On January 12, the China Automobile Association released the production and sales data for December 2021 and the whole year, officially ending the "three consecutive declines" of the Chinese auto market.
In December 2021, production and sales of automobiles increased by 12.5% and 10.5% sequentially, up 2.4% and 1.6% year-on-year, respectively, to 2.907 million units and 2.786 million units, respectively. For the full year of 2021, automobile production and sales were 26.082 million units and 26.275 million units, respectively, up 3.4% and 3.8% year-on-year, ending a three-year downward trend since 2018. Under the influence of unfavorable factors such as "lack of core", it is not easy for China's auto market as a whole to achieve growth.
While the overall automobile market has increased slightly, the total output value of the automobile industry has also been improved, the new energy vehicle market has also achieved substantial growth, and the share of independent brands has continued to increase. Caambiz china automobile association predicts that with the easing of chip supply problems, the future trend of the automobile industry will be good, and 2022 will grow further than 2021, of course, opportunities and challenges coexist.
1
Production and sales of new energy vehicles exceeded 3.5 million units, with a penetration rate of 13.4%
In 2021, the new energy vehicle sector will become the hottest market segment. Production and sales of new energy vehicles in the whole year reached 3.545 million units and 3.521 million units, respectively, an increase of 1.6 times year-on-year. Whether it is a pure electric model or a plug-in hybrid model, production and sales have shown a high-speed growth momentum. Moreover, the development of the new energy vehicle market has shifted from policy-driven to market-driven new development stages, showing a development situation in which the market scale and development quality are both improved.
At the same time, the China Electric Vehicle Charging Infrastructure Promotion Alliance also released the operation of electric vehicle charging and replacing infrastructure in 2021, while the cumulative sales of new energy vehicles in 2021 were 3.521 million units, the increase in charging infrastructure in 2021 was 936,000 units, and the incremental ratio of pile vehicles was 1: 3.7.
The China Electric Vehicle Charging Infrastructure Promotion Alliance expects that in 2022, 1.9 million new charging piles will be added to the vehicle (3.37 million units), while 543,000 new public charging piles (1.69 million units) and 25,000 new public charging stations (100,000 units).
It can be seen that while the new energy vehicle market is growing rapidly, the construction of charging infrastructure is also growing at the same time. Although the new energy vehicle market will be affected by a 30% subsidy decline in 2022 (compared with 2021), there is no need to worry. Shi Jianhua, deputy secretary-general of the China Association of Automobile Manufacturers, said in an interview with Yipin Automobile: "Even if the subsidy is cancelled, it will not have much impact on the new energy vehicle market, many car companies have quite mature technical reserves in the field of new energy, they have made major technological progress in terms of mileage improvement, battery stability guarantee, etc., and under the double integration policy, enterprises can also get a 'scholarship' after achieving achievements in the field of new energy." ”
2
Chinese brand passenger car market share 46.9%
While the passenger car market as a whole is growing, the share of Chinese brand passenger cars continues to increase. In 2021, passenger cars sold a total of 21.482 million units, up 6.5% year-on-year, also ending a three-year downward trend since 2018.
In December 2021, Chinese brand passenger cars sold a total of 1.137 million units, up 11.2% month-on-month and 10% year-on-year, accounting for 46.9% of total passenger car sales, an increase of 3.4% year-on-year. In the whole year of 2021, a total of 9.543 million Chinese brand passenger cars were sold, an increase of 23.1% year-on-year, accounting for 44.4% of the total passenger car sales, and the share increased by 6 percentage points over the same period last year.
Fu Bingfeng, secretary general of the China Automobile Association, said: The increase in the market share of Chinese brand passenger cars mainly focuses on their first-mover advantages in electrification and intelligence, but the advantage period is not long, and joint venture brands and luxury brands have also accelerated the electrification and intelligent layout.
3
The revenue growth rate of key enterprises is not as fast as sales volume, and the concentration is declining
In terms of economic benefits, the total industrial output value, operating income, and total profits and taxes of key domestic automobile enterprise groups have achieved growth (data from January to November 2021), but the growth rate is only 1.7%. This means that revenue is growing less fast than overall sales growth (4.5% in January-November).
Caamotica of Automobile Manufacturers expects that in 2022, with the continuous stabilization of economic operation, the demand for the automobile market will also remain stable, accompanied by insufficient supply of chips on the supply side, high raw material prices and other issues in 2022 gradually improved, it is expected that the automobile market will continue to show a stable and good development trend in 2022, and the annual production and sales performance will be good in 2021.
It is worth mentioning that in 2021, the top ten companies in automobile sales sold a total of 22.621 million vehicles, accounting for 86.1% of total automobile sales, 1.8 percentage points lower than the same period last year. At present, there are many car companies in the chinese auto market that are still in a state of survival, and the future does not rule out the birth of new car companies, which shows that although the car market as a whole is good in 2022, mergers and acquisitions between car companies will still occur, and the competition in the car market is still fierce.