Silver ten Carnival continues! The year-on-year growth rate of domestic automobile production and sales exceeded 10percent

category:Finance
 Silver ten Carnival continues! The year-on-year growth rate of domestic automobile production and sales exceeded 10percent


Photo source: Travel Association

According to the Travel Association, due to the current stable macroeconomic environment, there are individual signs of epidemic factors, consumers personalized choice for winter travel drives relatively high enthusiasm for buying cars, and the current strong retail market also brings stable sales confidence of dealers. Therefore, the pace of delivery of dealers is also accelerated, forming a better monthly sales rhythm, thus improving the growth rate at the beginning of the month The final sprint pressure is reduced.

In terms of wholesale sales, in the first week of November, wholesale sales of major manufacturers reached an average of 40000 vehicles a day, an increase of 8% over the same period of last year. Affected by the low wholesale volume of manufacturers during the National Day in early October, the first week of November increased by 136% compared with the same period in October. From the perspective of purchasing rhythm, the operation of domestic passenger car market channel has improved significantly.

Photo source: Travel Association

It is worth mentioning that under the accelerated recovery of the car market, favorable policies are still increasing. On November 18, the executive meeting of the State Council made it clear that to firmly implement the strategy of expanding domestic demand, further promote large-scale consumption and key consumption, and release the potential of rural consumption, we should first stabilize and expand automobile consumption.

Prior to this, Hainan, Xinjiang, Kunming and other places have issued car consumption stimulus policies. For example, on November 2, Hainan Province introduced a new regulation that real estate can participate in the lottery of passenger car increment index.

According to the passenger Federation, China entered the winter peak sales period of passenger car market in November, and its core driving force is the continuous year-end increment of low-cost independent brands. At the same time, under the influence of the epidemic situation, this years new product launch rhythm will be extended to the third quarter, and the real volume will be up to the fourth quarter. With the time approaching, the effect of the last bus purchase policy is more obvious. In addition, there are 21 working days in November, which is the same as that in November 2019, and 4 working days more than that in October. Therefore, the driving force of vehicle market sales growth is relatively large.

Wang Jing, a researcher at Zheshang Securities Co., Ltd., analyzes that the domestic passenger car sales volume has achieved positive growth for four consecutive months. From the retail data, it can be seen that the sales growth of the third, fourth and fifth tier cities has picked up, and the downstream demand has fully recovered. It is expected that the domestic passenger car sales in the fourth quarter of this year are expected to grow by more than 10% year-on-year, and the growth rate of domestic passenger car sales in 2021 is expected to reach 13% - 15%.

Auto sales hit a new year high in October

The domestic auto market has maintained a double-digit growth rate for six consecutive months

According to the data of China Automobile Association, the production and sales of Chinese automobile reached 2552000 and 2.573 million vehicles respectively in October, with an increase of 0.9% and 0.1% on month basis, respectively, with an increase of 11.0% and 12.5% respectively on a year-on-year basis. By the end of October, domestic automobile production and sales have been growing for 7 consecutive months, and the sales growth rate has been maintained at more than 10% for six consecutive months.

Photo source: CAAC

From the perspective of the passenger car Association, the growth rate of the national passenger car market maintained a strong trend from July to October, first of all, thanks to the faster than expected recovery of the macro-economy and export market, especially the strong performance of Chinas export under the background of the European and American epidemic situation, which stabilized consumer confidence. The second reason is that the car market base is relatively low after the implementation of national sixth in July last year. In addition, the retail sales of new energy vehicles doubled and recovered significantly, which also promoted the strength of the automobile market.

From the perspective of models, SUV is still the most popular, with a year-on-year growth of 9.8% in October, and the sales gap between SUVs and cars has further narrowed. Car sales also maintained a rapid growth rate, with a year-on-year growth of 8.8%, while MPV fell sharply by 10.1%.

It is worth mentioning that the performance of domestic new energy vehicle market is particularly outstanding in October, and the production and sales of single month have broken the historical record of that month for the fourth consecutive month. According to the data of CAAC, the domestic production and sales of new energy vehicles in October were 167000 and 160000, respectively, up 69.7% and 104.5% year-on-year.

Benefited from the outstanding performance in recent months, the decline in cumulative sales of new energy vehicles in the first 10 months of this year has been significantly narrowed. The production and sales of new energy vehicles decreased by 1.9-9.9% and 10.9% respectively compared with the same period of last year.

