According to data released by the China Association of Automobile Manufacturers on July 11, in the first half of the year, China's automobile production and sales reached 1,45,700 and 1,406,600, an increase of 4.15% and 5.57% year-on-year. Compared with the same period of last year, the output growth rate dropped by 0.49 percentage points. The sales growth rate increased by 0.83 percentage points. Among them, the production and sales of passenger cars were 11.853 million and 11.775 million, up 3.23% and 4.64% year-on-year; the production and sales of commercial vehicles was 2,240,400 and 2,291,100, an increase of 9.41% and 10.58%.
In June, passenger car sales decreased slightly compared with the previous year, with a slight increase year-on-year. In the first half of the year, passenger cars sold a total of 11.775 million, an increase of 4.64% year-on-year. Passenger car sales generally maintained a small increase, compared with January-May. The speed has dropped somewhat, and it has improved compared with the same period of last year.
In the first half of the year, the production and sales of new energy vehicles completed 413,000 and 412,000 respectively, up 94.9% and 111.5% year-on-year. The performance in the first half of the year was far better than that of previous years, and its endogenous power will remain. New energy vehicles will be in the second half of the year. It will be a relatively good development. The annual production and sales will exceed 1 million. Among them, pure electric vehicles have become a highlight of the automobile market. The production and sales have reached 314,000 and 313,000 respectively, up 79.0% and 96.0% respectively over the same period of last year. Its sales accounted for 76%. With the rapid increase in sales of pure electric vehicles, the number of public and private charging facilities in provinces, districts and municipalities increased steadily in the first half of this year. As of June 2018, the total number of members in the alliance was reported to the public category. There were 271,751 charging piles, and the charging power continued to increase for three consecutive months, with a certain increase from the previous month.
At the same time, the market share of Chinese brand passenger vehicles rebounded in the first half of the year. The sales volume of Chinese brand passenger vehicles was 5.109 million units, up 3.4% year-on-year, and the market share was 43.4%, down 0.5 percentage points.
The China Automobile Association said that through the judgment of the entire macro-economy, and with the de-leveraging, the growth rate of funds including M1 and M2 in the market is also declining. In addition, the impact of Sino-US trade friction on China's automobile production and sales in the second half of the year is expected. Although the auto market is not optimistic for half a year, the overall growth rate will remain unchanged at 3%.
