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CICC: It is expected that the sales of new energy vehicles will reach 5 million units in 2022

Webmaster's House (ChinaZ.com) December 24 news: CICC issued a research report pointing out that the total sales volume of cars in 2021/2022 is expected to be 25.62/27.22 million units, respectively, an increase of 4.2%/6.2% year-on-year.

Looking forward to 2022, it is expected that the wholesale production of passenger cars will continue to maintain a high growth, and the wholesale sales of passenger cars are expected to reach 22.76 million units, an increase of 8.1% year-on-year, of which new energy sales will reach 5 million units, and the penetration rate of new energy will reach 22.0%, and commercial vehicle sales are expected to be 4.46 million units, a decrease of 2.2% year-on-year. Domestic electric bicycle sales are expected to reach 54 million units in 2022, an increase of 14.9% year-on-year.

CICC said that the core growth momentum of new energy has switched from "early adopter" to "popularization". Since 2021, the sales volume and penetration rate of new energy vehicles in China have accelerated, and we believe that the main reason is that the market driving force has shifted from policy and subsidy-driven to supply-side improvement to stimulate the release of the C-end market. The scissors gap between non-restricted and restricted cities continues to expand, and the new energy penetration rate of first-tier cities has stabilized at 20%, and the new energy penetration rate of second-tier cities and below has also continued to increase.

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