The association expects the retail sales of automobiles to reach 20.09 million in 2021| the daily review of the first financial automobile

The association expects to sell 20.09 million vehicles in the whole year

According to a report recently released by the Association of Passenger Vehicles, retail sales of narrow passenger cars in December are expected to be 2.05 million units, down 10.4% year-on-year. As a result, the estimated retail sales volume for the full year of 2021 is 20.09 million units, an increase of 4.1% year-on-year. According to the Association, the above data is based on the preliminary calculation of the results of the December retail target survey.

Yicai comments: Since the beginning of this year, because of the shortage of chips, the supply of automobiles has been greatly affected. Especially since the second half of the year, automobile production has declined seriously. Although the lack of cores in November eased, the improvement on the supply side was relatively limited in December due to the impact of the epidemic in various places. The association pointed out that more than 80% of the overall market in December still had double-digit negative year-on-year growth, while the average daily retail sales of major manufacturers in the first three weeks of December were -17%, -7% and -8% year-on-year, respectively, a cumulative year-on-year decline of 10%, and the fourth week of the market began to gradually recover is expected to be about -8% year-on-year.

Geely released RayTheos intelligence hybrid technology

On December 24, Geely Automobile officially released the Leishen Zhiqing HiX hybrid technology, which consists of a fuel engine and the latest three-speed DHT Pro electric motor. The first Hoshikoshi L RayTheosophical Engine HiX Hybrid SUV equipped with this technology has a fuel consumption of as low as 3.6L per 100 kilometers, a thermal efficiency of up to 43.32%, and a measured comprehensive cruising range of up to 1300 kilometers. The car will be pre-sold online on December 25, with a limited edition of 2022 units. In addition, Geely Automobile opened a new Raytheon Power DHT smart micron factory for the first time, with an annual output of 300,000 transmissions in the first phase, with an automation level of more than 70%.

Yicai comments: Since the beginning of this year, a number of independent car companies have released hybrid technology strategies. A research report recently released by Western Securities shows that under the resonance of policies such as "double carbon" and double integration, automobile energy conservation and emission reduction are no longer only focused on pure electric routes, but multi-technology solutions, plug-in hybrids, oil-electric hybrids and fuel cell vehicles will gain greater room for development. In the long run, pure electric vehicles and fuel cell vehicles are the ultimate solution to zero emissions, but in the medium term, hydrogen fuel cells are limited by hydrogen production, hydrogen storage, hydrogen transportation, pure electric vehicles are limited by problems such as mileage and charging time, and hybrid vehicles are currently the preferred solution to achieve energy conservation and emission reduction, while taking into account technological development and economic benefits. In the field of hybrids, Japanese and Korean cars are at the forefront. The technical research and development threshold of hybrid vehicles is high, and it is necessary to take into account fuel economy, power response, manufacturing costs and other factors. In recent years, independent brands have made certain breakthroughs in the field of core technologies, especially in the field of new energy. Geely is the head company of its own brand, but the competition it faces in the hybrid field is still fierce, including competition from Japanese and Korean car companies, BYD and Great Wall Motors.

GAC Group plans to increase production and sales by 15% year-on-year next year

GAC Group held the 8th meeting of the sixth board of directors on December 23 to summarize the completion of operations in 2021. In 2021, GAC Group expects to produce and sell approximately 2.098 million units and 2.113 million units for the full year, up approximately 3.1% and 3.4% year-on-year, respectively. In 2022, the group is challenging its target of 15% year-on-year growth in vehicle production and sales.

Yicai comment: This year, the entire automobile industry continued to be affected by multiple unfavorable factors such as chip shortages, unstable supply chains, and rising raw material prices, GAC Group shouldered the pressure and is expected to achieve positive year-on-year growth in production and sales throughout the year, which is not easy. With chip shortages easing and new cars rolling out intensively, GAC Group will challenge its 15 percent growth target next year.