Photo source: CAAC

With regard to the development of the national passenger car market in November, the passenger Federation predicted that the current domestic epidemic situation was stable, the economy continued to warm up, the consumer confidence and purchasing power of residents were restored, and the car market would continue to recover strongly. But under the influence of the epidemic situation, this years new product launch rhythm will continue to the third quarter. In addition, Beijing has increased the number of new energy vehicles by 20000, and Shanghai has a strong rush to buy new energy vehicles. In addition, enterprises still have a strong pursuit for the production and sales of new energy vehicles. It is expected that the domestic new energy vehicle market will continue to grow at a month on month basis at the end of the year.

Luxury car market continues to boom

In October, the performance of domestic luxury car market was still bright.

Photo source: Travel Association

It is worth noting that although the domestic luxury car market continues to maintain strong growth characteristics, its retail sales in October fell by 6% compared with September. In this regard, the SFC believes that the demand for high-end exchange of domestic car market consumption upgrading is still strong, but the lack of supply in October led to the production of some luxury brands being much lower than that of retail, which temporarily inhibited the growth of retail end.

Specifically, BBA (Mercedes Benz, BMW and Audi) still occupy the C position in the domestic luxury car market. Audi, in particular, won the top three in domestic luxury car sales in October at one stroke: Audi A6L won the first prize of luxury car sales in October with a sales performance of about 16700, followed by Audi A4L and Audi q5l with nearly 14500 and 14400 respectively.

In October, the top 10 luxury car sales in China were still dominated by BBAs products, with BMW occupying 4 seats, Mercedes Benz and Audi occupying 3 seats respectively. Some analysts believe that the reason why BBAs sales volume remains high is mainly due to the increasing investment of automobile enterprises in the Chinese market, thus obtaining accurate control of the market, and then targeted product layout and launch. In addition, in order to meet the needs of more consumer groups, mainstream luxury brands further play their price advantages and lower the entry threshold of luxury cars through product localization and entry-level model layout.

Photo source: Photo by reporter Zhang Jian

In October, the second camp of domestic luxury cars also made a brilliant performance. Cadillac sold about 25300 new cars in October, a year-on-year increase of 81%, surpassing Lexus and holding the position of overlord in the second camp of domestic luxury cars. Since the beginning of this year, Cadillac has experienced a switching period between new and old products. With the launch of new cars such as cT4 and CT5, Cadillac has formed a relatively complete product matrix of Car + SUV. After a short period of fluctuation, Cadillacs sales are getting better and better.

After Cadillac, Lexus sold nearly 23600 new cars in October, among which es model became its mainstay with 10000 sales results.

In October, Volvo performed well in the Chinese market, with terminal sales of about 16700 vehicles, up 19% year-on-year. From January to October, Volvos cumulative sales volume in China was close to 130000, with a year-on-year increase of 5.3%.

It is worth mentioning that while the luxury car market is growing rapidly, luxury car companies are still constantly replenishing products and seeking new growth points. Not only that, under the influence of the trend of electrification and intellectualization, luxury car enterprises are also actively layout, and the market competition has expanded to the new track.

For example, the BMW visionnext mass production model, pure electric bmwix, has been launched in the world recently, and will be officially put on the market in mass production next year. Before that, the BMW pure electric ix3 has been launched, and Mercedes Benz EQC and Audi e-tron have also been put on the market. So far, BBAs first pure electric vehicle in the Chinese market has been completed. Lexus also launched the first pure electric vehicle model ux300e in China this year.

Photo source: provided by the enterprise

In recent years, the supply of domestic luxury cars has been continuously enhanced, and high-level quality output has been maintained. Consumers have a high degree of recognition for localization. The layout of luxury car product matrix represented by the top three German brands has been increasingly improved, which further promotes the market growth of luxury cars. From the channel level, the best dealers aim to operate luxury brands, which will also help the sales of luxury cars further increase. Cui Dongshu, Secretary General of the national passenger car Association, said.

Japanese car market share surpasses German series

The fastest growth in sales of American cars

In October, the biggest highlight of the joint venture brand car market was that Japanese cars surpassed German cars in market share. The sales volume of Japanese cars in October was about 478500, with a year-on-year increase of 18.1% and a market share of 24%. German cars sold about 4745000 in October, up 1% year on year, with a market share of 23.8%.

