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Nice Wall Motor’ Haval model posted a 61% rise |
China’s new car market rebounded strongly in January 2021, by 29.5% to over 2.51m models from weak year-earlier gross sales of 1.94m, primarily based on passenger automotive and industrial car wholesale information launched by the China Affiliation of Vehicle Producers (CAAM).
In January final 12 months the car market declined by 18% to 1.94m models, with gross sales affected by fewer working days within the month as a result of Lunar New 12 months, which this 12 months falls in February, and because the authorities started to acknowledge the seriousness of the COVID-19 pandemic and began to take motion.
The car market continued to say no sharply within the early months of 2020 with first half gross sales plunging by nearly 17% to 10.26m models earlier than rebounding to new month-to-month file highs within the second half of the 12 months. Whole gross sales in 2020 have been down by simply 1.9% at 25.311m models.
A 12 months after the COVID-19 outbreak was acknowledged by the Chinese language authorities, the car market continued to surpass pre-pandemic ranges, pushed by pent up demand, final 12 months’s vital monetary stimulus and native authorities measures to encourage car purchases – together with the lifting of restrictions on the difficulty of recent car licence plates in main cities.
Final month, gross sales of recent vitality autos (NEVs) jumped by nearly 240% to 179,000 models, together with 151,000 battery powered electrical autos.
The affiliation in January mentioned it anticipated whole car gross sales to rise by simply 4% to 26m models in 2021 which can be considerably conservative given the power of the current rebound. It has since cautioned that car manufacturing within the subsequent a number of months may very well be held again by the worldwide scarcity of semiconductors, which has already affected world car producers.
Producer efficiency
FAW Group gross sales rose by nearly 19%% to 420,458 models in January, together with its joint ventures with Volkswagen and Toyota. Gross sales below its Hongqi model jumped by 157% to 32,526 models whereas gross sales of Jiefang vans rose by 27% to 79,000. FAW-Volkswagen deliveries rose by nearly 28% to 241,587 models, together with 140,499 Volkswagen-branded autos, 86,888 Audis and 14,200 Jettas.
SAIC Group mentioned its January gross sales elevated by simply 0.7% to 403,081 autos, with SAIC-Volkswagen gross sales falling by nearly 24% to 86,100 models whereas SAIC-GM gross sales up by 3.7% to 130,077 models and SAIC-GM-Wuling gross sales rose 19% to 93,262 models.
Geely Auto reported its world gross sales, together with Geely and Lynk & Co model autos, rose by 40% to 156,326 models in January, together with a 343% soar in exports to 10,031 models.
Nice Wall Motor mentioned its gross sales elevated by 73% to 139,012 models final month, with its Haval model posting a 61% rise to 94,474 models.
GAC Group January deliveries rose by over 23% to 217,333 models, with GAC-Toyota gross sales up by nearly 33% at 89,800 models and GAC Honda gross sales greater than 24% larger at 77,625 models.
