In the first quarter of 2022, the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) automobiles in China were 1.293 million and 1.257 million respectively, an increase of 1.4 times year-on-year. The overall development momentum was maintained, and the market penetration reached 19.3%, which played a prominent leading role in the automobile industry. Recently, a large-scale epidemic has occurred in many places in China, which has led to the shutdown of some new energy vehicle factories, and the continuous rise of raw material prices has led to the increase of vehicle prices. The supply and demand ends of the new energy vehicle market are facing great pressure. In the first quarter, it maintained high-speed development on the whole. In March, China Shanxi Guoxin Energy Corporation Limited(600617) automobile production and sales reached 465000 and 484000 respectively, a new high this year, with an average year-on-year increase of 1.1 times, and the growth rate dropped compared with last month. In the first quarter, the production and sales of 1293000 and 1257000 vehicles were completed respectively, with a year-on-year increase of 1.4 times. The production and sales scale was much higher than that in the same period in 2021, and continued to maintain high-speed growth.
In the first quarter, the production and sales of pure electric vehicles exceeded one million. In March, the production and sales of pure electric vehicles were 376000 and 396000 respectively, an increase of 1.1 times year-on-year, and the growth rate was lower than that in February. In the first quarter, the cumulative production and sales of pure electric vehicles were 1.036 million and 1.007 million respectively, both breaking 100, an increase of 1.3 times year-on-year.
The production and sales of plug-in hybrid vehicles continued to flourish. In March, the production and sales of plug-in hybrid vehicles were 89000 and 88000 respectively, with a year-on-year increase of 1.6 times and 1.4 times respectively. The production and sales remained at a high level for five consecutive months. In the first quarter, the cumulative production and sales of plug-in hybrid vehicles were 256000 and 249000 respectively, with a year-on-year increase of 2.3 times and 2 times respectively, and the market recognition continued to improve.
Market penetration continued to increase and the leading role of the industry was further strengthened. In March, the penetration rate of the new energy vehicle market reached 21.7% in the current month, an increase of 2.5 percentage points over the previous month, a record high. The penetration rate in the first quarter reached 19.3%, and the cumulative market penetration rate in the past year increased steadily to 15.7%. The leading role of new energy vehicles in the automotive industry as a whole continued to increase.
