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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.
Net profit plunged 90% in 2018 compared with the same period last year. Changan Automobile, which suffered a huge loss of 2.1 billion in the first quarter of this year, has been declining sales for many months, whether under its own or joint venture brands, which is also the main reason for the decline in profits to losses. In April data, Changan Automobile continued to decline across the board. Changan Automobile sold 121000 vehicles in April, down 35% from the same period last year. From January to April, cumulative sales reached 570000 vehicles, down 32.5% from a year earlier. Independent brands, Changan Ford and Changan Mazda have all declined seriously, among which the form of Changan Ford is more severe. The sales of Chongqing Changan, the main body of Changan passenger car plate, fell 44% in April compared with the same period last year.
The decline of subsidies has led to a sharp decline in sales of new energy vehicles. 2020 is the time when subsidies were completely withdrawn from the original plan, but the plan has changed. Miao Wei, minister of industry and information technology, made it clear that subsidies for new energy vehicles will not decline further this year. At the China Electric vehicle 100 Forum on January 11, Miao Wei, minister of industry and information technology, responded to the issue of subsidies for new energy vehicles: "on July 1 this year, the subsidies will not go downhill again." Miao Wei also said that due to macroeconomic pressure, the switching of emission standards between the five countries and six countries, subsidies and other related support policies in 2019, China's production and sales of new energy vehicles began to decline in July 2019. ...
SAIC, as the largest automobile group in China, will inevitably decline while China's car sales remain in the doldrums. According to KuaiBao, SAIC's April production and sales, SAIC's sales fell 20% in that month to 1.99 million vehicles from January to April, down 16.8% from a year earlier, and sales directly decreased by 400000. China's new car sales are affected by the economic slowdown, the overall market situation continues to decline, 2018 is the inflection point of China's automobile industry, the decline continues to this day, the passenger car market monthly sales decline with double digits, affecting the sales performance of various manufacturers. SAIC stall precisely reflects the domestic.
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.
SAIC Volkswagen has slipped again! According to the October production and sales report released by SAIC, sales of its joint venture SAIC-Volkswagen have fallen for 10 consecutive months, with new car sales of 155000 units in October, down 8.01 per cent from a year earlier. It is worth noting that other SAIC companies achieved year-on-year growth in that month, only SAIC Volkswagen declined. In the case of the market entering the fast lane of sustained growth and the general rise of Japanese joint venture car companies, SAIC-Volkswagen, which is at the head of the car company, obviously stalled, forming a big contrast with the market as a whole. The 10-month decline in sales has also led to a double-digit decline in SAIC-Volkswagen as a whole. 1muri.
Over the past month or so, a set of data showing a decline in China's auto industry in 2018 has become the focus of the topic. China's automobile production and sales in 2018 were 27.809 million and 28.081 million respectively, down 4.2 per cent and 2.8 per cent respectively compared with the same period last year, the first annual decline in 28 years. In this environment, from the 14 listed vehicle companies that have announced their 2018 performance forecasts, it is found that only 4 have achieved year-on-year growth, while the remaining 10 have declined, or even dropped sharply. In addition, a total of three car companies reported operating losses. A number of car companies have said that the decline in performance is related to.
According to production and sales data released by SAIC, SAIC sold a total of 2.9373 million vehicles in the first half of 2019, down 16.62 per cent from a year earlier. This is the first time in 10 years that SAIC's sales have declined in half a year. Judging from the development of SAIC, SAIC is climbing step by step. Even with the decline in the auto market in 2018, SAIC still maintained a slight growth of 1.75%, with annual sales reaching more than 7 million vehicles, contributing 1/3 of China's passenger car sales. However, only half a year later, SAIC subsidiaries or joint ventures were sold to Thailand and Indonesia.
When it comes to legal brands, I believe everyone is very familiar with them, and they already enjoyed a reputation in China in the early days, but with the influence of the market environment, the performance of legal brands in the domestic market has gradually declined, and now the four major brands account for less than 1% of the Chinese market. In addition to the performance of the domestic market, the sales of French brands in the global market have also declined, and the market performance has further shrunk.
Affected by the depression of the automobile sales market in the first half of this year, as the upstream industry of vehicle manufacturing, the performance of auto parts enterprises also showed a large-scale decline. Not long ago, the overall decline in the ranking of auto parts companies in the Fortune 500 list released by Fortune magazine proves that it is an indisputable fact that the auto parts industry is collectively backward. According to this year's Fortune 500 ranking, there are 10 auto parts companies on the list this year, of which seven have declined to varying degrees, except for two that have risen slightly and one that remains unchanged. Judging from the list data, except for Bo in the first half of this year.
