On April 7, Guangzhou Automobile Group Co.Ltd(601238) , Baic Bluepark New Energy Technology Co.Ltd(600733) , Beiqi Foton Motor Co.Ltd(600166) several auto companies released the production and sales express in March. Although the sales data were uneven, they all showed a high growth trend of new energy vehicles.
In the first quarter of this year, Guangzhou Automobile Group Co.Ltd(601238) production and sales continued to rise, with a cumulative sales volume of 608200 vehicles, a year-on-year increase of 22.5%. Among them, the sales volume of new energy vehicles was 52819, with a year-on-year increase of 144.8%, far ahead of that of fuel vehicles, but the sales volume accounted for only 8.7%. Gac-e'an, the main new energy brand, has a stronger growth momentum, with production and sales of 20739 and 20317 vehicles in a single month, both breaking the 20000 mark, with a year-on-year increase of nearly 190%; 44874 vehicles were sold in the first quarter, a year-on-year increase of 150%. In terms of capacity guarantee, with the completion of the second phase capacity expansion of GAC ai'an intelligent ecological plant in February, the annual output can reach 200000 vehicles; At present, the construction of the second factory in ai'an has begun, and it is planned to be completed by the end of the year. At that time, the production capacity will double again.
Baic Bluepark New Energy Technology Co.Ltd(600733) BAIC new energy sold 9120 vehicles from January to March, with a year-on-year increase of 189.62%. Among them, 5735 vehicles were sold in March, with a year-on-year increase of 438% and a month on month increase of 354%, accounting for 63% of the overall sales in the first quarter.
Beiqi Foton Motor Co.Ltd(600166) which takes commercial vehicles as the main target market is also running on the transformation road of electrification. From the production and sales data, except for the growth trend of new energy vehicles and medium-sized buses, other models fell year-on-year. Specifically, the company sold 1555 new energy vehicles in March, with a year-on-year increase of 265%. The cumulative sales volume in the first quarter was 3199, with a year-on-year increase of 267.28%. However, in absolute terms, the proportion of electrification of the company is still low, and the penetration rate of new energy vehicles in the first quarter was only 2%.
Under the background of "double carbon", vehicle manufacturers have embraced electrification, and the production and sales of new energy vehicles have reached new highs. Among traditional automobile enterprises, the production and sales volume of new energy vehicles exceeded 100000 for the first time in Byd Company Limited(002594) 3 month, and the cumulative production and sales volume in the first quarter reached 287500 and 286300 respectively, with a year-on-year increase of more than 4 times, of which pure electric and hybrid vehicles accounted for half and half respectively; The production and sales data of fuel vehicles in March has been reset to zero; The Chongqing Sokon Industry Group Stock Co.Ltd(601127) also performed well when the production and sales data were released yesterday. The cumulative production and sales of new energy vehicles in the first quarter were 17391 and 14200 respectively, with a year-on-year increase of 296.87% and 207.43%. The cumulative sales of the main model Thalis in the first quarter was 5044, with a year-on-year increase of about 12 times.
The new forces of building cars settle down with new energy vehicles, and naturally they are not willing to fall behind. Since the beginning of this year, Xiaopeng automobile has continuously occupied the top of the list of new forces. In March, the monthly sales volume exceeded 15000, with a year-on-year increase of 202%; The sales volume is not more than 11034 cars per month; At the same time, Nezha, Zero run and other second tier new forces car enterprises caught up, with monthly sales exceeding 10000 units; The growth of Weilai automobile stalled, and the sales volume in March was 9985, with a growth rate of only 37.6%.
Ouyang Minggao, academician of the Chinese Academy of Sciences, pointed out that in 2022, the sales of fuel vehicles basically approached the peak, and then continued to fall. At the same time, the sales of electric vehicles broke out, and the sales of new energy vehicles will be the same as that of fuel vehicles in 2030. At the beginning of the year, the passenger Federation raised the sales forecast of new energy vehicles in 2022. It is expected that the overall sales of new energy vehicles will be 6 million and the sales of passenger vehicles will be 5.5 million.
It should be noted that under the pressure of rising raw materials and declining subsidies, a variety of new energy vehicles have started the price increase mode. According to the financial report of China Central Television, nearly 20 new energy vehicle enterprises have announced price increases since March. Under the expectation of price rise, there has even been a rush to buy some models in the short term, but the subsequent impact remains to be observed Citic Securities Company Limited(600030) research report points out that the price adjustment range of the main engine factory is generally cautious. Except Tesla, the whole vehicle factory may share the pressure brought by the rising price of lithium carbonate with its battery suppliers; The recent sharp rise in oil prices has highlighted the cost advantage of new energy vehicles, offsetting some of the impact of the price rise. Generally speaking, after the price rise of new energy vehicles, orders will be in a stable recovery state, and there is the rush loading effect of declining subsidies in the second half of the year, so we are still optimistic about the demand for new energy vehicles throughout the year.
