Economic Operation of China's Automobile Industry in 2021

According to the statistical analysis of China Association of Automobile Manufacturers, China's automobile production and sales showed year-on-year growth in 2021, ending the decline for three consecutive years since 2018. Among them, new energy vehicles have become the biggest highlight, with annual sales of more than 3.5 million vehicles, and the market share has increased to 13.4%, further indicating that the new energy vehicle market has shifted from policy driven to market driven.

2021 China's automobile production and sales:

In 2021, 26.082 million and 26.275 million vehicles were produced and sold, with a year-on-year increase of 3.4% and 3.8%, ending the downward trend for three consecutive years since 2018.

In 2021, the production and sales of passenger cars were 21.408 million and 21.482 million, with a year-on-year increase of 7.1% and 6.5%, ending the downward trend for three consecutive years since 2018.

In 2021, the production and sales of commercial vehicles were 4.674 million and 4.793 million, with a year-on-year decrease of 10.7% and 6.6%, ending the rapid growth trend of the previous year.

In 2021, the production and sales of new energy vehicles reached 3.545 million and 3.521 million respectively, with a year-on-year increase of 1.6 times.

2021 China's automobile exports:

Driven by factors such as the recovery of the international market and the improvement of the competitiveness of Chinese brands, China's automobile exports have performed well. Since April, China has refreshed historical records for many times, with annual exports exceeding 2 million vehicles for the first time, realizing a breakthrough that has hovered around 1 million vehicles for many years;

Driven by the improvement of new energy and export market, Chinese brand cars have a market share of more than 44%, close to the best level in history.

From: China Association of Automobile Manufacturers

Translated by; WONDEE Autoparts

2022/2/24