Due to the Spring Festival holiday superimposed by the novel coronavirus epidemic outbreak, China's auto market fell sharply in January this year, a year-on-year decline of as much as 20%. But despite signs of such a sharp decline in sales in China, it has failed to change the share of the Chinese car market in the world. At the same time, with the impact of the market economy, the global automobile market is also declining rapidly. According to the global sales data released by the Federation of passengers a few days ago, nearly 90% of the major automobile production and sales countries have experienced a decline, with a decline of more than 5%, with only two regional markets showing slight growth. From various regional markets, such as China, South Korea.
The auto market shrouded by COVID-19 has seen signs of a sharp decline since the first quarter of this year, and according to the latest April new car sales data released by various countries, the global car market almost without exception has declined, and sales in many countries have even hit bottom.
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According to the statistics of the China Association of Automobile Manufacturers, automobile production and sales in China completed 1.991 million and 1.958 million vehicles respectively in August, down 0.5% and 6.9% respectively from the same period last year. From January to August, automobile production and sales completed 15.939 million and 16.104 million vehicles respectively, down 12.1% and 11% respectively over the same period last year, and the decline still maintained double digits. From the various series of market share announced by the association, the overall sales of independent brands declined the most. In fact, enter 2019 market competition intensifies, Chinese car brand life is not easy, not only sales continue to decline, market share also.
Affected by the COVID-19 epidemic, domestic car companies experienced a "bleak and dark" moment in the first few months of 2020, when sales plummeted and their performance suffered a sharp setback. with the improvement of the epidemic situation and the gradual recovery of the automobile market, a number of car companies have also ushered in a recovery in sales. Judging from the July sales figures released by mainstream joint venture car companies, most of them have achieved positive monthly growth, with only SAIC and Volkswagen continuing to decline. SAIC-Volkswagen also became the car company with the biggest decline in sales among the leading joint venture car companies. SAIC-Volkswagen has been in a state of decline since 2020, even if the car market picks up and most car companies achieve year-on-year sales growth.
On October 23rd, * ST issued an announcement on the Shanghai Stock Exchange's response to the post-review inquiry letter of the 2019 semi-annual report, revealing the current operating condition of the group and the reasons for the decline in the company's gravity. In response to the company's continued decline in rebate receivables, * ST said it was mainly due to the continued decline in vehicle purchases and sales and the decline in the number of stores licensed by the brand. In addition, the purchase and sales of vehicles of all brands of the company have declined, and the decline in the number of vehicle purchases and sales as well as the decline of vehicle business has led to a continuous decline in the number of stores authorized by the brand. Shut down and transfer part of the store by the company.
COVID-19 has undoubtedly had a great impact on the global market. He thought that in the face of the impact of the epidemic since February, China's auto market had declined by 80 per cent, which was already the biggest decline in the global auto market. However, as the epidemic has gradually spread to overseas regions, it has dealt a heavy blow to many overseas countries, with the Italian auto market falling as much as 85 per cent. According to the latest global auto market statistics in March and the first quarter, in addition to the nearly 50% decline in the Chinese market, the Indian market in Asia also declined by more than 50% in March this year. Japan and South Korea were relatively flat in March; Russia alone.
As the largest automobile group in China, SAIC announced its quarterly results on the 30th, showing that its operating income in the first quarter was 196.016 billion yuan, down 16.54 percent from the same period last year, and its net profit was 8.251 billion yuan, down 15 percent from the same period last year. The decline in performance is related to the decline in overall sales of SAIC. According to SAIC's first-quarter sales report, the group sold a total of 1.533 million cars from January to March, down 15.88% from a year earlier, and major joint ventures and independent brands declined across the board. SAIC is the auto group with the largest sales volume and profits in China, and its downward trend reflects the depressed domestic auto market.
Changan Automobile, which is in constant decline, today released a production and sales report for June, showing that new car sales in June were 142000, down 24.8% from a year earlier, down 24.8% from January to June, down 31.7% from a year earlier. Regardless of the month or the first half of the year, Changan's independent brands and joint venture brands have declined across the board. From the perspective of specific brand sales, Changan brand sold 69000 new cars in June, down 0.8% from January to June, down 26.1% from January to June. Jiangling Holdings sold 24000 new cars in June, down 46% from January to June.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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