China’s automobile production and sales have increased substantially

 How about the situation about China’s automobile production and sales in Jan. 2021, included 15 passenger bus? 

The China Association of Automobile Manufacturers announced on the 9th the economic performance of China’s automobile industry in January 2021:

In January, China’s automobile production and sales increased significantly year-on-year, including 15 passenger buses. Automobile production and sales were 2.388 million and 2.503 million vehicles, down 15.9% and 2. 11.6%, a year-on-year increase of 34.6% and 29.5% respectively. At the same time, Chinese cars, including 15 passenger bus Exports also continued to recover.

 

According to the China Association of Automobile Manufacturers, since January, despite the successive occurrence of localized epidemics in many places in China, the production and operation of some enterprises have been temporarily affected to some extent, but all regions and departments have actively responded, scientifically prevented and controlled, and the business boom has continued. Stay in the expansion range. In this context, China’s auto industry has continued a good development trend. From the perspective of market conditions, the overall demand remains stable. At the same time, since the Spring Festival last year was in January, the base was low. Car sales in January 2021 included 15 passenger bus Shows substantial growth.

 

In January 2021, the contribution of passenger vehicle sales growth remained within a reasonable range. Passenger vehicle production and sales increased by 32.4% and 26.8% year-on-year respectively; commercial vehicles including minibus sales were driven by trucks. The production and sales increased by 44.3% and 43.1 year-on-year respectively.

 Over the same period, new energy vehicles continued the development trend of the second half of 2020.

Sales this month increased by nearly 2.5 times year-on-year. Moreover, sales set a new historical record for the month for 7 consecutive months.

 Following the two consecutive months in November and December last year, the export volume set a new historical record. In January, the export volume of Chinese cars including 15 passenger bus set a new historical record for the month. This month, auto companies exported 119,000 vehicles, a year-on-year increase of 73.0%.

 Besides, China’s auto sales, including the top ten companies (groups) in 15 passenger bus sales, sold 2.251 million vehicles, accounting for 89.9% of total auto sales.

 Following records are from the China Association of Automobile Manufacturers. Looking forward to the first quarter, although China’s economic development situation is generally improving, there are still many uncertainties in the epidemic and the external environment. Especially the tight chip supply that has occurred since the end of last year. The production of global automobiles including 15 passenger bus has a certain impact. It is in turn affects the stability of China’s automobile industry.