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How about the economic operation of the automobile industry, including bus mini in January 2021? 

In 2021, under the strong leadership of the Party Central Committee with Xi Jinping at its core, all regions and departments will continue to do a good job in the “six stability” work and fully implement the “six guarantees” tasks. China’s economy will shift from a structural recovery to a full recovery, and the economy will grow. The endogenous power will be further enhanced.

All regions and departments have actively responded, scientifically prevented, and controlled.

Since January, although local clusters of epidemics have occurred successively in many places in my country. As well as the production and operation of some enterprises have been temporarily affected to some extent. All regions and departments have actively responded, scientifically prevented, and controlled. Moreover, they implemented precise policies to continue to coordinate epidemic prevention and control and economic and social development. Therefore, the overall national macroeconomic situation remains stable, and the business climate continues to remain in the expansion range.

In this context, the automobile industry (including bus mini) has continued a good development trend. From the perspective of market conditions, overall demand remained stable. At the same time, since the Spring Festival last year was in January, the base was low, and this month’s car sales (including bus mini) showed substantial growth. In them, the contribution of passenger car sales growth remained within a reasonable range, and the sales of commercial vehicles (including bus mini) were driven by trucks, and monthly sales broke the historical record of the month for 10 consecutive months.

New energy vehicles development

New energy vehicles (including bus mini) continue to continue the development trend of the second half of 2020. Sales this month have increased by nearly 2.5 times year-on-year, and sales have set a new historical record for the month for 7 consecutive months. Exports of automobiles (including bus mini) also continued to recover. Following the two consecutive months of export volume in November and December last year, the export volume set a new historical record this month.

Specifically, the operation of the automobile industry (including bus mini) in January 2021 roughly shows the following characteristics:

The production and sales of automobiles (including bus mini) increased significantly year-on-year


In January, the production and sales of automobiles (including bus mini) were 2.388 million and 2.503 million respectively. Also a decrease of 15.9% and 11.6% from the previous month, and a year-on-year increase of 34.6% and 29.5%.


There are two reasons for the sharp year-on-year growth in production and sales this month. First, the current market demand is still recovering. Second, the base level is low due to the 2020 Spring Festival holiday in January and the impact of the epidemic at the beginning of last year. Judging from the month-on-month comparison, the rapid decline in production month-on-month reflects that the insufficient supply of automotive chips has affected the company’s production rhythm.


 2. The production and sales of passenger vehicles increased significantly year-on-year


In January, the production and sales of passenger vehicles were 1.91 million and 2.045 million. And down 18.1% and 13.9% month-on-month, and up 32.4% and 26.8% year-on-year.


From the specific data, the production and sales of cars increased by 38.2% and 31.6% respectively; the production and sales of SUVs increased by 29.8% and 25.2% respectively; sales of MPV increased by 18.3% and 8.6% respectively, and sales of cross-type passenger vehicles decreased by 4.8% and 18.1%.

In January, the sales volume of domestically produced luxury cars was 329,000, an increase of 58.2% year-on-year. Furthermore, we continued to maintain the leading growth rate.

3. The monthly sales of commercial vehicles (including bus mini) hit a record high


In January, the production and sales of commercial vehicles (including bus mini) were 478,000 and 458,000, respectively. Production decreased by 6.1% month-on-month, sales increased by 0.5% month-on-month. As well as production and sales (including bus mini) increased by 44.3% and 43.1% year-on-year, respectively.

 From the perspective of segmented models, the production and sales of trucks this month were 443,000 and 422,000. The number shows up 46.4% and 44.3% year-on-year respectively. It completed 35,000 and 36,000 vehicles. It is a year-on-year increase of 22.4% and 30.1% respectively.

4. Monthly sales of new energy vehicles (including bus mini) hit a record high

In January, the production and sales of new energy vehicles (including bus mini) were 194,000 and 179,000 respectively. Also a decrease of 17.8% and 27.8% from the previous month. Moreover, an increase of 285.8% and 238.5% from the same period last year. New energy vehicles (including bus mini) continue to refresh the single-month sales record, which has been 7 consecutive months.

Among them, the production and sales of pure electric vehicles (including bus mini) were 166,000 and 151,000, an increase of 366.6% and 287.8% year-on-year; the production and sales of plug-in hybrid vehicles were 28,000 and 29,000, an increase of 92.4 year-on-year. % And 104.7%; the production and sales of fuel cell vehicles were 29 and 63 respectively; a year-on-year decrease of 80.0% and 63.2% respectively.

5. The market share of Chinese brand passenger vehicles has risen

In January, the sales of Chinese brand passenger vehicles declined from the previous month and showed rapid growth year-on-year. A total of 867,000 vehicles were sold that month, an increase of 42.6% year-on-year, accounting for 42.4% of total passenger vehicle sales, an increase of 4.7 percentage points from the same period last year.     

6. Decline in market concentration of key enterprise groups

In January, the sales of the top ten enterprise groups in automobile sales totaled 2.251 million vehicles, an increase of 26.9% year-on-year, accounting for 89.9% of total automobile sales, 1.8 percentage points lower than the same period last year.

7. Year-on-year growth in automobile exports (including bus mini)

In January, automobile companies exported 119,000 vehicles (including bus mini), a decrease of 17.6% from the previous month and an increase of 73.0% from the same period last year. This month’s exports set a new monthly export record. In terms of vehicle types, passenger vehicle exports were 91,000 units this month, down 21.5% month-on-month and up 76.9% year-on-year; commercial vehicle exports (including bus mini) were 28,000 units, down 1.7% month-on-month and up 61.7% year-on-year.

Looking forward to the first quarter, although my country’s economic development situation is generally good, 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, which will also have a certain impact on global automobile production for a period of time, which in turn affects the stability of the operation of my country’s automobile industry (including bus mini).

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