Photo source: Travel Association

In terms of Honda brand, thanks to the increase in sales of new cars such as new fit and haoying, as well as the continuous development of accord, civic and c-rv models, the sales volume of the two joint ventures in China saw double-digit growth in October.

In terms of German cars, relying on the three major brands of Volkswagen, Audi and Jetta, FAW Volkswagen became the only passenger car enterprise with a monthly sales of more than 200000 vehicles and a market share of more than 10%, and still ranked first in the sales volume of domestic passenger car enterprises. The sales volume of SAIC Volkswagen in October was about 150000, accounting for 7.5% of the market, ranking the second in the sales list of domestic passenger car enterprises in that month.

After August and September, American Series cars once again became the most outstanding category in China. According to the data of the Travel Association, the sales volume of American cars exceeded 180000 in October, up 26.1% year-on-year, and continued to lead the market in various countries.

SAIC GM continued the growth posture of last month, and its sales volume increased by 16.1% year-on-year in October. Among them, Cadillacs sales volume in October was about 25300, which continued to rank first in the second camp of domestic luxury cars; the sales volume of Buick brand in October was 99100, with a year-on-year increase of 27%.

In addition, the sales volume of Changan Ford and Lincoln brands increased by 18.5% and 103% respectively year-on-year in October. Some people think that the important reason for the sales growth is that Ford and Lincoln speed up the product upgrading and model introduction, as well as the adjustment in positioning.

According to the data, the sales volume of Korean cars in October was about 72500, down 10.2% year-on-year. However, driven by new cars such as Dongfeng Yueda Kia K5 Kaiku, Beijing Hyundai new Sonata and Elantra, the decline in sales of Korean cars in October was narrowed.

Photo source: Photo by reporter Sun Tongtong

The sales volume of French cars in October was only 4614, a year-on-year decrease of 58%, and the decline rate was further expanded, and the market share was only 0.2%, which continued to be at the bottom. It is worth noting that DPCA launched the yuan + plan at the end of October, focusing on four aspects of products, marketing, service and operation, in order to bring the French car back to the track, but the effect of the plan remains to be observed.

Industry analysis shows that in the case of stock competition, the concentration of the domestic automobile market is constantly increasing, and gradually inclines to the top brands. Consumers also pay more and more attention to brand image, product reputation, etc., and automobile consumption tends to be more rational. In this context, the market performance of Japanese brands is more prominent, and the weak automobile brands are facing the possibility of being eliminated.

The proportion of independent market broke the red line of 40% for the first time this year

The strength of head auto enterprises has gradually increased

According to the data of CAAC, in October, the sales volume of self owned brand was about 869000, with a month on month increase of 10% and a year-on-year increase of 12.4%, accounting for 41.2% of the total sales volume of passenger cars. This is the first time that independent brands have broken the red line of 40% market share this year.

However, in the first 10 months of this year, the cumulative sales volume of self owned brands was about 5.752 million, a year-on-year decrease of 14.1%, accounting for 37.1% of the total sales volume of passenger cars and a year-on-year decrease of 1.8%.

In October, in the top 15 list of domestic narrow passenger car retail sales, independent brands occupied 4 seats. Among them, Geely Automobile rose 1 to 4 compared with September, Changan Automobile and Great Wall Motor remained in the sixth and seventh places, while Chery Automobile rose to 13th from 15th in September.

Photo source: Travel Association

Second runner up Great Wall Motors is catching up. Great Wall Motors sold about 107000 vehicles in October, only about 600 less than Changan. In the first 10 months of this year, the cumulative sales volume of Great Wall Motors was about 597000, down 12.5% year-on-year. At present, Great Wall Motors has achieved 58.5% of the annual sales target of 1.02 million vehicles.

Photo source: Daily Economic News

With the help of golden nine silver ten traditional peak season, the performance of the second camp of independent brands is also commendable. The sales volume of SAIC passenger cars in October was about 70000, which is also the highest monthly sales performance of SAIC passenger cars since its establishment.

This is due to SAICs new strategy of Roewe and Mg brands implemented this year, as well as the launch of a new high-end electric brand r standard. Under the brand renewal strategy, SAIC has launched many new products, such as Roewe imax8, Mg pilot and MG5.

Cherys sales in October were also eye-catching. According to the official data of Chery holding group, the sales volume of Chery holding group in October was about 88000, including about 55000 Chery vehicles. In October, new cars were launched in all parts of Chery. For example, in terms of high-end layout, Starway has launched a new generation of TXL; Chery has launched Ruihu 8plus; jietu has launched x70plus; Chery new energy has launched a new Ruihu e, all of which have brought growth momentum to Chery.

