BYDs new energy car sales suffered a lump-sum cut in the car markets gold, nine silver and ten gloom

category:Finance
 BYDs new energy car sales suffered a lump-sum cut in the car markets gold, nine silver and ten gloom


Geely: 70% of the year-round target

Geely sold 113,832 cars in September this year, breaking through 100,000 for the second month in a row after August, down 8.5% year-on-year, a narrower decline than in August.

Geelys sales are mainly made up of SUVs and cars. Among them, Boyue, Dihao and Wanyue all sell more than 10,000 vehicles per month.

In the first three quarters of this year, Geely sold 958 110 vehicles, down 19% from the same period last year. Nevertheless, Geely still leads its own brand with the advantage of more than 200,000 vehicles.

It is worth mentioning that in early July this year, Geely reduced its annual sales target from 1.51 million at the beginning of the year to 1.36 million. Under the new target, Geelys cumulative sales have reached 70%. With the support of traditional sales season such as November and December, we can basically achieve the annual target.

In the howling of automobile enterprises, the situation of Great Wall automobile is very good.

In September this year, Great Wall sold 10,019 cars, up 15% from the same period last year; this year, its cumulative sales reached 724,113, up 7.01% from the same period last year. 67.7% of the annual sales target. Among them, sales of SUV Harvard brand in September were 75,253, up 22.1% year-on-year; this years cumulative sales were 46,7138, up 11.6% year-on-year.

As an evergreen tree in the SUV industry, Harvard H6 achieved a total sales of 262400 vehicles in the first three quarters, of which 31711 were sold in September, ranking first in the SUV market for 76 months.

In addition to the traditional H series, the Harvard F and M series have also become the new growth power of brand sales. Since its launch last year, the F series has achieved a cumulative sales of more than 160,000 vehicles. As the main star model of the Harvard F series, Harvard F7 sold 12,304 new cars in September, with a cumulative sales exceeding 100,000 in the first three quarters. Harvard M6, the fastest-growing company, sold 15108 new cars in September, up 131.5% from a year earlier; in the first three quarters of this year, sales totaled 68697, up 117.37% from a year earlier.

In addition, Great Walls overseas export sector surpassed 50,000 vehicles in the first three quarters of this year, an increase of 40% over the same period last year. However, among the subdivisions of Great Wall Motor, only the high-end brand WEY remained sluggish, with sales of only 8701 vehicles in September, down 17.9% from a year earlier. Cumulative sales fell 33.8% year on year. It can be seen that there is still a long way to go for Chinese automobile brands to go up.

SAIC and Changan: Independent Overwhelming Joint Venture

In the first half of this year, SAIC, as Chinas largest automobile group, also faced downward pressure. SAIC, which achieved 7.05 million annual sales last year, adjusted its target to 6.5 million vehicles in the second half of this year.

Among them, the major joint venture vehicle companies which used to be regarded as cash cows have declined in varying degrees, but the brand of self-owned passenger cars has increased considerably since July.

In September this year, SAIC passenger cars sold 57,025 vehicles, an increase of 9.7% over the same period last year; this years cumulative sales volume was 47,1765 vehicles, down 7.3% over the same period last year. However, compared with joint venture brands such as SAIC Volkswagen, SAIC GM and SAIC GM Wuling, the decline of SAIC passenger cars has been significantly narrowed.

Among them, Rongwei RX5, as the main vehicle, sold 16 702 vehicles in September, an increase of 42% over the previous year. RX5MAX, which was listed at the end of August this year, has played a certain role in promoting overall sales.

Changan, another auto group, is also facing a situation of autonomy over joint venture.

In September this year, Changans own brand sold 74799 vehicles, down 5% from the previous year. Among them, the sales of CS75 vehicles exceeded 20,000 in the same month, an increase of 45.8% over the previous year. Sales in the first three quarters of this year were 57,9979, down 19% year-on-year, a narrower decline than in the first half of this year.

In contrast, the decline of joint venture brands, especially Changan Ford, is particularly obvious. The sales volume in September was only 20905, down 36.7% year on year; the cumulative sales volume in the first three quarters was only 128906, down 57.3% year on year.

BYD: Sales of new energy have been slashed

According to sales data released by BYD, a total of 40 729 cars were sold in September, down 14.99% from the same period last year, of which 13 681 were sold for new energy vehicles, down 50.97% from the same period last year. In the first three quarters of this year, the cumulative sales of 335795 vehicles fell by 4.49% compared with the same period last year. Among them, the sales of 192620 new energy vehicles increased by 34.3% compared with the same period last year.

In the segment market of new energy vehicles, BYDs sales of pure electric vehicles in September were 7359, down 39.3% from the same period last year, and plug-in hybrid vehicles were 5689, down 46.9% from the same period last year.

BYDs new energy automobile business has been impacted obviously since the decline of new energy automobile subsidies in the second half of this year. In July, August and September this year, BYDs sales of new energy vehicles decreased by 11.8%, 23.4% and 50.97% year on year, showing a significant trend of expansion.

It is worth mentioning that in September this year, BYDs sales of new energy vehicles accounted for only 33.6% of the total sales. In the first half of this year, BYDs total sales of new energy vehicles reached 146,000, up 94.5% year-on-year, accounting for 63.8% of all cars sold.

Nevertheless, BYD still has a 24% share of Chinas new energy automobile market. On October 1st, BYD announced that its new energy passenger car sales exceeded 700,000. Among them, Song family became the biggest pillar of BYD, with sales exceeding 20,000 vehicles per month.

From the overall trend of new energy vehicle sales this year, its growth still depends on policy-driven rather than market-driven. In March this year, the four ministries and commissions issued the Notice on Further Perfecting the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles, and set a transitional period of three months. The new policy puts forward higher requirements for the endurance mileage of pure electric vehicles and energy consumption of plug-in hybrid vehicles. A number of new energy vehicles that fail to meet the standard will lose the eligibility for subsidies, thus having a significant impact on new energy automobile enterprises including BYD.

On the other hand, compared with the head car companies of independent brands, the situation of 23rd is more difficult under the impact of the cold wave. Recently, Ping An Bank conducted bankruptcy investigation on four independent automobile enterprises, including Zhongtai, Lifan, Cheetah and Huatai. Although the four auto companies have issued a rumor statement one after another, indicating that rumors of bankruptcy are not true. However, the serious operational difficulties faced by the above-mentioned automobile enterprises are indisputable.

Source: Editor-in-Charge of Observer Network: Chen Hequn_NB12679