my country’s January-November sales growth rate of new energy vehicles changed from negative to positive

The China Association of Automobile Manufacturers (hereinafter referred to as “CAAM”) announced the production and sales data of automobiles in November. The data shows that in November 2020, the production and sales of my country’s automobile market continued to maintain a relatively high growth rate, among which the new energy vehicle market performed outstandingly. The sales volume in November more than doubled year-on-year, and the year-on-year growth rate of cumulative sales volume turned from negative to positive.

In November, my country’s automobile production and sales completed 2.847 million and 2.770 million respectively, an increase of 11.5% and 7.6% month-on-month, and a year-on-year increase of 9.6% and 12.6% respectively; as of November, automobile production and sales have shown growth for 8 consecutive months, of which sales The growth rate has remained above 10% for seven consecutive months. From January to November, the cumulative production and sales of automobiles were 22.372 million and 22.470 million, a year-on-year decrease of 3.0% and 2.9%, respectively, 1.6 and 1.8 percentage points lower than that from January to October.

Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said that in November, the country’s strategy to expand domestic demand and various policies to promote consumption continued to exert its efforts. The domestic coordinated promotion of epidemic prevention and control and economic and social development has achieved remarkable results. The basic situation has recovered, the employment situation has continued to improve, prices have stabilized, market expectations have improved, and the national economy has continued to recover steadily. In this context, automobile production and sales continued to show a relatively rapid growth trend, and the industry situation showed a development trend of steady progress.

In terms of passenger cars, production and sales in November were 2.329 million and 2.297 million, up 11.8% and 8.9% month-on-month and 7.5% and 11.6% year-on-year. From the perspective of subdivided models, all 4 types of models in sales showed a year-on-year increase; except for MPV models, the other 3 types of models showed a year-on-year increase.

From January to November, the production and sales of passenger vehicles reached 17.651 million and 17.793 million respectively, down 8.1% and 7.6% year-on-year, respectively, and the decline continued to narrow by 2 and 2.3 percentage points from January to October. From the perspective of subdivided models, SUVs and crossover passenger cars are better than the overall level, and the cumulative sales decline of SUVs has narrowed to less than 1%. Among them, the production and sales of sedans decreased by 11.8% and 11.3% respectively year-on-year; the production and sales of SUVs decreased by 1.2% and 0.9% respectively; the production and sales of MPVs decreased by 28.6% and 26.3% respectively; the production and sales of cross-type passenger vehicles decreased by 3.4% and 3% respectively.

In November, the sales of Chinese brand passenger cars continued to maintain a double growth trend year-on-month. A total of 950,000 vehicles were sold in the month, a slight increase of 1.26% month-on-month and a year-on-year increase of 17.7%, accounting for 414% of the total passenger car sales. An increase of 0.2 percentage points, an increase of 2.1 percentage points over the same period of the previous year. Chen Shihua said that Chinese brands are under great pressure in the months after the outbreak of the epidemic this year, especially the rear Chinese brand passenger car companies are facing pressure to survive, and some companies are reorganizing; in recent months, Chinese brand passenger cars have recovered speed Faster, both October and November exceeded the level of the same period, but as far as the whole year is concerned, it is still under very great pressure.

From January to November, a total of 6.703 million Chinese brand passenger vehicles were sold, a year-on-year decrease of 10.7%, and the market share was 37.7%, a year-on-year decrease of 1.3 percentage points. In terms of models, the market shares of self-owned brand cars, SUVs and MPVs were 19.6%, 48.6% and 67.5% respectively, of which the market shares of cars increased; narrow.

It is worth mentioning that from January to November, the market concentration of key enterprise groups continued to decline slightly. The data shows that from January to November, the sales volume of the top ten enterprise groups in automobile sales totaled 20.121 million vehicles, a year-on-year decrease of 3.3%, accounting for 89.5% of the total automobile sales, 0.4 percentage points lower than the same period last year.

In November, the production and sales of new energy vehicles reached 198,000 units and 200,000 units respectively, up 75.1% and 104.9% year-on-year, respectively. Its monthly production and sales broke the historical record for the month for the fifth time. Among them, the production and sales of pure electric vehicles were 164,000 units and 167,000 units, an increase of 66.2% and 100.5% year-on-year, respectively; the production and sales of plug-in hybrid vehicles were 33,000 units, an increase of 136.4% and 128.9% year-on-year respectively; the production and sales of fuel cell vehicles 288 vehicles and 290 vehicles were completed, representing a year-on-year increase of 7.2 times and 28 times, respectively.

From January to November, the production of new energy vehicles was 1.119 million units, a year-on-year decrease of 0.1%, and the rate of decline was 9.1 percentage points lower than that from January to October; Changed from negative to positive. Among them, the production of pure electric vehicles was 890,000 units, a year-on-year decrease of 3.1%, and the sales were completed at 894,000 units, a year-on-year increase of 4.4%. 1.8%; the production and sales of fuel cell vehicles were 935 and 948, a year-on-year decrease of 34.4% and 29.1% respectively.

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