Wholesale sales volume of new energy passenger vehicle manufacturers in July 2022

China's new energy passenger vehicle market forecast in July:

In July, China's new energy passenger vehicle market maintained a strong and good trend. In June, the monthly sales volume of 16 enterprises with wholesale sales of more than 10,000 vehicles accounted for 83.7%, and the estimated sales volume of these enterprises in July was 470,000. According to the proportion of the normal structure, the wholesale sales of new energy narrow-sense passenger vehicles in July are predicted to be about 561,000 in China.

Although the Chinese government has issued the incentive policy of halving the purchase tax of fuel vehicles, the market-oriented growth momentum of new energy vehicles is strong, especially the current consumption promotion policies for new energy vehicles in various regions are no less than that of fuel vehicles in terms of subsidy amount and coverage. New energy vehicles of the same price range in Shandong and Jilin can get higher subsidies than fuel vehicles. Beijing and Shanghai have introduced old for new subsidies only for new energy vehicles, so the new energy market will continue to grow rapidly.

Considering the reduction caused by production reduction in July by some major enterprises, the proportion of major enterprises (more than 10000 vehicles) will be lower than that of last month. Therefore, it is estimated that the wholesale sales volume of new energy passenger vehicle manufacturers in July is basically the same as that of 570,000 vehicles in June, with a year-on-year increase of about 120%.

New energy wholesale sales volume of major Chinese manufacturers in July:

From: China Passenger Car Association

Translated by: WONDEE Autoparts

2022/8/11