Original title: analysis on the Development status and Competition pattern of China's New Energy vehicle Market in 2020BYD、Wuling、TeslaTop three
In 2020, the production and sales of new energy vehicles completed 1.366 million and 1.367 million respectively, rising from 2019 to positive growth. Among them, new energy passenger cars occupy the main market, accounting for more than 90% of production and sales. According to the mode of energy supply, pure electric vehicles account for more than 80% of production and sales, plug-in hybrid vehicles account for less than 20% of production and sales, and fuel cell vehicles account for less than 0.1%. Judging from the sales of the top ten new energy passenger cars, BYD,SAICGM Wuling and Tesla, Inc. ranked among the top three in sales.
Production and sales have rebounded from 19 years, with production and sales of 1.366 million and 1.367 million vehicles in 2020.
Benefiting from the preferential policies, China's new energy vehicle market began to develop rapidly in 2016, and the production and sales of new energy vehicles increased sharply; then, affected by the retrogression of subsidies in 2014 and 2017, the growth rate of production and sales slowed down. The output of new energy vehicles reached 1.242 million in 2019, the first annual decline since the new energy vehicle industry was vigorously promoted in 2009. At present, in order to alleviate the impact of the epidemic on the new energy vehicle industry, China has postponed the subsidy policy until 2021, and the development of the industry is gradually recovering. According to the statistics of the China Association of Automobile Manufacturers, the output of new energy vehicles reached 1.366 million in 2020, which is higher than that in 2019.
Through the cultivation of the whole industrial chain of new energy vehicles over the years, various links have gradually matured, rich and diversified new energy vehicle products continue to meet the market demand, and the use environment is also gradually optimized and improved. Under these measures, new energy vehicles are more and more recognized by consumers. According to the statistics of the China Association of Automobile Manufacturers, from 2014 to 2020, the sales of new energy vehicles in China increased from 75000 to 1.367 million, achieving a great-leap-forward development.
New energy passenger vehicles account for the main market, while pure electric vehicles account for the main proportion.
According to the application market, new energy vehicles can be divided into new energy passenger vehicles and new energy commercial vehicles. In terms of sales volume, the output of new energy vehicles in 2020 was 1.367 million, of which 1.246 million were new energy passenger vehicles, accounting for 91.15%; 121000 new energy commercial vehicles, accounting for 8.85%; and in terms of production, the proportion of new energy passenger vehicles and commercial vehicles in 2020 was 91.22% and 8.78%, respectively. According to this, it can be seen that new energy passenger vehicles account for the vast majority of market production and sales, while new energy commercial vehicles account for a relatively small proportion.
Note: the inner circle is the output competition pattern, the outer circle is the volume competition pattern, the following is the same.
According to the mode of energy supply, new energy vehicles are mainly divided into pure electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. In 2020, the production and marketing of pure electric vehicles completed 1.105 million and 1.115 million respectively, accounting for 80.89% and 81.57% respectively; the production and marketing of plug-in hybrid vehicles completed 260000 and 251000 respectively, accounting for 19.03% and 18.36% respectively; and 1000 fuel cell vehicles were produced and sold, accounting for less than 0.1% of both production and marketing.
BYD, SAIC GM Wuling and Tesla, Inc. ranked top three in sales.
China's new energy vehicle market has formed a pattern of joint investment and competition between traditional automobile enterprises and new power automobile enterprises. Traditional car companies to BYD,BAIC new energy, SAIC passenger car Company, Chery New Energy,Changan AutomobileAs the main force; thanks to the advantages of mature upstream and downstream supply chain system, traditional car companies are far ahead in the sales of new energy vehicles. Among the new power car companiesNIO Inc.Cars,XPeng Inc.All of them have signed contract manufacturing cooperation agreements with traditional car companies. From the perspective of car enterprises, new energy passenger vehicles are the main products in China's new energy vehicle market. Among the top 10 new energy passenger car companies from January to December 2020, they benefited from the hot sales of Wuling Hongguang MiniEV, BYA Dihan, Model3 and other models. BYD, SAIC GM Wuling and Tesla, Inc. all sold more than 100000 vehicles, ranking in the top three with great advantages.
(article source: forward-looking Industrial Research Institute)