An article entitled "China's auto sales have grown for the first time in nearly two years" published on the website of the Financial Times on May 11 said that the lifting of the new crown epidemic embargo has released depressive demand and boosted the auto industry. The article is compiled as follows:
In April this year, China's largest auto market, China's car sales, showed its first growth in nearly two years. According to the China Association of Automobile Manufacturers, commercial vehicle production and sales in the Chinese auto industry hit a record high in April 2020, while passenger vehicle sales still fell 2.6% year-on-year.
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China Automobile Association said that China's auto sales will continue to decline for the third consecutive year. The association said that the "optimistic" estimate is a decline of 15%, while the worst case is a contraction of 25%.
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The China Automobile Association also emphasized that due to the global impact of the new coronary pneumonia pandemic, it is possible that production will be stalled, and the supply chain of imported auto parts is at risk of being interrupted.
Zhang Yu, founder of Shanghai Zhizhi Automobile Consulting Company, said the figures in April were a "very good sign", especially considering the increase in sales of sports utility vehicles (SUVs), which had previously been the growth of the automotive industry. A driving factor.
Zhang Yu said he is paying attention to signs that demand will continue to exist next month to determine whether the rebound is sustainable. He said: "If car buyers want a car to provide protection for their daily commute, then we should see a surge in sales of low- and mid-end cars in May. This will be a good sign for this year."
However, electric vehicle sales continue to lag behind. In April, sales of new energy vehicles-including hybrid electric vehicles and pure electric vehicles-fell 26.5% year-on-year, continuing the sluggish performance that began in July last year.
But global automakers have emphasized that China is a bright spot in a terrible market.
Volkswagen, the world’s largest automaker, said last week that China’s demand was close to the same period last year. China is the company's most profitable market.
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Nissan's sales in China in April increased by 1.1% year-on-year. The company praised this to prove that "China's overall epidemic situation has been controlled."
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