Tramway News: On February 14, the Association released an analysis of the national passenger car market in January 2022. According to data from the Association, wholesale sales of new energy passenger vehicles reached 412,000 units in January, up 141.4% year-on-year and 18.5% month-on-month, consistent with the characteristics of January 2021. Retail sales of new energy passenger cars reached 347,000 units in January, up 132.0% year-on-year and down 27.0% month-on-month, in line with the 25% decline in January 2021.
The trend of new energy vehicles and traditional fuel vehicles before the Spring Festival has formed a synchronous and stronger feature, and the demand for first-time entry-level consumption and traditional car replacement before the Spring Festival is strong, coupled with the strong growth of new energy vehicles, which promotes the overall growth of retail sales in the passenger car market.
In the new energy market, due to the impact of centralized delivery at the end of last year, sales in early January were weak, but there was a significant recovery in the second and third weeks. Overall, although there are still sporadic local cases of the epidemic in China, especially in megacities with main sales of new energy such as Beijing, Tianjin, Hangzhou and Shenzhen, the relatively mild epidemic prevention measures have no obvious impact on residents' travel and car purchase consumption.
Wholesale volume: The wholesale penetration rate of new energy vehicle manufacturers in January was 19.0%, an increase of more than 10 percentage points compared with the penetration rate of 8.4% in January 2021. In January, the penetration rate of new energy vehicles of independent brands was 32.0%, and the penetration rate of new energy vehicles in luxury vehicles was 22.9%, while the penetration rate of new energy vehicles of mainstream joint venture brands was only 2.7%. In January, the wholesale sales of pure electric vehicles increased by 130.4% year-on-year to 333,000 units, and the sales of plug-in hybrids were 79,000 units, an increase of 202.1% year-on-year. In January, the sales of high-end electric vehicle models increased strongly, and the trend of low-end electric vehicles was also strong, and the dumbbell structure of the pure electric market improved, of which A00-class wholesale sales of 105,000 vehicles, accounting for 32% of pure electric vehicles; A0-class wholesale sales of 51,000, accounting for 15% of pure electric vehicles; A-class electric vehicles accounted for 22% of pure electric vehicles; B-class electric vehicles reached 101,000 units, down 14% month-on-month, accounting for 30% of pure electric shares.
Retail volume: The domestic retail penetration rate of new energy vehicles in January was 16.6%, an increase of 10 percentage points from the penetration rate of 6.8% in January 2021. In January, the penetration rate of new energy vehicles in independent brands was 31.4%, and the penetration rate of new energy vehicles in luxury vehicles was 10.2%, while the penetration rate of new energy vehicles in mainstream joint venture brands was only 2.5%.
Export volume: In January, the export of new energy vehicles was 52,000 units, maintaining strong growth, Tesla China exported 40,499 vehicles, SAIC passenger car new energy exports 4814 vehicles, Dongfeng EasyJet exported 4267 vehicles, Geely Automobile 444 vehicles, Great Wall Motor 408 vehicles, SAIC Maxus 406 vehicles, BYD 313 vehicles, other car companies new energy vehicles mainly in the domestic market.
Sales of new energy vehicle companies: In January, the new energy passenger car market diversified, ANDD's pure electric and plug-and-mix dual drives consolidated the leading position of its own brand new energy; the traditional car companies represented by SCO Group and GAC Group performed relatively prominently in the new energy sector. There are 11 enterprises with wholesale sales exceeding 10,000 vehicles, a significant increase of 6 over the same period, including: BYD 93,101, Tesla China 59,845, SAIC-GM-Wuling 40,007, Chery Automobile 21,179, Geely Automobile 17,036, GAC Aian 16,031, SAIC Passenger Car 14,414, Great Wall Motor 13,781, Xiaopeng Automobile 12,922, Ideal Car 12,268, and Nezha Car 11,009.
Sales of new forces: In January, the sales volume of new forces such as Xiaopeng, Ideal, Weilai, Nezha, Zero Run, and Weima was generally better than that of Xiaopeng, Ideal, and Nezha, especially Xiaopeng, Ideal, and Nezha, and the second echelon companies such as Zero Run also quickly reached more than 5,000 monthly sales. Among the mainstream joint venture brands, 13,661 new energy vehicles were wholesaled by North and South Volkswagen, accounting for 59% of the mainstream joint venture, and Volkswagen's firm electrification transformation strategy has achieved initial results. SAIC-GM's sales of 4249 units are also excellent, and other joint ventures and luxury brands are still waiting to be strengthened.
General hybrid sales: The wholesale number of ordinary hybrid passenger cars in January was 67,000 units, up 58% year-on-year and down 20% month-on-month. Among them, Toyota has 38741 vehicles, Honda 18516 vehicles, Dongfeng Nissan 5424 vehicles, and Great Wall Motor has 1890 vehicles, and hybrid has gradually become a new hot spot.