The Passenger Car New Four Modernizations Index, jointly released by the Automobile Market Research Branch of the China Automobile Dealers Association (Passenger Car Market Information Joint Committee, abbreviated as PCCA) and Shanghai Anluqin Enterprise Management Consulting Co., Ltd. (abbreviated as Anluqin), aims to regularly monitor the development progress of the new four modernizations in the domestic passenger car market and judge future development trends through historical data comparison. In December 2021 , the overall market sales volume reached 2.105 million vehicles, a year-on-year decrease of 7.9 % and a decrease of 1.9% compared with December 2019. After experiencing a rapid increase in November , the overall new four modernizations were basically the same as last month; among them, the electrification index still had a faster growth rate than other indexes. In December 2021 , the overall index of the new four modernizations was basically the same as the previous month, and electrification maintained a relatively fast growth rate. After experiencing fluctuations in October , the electrification index is still rising. Looking at the development trend of electrification in 2021 , it is not difficult to find that since the second half of 2021 , the new energy market has continued to exert its strength, and the electrification index has increased rapidly. From the data performance, the partial substitution effect of new energy vehicles on the fuel vehicle market has proved the change in consumer demand through the market-oriented choices of users, and has accelerated the pace of transformation of the auto market to new energy. As predicted, the intelligent index and the networked index have fallen after climbing in November . However, the standard configuration trend of networked equipment will still be a signal that remains unchanged in 2022 . Starting from 2022 , with the implementation of the decline in new energy subsidies, the prices of some models will be slightly adjusted, and consumer mentality will also change. The demand for new energy vehicles will still be slightly affected. However, we predict that the new energy market will continue to be hot in the second half of 2021. At the same time , with the gradual easing of the " chip shortage " , the pressure on chips from vehicle manufacturers will be gradually released. In order to challenge the first-mover advantage of independent brands and new car-making forces in the new energy market, joint venture brands must improve their product competitiveness. In the new energy market in 2022 , pressure will be placed on our traditional joint venture brands. With the improvement of the electrification index, the subsequent intelligence and networking index will also be further improved. The new four modernizations index in January 2022 may be affected by the Spring Festival, and it is expected that the new four modernizations index will also fluctuate to a certain extent. |
>>: Wilson: New Energy Vehicle Industry Monthly Report for December 2021
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