How China’s new energy vehicle market will be in 2022？

The sales volume of new energy vehicles in China has a good growth momentum, the product structure of the pure electric market is continuously optimized, and the plug-in market share is also on the trend to further expand.Based on this, Gaishi Automobile has studied the domestic new energy vehicle market from January to September 2022, and made some prospects for the future development trend, for the reference of relevant people.

 The development of China’s new energy industry has caused a certain pressure, but it also objectively promotes the substitution of domestic automotive chips in China.Power battery raw material prices keep a high range of rising, in the short to medium term to see limited room for decline.Raw material price rise to the terminal vehicle price, resulting in A00/A0 pure electric model advantage weakened, delay “waiting” consumers to buy;A-class plug-in hybrid models compared with pure electric models, the cost performance advantage is further highlighted;B-class and C-class models rely on high-tech configurations to attract consumers.

 The new-energy vehicle market maintained explosive growth from January to September 2022, with a penetration rate of 26 percent.The product mix of pure electric vehicles was optimized;The overall market share of hybrid models has an expanding trend.From the perspective of the penetration rate of new energy in the market segments, the A00 market is dominated by new energy models, and the A and B markets have large room for sales growth of new energy models.From the perspective of sales city types, the share of non-restricted cities has increased, and the market share of new energy vehicles in second-tier to fifth-tier cities has increased significantly, indicating that the new energy vehicle market is further sinking, consumers’ acceptance of new energy products is further improving, and the penetration of the market area is significantly enhanced.

 From the perspective of the domestic market competition pattern, the traditional autonomous vehicle enterprise camp occupies the leading position in the domestic new energy vehicle market, the domestic new power camp is growing fast, and the traditional foreign investment camp is in a weak position.With the large-scale production of hybrid models by traditional autonomous vehicle enterprises, the integration of the three electric supply chain to improve their competitiveness, the future is expected to continue to maintain a high composite sales growth trend;The domestic new forces are in fierce competition, and the sales rank is constantly changing, so the competitive pattern has not yet formed.The new BEV models built by traditional foreign investment have not gained a strong response in the domestic market, and the brand power of fuel vehicles is difficult to copy the new energy models, and the future incremental space is limited.

 It is estimated that the penetration rate of new energy in the domestic passenger car market will reach 46% in 2025 and 54% in 2029.In the future, the skateboard chassis will get application opportunities, the semi-solid battery will enter mass production, more players will join in the power change mode, and the mainstream car enterprises will adhere to the development strategy of vertical integration of the three power supply.

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