The development status of Chinese automobile industry in 2022 has been introduced briefly

2023-04-27 09:52:05

As an important pillar industry of the national economy, the automobile industry is in a critical stage of transformation and upgrading and high-quality development. 

The automobile industry has contributed much strength to the sustainable development of Chinese industrial economy and stable macro-economic growth. In August 2022, China's automobile production and sales were 2.395 million and 2.383 million, respectively, up 38.3% and 32.1% year on year, both higher than the previous month. From January to August, automobile production and sales respectively completed 16.967 million and 16.86 million, up 4.8% and 1.7% year-on-year, is the first production and sales growth since the second quarter. In the first eight months, the production and sales volume of new energy vehicles reached 3.97 million and 3.86 million, respectively, up 120 percent and 110 percent year on year, with a market share of 22.9 percent. Among the main varieties of new energy vehicles, compared with the same period last year, the production and sales of pure electric vehicles, plug-in hybrid electric vehicles and fuel cell vehicles continued to maintain a rapid growth momentum. At the beginning of 2022, automobile production and sales got off to a good start with a good momentum of development. However, at present, the difficulty and complexity of the automobile industry breakthrough are increasing, and the automobile production and sales do not develop in accordance with the expected sustainable growth situation. However, due to a series of negative factors, including the Russia-Ukraine conflict, the rising price of power battery raw materials, fuel price, chip supply shortage, and multiple outbreaks of domestic epidemics, new problems and challenges have been brought to the stable, orderly and healthy development of the industry, which will also have an impact on the annual sales trend and the subsequent process of industrial upgrading and transformation. 

Looking into the situation of the whole year, due to the impact of macroeconomic, the development of the automobile industry is facing the triple pressure of shrinking demand, supply impact and weakening expectations, and the task of stabilizing growth is very difficult. From the point of view of Wang Jun, president of Chongqing Changan Automobile Co., LTD. : Facing a new starting point, new strategy and new pattern, as long as we seize the opportunity and work together to create a great automobile brand as the goal, we will draw a bright future! The above information is excerpted from the materials published by China Association of Automobile Manufacturers.