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The overall sales of listed vehicle enterprises in November were lower than expected, and new energy vehicles maintained a rapid growth

Publish Date: 2022.12.07

上市车企11月整体销售低于预期 新能源汽车保持高速增长

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In December, a number of car enterprises successively released their "report cards" for November. Although the national car market was slightly lower than the previous industry expectation due to the repeated epidemic in many places in November, the sales of new energy vehicles still maintained a steady growth trend, showing a rapid growth year-on-year.

Sales volume of new energy vehicles increased significantly

On the evening of December 6, Dongfeng Motor announced that the sales volume of vehicles in November was 10163, down 22.05% year on year, including 2490 new energy vehicles, up 97.46% year on year.

Foton Motor also announced on the evening of December 6 that the total sales volume of automobile products in November was 28000, down 18.64% year on year, including 2385 new energy vehicles, up 255.44% year on year. The total sales volume of engine products in November was 15800, down 22.27% year on year.

From January to November, Foton Motor sold 424100 vehicles, down 30.77% year on year, including 18860 new energy vehicles, up 175.17% year on year.

The data released by Chery Holding on December 6 showed that in November this year, Chery Group sold 100500 vehicles, and the sales volume exceeded 100000 vehicles in a single month for the sixth consecutive month of the year; In the first 11 months of this year, the sales volume of automobiles reached 1.1272 million, up 32.6% year on year, the highest level in history. Among them, the cumulative export volume in the year was 406500, with a year-on-year growth of 70.9%.

BYD, the leader of new energy vehicles, has a strong overall production and sales. According to the November production and sales data released by BYD on December 2, in November 2022, BYD's new energy vehicle output will be about 230100 vehicles, with a year-on-year growth of about 1.5 times, and the sales volume will be about 230400 vehicles, with a year-on-year growth of about 1.53 times. The total vehicle output will be about 230100 vehicles, with a year-on-year growth of 1.31 times, and the sales volume will be about 230400 vehicles, with a year-on-year growth of about 1.34 times.

From January to November, BYD produced 1.6418 million new energy vehicles, a year-on-year increase of 218.74%, and the sales volume was 1.6283 million, a year-on-year increase of 219.38%. The total output of vehicles was 1.6465 million, a year-on-year increase of 153.20%, and the total sales volume was 1.6333 million, a year-on-year increase of 154.80%.

In terms of the "new second generation" of traditional car enterprises, the sales of Guangzhou Automobile Group's E'an in November was about 28800, an increase of 11% year on year. The cumulative sales from January to November 2022 were about 240000, an increase of 128% year on year. The goal of doubling the annual sales was achieved ahead of schedule. Geely's Geekrypton Intelligent Technology announced that 11011 Geekrypton 001 were delivered in November, an increase of 447.3% year on year, an increase of 8.8% month on month, and the monthly delivery continued to exceed 10000.

In addition, the "new force" of new energy vehicles, Nezha Automobile, Ideals, and Weilai also achieved high delivery growth in November. The specific situation is that Nezha delivered about 15100 cars, a year-on-year increase of 50.5%, and the ideal car delivered about 15000 new cars, setting a record for the highest delivery in a single month, a year-on-year increase of 11.5%. The delivery of new cars by Weilai also reached a new high, reaching about 14200 cars, a year-on-year increase of 30.3%. Xiaopeng's delivery performance also regained its momentum, with the delivery of 5811 cars that month, a month on month increase of 14%.

"New forces" are affected

It is worth mentioning that due to the repeated epidemic in many parts of the country in November, some consumers delayed their car purchase plans, which led to the overall car market in November being less than expected, and some "new forces" of car manufacturing were significantly affected.

The data shows that the sales volume of many new energy vehicles "new forces" fell month on month in November. The delivery volume of AITO, Nezha and GAC E'an, which performed well in October, fell back in November, down 31.27%, 16.34% and 4.31% month on month respectively.

In this regard, AITO said that due to repeated epidemics and tight supply chain and other multiple impacts, especially since November, the epidemic in Chongqing and other places has put a certain pressure on the production and delivery of enterprises, and Celus Chongqing Factory, some AITO user centers and some Huawei experience stores have been greatly impacted. At the same time, AITO said that such delivery achievements have not come easily.

Xiaopeng Automobile also said in the announcement that, affected by the epidemic, the ramp up of G9 production capacity and some delivery services were affected in November.

In addition, according to the latest "China Auto Dealer Inventory Early Warning Index Survey" by China Automobile Circulation Association, the inventory early warning index of China's auto dealers in November this year was 65.3%, up 9.9% year on year and 6.3% month on month. The inventory early warning index is above the boom and bust line.

In the survey of China Automobile Circulation Association, affected by the epidemic situation and control, 41.2% of dealers closed their stores, most of which were closed for more than two weeks. 73% of dealers were unable to complete their sales tasks, of which 61.1% had a task completion rate of less than 80%.

The China Automobile Circulation Association said that, from a nationwide perspective, the automobile market was relatively silent in November, the passenger flow inevitably fell sharply, and the release of consumer demand for cars was blocked, which had a great impact on store operations, new car sales, after-sales service, and even the second-hand car market. Adding factors such as increased inventory and shortage of working capital, some dealers began to implement layoffs and salary cuts. The Circulation Association estimated that the sales volume of automobile terminals in November was about 1.7 million.

Previously, the China Automobile Circulation Association had predicted that the auto market would enter the tail raising market in November, but the higher inventory data showed that the tail raising market that should have appeared had not arrived yet.

Long term improvement of new energy vehicles

The new energy vehicle market has maintained stable growth, and its prospects are unanimously optimistic.

On December 5, the Passenger Transport Federation issued a forecast for the new energy passenger vehicle market in November. It said that, considering the balance between the production reduction factors and the incremental factors of individual major enterprises in November, the proportion of major enterprises in November remained basically stable compared with that of the previous month (more than 10000 vehicles). Therefore, it is estimated that the wholesale sales of new energy passenger vehicle manufacturers in November will be 732000 vehicles, an increase of about 8% month on month and 71% year on month.

The China Automobile Circulation Association also predicted that the sales volume of fuel vehicles will still decline by 15% this year, but the decline in the sales volume of fuel vehicles can be filled by the unexpected growth of new energy vehicles.

Xu Haidong, the deputy chief engineer of China Automobile Association, said that at present, China has a very complete industrial chain in the new energy vehicle industry and is also the world's largest new energy vehicle market. With the improvement of policies and the development of technology, China's new energy vehicle industry will also usher in greater development.

Cui Dongshu, deputy secretary-general of CCCC, said that China's new energy vehicle consumption is expected to continue the good momentum in the future, and the market potential will be accelerated.

Recently, Guizhou, Zhejiang and other places have also introduced policies to support the development of new energy automobile industry. Among them, the Implementation Plan of Guizhou Province for Promoting Green Consumption proposes to increase the promotion of new energy vehicles, reasonably guide consumers to take low-carbon cars and use vehicles, and deeply carry out new energy vehicles to the countryside and trade in the old for the new. The Action Plan of Zhejiang Province for Accelerating the Development of New Energy Vehicle Industry (Draft for Comments) proposes to strive to achieve an annual output of 1.2 million new energy vehicles by 2025, accounting for more than 60% of the total automobile production of the province.

Looking forward to December, the Passenger Transport Federation issued a document saying that the purchase tax subsidy and new energy subsidy policies will end soon, and the Spring Festival of the Year of the Rabbit will be advanced to the middle of January 2023, and the consumer demand for cars at the end of the year may be released centrally.

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