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Recently, the China Association of Automobile Manufacturers (hereinafter referred to as the China Association of Automobile Manufacturers) released China's automobile production and sales data in 2020.
The annual production and sales completed 25.
225 million and 25.
311 million vehicles respectively, down 2% and 1.
9% year-on-year, respectively, and the decline was narrowed compared with the previous year.
5.
5 and 6.
3 percentage points
.
The China Automobile Association pointed out that from the perspective of market segments, the production and sales of passenger vehicles were 19.
994 million and 20.
178 million, down 65% and 6% year-on-year, respectively, and the decline was 2.
7 and 3.
6 percentage points lower than the previous year.
The proportion of automobile production and sales in automobile production and sales reached 79.
3% and 79.
7%, which were 3.
7 and 3.
5 percentage points lower than the proportion of production and sales in the previous year, respectively
.
In terms of commercial vehicles, driven by factors such as the phase-out of National III vehicles, the tightening of overrun control and infrastructure investment, the production and sales of commercial vehicles have shown substantial growth throughout the year
.
In terms of new energy vehicles, the annual production and sales completed 1.
366 million and 1.
367 million respectively, an increase of 7.
5% and 10.
9% year-on-year respectively, and the growth rate turned from negative to positive compared with the previous year
.
China Automobile Association predicts that from the perspective of the development trend of the automobile industry, with the steady recovery of the national economy, consumer demand will recover faster, and the overall potential of the Chinese auto market is still huge, so it is judged that 2020 may be the peak and bottom of the Chinese auto market.
In 2021, a positive recovery will be achieved in 2021.
Among them, car sales are expected to exceed 26 million units, a year-on-year increase of 4%; new energy vehicles are expected to reach 1.
8 million units, a year-on-year increase of 40%
.
