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With the end of the year approaching, less than three days before 2020, it can be described as "difficult" throughout 2019. After falling after 2018, the auto industry has not improved this year, making it difficult for most car companies to meet the sales targets set at the beginning of the year. According to current statistics, only four car companies have achieved their annual targets, and there is still no hope for most car companies to achieve their goals. In the early morning of December 27th, FAW-Volkswagen announced that the millionth vehicle in 2019 would be off the line, meaning that the company's production had exceeded 2 million for two consecutive years, two days earlier than last year. In addition, according to the official announcement of FAW-Volkswagen, the company 2.
The outbreak of the epidemic in the first half of the year disrupted the pace of operation, and a number of car companies reported a decline in sales in the first half of the year. In the second half of the year, some car companies began to adjust their targets according to the sales situation. It is understood that before, including the Great Wall, Guangzhou Automobile, Changan and other car companies lowered their sales targets for 2020, from the completion rate of the sales targets of the major car companies in the first half of the year, there is still great pressure to complete the annual sales task. In mid-March, Great Wall announced that it would lower its sales target for 2020, becoming the first car company to adjust its sales due to the impact of the epidemic. According to the latest 2020 limit released by Great Wall Motor.
At present, the global automobile market is still affected by the shortage of chips, and the impact of the COVID-19 epidemic continues, but many car companies still maintain high prospects and confidence for the development in the coming year. To this end, the automobile industry pays attention to statistics of a number of car companies' sales targets in 2022. Geely Automobile: annual target of 1.65 million sets as a leader of its own brands, Geely Motor's performance in the Chinese market is obvious to all. Data show that Geely sold a total of 1328029 vehicles in 2021, winning the top spot for Chinese brand car companies for five consecutive years. However, Geely did not complete 153 in view of the shortage of spare parts during the year.
In July, a number of car companies have announced their sales in the first half of the year. "Automotive Industry concern" summarizes the achievement of the annual targets of the 10 listed car companies that have announced sales. In terms of completion rate, the annual target completion rates of the 10 listed companies that have announced sales are all below 50%, including ideal Automobile, GAC GROUP,
Not only 2019 has passed, the new year has also passed a month, car companies have announced New year's resolutions one after another. With the downward trend of the domestic automobile market for two consecutive years, there are still many unpredictable market performance this year, including the impact of the epidemic. In this regard, car companies have become more conservative about the new year's sales, and some even only want to outperform the market.
With only three months to go before the end of 2019, wholesale and retail sales of passenger cars in China declined in September, but by a narrower pace than before, according to data released by the Federation of passengers. So, what is the annual sales completion rate of China's car companies after the end of the third quarter? Next, let's take a look. The above table includes only some car companies, some of which have not announced their annual sales targets and are no longer within the scope of statistics. Joint venture brands include Guangzhou Automobile Toyota, Guangzhou Automobile Honda, FAW Volkswagen Audi, FAW Volkswagen, SAIC General Motors, Guangzhou Automobile Mitsubishi, Mazda brand.
With the steady recovery of the national economy and the accelerated recovery of automobile consumer demand in 2021, and the overall potential of China's automobile market is still huge, it will achieve restorative positive growth in 2021. To this end, a number of car companies are also relatively aggressive in setting annual sales targets. FAW Group: sales target of 4 million vehicles in 2021 shows that FAW Group accumulated sales of 3.706 million vehicles in 2020, an increase of 7.1% over the same period last year. In 2021, FAW set its annual target of 4 million vehicles, an increase of 7.9 per cent over 2020. In terms of independent brands, the Red Flag brand will impact sales of 400000 vehicles.
Under the pressure of the downturn in the domestic automobile market, car companies have reduced their annual sales one after another, and the hot summer has come, but the summer of the automobile market has not come yet. On July 20, Great Wall issued a forecast for the first half of 2019 and a sales target adjustment announcement for 2019. Based on the development of the automobile industry in the first half of the year, in order to maintain the overall sales of Great Wall, Great Wall adjusted its sales target to 1.07 million vehicles in 2019, down 10.8% from 1.29 million set at the beginning of the year. After the reduction, the completion rate of Great Wall in the first half of the year reached 46.2%, which was higher than the original sales rate of 1.2 million vehicles.
Since the middle of 2018, the trend of car sales in China has been declining for more than a year. In this year when the car market suffered a cold spell, the sales of new energy vehicles have maintained a strong growth trend, which can be described as going against the trend. However, under the background of the overall downturn in the automobile market, the new energy vehicle market also seems to have issued a "warning signal" in July. According to data released by the China Automobile Association, China produced 84000 new energy vehicles in July, down 37.2 percent from the previous month and 6.9 percent from the same period last year. 80, 000 new energy vehicles were sold in July, down 47.5 percent from the previous month and 4.7 percent from the same month last year. In July, whether it is pure.
