New energy vehicles increased sales by 111.5% in the first half of this year

According to the latest data released by the China Association of Automobile Manufacturers, China's new energy vehicles completed sales of 412,000 units in January-June, an increase of 111.5% year-on-year. Among them, pure electric vehicles sold 313,000 vehicles, an increase of 96.0%; plug-in hybrid vehicles accumulated sales of 99,000 vehicles, an increase of 181.6%. According to the trend of strong market in the second half of the year, it is estimated that the production and sales volume of new energy vehicles will exceed 1 million units.

新能源汽车今年上半年销量增111.5%

According to statistics from the China Automobile Industry Association, from January to June, China's auto sales reached 1,406,600 units, a year-on-year increase of 5.6%. The growth rate was 1.8 percentage points higher than the same period of the previous year. The overall performance was better than expected at the beginning of the year. Among them, passenger cars achieved sales of 11.775 million, an increase of 4.64%; commercial vehicles completed sales of 2,291,100, an increase of 10.6%.

In the first half of this year, China's auto exports showed rapid growth. From January to June, auto companies exported 512,000 vehicles, a year-on-year increase of 29.4%. Among them, passenger vehicle exports reached 374,000, an increase of 37%; commercial vehicle exports 138,000, an increase of 12.6%

According to market trends, it is highly probable that the annual production and sales volume will exceed one million units. However, behind the hot market, a large number of new energy auto companies are under tremendous pressure.

The reduction in subsidies for new energy vehicles not only seriously affects the passenger car industry, but also the sales volume and structure of passenger car and logistics vehicle companies. After the subsidies fell back, the sales of new energy vehicles in some enterprises declined, the profits of new energy vehicles fell, and due to the long period of subsidy payment, it was unable to timely hedge the accounts and affect the cash flow of enterprises.