Original title: Nearly 400,000 new energy vehicles were produced and sold in October
● Our reporter Cui Xiaosu
On November 10, data released by the China Automobile Manufacturers Association (“China Automobile Association”) showed that in October 2021, car sales were 2.333 million vehicles, a year-on-year decrease of 9.4%. The overall new energy vehicle market continued to perform well, with production and sales approaching the level of 400,000 vehicles in October, and the penetration rate from January to October increased to 12.1%.
Chip supply eased slightly
According to data released by the China Automobile Association, in October, automobile production and sales reached 2.33 million and 2.33 million, respectively, up 12.2% and 12.8% month-on-month, and down 8.8% and 9.4% year-on-year. From January to October, automobile production and sales were 20.587 million and 20.97 million, up 5.4% and 6.4% year-on-year.
The China Automobile Association said that from the situation in October, the decline in automobile production and sales driven by passenger cars has significantly narrowed. Although chip supply in October has eased slightly from September, it still cannot fully meet production needs. Moreover, the market for commercial vehicles has continued to fluctuate due to changes in policies and regulations. In addition, due to factors such as insufficient demand, the automotive market is still operating at a low level.
In October, the production and sales of passenger vehicles were 1.988 million and 2.007 million, respectively, up 12.5% and 14.6% month-on-month, and down 4.7% and 5.0% year-on-year, respectively. From January to October, the production and sales of passenger vehicles were 16.648 million and 16.871 million, respectively, an increase of 8.6% and 8.8% year-on-year.
In October, the production and sales of commercial vehicles were 342,000 and 326,000, up 10.0% and 2.5% month-on-month, and down 26.9% and 29.7% year-on-year. Among the main types of commercial vehicles, compared with the previous month, the production and sales of trucks have shown a growth trend, and the production and sales of passenger cars have declined. From January to October, the production and sales of commercial vehicles were 3.939 million and 4.099 million, a year-on-year decrease of 6.3% and 2.5% respectively. Among the main types of commercial vehicles, compared with the same period last year, the production and sales of passenger cars continued to maintain a rapid growth trend, and the production and sales of trucks both showed a downward trend.
The China Automobile Association said that in the fourth quarter, with the steady and positive development of the macro economy, the demand for automobile consumption remained stable. However, there are still uncertainties on the supply side. Chip supply gradually eased in the fourth quarter, which will promote monthly production and sales to maintain growth, but the overall supply is still in short supply; rising electricity bills and continuous high raw material prices increase cost pressures for enterprises. Based on the above factors, the annual automobile production and sales will increase slightly over last year, but lower than expected.
The new energy vehicle market is booming
In October, the overall new energy vehicle market continued to perform well. Production and sales continued to grow month-on-month and year-on-year. Production and sales reached a record high, reaching 397,000 and 383,000, respectively, representing a month-on-month increase of 12.5% and 7.2%, respectively. 1.3 times. Among the main types of new energy vehicles, the production and sales of pure electric and plug-in hybrid vehicles have maintained growth compared with the previous month; compared with the same period last year, the production and sales of pure electric and plug-in hybrid vehicles have increased rapidly.
From January to October, the production and sales of new energy vehicles reached 2.566 million and 2.542 million respectively, a year-on-year increase of 1.8 times. Among the main types of new energy vehicles, the production and sales of pure electric and plug-in hybrid vehicles continued to grow rapidly compared with the same period last year.
It is worth noting that the penetration rate of the new energy vehicle market continued to be high in October, at 16.4%, and the penetration rate of the new energy passenger vehicle market reached 18.2%.
Regarding the continued high boom in the new energy vehicle market, Chen Shihua, deputy secretary-general of the China Automobile Association, believes that this year mayGuoxin EnergyAn inflection point in the history of automobile development. New energy vehicle products have gradually been recognized by the market, and product categories and cost performance have greatly improved compared to a few years ago. Auto companies are racing to launch products that meet the needs of young consumers. The new energy passenger car market has obvious characteristics of intelligence, connectivity, and youth.
Automobile exports increased significantly year-on-year. In October, auto companies exported 231,000 vehicles, a month-on-month increase of 33.8% and a year-on-year increase of 1.1 times. In terms of vehicle types, passenger vehicle exports were 198,000 units this month, an increase of 47.3% month-on-month and 1.3 times year-on-year; commercial vehicle exports were 33,000 units, a month-on-month decrease of 13.8% and a year-on-year increase of 37.2%. The contribution rate of new energy vehicle export growth this month was 43.3%.
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