On February 14, the passenger car Federation released the national passenger car sales data in January 2022. According to the data, in January 2022, the retail sales of passenger car market reached 2.092 million, a year-on-year decrease of 4.4%, a decrease of 0.6% compared with December 2021.
Among them, the retail volume of luxury cars was 290000, a year-on-year decrease of 5% and a month on month increase of 18%. The retail sales of independent brands reached 940000, with a year-on-year increase of 11% and a month on month increase of 1%; The retail share of independent brands in China was 45.5%, an increase of 6.4 percentage points year-on-year. Mainstream joint venture brands retail 860000 vehicles, down 17% year-on-year and 7% month on month. The retail share of Japanese brands was 19.2%, down 2.2 percentage points year-on-year; The share of German brands was 23.5%, a year-on-year decrease of 2.3 percentage points; The retail market share of American Department reached 8.2%, down 1.2 percentage points year-on-year; The share of legal system increased by 0.1 percentage points.
It is noteworthy that the retail sales of new energy passenger vehicles reached 347000 in January, with a year-on-year increase of 132.0% and a month on month decrease of 27.0%. The month on month decrease is basically consistent with the characteristics of 25% in January 2021.
The passenger Federation pointed out that affected by the centralized delivery at the end of last year, the sales volume in the first ten days of January was weak, but there was a significant recovery in the second and third weeks. In January, the retail penetration rate of new energy vehicles in China was 16.6%, 10 percentage points higher than that of 6.8% in the same period last year.
Among them, the penetration rate of new energy vehicles among independent brands is 31.4%, that of luxury vehicles is 10.2%, while that of mainstream joint venture brands is only 2.5%.
In terms of exports, 52000 new energy vehicles were exported in January, maintaining a strong growth. Tesla China exports 40499 vehicles, SAIC 4814 passenger vehicles, Dongfeng yijiete 4267 vehicles, Geely 444 vehicles, Great Wall Motor Company Limited(601633) 408 vehicles, SAIC Maxus 406 vehicles, Byd Company Limited(002594) 313 vehicles, and other new energy vehicles are mainly in the Chinese market.
From the perspective of manufacturers, the market of new energy passenger vehicles was diversified in January, Byd Company Limited(002594) pure electric and plug-in hybrid dual drive, consolidating the leading position of independent brand new energy; The traditional automobile enterprises represented by Saic Motor Corporation Limited(600104) and Guangzhou Automobile Group Co.Ltd(601238) are relatively outstanding in the new energy sector.
According to the data, there are 11 enterprises with wholesale sales exceeding 10000 vehicles, a significant increase of 6 over the same period. Among them, Byd Company Limited(002594) new energy vehicles sold 93101 units, Tesla China Shanxi Guoxin Energy Corporation Limited(600617) vehicles sold 59845 units, SAIC GM Wuling new energy vehicles sold 40007 units, Chery new energy vehicles sold 21179 units, Geely new energy vehicles sold 17036 units, GAC ea new energy vehicles sold 16031 units, SAIC passenger vehicles sold 14414 units Great Wall Motor Company Limited(601633) the sales volume of new energy products is 13781, Xiaopeng 12922, ideal 12268 and Nezha 11009.
Cui Dongshu pointed out that although the decline in new energy subsidies and the rise in raw material prices have led to fine-tuning of the prices of some models and a brief downturn in orders, the sales volume of new energy models will not be significantly affected by the decline in February. The sales volume of new energy passenger vehicles is expected to reach about 5.5 million in 2022, and continue to achieve a high growth rate of about 70%.
