The car market peak season resumes, did new energy vehicles account for nearly 30%?

Just this past September, China’s auto market continued to maintain rapid growth momentum.

The China Association of Automobile Manufacturers (referred to: CAAM) recently released data show that in September, China’s auto production and sales were 2.672 million and 2.61 million units, up 11.5% and 9.5% respectively, and 28.1% and 25.7%, respectively.

For the overall performance of the car market in the first three quarters of this year, the CCA Deputy Secretary General Chen Shihua said: “In the third quarter, with the release of the purchase tax-related policies, as well as the intensive introduction of local government promotion fee policy, car production and sales in a single month of rapid growth, the overall trend of ‘off-season is not off, the peak season reappears’.

Passenger cars: independent market share first reached 50% this year, the passenger car market as a whole to maintain a high growth rate, of which, the performance of independent brand passenger cars better than the overall situation of the car market. Data show that in September, passenger car production and sales were 2.409 million units and 2.332 million units, an increase of 35.8% and 32.7% year-on-year, an increase of 11.7% and 9.7%; January to September, passenger car production and sales were 17.206 million units and 16.986 million units, an increase of 17.2% and 14.2%.

From January to September, the cumulative sales of passenger cars of independent brands reached 8.163 million units, up 26.6% year-on-year, with a market share of 48.1%. From January to September, the total sales of autonomous brand passenger cars were 8.163 million units, up 26.6% year-on-year, with a market share of 48.1% and a 4.7% increase in share over the same period last year. Once upon a time, the market share of independent car brands declined due to factors such as the overall market entering negative growth and increased structural consumer squeeze. Data show that as of October 2019, the independent brand passenger cars have been negative growth for 16 consecutive months, and the share of independent brands in 2019 and 2020 is less than 40%. It is only in 2021 that the market share of autonomous brand passenger cars gradually rises to 44%. This further indicates that independent brands have dominated in terms of market share.

Talking about the reasons for the rapid growth of autonomous brand passenger cars, Chen Shihua believes that this is inseparable from the good performance of autonomous brands in the field of new energy vehicles.

New energy: monthly sales exceeded 700,000 units for the first time currently, China’s new energy vehicle market growth rate continues to be higher than the general market. Among them, in September, new energy vehicle production and sales hit a new record high. Data show that in September, China’s new energy vehicle production and sales were 755,000 units and 708,000 units, an increase of 1.1 times and 93.9% respectively, with a market share of 27.1%; from January to September, China’s new energy vehicle production and sales were 4.717 million units and 4.567 million units, an increase of 1.2 times and 1.1 times respectively, with a market share of 23.5%. The rise in sales of new energy vehicles is also directly reflected in the sales performance of enterprises, compared with the same period of the previous year, the vast majority of enterprises show varying degrees of growth.

The reason for the current high growth of new energy vehicles, traditional car companies continue to launch new models to enrich the product matrix and provide consumers with more choices, which is an important guarantee for the growth of new energy vehicles. At the same time, September by the policy or preferential promotion activities, coupled with the mainstream car production continued to pull up, so that the new energy vehicle market is red hot situation.

Dongfeng Liuzhou Motor Co., Ltd, as one of the national large scale enterprises, is an auto limited company built by Liuzhou Industrial Holdings Corporation and Dongfeng Auto Corporation.It covers an area of 2.13 million square meters and has developed the commercial vehicle brand “Dongfeng Chenglong” and the passenger vehicle brand “Dongfeng Forthing” with nearly 5,000 employees currently, Its marketing andservice network is throughout the whole country, and the products have been exported to many countries in Southeast Asia, the Middle East, South America and Africa.

In the course of 60 years of vehicle producing and people educating, adhering to the enterprise spirit of “self strengthening, creating excellence and innovation, having one heart and one mind, serving for the nation and the people”, our fellow workers from generation to generation have worked hard and created a lot of “Number One” in the history of Chinese automobile industry by diligence and sweat: in 1981, the first medium-sized diesel truck in China was developed and produced; in 1991, the first flat head diesel truck got off line in China; in 2001, the first domestic self-owned brand MPV “Forthing Lingzhi” was produced, which established the company’s status as “MPV manufacturing expert”; in 2015, the first domestic high-end commercial vehicle “Chenglong H7″ was released to fill the gap in the high-end commercial vehicle market from self-owned brand.With the complete construction of the new base for passenger vehicles, Dongfeng Liuzhou Motor CO., LTD. has formed an annual production capacity of 200,000 commercial vehicles and 400,000 passenger vehicles.By the chances of our overseas marketing developing, we’re warmly welcome our potential partners from all over the world to visit us, we hope to achieve a long-run mutual cooperation and create a bright future together.

Web: https://www.forthingmotor.com/
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