According to the latest production and sales data released by the China Association of Automobile Manufacturers (hereinafter referred to as "China Automobile Association") on February 18, China's automobile production and sales completed 2.422 million and 2.531 million respectively in January 2022, down 16.7% and 9.2% respectively from the previous month, and an increase of 1.4% and 0.9% respectively over the same period last year.
Photo source: China Automobile Association
The China Automobile Association said that in the context of a high base in the same period last year, the whole industry made joint efforts to promote the steady development of the automobile market at the beginning of 2022. Among them, the performance of new energy vehicles is still outstanding, maintaining a momentum of rapid growth compared with the same period last year.
Photo source: China Automobile Association
Data show that in January this year, the production and sales of new energy vehicles completed 452000 and 431000 respectively, an increase of 1.3 times and 1.4 times respectively over the same period last year. In terms of vehicle types, the production and sales of pure electric vehicles completed 367000 and 346000 respectively, an increase of 1.2 times over the same period last year; the production and sales of plug-in hybrid vehicles completed 85000, an increase of 2.0 times over the same period last year; and fuel cell vehicles completed 142,192 respectively, an increase of 3.9 times and 2.0 times respectively over the same period last year.
On the whole, although the sales of new energy vehicles in January did not set a new record, it still continued the trend of rapid development last year, and the scale of production and sales was much higher than that of the same period last year. In addition, in terms of market share, the market share of new energy vehicles reached 17% in January, and the market share of new energy passenger vehicles reached 19.2%, which continued to be higher than the level for the whole of last year.
