car sales in January 2021 were 2.16 million, an increase of 25.7% over the same period last year, of which 155000 were new energy narrow passenger vehicles, an increase of 274.5% over the same period last year. According to the data released by the Federation of passengers, SAIC GM Wuling, BYD, Tesla, SAIC passenger cars and Great Wall cars all increased by more than three digits, of which SAIC GM Wuling was 38496, BYD 20330 and Tesla 15484. SAIC passenger cars and Great Wall vehicles were 14398 and 10260 respectively. It's increasing.
BAIC new energy sales and performance fell off a cliff, although the overall car market and new energy vehicle market are clearly recovering, but BAIC new energy life is not easy. A few days ago, BAIC Blue Valley New Energy released a report for the third quarter of 2020, saying that the company's revenue in the first three quarters was 3.922 billion yuan, down 78.16 percent from a year earlier, and its net profit loss reached 2.884 billion yuan, compared with a loss of 313 million yuan in the same period last year. In the net profit after deducting non-operating profit and loss, BAIC Langu's net loss is as high as 3.1 billion yuan. The substantial loss in performance is mainly due to the decline in sales. According to the report, BAIC New Energy sold 2245 vehicles in September.
With the sharp reduction in subsidies, sales of new energy vehicles have declined for three months in a row, which is in great contrast to the rapid growth in the same period last year. New energy narrow passenger car sales in September were 61000, down 34.8 per cent from a year earlier and 4.2 per cent month-on-month, according to the Federation of passengers. In a rare occurrence, sales of new energy vehicles declined for three months in a row, including a year-on-year decline of 3.8% in July and 21.7% in August, showing a trend of increasing monthly decline, and the monthly decline also far exceeded that of the overall passenger car market. The sales of new energy vehicles continued to decline, mainly affected by the decline in market demand and the sharp decline in subsidies. Since 6.
BYD released sales of KuaiBao in May. At a time when the car market is returning to proportional growth, BYD's market performance is disappointing, especially the new energy vehicle sector, which has declined in November and has fallen 60% this year.
Affected by the subsidy factor, sales of in the domestic new energy market declined for the first time in July last year, down 3% from the same period last year and 63% month-on-month. In the following months, the market performance was basically in a state of malaise. A few days ago, the Federation released the latest sales figures, showing that sales of new energy passenger vehicles in December were 137000, down 15.1% from a year earlier and up 73.5% from November, a record for the year.
According to media reports, Wang Qiufeng, former general manager of Tencent Automobile, has officially joined BAIC New Energy as vice president of ARCFOX BU, responsible for the brand marketing. After joining BAIC New Energy, Wang Qiufeng will take charge of ARCFOX brand marketing and report directly to Yu Liguo, president of ARCFOX BU. This is another personnel change within BAIC New Energy since Liu Yu, former executive deputy general manager of Beijing Hyundai, took office as general manager of BAIC New Energy on July 24. Data show that Wang Qiufeng graduated from Beijing University of Technology, entered the Economic Observer in 2004 and joined the first in September 2010.
As we all know, new energy has become a major trend in the development of the automobile industry in the future, and China, as the largest new energy vehicle market in the world, more and more car companies begin to join the new energy army. in an attempt to carve up the big cake of China's new energy vehicle market. And the German top three BBA as a leader in the luxury car field, it is naturally impossible to miss such a good opportunity, so let's take a look at the layout of the German top three in new energy. Let's start with BMW. As the first of the top three German companies to start in the new energy field, BMW launched two new energy models, i3 and i8, as early as 2015.
Both the traditional passenger car market and the new energy vehicle market rebounded to varying degrees in October, reflecting the continuous recovery of the overall market. However, as the former "sales leader" of the new energy vehicle industry, BAIC New Energy has "fallen endlessly". Recently, BAIC Blue Valley released sales of KuaiBao in October 2020. the company sold only 2037 new energy vehicles in October, a year-on-year drop of 76.32%. The cumulative sales from January to October were only 23123, down 78.39% from 106983 in the same period last year. The sharp decline in sales has led to a big loss in profits.
As the most emerging model at present, the market volume of new energy vehicles is not as large as that of fuel models, and the market performance continues to be sluggish due to a variety of factors in the first half of the year. Since the recovery of the auto market in the second half of the year and the promotion of multi-policies, the new energy market has risen rapidly, helping a number of new energy car companies to reach new highs in October.
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