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CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months
CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months
The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter.
The China Passenger Car Association (CPCA) has raised its forecast for new energy vehicle (NEV) sales in China this year, as the market performs strongly in the traditionally slow July month.
The CPCA raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, a report said today, adding that the forecast is still subject to an upward revision in the fourth quarter.
From January to June, wholesale sales of new energy passenger vehicles in China rose 122.8 percent to 2.466 million units, and wholesale sales of new energy passenger vehicles in July reached 564,000 units, up 123.7 percent, indicating that the growth rate has not slowed, the CPCA said.
So far this year, China's overall performance of new energy passenger vehicles has exceeded the CPCA's forecast of 5.5 million units at the end of last year, the report said.
China's policy of halving purchase taxes on mainstream internal combustion engine (ICE) vehicles has been in place for two months, but growth in the NEV market has not been impacted, with both traditional ICE vehicles and NEVs achieving strong growth in June-July, according to the CPCA.
Chinese consumers currently enjoy purchase tax exemptions on NEVs, and starting in June, the country lowered the purchase tax on mainstream ICE vehicles from 10 percent to 5 percent to spur economic growth.
After excluding the special factor of Tesla's production expansion, China's new energy passenger vehicle sales still increased in July compared to June and did not reflect the seasonal pullback that the car market would otherwise have seen, the CPCA said.
This indicates that the overall characteristics of China's auto market are stronger demand than supply, and that the normal seasonal pattern is temporarily out of whack, the report said, adding that the trend toward electrification of China's passenger car market will remain strong after August.
Current demand in China's NEV market is coming mainly from customers looking to add new vehicles or trade them in, whose incomes have not been much affected by the Covid outbreak, the CPCA said.
In the coming months, growth in China's new energy passenger vehicle market will largely depend on an uptick in supply, according to the CPCA.
As the recent new models of NEVs continue to be launched and some vehicle companies complete their capacity ramp-up, sales of new energy passenger vehicles will maintain consistent growth, the CPCA said.
From August to December, China's average monthly new energy passenger vehicle sales are expected to exceed 600,000 units, achieving continued high growth, the CPCA said.
The CPCA expects China's new energy commercial vehicle sales to exceed 350,000 units this year, and overall NEV sales will reach about 6.5 million units this year after including special purpose vehicles.
Chengdu Motor Show to be held from August 26 to September 4, NIO ET5 interior expected to be unveiled
The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter.
CPCA将2022年中国新能源乘用车销量预测上调50万辆,至600万辆,第四季度可能进一步增长。
The China Passenger Car Association (CPCA) has raised its forecast for new energy vehicle (NEV) sales in China this year, as the market performs strongly in the traditionally slow July month.
中国乘用车协会(CPCA)上调了对今年中国新能源汽车(NEV)销量的预测,因为市场在传统上表现疲软的7月份表现强劲。
The CPCA raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, a report said today, adding that the forecast is still subject to an upward revision in the fourth quarter.
今天的一份报告称,CPCA将2022年中国新能源乘用车销量预测上调了50万辆,达到600万辆,并补充说,这一预测在第四季度仍有可能上调。
From January to June, wholesale sales of new energy passenger vehicles in China rose 122.8 percent to 2.466 million units, and wholesale sales of new energy passenger vehicles in July reached 564,000 units, up 123.7 percent, indicating that the growth rate has not slowed, the CPCA said.
CPCA表示,从1月到6月,中国新能源乘用车批发量增长122.8%,达到246.6万辆,7月份新能源乘用车批发量达到564,000辆,增长123.7%,表明增长速度并未放缓。
So far this year, China's overall performance of new energy passenger vehicles has exceeded the CPCA's forecast of 5.5 million units at the end of last year, the report said.
报告称,今年到目前为止,中国新能源乘用车的整体表现已经超过了CPCA去年年底550万辆的预测。
China's policy of halving purchase taxes on mainstream internal combustion engine (ICE) vehicles has been in place for two months, but growth in the NEV market has not been impacted, with both traditional ICE vehicles and NEVs achieving strong growth in June-July, according to the CPCA.
中国将主流内燃机(ICE)汽车购置税减半的政策已经实施了两个月,但新能源汽车市场的增长并未受到影响,根据CPCA的数据,传统内燃机汽车和新能源汽车在6-7月都实现了强劲增长。
Chinese consumers currently enjoy purchase tax exemptions on NEVs, and starting in June, the country lowered the purchase tax on mainstream ICE vehicles from 10 percent to 5 percent to spur economic growth.
中国消费者目前享受新能源汽车免购税,从6月份开始,国家将主流内燃机汽车的购置税从10%降至5%,以刺激经济增长。
After excluding the special factor of Tesla's production expansion, China's new energy passenger vehicle sales still increased in July compared to June and did not reflect the seasonal pullback that the car market would otherwise have seen, the CPCA said.
CPCA表示,剔除特斯拉扩大生产的特殊因素后,中国7月份新能源乘用车销量仍比6月份有所增长,并未反映出汽车市场原本会出现的季节性回落。
This indicates that the overall characteristics of China's auto market are stronger demand than supply, and that the normal seasonal pattern is temporarily out of whack, the report said, adding that the trend toward electrification of China's passenger car market will remain strong after August.
报告称,这表明中国汽车市场的总体特征是供不应求,正常的季节性模式暂时不正常,并补充说,8月份之后,中国乘用车市场的电气化趋势将保持强劲。
Current demand in China's NEV market is coming mainly from customers looking to add new vehicles or trade them in, whose incomes have not been much affected by the Covid outbreak, the CPCA said.
CPCA表示,中国新能源汽车市场目前的需求主要来自希望增加新车或以旧换新的客户,他们的收入并未受到Covid疫情的太大影响。
In the coming months, growth in China's new energy passenger vehicle market will largely depend on an uptick in supply, according to the CPCA.
CPCA表示,未来几个月,中国新能源乘用车市场的增长将在很大程度上取决于供应的上升。
As the recent new models of NEVs continue to be launched and some vehicle companies complete their capacity ramp-up, sales of new energy passenger vehicles will maintain consistent growth, the CPCA said.
CPCA表示,随着最近新能源汽车新车型的不断推出,以及一些汽车公司完成产能提升,新能源乘用车的销量将保持持续增长。
From August to December, China's average monthly new energy passenger vehicle sales are expected to exceed 600,000 units, achieving continued high growth, the CPCA said.
CPCA表示,从8月到12月,中国新能源乘用车的月平均销量预计将超过60万辆,实现持续的高增长。
The CPCA expects China's new energy commercial vehicle sales to exceed 350,000 units this year, and overall NEV sales will reach about 6.5 million units this year after including special purpose vehicles.
CPCA预计,今年中国新能源商用车销量将超过35万辆,包括特殊用途车在内,今年新能源车总销量将达到约650万辆。
Chengdu Motor Show to be held from August 26 to September 4, NIO ET5 interior expected to be unveiled
成都车展将于8月26日至9月4日举行,蔚来ET5内饰有望亮相
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
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