CAAM: The new energy vehicle market has shifted from policy-driven to market-driven

China Automobile Association December 13 news, according to the China Association of Automobile Manufacturers statistical analysis, in November 2021, automobile production and sales continued to decline year-on-year, although the downward pressure is greater, but the industry is still not lacking in bright spots. First, the market demand for new energy vehicles is still strong, production and sales continue to reach a new high, the cumulative output has exceeded 3 million, sales are close to 3 million, the cumulative sales penetration rate from January to November increased to 12.7%, at present, consumer acceptance of new energy vehicles is getting higher and higher, the new energy vehicle market has shifted from policy-driven to market-driven; second, this month's automobile exports also continued to maintain rapid growth year-on-year; third, the share of Chinese brand passenger cars has maintained growth for 8 consecutive months year-on-year.

Source: China Securities Network

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