New energy vehicles “five consecutive declines”, there will be major challenges in the future

In November, new energy vehicles continued to show a decline, and it has been declining year-on-year for five consecutive months.

In November, the production and sales of new energy vehicles were 110,000 and 95,000, down 36.9% and 43.7% year-on-year, respectively. Among them, the production and sales of pure electric vehicles were 96,000 units and 81,000 units, a year-on-year decrease of 29.6% and 41.2% respectively; the production and sales of plug-in hybrid vehicles were 14,000 units, a year-on-year decrease of 63% and 54.4% respectively.

Compared with the previous month, the production and sales of pure electric vehicles increased rapidly, and plug-in hybrid electric vehicles and fuel cell vehicles showed a significant decline.

From January to November, the production and sales of new energy vehicles reached 1.093 million and 1.043 million respectively, up 3.6% and 1.3% year-on-year. Among them, the production and sales of pure electric vehicles were 891,000 units and 832,000 units, an increase of 10.3% and 5.2% year-on-year, respectively; the production and sales of plug-in hybrid vehicles were 201,000 units and 210,000 units, a year-on-year decrease of 18.7% and 12.1% respectively; The production and sales of fuel cell vehicles were 1,426 and 1,337, up 398.6% and 375.8% year-on-year, respectively.

Among the main varieties of new energy vehicles, the production and sales of pure electric vehicles maintained a year-on-year growth rate slightly higher than that of the industry.

Since the subsidy of new energy vehicles declined on June 26, the sales of new energy vehicles have experienced a “five consecutive declines” year-on-year from July to November, with year-on-year declines of 4.7%, 15.8%, 34.2%, 45.6%, and 43.7% respectively.

Chen Shihua said that the production and sales of new energy vehicles will peak at the end of previous years. This year, the subsidy has been greatly reduced. It has been declining year-on-year for five consecutive months, and the whole year will basically show negative growth. Judging from the economic benefit data of new energy vehicle companies, they are currently in a state of loss. It can be seen that the current new energy vehicle market is still driven by policies, and changes in policies put a lot of pressure on the market.

Xu Haidong, assistant secretary general of the China Automobile Association, predicted that in December this year, the production and sales of new energy vehicles may pick up slightly, but they may still face greater challenges next year.

The Links:   BB173X SEMIX453GB12E4S