If you want to speculate in the stock market, you can see the research report of Jin Kirin analysts.MspacmancocktailtableAuthoritative, professional, timely, comprehensive, to help you tap the potential theme opportunities!
China's automobile industry ushered in a historic moment. In the first half of April, the penetration rate of new energy vehicles in China exceeded 50% for the first time. New energy vehicles are developing at an amazing speed, while the market share of fuel vehicles is constantly being eroded.
As early as 2020MspacmancocktailtableChina has set a target that the penetration rate of new energy vehicles will exceed 50% by 2035. This year, the penetration rate of new energy vehicles in China is only 5%.Mspacmancocktailtable.8%.
Unexpectedly, China's new energy penetration continues to rise sharply, breaking 14% in 2021, 27% in 2022 and 33% in 2023. With the achievement of the target of 50% penetration, it means that the penetration rate of new energy vehicles in China has increased 10 times in five years, and the national planning target has been achieved 11 years ahead of schedule.
According to data from the China Automobile Association, the production and marketing of new energy vehicles in China completed 86% in March.Mspacmancocktailtable.30,000 and 883000, up 28.1% and 35.3% respectively over the same period last year. Compared with some overseas countries stepping on the brakes of new energy, the explosive growth of China's new energy vehicles has far exceeded expectations and has become the leader of the global new energy vehicle industry.
On the other side of Libra, the share of joint venture fuel vehicles continues to fall sharply. According to the data, SAIC GM's sales fell 14.5% in 2023, SAIC Volkswagen fell 8%, and Guangzhou Auto Honda fell 13.7%. The momentum has accelerated this year. Terminal sales of joint venture fuel vehicles in March can be described as a rout. Guangzhou Automobile Honda Accord fell by 72.6%, Guangzhou Automobile Toyota Camry by 59.2%, FAW Toyota Corolla by 54.4%, SAIC Volkswagen Lang Yi by 36.4%. Subsequently, the joint venture fuel vehicles ushered in a wave of mass shop closures, resulting in a large number of consumer disputes and rights protection.
The analysis shows that the new energy vehicle has also surpassed the traditional fuel vehicle in terms of power, static and intelligence, especially the plug-in, and integrates the functions of fuel, plug-in, extended range and pure electric. After the price breakthrough, it is difficult for fuel vehicles to fight back, and it is expected that the penetration rate of new energy will further increase in the second half of the year.
At the previous forum of 100 people for electric vehicles in China, Wang Chuanfu, president of BYD, predicted that the penetration rate of new energy vehicles in China will soon exceed 50%, and it may be more than that in the future. Wang Jun, president of Changan Automobile, also said that although some European and American automobile giants have announced to postpone the electrification process, the wave of transformation of the global automobile industry to electrification and intelligence will not change.