Lead
In the past March, the epidemic has caused an increase in economic environmental difficulties.
The shortage of chips and the high price of raw materials for power batteries have pushed up the cost of new energy vehicles.
The kinetic energy of automobile consumption is obviously insufficient.
In recent days, the domestic epidemic has recently occurred, the difficulties of market players have increased significantly, the smooth economic cycle has encountered some constraints, and the new downward pressure has further increased. From the perspective of automobile supply, the shortage of chips has not been significantly alleviated, the price of raw materials for power batteries has risen rapidly, further pushing up the manufacturing costs of enterprise products, the production and operation activities of automobile companies have been affected to a certain extent, and the overall situation is less than expected; from the perspective of automobile consumption, the consumption momentum is obviously insufficient, and compared with the same period, it shows a certain decline.
Looking back at the first quarter, automobile production and sales increased slightly year-on-year, and the growth rate dropped significantly from the same period last year. From the perspective of subdivision models, the growth rate of passenger car production and sales is higher than that of the industry as a whole; the production and sales of commercial vehicles are still declining rapidly year-on-year; the production and sales of new energy vehicles continue to grow rapidly, with both exceeding one million vehicles, and the market share has reached 19.3%, and the strategic leading role of new energy vehicles has been further highlighted.
Looking forward to the situation throughout the year, affected by the macro-economy, the development of the automotive industry is facing the triple pressure of demand contraction, supply shock and weak expectations, and the task of stabilizing growth is very arduous. Local governments should refine the national policies and measures on steady growth as soon as possible, and enterprises should continue to actively take effective countermeasures, and we also recommend that government departments introduce policies and measures to promote automobile consumption, including the effective purchase tax halving policy in the past.
Automobile production and sales decreased year-on-year
In March, production and sales of automobiles totaled 2.241 million units, up 23.4% and 28.4% month-on-month, and down 9.1% and 11.7% year-on-year, respectively. From January to March, production and sales totaled 6.484 million units, up 2.0% y/y, and sales totaled 6.509 million units, up 2.0% y/y.
Production and sales of passenger cars decreased slightly year-on-year
In March, production and sales of passenger cars totaled 1.881 million units, up 22.4% and 25.1% month-on-month, down 0.1% and 0.6% year-on-year, respectively, from increase to decrease compared to the previous month.
From the specific data point of view: the production and sales of cars and cross-type passenger cars increased year-on-year, of which the production and sales of cross-type passenger cars increased most prominently year-on-year, increasing by 39.4% and 34.1% respectively; SUV and MPV production and sales fell year-on-year. From January to March, production and sales of passenger cars totaled 5.499 million units, up 11.0% y/y, and sales totaled 5.545 million units, up 9.0% y/y.
New energy vehicles year-on-year
Continue to maintain rapid growth
In March, production and sales of new energy vehicles totaled 465,000 units and 484,000 units, up 1.1 times year-on-year. Among them, the production and sales of pure electric vehicles reached 376,000 units and 396,000 units, respectively, an increase of 1.1 times year-on-year; the production and sales of plug-in hybrid vehicles were 89,000 units and 88,000 units, up 1.6 times and 1.4 times year-on-year, respectively; and the production and sales of fuel cell vehicles were 500 units and 367 units, respectively, an increase of 10.1 times and 5.2 times year-on-year, respectively.
From January to March, production and sales of new energy vehicles totaled 1.293 million units and 1.257 million units, up 1.4 times year-on-year. Among them, the production and sales of pure electric vehicles reached 1.036 million units and 1.007 million units, respectively, an increase of 1.3 times year-on-year; the production and sales of plug-in hybrid vehicles were 256,000 units and 249,000 units, up 2.3 times and 2.0 times year-on-year, respectively; the production and sales of fuel cell vehicles were 856 units and 738 units, up 7.2 times and 3.9 times year-on-year, respectively.