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On December 9, BAIC New Energy, a subsidiary of BAIC Blue Valley, released KuaiBao's production and marketing in November 2019. BAIC New Energy sold 7005 vehicles in November, compared with 18732 in the same period last year, down 62.6% from a year earlier, according to the report. Cumulative sales from January to November this year were 113988, compared with 123988 in the same period last year, down 11.20% from a year earlier. In addition to BAIC New Energy, sales of BYD, another company dedicated to the development of new energy vehicles, also declined. Data show that BYD's new energy sales in November were 11220, down 62.69% from a year earlier.
Sales of new energy vehicles, which were originally small, have plummeted after subsidies declined this year, falling for five consecutive months by the end of November, and the decline continues to expand. According to the Federation of passengers, sales of new energy passenger vehicles in November were 72000, down 45.4% from a year earlier, almost halving. In this environment, the domestic sales giants BYD and BAIC have all fallen. The new energy vehicles, which are regarded as "corner overtaking", have suddenly turned over in the corner. Since June this year, subsidies for new energy vehicles have been slashed, and overall sales have declined. Sales of new energy declined from July to November.
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 sales data released by the China Automobile Association, the production and sales of new energy vehicles in November were 110000 and 95000 respectively, down 36.9% and 43.7% respectively from a year earlier. The cumulative production and sales of new energy vehicles from January to November were 1.093 million and 1.043 million, respectively, up 3.6% and 1.3% respectively. In June, sales of new energy vehicles in China were 152000, an increase of 81 per cent over the same period last year. In the same month, the state began to slow down the amount of new energy subsidies, which was 70% lower than in 2018. Affected by the decline of new energy subsidies, the sales of new energy vehicles have declined off a cliff. ...
At the 2021 International Forum on the Development of China Automotive Industry (Teda) held on September 4, Feng Xingya, general manager of GAC GROUP, said that GAC GROUP plans to achieve 3.5 million vehicle sales by 2025, accounting for more than 25% of new energy vehicle sales. among them, independent brand sales reached 1 million, fully electrified, strive for new energy vehicles to account for 50% of their own brands, and the proportion of new energy vehicles connected to the Internet will reach 100%. In addition, Feng Xingya revealed that GAC is actively exploring the use of power exchange mode in more models and even the whole model, so as to promote and participate in the construction of smart cities and energy ecology. On the forum.
After the rapid development, the sales of new energy vehicles stalled, and this year's sales may be the same as last year, without growth. China International Capital Corporation pointed out in the research report that the sales forecast of new energy vehicles in 2019 will be reduced to 1.2 million-1.3 million vehicles, which is basically the same as in 2018. According to the original plan, the sales target of new energy vehicles in China is 1.5 million in 2019 and 2 million in 2020. This led China International Capital Corporation to lower his forecast for new energy vehicle sales for the whole year. Since July, new energy vehicle sales have declined for three consecutive months compared with the same period last year, including a 34.2% year-on-year decline in September to 80,000 vehicles, which widened and exceeded expectations.
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.
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.
According to the China Automobile Association, new energy vehicle sales experienced negative growth for the first time in July, with sales of 80, 000 new energy vehicles in that month, down 4.7% from the same period last year. From January to July this year, sales of new energy vehicles were 699000, up 40.9% from the same period last year. China Automobile Association predicts that sales of new energy vehicles in 2109 are expected to be about 1.5 million, an increase of 19.4% over the same period last year. In terms of brand segmentation, with the exception of Jianghuai New Energy, the other mainstream car companies' new energy vehicle targets are less than 50% of the annual sales target. The top three BYD, SAIC passenger cars and BAIC New Energy sold 162000 and 90, 000 vehicles respectively.
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.
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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.
At the beginning of this year, BAIC New Energy initially set an annual sales target of 220000 vehicles, but by the end of July, BAIC New Energy had achieved only 35 per cent of its sales target. According to the announcement on BAIC's Langu website, BAIC's new energy subsidiary sold 12509 vehicles in July, up 78% from January to July to 77668 vehicles, up 28% from a year earlier. According to the data released by the Federation of passengers, the sales of new energy narrow passenger vehicles in July this year were 67000, down 3.8% from January to July compared with the same period last year, an increase of 54.9% over the same period last year.
From January to May in 2021, global sales of new energy passenger vehicles were 1.86 million, and China accounted for 47 per cent of the world's new energy passenger vehicles, according to the Federation of passengers. It is worth noting that the global sales of generalized new energy passenger vehicles from January to May in 2021 are 3.06 million. Among them, the global sales of new energy vehicles in the narrow sense of plug-in, pure electric and fuel cells were 1.86 million, an increase of 165% over the same period last year. As early as 2019, China's share of new energy passenger vehicles in the world reached 51%, but later, due to the accelerated growth of new energy vehicles in Europe, China's share fell to 4. 5% in 2020.
On November 11, the China Automobile Association released the latest production and sales situation of China's automobile market in October 2019. Data show that the production and sales of China's automobile market in October 2019 were 2.295 million and 2.284 million respectively, down 1.7% and 4% from January to October last year. China's auto market accumulated production and sales of 20.652 million vehicles, down 10.4% and 9.7% respectively in the same period. Since the decline of new energy vehicles, the sales volume of new energy vehicles in China has declined for four consecutive months. On the whole, China's production and sales completed 95000 and 75000 respectively in October this year.
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.
On October 14, according to the automobile production and sales data released by the China Automobile Association in September 2019, the production and sales of new energy vehicles reached 89000 and 80000 respectively in September this year, down 29.9% and 34.2% respectively from the same period last year. From January to September, the production and sales of new energy vehicles were 888000 and 872000, up 20.9% and 20.8% from the same period last year, which was significantly lower than that of the same period last year. The decline in sales for three consecutive months compared with the same period last year is mainly due to the decline of new energy subsidies. Overall, China's automobile production and sales in September this year were 2.209 million and 2.271 million respectively, respectively, compared with the same period last year.
On January 5, BYD announced that it sold 426972 cars in 2020, down 7.46% from the same period last year, including 56322 in December, up 30.44% from the same period last year. Judging from the monthly sales data, BYD's sales performance is bright enough, but from the perspective of annual sales, due to the impact of the epidemic and the car market, BYD's new energy sector sales have declined for six consecutive months, with a cumulative decline of double digits. Specifically, BYD sold 28841 new energy vehicles in December 2020, a year-on-year increase of 1.
On November 16, at the Development Forum of Automobile Dealers Group at the annual meeting of China Automobile Circulation Industry in 2019, Cui Dongshu, Secretary General of FIFA, released the report "Analysis and Prospect of Automobile Market 2020". In October, 1.843 million narrow passenger cars were sold nationwide, down 5.7 per cent from a year earlier and up 3.5 per cent from a month earlier, according to sales data released by the Federation of passengers. In terms of new energy vehicles, the market has seen negative growth for four consecutive months, with wholesale sales of 66000 new energy passenger vehicles in October, down 45.4 per cent from a year earlier and up 1 per cent from a month earlier. The Federation said that sales of new energy vehicles continued.
According to the big data report on personal used cars in August 2019, the demand for new energy vehicles in China has increased since the beginning of this year, with sales of new energy used cars growing by 129% in August compared with the same period last year. The problem of low preservation rate of new energy vehicles has always been an awkward situation in the new energy used car market, but with the rapid development of new energy vehicle market and the decline of new energy subsidies, the price of new cars naturally increases unabated, in the face of this situation, second-hand cars must be a choice. In addition, the impact of urban traffic restrictions and low cost are also the main factors to attract consumers to buy new energy vehicles. With the new energy.
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