BYD sold about 48000 vehicles in October, including 23000 new energy vehicles and 25000 fuel vehicles. It is worth noting that BYDs share price has continued to rise recently. During October, BYDs share price rose by about 60 yuan per share.

In this regard, Huaxi Securities research paper believes that BYD has more positive news in the near future, and the external supply of power battery products will gradually enter the cashing period, which is conducive to BYDs long-term development. At the same time, BYD will also release the fourth generation hybrid technology platform (dm4.0) within the year. Based on this platform, BYD will launch a number of models.

On the whole, the strength of head independent brands is gradually increasing, and they are constantly consolidating their market position based on the advantages in different fields. Near the end of the year, the industry will wait to see how the final qualifying results of independent car companies will be.

Rapid growth of high-end models

In October, Chinas SUV market continued to lead the sports car market and the market share continued to increase. Among them, independent SUVs began to warm up, joint-venture SUVs intensified differentiation, Japanese scenery reappeared, while German SUVs remained lonely.

According to the data of the Travel Association, the domestic SUV production in October was about 968000, with a year-on-year increase of 8.2%; the retail sales volume was about 937900, with a year-on-year growth of 9.9%. This is the first time since this year, the growth rate of SUV production is lower than that of car market, but the sales growth still keeps ahead.

In the first 10 months of this year, the cumulative output of Chinas SUV market was about 7.0887 million, a year-on-year decrease of 3.7%; and the cumulative retail sales volume was about 6.937 million, a year-on-year decrease of 5.3%. Although the cumulative production and sales volume of SUV market in the first 10 months of this year showed a downward trend, the decline rate of SUV market was further narrowed compared with that before, which was still better than that of sedan and MPV markets.

Drawing by sun Tongtong

In fact, since this year, the SUV market has grown steadily. In October, its market share was 47.1%, up from the previous three quarters. From January to October, the market share of SUV was 46.3%, 2% higher than that of the whole year of 2019.

Among them, the growth rate of high-end SUVs is the fastest, which is basically consistent with the trend of Chinas automobile consumption upgrading. According to the data, in October this year, the sales volume of SUVs with a price of 300000 yuan or above increased by 35.9% year-on-year, accounting for 4.7% of the total passenger car market sales, and the market share increased by 0.8% compared with the same period last year; the sales volume of SUV models with less than 300000 yuan increased by 7.6% year-on-year, accounting for 42.4% of the overall passenger car market sales.

In October, the sales of SUVs continued to rise. In the top 10 SUV sales list in October, the sales of 8 models showed a growth trend. However, compared with the previous months, the growth rate of hot selling models slowed down. Only Honda CR-V, Haval H6 and Changan cs75 had double-digit growth, with a year-on-year growth of 42.5%, 28.8% and 22.1% respectively.

Drawing by sun Tongtong

It is worth noting that the autonomous SUV began to show signs of warming up. In October, the sales volume of independent SUVs was 467000, with a year-on-year increase of 2.5%, and the market share was 23.4%, 1.8% higher than that of last month, but still 1.3% lower than that of the same period last year.

In the top ten list of SUV sales in October, independent SUVs not only increased one seat compared with last month, but also accounted for half of the country, and the sales of all models were positive growth. Among them, Haval H6 continues to be the champion with a leading advantage of 20000 vehicles. Changan cs75 surpasses Honda CR-V in the second place with the advantage of nearly 3000 vehicles, and Honda CR-V ranks third. Changan cs75 and Honda CR-Vs annual runner up competition is still in focus. Boyle was three places ahead of last month and ranked fourth on the list; BYD song was once again in the top ten after months of absence.

In contrast, the performance of joint venture SUVs was relatively flat in October, and the differentiation was intensified. Among them, the style of Japanese models remains the same, occupying four places in the top ten list of SUV sales in October, namely Honda CR-V, Xiaoke, Honda xr-v and Qijun. In the fierce market competition, Tan Yue lost to Qijun with a weak disadvantage of less than 200 vehicles, with a year-on-year decline of 26.5%, and it was not included in the top ten list. As a result, only Tiguan l remained in the top ten list of SUV sales in October, and the sales decline further expanded to 15.1%.

At present, the competition in SUV segment market is increasingly fierce. Taking the top ten SUV sales list in October as an example, the sales gap between other models is not obvious, and the competition intensity can be seen.

