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The first in 13 consecutive years! In this market, China accounts for nearly one-third of the world's share!

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The first in 13 consecutive years! In this market, China accounts for nearly one-third of the world's share!

In 2021, the global economy will gradually recover from the impact of the new crown epidemic, the production of industrial and consumer goods in various countries will gradually return to normal, and the heat of the automobile market will gradually pick up. Especially in the Chinese market, due to the strong ability to cope with the epidemic and the rapid economic recovery, since the second half of 2020, the Chinese auto market has gradually come out of the haze of the epidemic and shown a reversal trend. According to the data given earlier by the China Passenger Car Market Information Association (ACCCIS), China sold about 20.414 million new cars in 2021, an increase of 4.4% year-on-year.

The first in 13 consecutive years! In this market, China accounts for nearly one-third of the world's share!

△ According to the China Passenger Car Market Information Association (CIE), China sold about 20.414 million new cars in 2021, an increase of 4.4% year-on-year.

From a global perspective, China's share of the world's automobile market share in 2021 has approached 33%, and it has been ranked first for 13 consecutive years. Taking the new energy vehicle sector as an example, China's new energy vehicle sales lead the world, reaching 3.395 million units, accounting for 50% of the global new energy vehicle market. The European market will sell 2.26 million units in 2021, and the penetration rate will increase to 19.2%, ranking first in the world. Relatively speaking, the sales volume of new energy vehicles in the United States in 2021 is 670,000 units, and the penetration rate is only 4.3%, which is still low overall.

The first in 13 consecutive years! In this market, China accounts for nearly one-third of the world's share!

△ China's new energy vehicle sales lead the world, reaching 3.395 million units, accounting for 50% of the global new energy vehicle market.

On January 22 this year, the National Development and Reform Commission and other departments issued the Implementation Opinions on Further Improving the Service Guarantee Capacity of Electric Vehicle Charging Infrastructure, which clarified seven infrastructure construction planning goals such as accelerating the construction and installation of charging facilities in residential communities and improving the charging and replacement guarantee capacity in urban and rural areas, laying a solid foundation for the development of new energy vehicles from the policy level. With the rapid development of the new energy vehicle market in China and Europe, some multinational automobile companies that have carried out electrification and intelligent strategic layout in advance have seized good development opportunities. Volvo, for example, has achieved an electrified layout of all models in China, of which plug-in hybrid models have ranked among the top three in the luxury car market in terms of annual sales in 2021. According to Volvo's latest performance report, the company's full-year revenue in 2021 reached SEK 282 billion, or about 192.11 billion yuan. Operating profit increased to SEK 20.3 billion, or about RMB13.83 billion, a sharp increase of 138% year-on-year, with a profit margin of 7.2%, and the annual revenue and profit hit a record high.

The first in 13 consecutive years! In this market, China accounts for nearly one-third of the world's share!

△ Volvo, a luxury car brand, has realized the electrification of all models in China.

Undoubtedly, due to the effective control of the epidemic, the Chinese market is the fastest recovering market in the world, which also makes the Chinese market the main driving force for the recovery of global car companies, and China has become an extremely important market in the global car market.

Editor-in-Chief: Gao Bin

Editor: He Shengke Deqing Baizhen

Edited by: Dorjee Dolma

Source: CCTV Finance

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