Original title: analysis of the Market situation and Competition pattern of China's Automobile Industry in 2020 Source: prospective Industrial Research Institute

China's automobile production and sales in 2020 totaled more than 25 million vehicles.

From 2011 to 2017, China's automobile production and sales are in a growing trend. In 2018, China's automobile production was 27.809 million and automobile sales were 28.081 million, down 4.16% and 2.76% respectively from the same period last year. In 2019, the pressure on China's automobile industry further increased, with the production and sales of 25.721 million and 25.769 million vehicles respectively, down 7.5% and 8.2% respectively over the same period last year, and an increase of 3.3 and 5.4% respectively over the previous year.

In 2020, the sudden COVID-19 epidemic pressed the "pause button" for the automobile industry. Under the huge impact, the whole industry was in the same boat. Braving difficulties, we will resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council, firmly promote the resumption of work and production, speed up the transformation of marketing methods, actively promote automobile consumption, the automobile market has gradually recovered, and the growth rate of production and marketing for the whole year has steadily dropped slightly. The impact of the epidemic has been basically eliminated, and the automobile industry as a whole has shown strong development resilience and endogenous driving force. In 2020, China's automobile production and sales completed 25.225 million and 25.311 million respectively, down 2 per cent and 1.9 per cent respectively from the same period last year, or 5.5 and 6.3 percentage points lower than the previous year.

2. China's passenger vehicles continue to weaken, while the proportion of commercial vehicles increases.

From 2010 to 2016, the proportion of passenger vehicles in automobile production and sales in China showed an upward trend, reaching 86.85% and 86.97% respectively in 2016, while since 2017, passenger vehicles have continued to weaken, and commercial vehicles are more optimistic than passenger vehicles in terms of growth. In 2019, the production and sales of passenger cars completed 21.36 million and 21.444 million respectively, with production and sales falling by 9.2% and 9.6% respectively compared with the same period last year. The proportion of automobile production and sales reached 83.05% and 83.22% respectively, lower than 1.5 and 1.2 percentage points of the previous year's production and sales respectively.

By 2020, the production and sales of passenger cars in China had completed 19.994 million and 20.178 million respectively, down 6.5% and 6% respectively from the same period last year, and the decline rate was 2.7% and 3.6% lower than that of the previous year. The proportion of passenger car production and sales in automobile production and sales reached 79.3% and 79.7% respectively, which was 3.7 and 3.5 percentage points lower than that of the previous year.

In 2020, driven by factors such as automobile elimination, tightening of overload control and infrastructure investment, the production and sales of commercial vehicles increased significantly for the whole year. In 2020, the production and sales of commercial vehicles completed 5.231 million and 5.133 million respectively, exceeding 5 million for the first time, a record high. the production and sales of commercial vehicles increased by 20.0% and 18.7% respectively over the same period last year, an increase of 18.1% over the previous year. Last year, it changed from negative to positive.

3. The concentration of China's automobile industry is increasing.

From January to December 2019, the total sales of the top 10 enterprise groups in car sales were 23.294 million, down 6.7% from the same period last year, which was 1.5 percentage points higher than the growth rate of the industry. The car sales of the top 10 enterprises accounted for 90.4% of the total car sales, 1.2 percentage points higher than the same period last year.

By 2020, the total sales of the top 10 Chinese enterprise groups in car sales were 22.644 million, down 2.3% from the same period last year, accounting for 89.5% of total car sales, down 0.4% from the same period last year.

According to the statistical analysis of the China Association of Automobile Manufacturers, the top 10 manufacturers of passenger cars in China in 2020 are FAW-Volkswagen, SAIC-Volkswagen, SAIC General Motors, Geely Automobile, Dongfeng Nissan and Chang'an Automobile.、 Great Wall Motor, Dongfeng Honda, Shangtong Wuling, Guangzhou Automobile Honda.

Among them, FAW-Volkswagen ranked first in passenger car sales in 2020, with annual sales of 2.11 million vehicles. In addition, among independent brands, Geely Automobile, Changan Automobile and Great Wall Motor were among the top 10, with sales of 1.248 million, 942000 and 836000 respectively.

The top 10 Chinese commercial vehicle sales companies in 2019 are Dongfeng Corporation, BAIC Foton, SAIC GM Wuling, FAW and Sinotruk., Jianghuai, Jiangling, Changan Automobile, Shaanxi Automobile Group and Great Wall Motor sold 571000, 527000, 418000, 351000, 296000, 253000, 237000, 223, 000, 187, 000 and 149, 000 respectively.

Compared with the previous year, the sales volume of Jiangling shares decreased rapidly, Sinotruk, Changan Automobile and Jianghuai shares declined slightly, and the other six enterprises all showed a slight increase. In 2019, the above 10 companies sold a total of 3.212 million vehicles, accounting for 74.3 per cent of total commercial vehicle sales.

4. the number of cars in China exceeded 280 million in 2020.

From 2012 to 2019, the number of cars in China has increased year by year, with an annual compound growth rate of nearly 12%. At the end of 2019, there were 261.5 million civil vehicles (including 7.62 million three-wheeled vehicles and low-speed trucks), an increase of 21.22 million over the end of the previous year, of which 226.35 million were private cars, an increase of 19.05 million. The number of civilian cars was 146.44 million, an increase of 11.93 million, of which 137.01 million were private cars, an increase of 11.12 million.

By the end of 2020, the number of cars in China had reached 281 million, an increase of 8.1 percent over the same period last year, surpassing the previous world record of 278 million set by the United States. However, due to the increase in car ownership in the United States in the past two years, China is basically the same as the United States in 2020, ranking first in the world.

For the above data and analysis, please refer to the forward-looking Industrial Research Institute's report on demand Forecast and Investment Strategic Planning of China Automotive Manufacturing Industry. At the same time, forward-looking Industrial Research Institute provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment, IPO investment and other solutions.