MPV market share shrinks again

New car companies head to head

According to the data of the Travel Association, the domestic MPV sales volume in October was about 107000, with a year-on-year decrease of 10.0% and a month on month growth of 2.1%, with a slowdown in the growth trend of sales; from January to October, the cumulative sales volume of domestic MPV was about 841000, a year-on-year decrease of 25.4%, and the decline rate continued to narrow.

The same as last month, domestic MPV market is still the only segment market with year-on-year sales decline in October, and the year-on-year decline rate is further expanded. According to the data, the domestic MPV market share was 5.4% in October, down 0.2% from the previous month; from January to October, the domestic MPV market share fell to 5.6%, but the overall market space is tending to be stable.

Photo source: Travel Association

From the perspective of sales structure, the continuous decline of MPV sales of independent brands is still the main reason for the overall decline of MPV market. According to the data, in October, the sales volume of independent brand MPV was about 77000, a year-on-year decrease of 14.7%; from January to October, the cumulative sales volume of independent brand MPV was about 592000, with a year-on-year decrease of 30.5%.

It is worth noting that although the sales volume of independent brand MPV continues to decline, its sales share in the overall MPV market is steadily increasing. According to the data, in September, the sales volume of independent brand MPV accounted for 65% of the total sales volume of that month, while the proportion of sales volume of independent brand MPV in October had risen to 72%. Some analysts believe that with the constant efforts of independent brands in the field of medium and high-end MPV, their market competitiveness may be further improved.

Photo source: Travel Association

In terms of specific models, Wuling Hongguang and Buick GL8 were still the top two in the top 10 MPV sales list in October, among which Wuling Hongguang sold 26000 vehicles, ranking first; Buick GL8 followed closely with 14000. However, Wuling Hongguangs sales volume decreased by 20.3% year-on-year in October, and the decline continued to expand compared with the previous month; the sales volume of Buick GL8 increased slightly by 6.3% year-on-year, and the growth rate slowed down.

In addition, the ranking of middle segment models with monthly sales of 3000-5000 vehicles has changed greatly this month. Among them, SAIC Roewe imax8 has achieved 4109 sales results as soon as it is listed, and has successfully ranked in the top 10 of the list. After upgrading, the sales volume of GAC M8 this month was 4646, with a year-on-year increase of 102.1% and a month on month growth of 113.7%, returning to the hot sales camp. The market performance of GAC Honda Odyssey was sluggish, with sales volume of 3587 vehicles in October, down 6.3% year-on-year, and the decline rate was expanded.

Photo source: Travel Association

On the whole, due to the word-of-mouth advantages accumulated by Wuling Hongguang and Buick GL8 for a long time, their market position is temporarily stable. For the new models, the middle section area with monthly sales of 3000-5000 vehicles becomes the best upper attack point, and the competition of this level will enter the white hot stage in the future.

Annual sales are expected to exceed one million

The domestic new energy vehicle market grew more rapidly in October than in September.

According to the data of CAAC, in October, the production and sales of domestic new energy vehicles reached 167000 and 160000 respectively, up 69.7% and 104.5% year-on-year, respectively, breaking the historical record of production and sales in a single month for four consecutive months.

Cartographer: Li Xing

The novel coronavirus pneumonia has been affected by the new energy subsidies and the new crown pneumonia epidemic. The sales of new energy vehicles in China began to turn negative from July this year, and the growth rate continued until the end of October this year.

Compared with the growth rate of the overall new energy vehicle market, the domestic new energy passenger vehicle market showed a particularly strong growth trend in October. According to the data of the passenger Federation, in October, the wholesale volume of domestic new energy passenger vehicles exceeded 144000, with a year-on-year increase of 119.8% and a month on month growth of 15.9%. Among them, the wholesale sales volume of plug-in hybrid electric vehicles was 23000, with a year-on-year increase of 58.6%; the wholesale sales volume of pure electric vehicles was 121000, with a year-on-year increase of 137.2%.

From January to October, the cumulative wholesale volume of domestic new energy passenger cars was about 780000, with a year-on-year growth rate of - 6%. Among them, in October, the wholesale volume of new energy passenger cars exceeded 144000, with a year-on-year increase of 119.8% and a month on month growth of 15.9%.

