The following is the It is estimated that the sales volume of electric vehicles in China will increase by more than 50% in 2021 From Canalys recommended by recordtrend.com. And this article belongs to the classification: New energy vehicle industry, Automobile industry.
According to the latest research data of canalys, 1.3 million electric vehicles will be sold in China in 2020, up 8% year on year, accounting for 41% of global electric vehicle sales. Canalys forecasts that 1.9 million electric vehicles will be sold in China in 2021, up 51%, accounting for 9% of total vehicle sales in China.
Sandy Fitzpatrick, vice president of canalys, said that electric vehicles accounted for only 6.3% of China’s total passenger car sales in 2020, and will usher in growth in the coming years.
The following is the full text of canalys report:
In 2020, a total of 1.3 million electric vehicles will be sold in the Chinese market, with a year-on-year growth of 8%, accounting for 41% of the global sales of electric vehicles.
In 2021, China will sell 1.9 million electric vehicles, an increase of 51%, accounting for 9% of China’s total auto sales.
@Chris Jones: Tesla Model 3 and Hongguang Mini will be the market leaders of electric vehicles in 2020. China’s electric vehicle market in 2021 has a bright future.
@Sandy Fitzpatrick: electric vehicles account for only 6.3% of China’s total passenger car sales in 2020, and will grow in the years to come.
According to the latest research data of canalys, a record 1.3 million electric vehicles will be sold in China in 2020. However, the year-on-year growth rate is relatively average, only 8%. By contrast, sales of electric vehicles in the global market will soar by 39% in 2020.
Canalys has written a new digital report “electric vehicle Outlook: 2021 and beyond”, which released detailed sales data, forecast and analysis of electric vehicles in the global market, focusing on several major markets including China.
The Chinese government has been actively supporting the transition to electric vehicles, but in recent years, several changes in policies related to electric vehicles and consumer subsidies have disrupted the market, and it is difficult for automobile manufacturers to form sales momentum. Chris Jones, chief analyst of canalys automotive industry, said: “in 2020, the two biggest bright spots of China’s electric vehicle market are Tesla Model 3 made in China and Hongguang mini electric vehicle launched by SAIC GM Wuling, a joint venture between SAIC, GM and Wuling. The former is the market leader in the first half of 2020, while the latter is the market leader in the second half of 2020. It was only launched in the middle of last year. If it had not been for the success of these two completely different electric vehicles, China’s electric vehicle market would have fallen in 2020. These two electric vehicles together account for one fifth of the total sales of electric vehicles in the Chinese market. “
In 2020, China will sell 1.3 million electric vehicles, accounting for 41% of global electric vehicle sales, second only to Europe, which accounts for 42% of global electric vehicle sales. China’s share of the electric vehicle market is still far ahead of that of the United States; in the U.S. market, the sales volume of electric vehicles will only account for 2.4% in 2020.
“China’s electric vehicle market has a bright future in 2021,” Jones said. China already has an excellent standardized charging pile network for public electric vehicles, which has been strongly supported by the government, and now it has strong consumer demand again. ” Tesla has begun to deliver model y made in China. The production of Hongguang mini electric vehicles has increased to meet the market demand, especially the demand of young urban consumers in China. It turns out that other cheaper small city cars are also popular, such as the Baojun e series of SAIC GM Wuling and the ora R1 electric car of Great Wall Motors. The ora R1, hailed as the cheapest electric vehicle in the world, will soon be sold in India, which accounts for less than 0.5% of the total car sales in 2020. Canalys forecasts that 1.9 million electric vehicles will be sold in China in 2021, up 51%, accounting for 9% of total vehicle sales in China.
Sandy Fitzpatrick, vice president of canalys, said: “with electric vehicles accounting for only 6.3% of China’s total passenger car sales in 2020, there will be growth in the coming years. But as Tesla expands its product line in China, competitors offering high-end electric vehicles will struggle to capture market share. With this in mind, some Chinese automakers are already looking for development opportunities in other parts of the world, especially in Europe. “
At present, China is still the largest automobile market in the world. In 2020, China’s market will account for 30% of the total global car sales, up from 27% in 2019. In 2021, the overall sales volume of China’s automobile market will resume growth.
El Boletin: China’s electric vehicle stock is higher than the sum of the United States and the European Union Mackenzie: it is estimated that the annual sales of electric vehicles in the world will reach 45 million in 2040. It is estimated that the silicon carbide power semiconductor required by electric vehicles will account for nearly 40% of the whole industry in 2025 Auto Association of China: Sales of 28000 pure electric vehicles in August 2016 doubled year on year Weilai: telephone conference record of 3q20 financial report will be released soon car Weilai: gross profit margin of 3q20 financial report 14.5% Q4 delivered 5600 + second generation platform NT2 is absolutely ahead Li Bin is very confident: Korean automobile manufacturers association: from January to April 2020, the sales volume of electric vehicles in Korea increased by 40.1% year on year. Weilai: 3q20’s revenue was 4.526 billion yuan, exceeding the expectation. Ideal car: 3q20’s total revenue was 2.511 billion yuan, increasing by 28.9% year on year. Xiaopeng: 3q20’s revenue was 1.99 billion yuan, increasing by 342.5% year on year
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