It is estimated that the delivery volume of electric vehicles in China will increase by more than 50% and the market share will exceed 20% in 2022 From fitch
The following is the It is estimated that the delivery volume of electric vehicles in China will increase by more than 50% and the market share will exceed 20% in 2022 From fitch recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.
Fitch said on Monday that China’s electric vehicle market had a “bright future” given that demand remained strong, and expected that the wholesale delivery of electric vehicles in China would increase by more than 50% and the market share would exceed 20% in 2022. Fitch said that despite the recent rise in the price of electric vehicles due to soaring battery costs, China’s delivery may remain strong in the coming months due to a large backlog of orders.
However, Fitch warned that the impact of the recent price rise on China’s low-end electric vehicle sales may be greater than that on high-end electric vehicles, because consumers who buy affordable electric vehicles are more price sensitive.
“At the beginning of 2022, the cost pressure on electric vehicle manufacturers increased as battery suppliers tried to pass on soaring raw material costs… By changing the contract term from year to quarter,” Fitch said
According to Fitch, some Chinese electric vehicle manufacturers expect car battery prices to rise by about 30% in the second quarter from a year earlier.
Due to the shortage of chips and the rising cost of raw materials, leading electric vehicle manufacturers including Tesla, Xiaopeng automobile and BYD have recently raised prices in China.
More reading: canalys: in the first half of 2021, the world’s top five electric vehicle manufacturers ranked third in SAIC GM Wuling. China Automobile Industry Association: a brief description of the operation of the automobile industry in May 2021. Analysis of the automobile market in Beijing in January 2020. China Automobile Circulation Association: China imported automobile market monthly report in April 2020. China Automobile Circulation Association: 57 authorized 4S stores were added for luxury brands in the first quarter of 2020, 41 4S stores were withdrawn from the network. China Automobile Circulation Association Meeting: in March 2020, the sales volume of domestic narrow passenger car market reached 1045000, with a year-on-year decrease of 40.4%. Ministry of Commerce: from January to may 2020, China exported 373000 vehicles of natural energy : about 20% of electric vehicle buyers have re selected the traditional internal combustion engine car coltura: 10% of American drivers consume 1 / 3 of the fuel. China Automobile Industry Association: the total import and export volume of automobile goods in August 2021 was US $16.95 billion. Passenger Association: analysis of opportunities for the coordinated development of plug-in hybrid and pure electricity. China Automobile Circulation Association: a brief analysis of the used car market in December 2021 and throughout the year to win the competition: China’s automobile market is changing direction (with download) China Automobile Circulation Association: car market scanning analysis from November 8 to 14, 2021 McKinsey: Asian consumers lead the future of mobile travel
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