China Shandong Network - Perception Shandong, March 23 (Reporter Xu Bin) From January to February 2022, the production and sales of the automotive industry remained stable, continuing to grow year-on-year, and showing a 10% increase over the same period in 2019. At the same time, the production and sales of new energy vehicles continued to maintain rapid growth, and the market penetration rate reached 17.9% from January to February.
In February 2022, production and sales of automobiles reached 1.813 million units and 1.737 million units, down 25.2% and 31.4% sequentially and 20.6% and 18.7% year-on-year.
From January to February 2022, vehicle production and sales totaled 4.235 million units and 4.268 million units, up 8.8% and 7.5% year-on-year.
In February, production and sales of passenger cars totaled 1.534 million units and 1.487 million units, down 26.1% and 32.0% sequentially and 32.0% y/y.
In the January-February 2022 period, production and sales of passenger cars totaled 3.612 million units and 3.674 million units, up 17.6% and 14.4% year-on-year.
In February, commercial vehicle production and sales totaled 279,000 units, down 19.2% and 27.4% sequentially and 18.3% and 16.6% y/y.
From January to February 2022, commercial vehicle production and sales totaled 624,000 units and 594,000 units, down 24.0% and 21.7% year-on-year.
In February, the production and sales of new energy vehicles declined month-on-month, and continued to maintain rapid growth year-on-year. Production and sales totaled 368,000 units and 334,000 units, down 18.6% and 22.7% sequentially, up 2.0 times and 1.8 times year-on-year.
From January to February 2022, production and sales of new energy vehicles were 820,000 units and 765,000 units, up 1.6 times and 1.5 times year-on-year.
In February, 180,000 vehicles were exported, up 60.8% year-on-year. By model, passenger car exports were 146,000 units, up 72.3% year-on-year; Commercial vehicle exports totaled 34,000 units, up 25.4% year-on-year. Exports of new energy vehicles totaled 48,000 units, up 2.7 times year-on-year.
From January to February 2022, 412,000 vehicles were exported, up 75.0% year-on-year.
In summary, the production and sales of passenger cars have declined month-on-month, maintaining rapid growth year-on-year; Commercial vehicle production and sales showed a decline both month-on-month and year-on-year, and the performance remained sluggish; The overall performance of new energy vehicles is still outstanding, with a decline from the previous month and a high-speed growth rate year-on-year. In addition, although automobile exports this month also showed a certain decline compared with the previous month, they still maintained a growth momentum year-on-year.