Shulou(Shulou.com)11/24 Report--

According to the latest data from the CTOnews.com on January 5, preliminary statistics show that retail sales in the passenger car market in December were 2.425 million, an increase of 15% over the previous year, and an increase of 47% over the previous month. In December, national passenger car manufacturers wholesale 2.273 million vehicles, down 4% from the same period last year and up 12% over the previous month.

According to preliminary statistics, the passenger car market will retail 20.7 million vehicles in 2022, 20.15 million vehicles in 2021, an increase of 550000 vehicles, an increase of 1.8 percent over the same period last year. It is estimated that 23.2 million passenger cars in the narrow sense will be wholesale in 2022, 21.1 million vehicles in 2021, an increase of 2.1 million vehicles, an increase of 10 percent.

In terms of new energy vehicles, the Federation said that new energy vehicles are bound to sprint to a new high in December. New energy vehicles accelerate sprint, before the withdrawal of subsidies, manufacturers are more anxious than terminals, in order to win the final subsidy, manufacturers need to take various measures to digest the existing inventory as soon as possible. In order to reduce the inventory pressure of dealers, manufacturers in the near future sound wholesale sales, but also in preparation for a good start in 2023.

CTOnews.com learned that the Federation said that the withdrawal of new energy subsidies is of great significance, and the cost of simultaneous subsidies exists even if the subsidies that are already very low are extended. Compared with the subsidy income, no subsidy is more advantageous for enterprises to focus on the market.

According to reports, China's new energy vehicles account for more than 60% of the world's share, and the cancellation of subsidies will help to reduce market growth expectations. Sufficient supply brought about by previous large battery investment and upstream mineral investment, coupled with lower upstream expectations, will help reduce resource prices. At present, we can see that the price of lithium carbonate has fallen below 400000 on the futures side, and the battery cost is bound to drop significantly in the next few months, which will be of great benefit to improve the profits of vehicle companies.

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