China Auto Sales Snap Three-Year Annual Decline as NEV Sales More Than Double

若离

若离

· 1月13日

In 2021, the overall auto sales in China rose 3.4% year over year to 26.082 million unis, while sales of new energy vehicles (NEVs) more than doubled to an annual record of 531,000 units.

BEIJING, January  12 (TMTPOST)—China’s automobile market managed to snap a three-year streak of sales decline last year, showing more signs to weather the global supply chain disruptions in the wake of Covid-19 pandemic including the chip shortage.   

Source: Visual China

The sales and outputs totaled 26.082 million vehicles and 26.275 million vehicles in 2021, rising 3.4% and 3.8% respectively from a year earlier, and recorded their first annual increases since 2017, China Association of Automobile Manufacturers (CAAM) disclosed on Wednesday. The overall sales in December had a 1.6% fall year-over-year (YoY), but sales of new energy vehicles (NEVs), a key drive for the whole industry’s sales including battery electric vehicles (BEVs), hybrid electric vehicles (HEVs) and other non-fossil fuel-powered vehicles, more than doubled to an annual record of 531,000 units, according to CAAM.

Annual NEV Sales and Growth from 2013 to 2021

Annual NEV Sales and Growth from 2013 to 2021

As one of bright points in the sector, NEV saw a penetration rate of 19.1% last month and the new energy passenger cars’ even reached higher penetration to 20.6%. There were 3.521 million NEVs sold in the year 2021 in China, nearly 1.6 times more than the previous year, and suggested a seven-year reign at the top of the world’s NEV sector with a market share of 13.4% in the country, well above 2020’s share 5.4%.

Prior to CAAM’s disclosure, another China’s industry body released the sales of passenger cars on Tuesday and reflected the same trend. The sales in December decreased 7.9% to 2.105 million units from a year ago and 20.146 million cars were sold in the whole year of 2021, representing a 4.4% YoY growth and the end of a three-year decline, according to China Passenger Car Association (CPCA).

CPCA’s data showed sales of NEV had YoY increases of 128.9% and 169.1% in last month and the year respectively, and the monthly sales of 475,000 vehicles made the annual sales increased to almost 3 million, accounting for about 30% of the yearly sales. CPCA noted Tesla China that month had a robust growth of 196.6% in sales which topped 70,000 units. Such monthly sales result made the U.S. maker’s China unit delivered more than 484,000 EVs for the year, suggesting about 52% of annual delivery for the year made in Shanghai Gigafactory. The association also expected the domestic auto market would turn into a big play ground for NEVs this year.

本文系作者若离授权钛媒体发表,并经钛媒体编辑,转载请注明出处、作者和本文链接
本文观点仅代表作者本人,钛媒体平台仅对用户提供信息及决策参考,本文不构成投资建议。
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

”支持原创,赞赏一下“
钛粉30326 钛ae5u70 满级钛宝16422180875 马洋928 钛小超16395556011 钛粉25713
514人已赞赏 >
514换成打赏总人数514人赞赏钛媒体文章
关闭弹窗

挺钛度,加点码!

  • ¥ 5
  • ¥ 10
  • ¥ 20
  • ¥ 50
  • ¥ 100

支付方式

确认支付
关闭弹窗

支付

支付金额:¥6

关闭弹窗
sussess

赞赏金额:¥ 6

赞赏时间:2020.02.11 17:32

关闭弹窗 关闭弹窗

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。