Under the overall high growth trend, there were 4 enterprises that sold more than 10000 new energy passenger vehicles in October, namely SAIC GM Wuling, BYD, SAIC passenger cars and Tesla China. Among them, SAIC GM Wuling ranked first with sales of about 29700 vehicles; BYD sold about 22400 vehicles, ranking second; SAICs passenger car sales volume was about 12800, ranking the third; Teslas sales volume in China was about 12100, ranking fourth.

Xu Haidong, deputy chief engineer of China Automobile Industry Association, believes that the performance of the new energy vehicle market this year exceeded expectations, which is closely related to Teslas pull on the domestic high-end pure electric vehicle market and the pull of Hongguang miniev, a subsidiary of SAIC General Motors Wuling, on the low-end market.

SAIC GM Wulings excellent performance in the new energy vehicle market is mainly attributed to its newly launched A00 class Hongguang miniev. Data show that in October, Hongguang miniev contributed nearly 70% of SAIC GM Wuling new energy vehicle sales. Not only that, Hongguang miniev has been on the market for only 20 days, and its sales volume has exceeded 15000, which is the fastest new energy vehicle with sales exceeding 10000.

Cartographer: Li Xing

From the above figure, the number of A00 class new energy vehicles in the top 10 of the list in October has further increased. In addition to Hongguang miniev, Euler R1 and Chery EQ, clever, a subsidiary of SAIC passenger cars, has also been included in the list.

With the support of clever, SAIC, which is far from the top three sales of new energy passenger vehicles in China for more than three months, also surpassed Tesla in October, taking the second place in new energy sales of that month.

Cui Dongshu, Secretary General of the national passenger vehicle information association, believes that in the next two months, the domestic new energy vehicle market will continue to maintain the current high growth trend, and the cumulative sales volume of new energy passenger vehicles will turn positive in November.

According to Chen Shihua, Deputy Secretary General of China Automobile Industry Association, from the current development trend of new energy vehicles, it is not difficult for domestic new energy vehicles to sell 1 million vehicles annually.

The CAAC believes that the market demand continues to recover, the industrial cycle continues to improve, the profits of enterprises rise steadily, the employment situation is generally stable, the strategy of expanding domestic demand and various policies to promote consumption are launched, and the domestic overall promotion of epidemic prevention and control and economic and social development has achieved remarkable results, all of which promote the sustained and stable recovery of the automobile consumption market. The situation of the double Autumn Festival is superimposed, and the overall situation of automobile production and sales continues to grow.

With the sustained recovery of consumer confidence, combined with the pull of double 11 Shopping Festival, Guangzhou auto show and new energy going to the countryside, the recovery of domestic automobile market demand will remain stable and good. At the same time, in the next two months, many manufacturers may face the pressure and limitation of score assessment, and then choose to promote new energy vehicles. In the future, the new energy vehicle market will still maintain high-speed development. However, we should also note that the current international environment is still complex and severe, and there is still a lot of pressure on domestic and foreign epidemic prevention and internal anti rebound, which will bring certain challenges to further consolidate market demand. With the countdown to 2020, major car companies have sounded the clarion call of year-end sales, in order to successfully complete the annual sales target. Whats the end result? Lets wait and see. Reporter: Li Shuo Huang Xin Xu sun Tong Li Xing sun Lei Pei Jianru Dong Tianyi editor: Pei Jianru vision: Zou Li typesetting: Pei Jianru Chen Yanxi source: Daily Economic News Author: Li Shuo Huang Xin Xu sun Tongtong Li Xing sun Lei Pei Jianru Dong Tianyi editor: Wang Xiaowu_ NF

With the sustained recovery of consumer confidence, combined with the pull of double 11 Shopping Festival, Guangzhou auto show and new energy going to the countryside, the recovery of domestic automobile market demand will remain stable and good. At the same time, in the next two months, many manufacturers may face the pressure and limitation of score assessment, and then choose to promote new energy vehicles. In the future, the new energy vehicle market will still maintain high-speed development.

However, we should also note that the current international environment is still complex and severe, and there is still a lot of pressure on domestic and foreign epidemic prevention and internal anti rebound, which will bring certain challenges to further consolidate market demand.

With the countdown to 2020, major car companies have sounded the clarion call of year-end sales, in order to successfully complete the annual sales target. Whats the end result? Lets wait and see.

Reporter: Li Shuo Huang Xin Xu sun Tongtong

Li Xing sun Lei Pei Jianru Dong Tianyi

Editor: Pei Jianru

Vision: Zou Li