According to the latest data released by the Passenger Car Federation, China's new passenger car sales in 2021 will be 20.5 million units, an increase of 4.5% year-on-year, which is the first time since 2018 that China's auto market has achieved positive growth, of which electric vehicles have played an important role.
Due to the strong demand for electric vehicles to replace fuel vehicles, China's new energy model sales increased by nearly 170% in 2021 to about 3 million, of which pure electric vehicles dominated the mainstream.
The HKCC expects demand for electric vehicles to expand further, with sales expected to reach 5.5 million units in 2022. This is undoubtedly good news for electric vehicle manufacturers, the biggest beneficiary is Tesla, since the realization of domestic production in Shanghai, Tesla sales have been rising.
Similarly, automakers that have failed to take a leading position in China's electric vehicle market are at a disadvantage. For example, Volkswagen Group, in 2021, Volkswagen's sales in China were only 3.3 million, down 14% year-on-year, and electric vehicle sales did not meet the expected target.
Volkswagen Group said that chip shortages and supply chain problems are the main reasons affecting sales in China, and this year, as the situation improves, Volkswagen Group is expected to increase sales in China by 15%, that is, about 500,000 vehicles.
At present, foreign brands lag behind Chinese brands in terms of both the ability to control the supply chain and the attractiveness of new cars to the market, and this trend is becoming more and more obvious with the popularity of smart electric vehicles.
Bill Russo, head of Automobility, a Shanghai-based auto consulting firm, said, "In this race, you can hardly see Volkswagen, Toyota, General Motors, and foreign brands are far behind in China's smart electric vehicle race." ”
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