Retail sales of new energy passenger vehicles exceeded 530,000 units in June, and independent brands such as BYD performed strongly

On July 8, the latest production and sales data released by the Passenger Car Association showed that the retail sales of my country's passenger car market reached 1.943 million units in June, a year-on-year increase of 22.6% and a month-on-month increase of 43.5%.Judging from the data of double growth, the passenger car market in June showed the characteristics of off-season.

Image source: Passenger Association

According to the analysis of the Passenger Car Association, the main reason for the strong growth of the passenger car market in June is the combined effect of the auto market's own factors and policy-driven, and the core is the policy-driven.As we all know, on May 31st, the Ministry of Finance issued a policy for 2.0-liter and below-displacement passenger vehicles whose purchase date is between June 1st and December 31st, and whose bicycle price (excluding value-added tax) does not exceed 300,000 yuan. The acquisition and purchase tax is halved.

Compared with the car purchase tax reduction policies in 2009 and 2015, this year's policy has a wider scope of implementation and greater benefits, which is conducive to promoting automobile consumption.The Passenger Federation predicts that the implementation of the car purchase tax policy this year is expected to bring about an increase of about 2 million vehicles.In addition, June is also a month when local consumption promotion policies are concentrated. According to data from the Passenger Federation, more than 20 provinces and more than 40 cities across the country have issued consumption promotion policies, ranging from car purchase subsidies, old-for-new subsidies, replacement ofnew energysubsidies, The issuance of consumer coupons, the issuance of fuel cards and other consumption promotion policies have been fully implemented, and some policies will expire at the end of June. Therefore, in June, under the combination of the start-up period of halving the car purchase tax and the upsurge of local consumption promotion, the performance of the auto market exceeded powerful.

The performance of the new energy passenger vehicle market remained strong in June. The retail sales of new energy passenger vehicles reached 532,000 units in June, a year-on-year increase of 130.8% and a month-on-month increase of 47.6%.Among them, the retail sales of pure electric vehicles was 424,000 units, a year-on-year increase of 126.1% and a month-on-month increase of 58.2%; the retail sales of plug-in hybrid vehicles was 108,000 units, a year-on-year increase of 151.1% and a month-on-month increase of 16.9%.

Image source: Passenger Association

In terms of penetration rate, the retail penetration rate of new energy passenger vehicles reached 27.4% in June, an increase of 12.8 percentage points from the penetration rate of 14.6% in June 2021.

The Passenger Federation believes that under the policy of halving the purchase tax of fuel vehicles, new energy vehicles can achieve a month-on-month trend that exceeds expectations in June, mainly due to improved supply and rising oil prices.It is well known in the industry that since last year,new energy vehicleshave been greatly affected by the shortage of components such as chips, and the production capacity of OEMs has been limited by this.According to the latest data from the China Passenger Transport Association, the output of new energy vehicles continued to improve in June, up 30.3% month-on-month to 566,000 units.

In terms of car companies, the new energy market base of self-owned brands continued to expand, and companies such as BYD, Geely, GAC Aian, and new car manufacturers performed strongly. In addition, Tesla, which experienced the challenge of the Shanghai epidemic, doubled its wholesale volume in June from the previous month. , reaching 78,900 units, a year-on-year increase of 138%.

In June, there were 16 automobile manufacturers whose wholesale sales of new energy vehicles exceeded 10,000 units, an increase of 3 from the previous month and an increase of 11 from the same period last year, accounting for 85% of the total number of new energy passenger vehicles.Among them, the wholesale volume of BYD in June was about 133,800, Tesla China 78,900, SAIC-GM-Wuling 49,500, Geely Auto 29,700, GAC Aian 24,100, Chery 22,800, SAIC Passenger Car 18,000 units, 16,200 units of Changan Automobile, 15,300 units of Xiaopeng Motors, 13,200 units of SAIC Volkswagen, 13,100 units of Nezha Auto, 13,000 units of Lili Auto, 12,900 units of NIO, 13,900 units of Great Wall Motors, FAW Volkswagen 12,300 units, Leapmotor 11,300 units.

From the perspective of manufacturer's wholesale volume, most of the above-mentioned car companies' new energy wholesale volume has achieved a month-on-month growth, which to a certain extent reflects the recovery of the new energy vehicle industry after the epidemic has improved.

Looking forward to July, the China Passenger Transport Association analyzed that supply will basically return to normal in July. Shanghai is the core hub of the country's automobile manufacturing. The Yangtze River Delta was not affected much by the epidemic in early July. Theproduction capacityof automobiles is expected to be fully released. It is expected that the production and sales of passenger cars will achieve a year-on-year growth of about 20%, which can achieve a good situation in which the off-season is not short.