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China Economic Operation of Automobile Industry in July 2021

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In July 2021, affected by adverse factors such as the shortage of automotive chips and the full implementation of the China VI Vehicle Emission Standards (commercial vehicles), China's automobile production and sales decreased year-on-year, but the sales of new energy vehicles still maintained rapid growth, and the market penetration reached 10% in the first seven months. 

1. In July, automobile sales decreased by 11.9% year-on-year

 

In July, the production and sales of automobiles were 1.863 million and 1.864 million respectively, with a year-on-year decrease of 15.5% and 11.9% respectively.

From January to July, the production and sales of automobiles were 14.44 million and 14.756 million respectively, with a year-on-year increase of 17.2% and 19.3% respectively.

 

1) In July, passenger car sales decreased by 7% year-on-year


In July, the production and sales of passenger cars were 1.548 million and 1.551 million respectively, a year-on-year decrease of 10.7% and 7% respectively.

 

In terms of models, 726,000 and 711,000 cars were produced and sold respectively, with a year-on-year decrease of 10.7% and 8.4% respectively; The production and sales of SUV reached 707,000 and 724,000 respectively, with a year-on-year decrease of 11.7% and 6.2% respectively; The production and sales of MPV were 83,000 and 80,000 respectively, with a year-on-year decrease of 0.5% and 5.6% respectively; The production and sales of vans were 31,000 and 36,000 respectively, of which the output decreased by 11.1% year-on-year and the sales increased by 2.5% year-on-year.

 

From January to July, the production and sales of passenger cars were 11.394 million and 11.56 million respectively, with a year-on-year increase of 20.1% and 21.2% respectively.

 

According to models, the production and sales of cars were 5.278 million and 5.354 million respectively, with a year-on-year increase of 18.6% and 20.3% respectively; The production and sales of SUVs were 5.348 million and 5.457 million respectively, with a year-on-year increase of 21% and 22.6% respectively; The production and sales of MPV were 550,000 and 536,000 respectively, with a year-on-year increase of 30% and 19.4% respectively; The production and sales of vans were 218,000 and 212,000 respectively, with a year-on-year increase of 10.6% and 11.6% respectively.

 

In July, 720,000 Chinese brand passenger cars were sold, with a year-on-year increase of 22.2%, accounting for 46.4% of the total passenger car sales, and the share increased by 11.1 percentage points year-on-year.

 

From January to July, the cumulative sales of Chinese brand passenger cars were 4.92 million, a year-on-year increase of 42.8%, accounting for 42.6% of the total sales of passenger cars, and the share increased by 6.5 percentage points year-on-year. Among them, the sales volume of cars was 1.509 million, with a year-on-year increase of 84.3% and a market share of 28.2%; SUV sales volume was 2.838 million, with a year-on-year increase of 32.8% and a market share of 52%; The sales volume of MPV was 361,000, with a year-on-year increase of 20.3% and a market share of 67.2%.

 

2) In July, the sales volume of commercial vehicles decreased by 30.2% year-on-year

 

In July, the production and sales of commercial vehicles were 315,000 and 312,000 respectively, with a year-on-year decrease of 33.2% and 30.2% respectively. According to models, 273,000 and 274,000 trucks (including semi-trailers) were produced and sold respectively, down 37.8% and 33.8% year-on-year respectively; The production and sales of passenger cars were 43,000 and 38,000 respectively, with a year-on-year increase of 25.5% and 16.4% respectively.

 

from January to July, the production and sales of commercial vehicles were 3.045 million and 3.196 million respectively, with a year-on-year increase of 7.6% and 12.9% respectively. In terms of models, the production and sales of trucks were 2.745 million and 2.9 million respectively, with a year-on-year increase of 5.1% and 10.9% respectively; The production and sales of passenger cars were 301,000 and 296,000 respectively, with a year-on-year increase of 36.9% and 36.2% respectively.


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2. In July, the sales volume of new energy vehicles increased by 1.6 times year-on-year

 

In July, 284,000 and 271,000 new energy vehicles were produced and sold respectively, with a year-on-year increase of 1.7 times and 1.6 times respectively. In terms of models, the production and sales of pure electric vehicles were 232,000 and 220,000 respectively, with a year-on-year increase of 1.8 times and 1.7 times respectively; The production and sales of plug-in hybrid vehicles were 52,000 and 50,000 respectively, with a year-on-year increase of 1.5 times and 1.6 times respectively; The production and sales of fuel cell vehicles were 32 and 196 respectively, with a year-on-year increase of 3.6 times and 48 times respectively.

 

From January to July, the production and sales of new energy vehicles were 1.504 million and 1.478 million respectively, a year-on-year increase of 2 times. In terms of models, the production and sales of pure electric vehicles were 1.26 million and 1.227 million respectively, an increase of 2.2 times year-on-year; The production and sales of plug-in hybrid electric vehicles were 244,000 and 251,000 respectively, with a year-on-year increase of 1.1 times and 1.3 times respectively; 664 and 675 fuel cell vehicles were produced and sold respectively, with a year-on-year increase of 48.5% and 47.7% respectively.

China's new energy vehicles are growing rapidly in 2021

 

3. From January to June, the main business income of key enterprises increased by 24.4% year-on-year


From January to June, key enterprises (groups) in the automotive industry achieved a cumulative main business income of 2091.06 billion RMB, a year-on-year increase of 24.4%; The accumulated total profits and taxes reached 245.83 billion RMB, a year-on-year increase of 23%.

 

4. In July, automobile exports increased by 179.5% year-on-year


In July, the export of finished vehicles was 174,000, a year-on-year increase of 179.5%. In terms of models, the export of passenger cars was 140,000, a year-on-year increase of 213.1%; The export of commercial vehicles was 34,000, a year-on-year increase of 94.6%.

 

From January to July, the export of complete vehicles was 1.002 million, a year-on-year increase of 123.6%. By model, 770,000 passenger cars were exported, a year-on-year increase of 131.3%; The export of commercial vehicles(including semi-trailers) was 232,000, a year-on-year increase of 101.5%.

 

Source: China Automobile Industry Association


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