CAAM: Forecasts 5 million new energy vehicle sales in China in 2022, up 47% year-on-year

Recently, according to the China Association of Automobile Manufacturers, China's total automobile sales in 2021 will be 26.1 million units, an increase of 3.1% year-on-year. Among them, passenger car sales were 21.3 million units, up 5.6% year-on-year; commercial vehicle sales were 4.8 million units, down 6.4% year-on-year; and new energy vehicle sales were 3.4 million units, up 1.5 times year-on-year. In 2022, China's total automobile sales were 27.5 million units, an increase of 5.4% year-on-year, of which passenger car sales were 23 million units, an increase of 8% year-on-year; commercial vehicle sales were 4.5 million units, down 6% year-on-year; and new energy vehicle sales were 5 million units, an increase of 47% year-on-year.

Talking about the development of China's auto market in 2022, Chen Shihua, deputy secretary-general of the China Automobile Association, believes that overall, China's auto market will maintain a moderate growth trend in the future. From the perspective of long-term development, the current Chinese market is still in the transition stage from the early stage of popularization to the late stage of popularization, and the sales of new cars have gradually shifted from the incremental market to the stock market. Throughout the "14th Five-Year Plan" period, factors such as macroeconomic recovery, improved economic conditions of middle- and low-income groups, and policy support at the national policy level will promote the good development of China's auto market. In 2025, China's auto market is expected to reach about 30 million vehicles. (The picture comes from the Internet, if there is infringement, please inform and delete)