On February 18, according to the official website of the China Association of Automobile Manufacturers, in January 2022, the automobile production and sales situation was generally stable, with a decline from the previous month and a slight increase year-on-year. In January, new energy vehicles continued the trend of rapid development last year, and the scale of production and sales was much higher than that of the same period last year; production and sales were 452,000 units and 431,000 units, respectively, an increase of 1.3 times and 1.4 times year-on-year, and the market share of new energy vehicles reached 17%, and the market share of new energy passenger vehicles reached 19.2%.
According to the China Automobile Association, the domestic automobile market production and sales in January this year reached 2.422 million units and 2.531 million units, down 16.7% and 9.2% respectively month-on-month, and up 1.4% and 0.9% year-on-year, respectively.
From the perspective of subdivision models, supported by the continued slight improvement in chip supply, superimposed on the introduction of policies to encourage automobile consumption in some places, passenger cars performed better than the overall level, and production and sales continued to grow steadily year-on-year. Commercial vehicle production and sales continued the downward trend month-on-month and year-on-year, and the year-on-year decline was more significant.
The data shows that the year-on-year growth rate of passenger car production and sales is higher than that of automobiles. In January 2022, production and sales of passenger cars totaled 2.077 million units and 2.186 million units, down 17.8% and 9.7% respectively month-on-month, and up 8.7% and 6.7% year-on-year, respectively, providing strong support for the stable development of the automotive market.
It is worth noting that in January, the production and sales of new energy vehicles declined month-on-month, and continued to maintain rapid growth year-on-year, reaching 452,000 units and 431,000 units, respectively, down 12.6% and 18.6% month-on-month, and 1.3 times and 1.4 times year-on-year.
Although the sales volume of new energy vehicles in January did not refresh the record, it still continued the trend of rapid development last year, and the scale of production and sales was much higher than that of the same period last year.
Specifically, the production and sales of pure electric vehicles reached 367,000 units and 346,000 units, respectively, an increase of 1.2 times year-on-year; the production and sales of plug-in hybrid vehicles were 85,000 units, an increase of 2.0 times year-on-year; and the production and sales of fuel cell vehicles were 142 and 192 units, respectively, an increase of 3.9 times and 2.0 times, respectively.
From the perspective of market share, the market share of new energy vehicles reached 17% in January, and the market share of new energy passenger vehicles reached 19.2%, which continued to be higher than the level of last year. By model, the production and sales of pure electric vehicles reached 367,000 and 3.46 million units, respectively, an increase of 1.2 times year-on-year; the production and sales of plug-in hybrid vehicles were 85,000 units, an increase of 2.0 times year-on-year; and the production and sales of fuel cell vehicles were 142 and 192 units, respectively, an increase of 3.9 times and 2.0 times year-on-year, respectively.
The data shows that in January 2022, the growth momentum of automobile exports was rapid. Automobile companies exported 231,000 units, up 3.8% month-on-month and 87.7% year-on-year. This month, automobile exports continued to continue to develop well, and the number of monthly exports was at a new level in history.
In terms of exports, the performance of new energy exports is still outstanding, and it has maintained rapid growth year-on-year. In January 2022, the export volume of new energy vehicles was 56,000 units, an increase of 542.6% year-on-year, and the growth contribution was 43.7%.
The China Automobile Association pointed out that looking forward to the first quarter, the development of the automobile market will be affected by both positive and negative aspects, of which positive factors include three points: first, local governments will actively introduce relevant policies to stabilize and stabilize the market to support the relative stability of market demand; second, the problem of insufficient supply of chips in the automotive industry is expected to continue to ease; third, some passenger car companies have better market expectations for 2022, and have set higher annual production targets, which will also play a certain supporting role in production and sales in the first quarter.
Unfavorable factors also include three points: first, the shortage of chips in the first quarter still exists, and the industry in the first quarter of 2021 is not greatly affected by chips, and the base is high; second, the domestic scattered epidemic has also increased the risk of the industrial chain and supply chain; third, the current policy dividend of commercial vehicles has been basically exhausted, and the demand for the superimposed transportation market is insufficient, and the freight rate is low, so commercial vehicles will be in an adjustment period in the future.
Source China Association of Automobile Manufacturers website
Edited by Yiyi Wu
Editor-in-charge Li Gengguang
Executive Producer Wang Bo
Proofreading Yu Fanghua
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