The outbreak of the epidemic in the first half of the year disrupted the pace of operation, and a number of car companies reported a decline in sales in the first half of the year. In the second half of the year, some car companies began to adjust their targets according to the sales situation. According to media reports, Dongfeng Yueda Kia has lowered its annual sales target. At the beginning of this year, Dongfeng Yueda Kia said it would achieve its 10% growth target in 2020 (sales of 289000 vehicles in 2019 and 10% in 2020, that is, 317900 vehicles). However, due to the significant impact of the epidemic at the beginning of the year on the automobile industry, Dongfeng Yueda Kia decided to lower its annual sales target from 317900 vehicles.
As of 8: 00 a.m. on December 20, 2020, the FAW Red Flag brand has produced more than 200000 cars a year, reaching its target 11 days ahead of schedule, according to the FAW Group's website. Data show that FAW Hongqi sold 178200 vehicles in November, up 102 per cent from a year earlier and achieving 89 per cent of its annual sales target of 200000 vehicles. Insiders said that "the sales target set by Chairman Xu Liuping for the red flag needs to be matched by its production capacity", and now the annual production of 200000 vehicles has been achieved first, which means that the sales performance of 200000 vehicles will also be achieved in the near future. In the second half of this year, it attracted much attention from the market.
SAIC expects sales to decline for the first time in 14 years in 2019, by about 7 per cent, and for the first time since records began in 2006, according to people familiar with the matter. The group set a sales target of 7.1 million vehicles for the whole of 2019, while SAIC adjusted its sales target to 6.54 million vehicles, 8 per cent less than the original target because of falling demand in the car market. SAIC Volkswagen and SAIC GM, two joint ventures of SAIC, are also expected to decline, with sales of SAIC Volkswagen adjusting to 2 million vehicles in 2019 and SAIC GM's sales falling to 18. 5%.
When it comes to DPCA, most of the older generation know that it used to be the second most popular French car in China, but now it is becoming a symbol of declining sales of French cars in China. A few days ago, DPCA held a business work meeting in 2019, which identified three major business objectives in 2019: selling 235000 vehicles, ensuring positive profits and double points compliance. It is understood that the sales target of 235000 vehicles set in 2019 is the lowest target for DPCA over the years. After DPCA created more than 4 million sales in China in 2014, it achieved "three times" in order to accelerate the development of the group.
Since Tesla became a hot seller in the global market, Tesla has set a sales target of 500000 vehicles this year. This is much higher than the 367500 vehicles delivered by Truss last year, which is a big challenge for Tesla. But faced with only five days left, Musk said it could still be achieved.
Toyota expects its annual production to fall short of its original target due to a global shortage of semiconductors, according to media reports. Toyota also said it would suspend 11 production lines at eight factories in Japan next month for two to nine days, while the suspension of 11 production lines would also affect Carola, RAV4 and Yali.
On January 8, Xu Liuping, chairman of FAW Group, announced his sales target for the next 10 years in the Great Hall of the people. Xu Liuping said at the conference that the new Red Flag brand sold more than 100000 vehicles in 2019, achieving its original target one year ahead of schedule. On the basis of the surge in sales in 2019, the New Red Flag will achieve the sales target of 200000 vehicles in 2020, 400000 vehicles in 2022, 600000 vehicles in 2025 and challenge the sales target of 1 million vehicles by 2030. For Xu Liuping put forward the sales target, in addition to some surprise, more or the red flag sales target.
According to the Federation of passengers, retail sales of passenger cars totaled 20.543 million in 2022, an increase of 1.9 percent over the same period last year, of which 5.674 million were new energy vehicles, up 90.0 percent from the same period last year. Although the epidemic and the supply of spare parts have had an impact on the growth of the overall auto market, China's auto market
At the beginning of this year, FAW Toyota set an annual sales target of 730000 vehicles. Tian Qingjiu, general manager of FAW Toyota, said during the Guangzhou auto show that FAW Toyota sold a total of 591037 vehicles from January to October this year, and there is no problem in meeting the annual target. According to FAW Toyota officials today, FAW Toyota sold 70, 000 vehicles in November, down 3.5% from a year earlier. The cumulative sales from January to November were about 670000, up 1.2% from a year earlier and meeting 92% of its annual sales target. According to the data released by the China Automobile Association, from January to October this year, China's passenger car market wholesale sales of 1648.
According to the statistics of the China Automobile Association, the cumulative sales of passenger cars in China in 2019 was 21.444 million, down 9.6% from the same period last year. In the environment of the decline in the automobile market, the joint venture brand FAW Toyota has achieved year-on-year sales growth. According to FAW-Toyota, cumulative sales reached 737500 vehicles in 2019, up 2 per cent from 2018. It is worth noting that although FAW Toyota achieved year-on-year sales growth, it did not complete the annual sales task, which is still 7000 vehicles away from the sales target of 745000 vehicles in 2019. In this case, FAW Toyota will sell in 2020.
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.
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