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Analysis on the Development of China's New Energy Passenger Car Market in 2021

Views:0     Author:WONDEE Autoparts     Publish Time: 2021-07-06      Origin:Site

Analysis on the development of China's new energy passenger car market in 2021the CPCA predicts that the annual wholesale sales will reach 2.4 million units


1. Retail market

In May 2021, new energy vehicles continued to grow strongly. According to the data of the passenger car Association, the retail sales of new energy vehicles in May 2021 reached 185000, with a month on month growth of 17.4% and a year-on-year growth of 177.2%.


Retail sales of new energy passenger vehicles from January to may 2021
https://img.chyxx.com/2021/06/20210617130352p88r_m.pngnew energy passenger car (1)

In the retail market of new energy vehicles, domestic brands perform well. In the list of over 10000 sales in May, SAIC GM Wuling ranked the first. In May, the retail sales totaled 33175 vehicles, and BYD ranked the second, with a total retail sales of 31908 vehicles.


Retail Sales Volume of Major New Energy Passenger Vehicle Enterprises in May 2021
new energy passenger car (2)https://img.chyxx.com/2021/06/202106171303522la8_m.png   

2. Wholesale market

According to the data of the CPCA, in May 2021, the wholesale sales of new energy passenger cars reached 196000, with a month on month growth of 6.7% and a year-on-year growth of 174.2%.


Wholesale Sales of New Energy Passenger Vehicles from January to May 2021
https://img.chyxx.com/2021/06/20210617130352zqkr_m.pngnew energy passenger car (3)

 

Among them, the wholesale sales of pure electric vehicles were 162000, and plug-in hybrid electric vehicles were 34000, both up from April.


Statistics of Wholesale Sales of New Energy Passenger Vehicles by Category from January to May 2021
https://img.chyxx.com/2021/06/20210617130353mu2c_m.pngnew energy passenger car (4)

 

As for the outlook of the new energy passenger vehicle market in 2021, the Federation of passenger cars predicted that the annual wholesale sales volume would reach 2.4 million. Previously, in the February report, the Federation of passenger cars predicted that the wholesale sales volume of new energy vehicles would reach 2 million, which was increased to 2.2 million in April. From the perspective of penetration rate, the penetration rate from January to may 2021 was 9.4%, while it was only 5.8% in 2020. The increase again shows the strong trend of the new energy vehicle market.


Wholesale Sales Trend of New Energy Passenger Vehicles from 2012 to 2021
https://img.chyxx.com/2021/06/20210617130353y58k_m.pngnew energy passenger car (5)

Source: the CPCA

 

 


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