New Energy Vehicle Development Enters Fast Track


In 2014, the Chinese automobile market entered a steady period of development. In April, the auto production and sales data showed that it exceeded 2 million, an increase of 8.8% year-on-year, which is also expected.

What is gratifying is the explosive growth of new energy vehicles, which rose by 120% in the first quarter. Experts predict that in 2014, sales of new energy vehicles in China will reach 35,000 vehicles, an increase of 100%. China's new energy vehicles are gradually moving from the laboratory to the market.

Passenger car growth was slightly higher than that in the first quarter of April 2014. Automobile production and sales fell back compared with March, but production and sales volume maintained at more than 2 million vehicles, which maintained a growth trend compared with the same period of last year. From January to April, automobile production and sales continued to grow steadily, among which the increase in passenger cars was slightly higher than in the first quarter. In April, the top ten car dealers were: FAW-Volkswagen, Shanghai Volkswagen, Shanghai GM, Dongfeng Nissan, Beijing Hyundai, Changan Ford, Shanghai GM Wuling, Shenlong Automobile, Changan Automobile, Dongfeng Yueda Kia.

In April, the number of automobile production was 2,067,500 units, an increase of 8.84% year-on-year; sales of 200,420 units were down 7.60% month-on-month and an increase of 8.81% year-on-year. Among them, the production of passenger cars was 1.667 million, a decrease of 4.63% from the previous period and an increase of 11.26% year-on-year; sales of 1.609 million were down 5.91% month-on-month and an increase of 11.63% year-on-year.

From January to April, automobile production and sales amounted to 7,953,300 and 7,925,100 vehicles, an increase of 8.99% and 9.07% year-on-year. Among them, the production and sales of passenger cars were 6,459,900 and 6,647,500, an increase of 9.83% and 10.45% respectively; the sales and sales of commercial vehicles were 1,943,100 and 1,441,600, an increase of 5.54% and 3.26% respectively.

Own brand <br> <br> performance continued to fall this year, the joint venture brand car prices continued to edge lower, its own brand unprecedented impact. From January to April this year, sales of Chinese branded passenger vehicles decreased by 0.1% from the same period last year to 2.48 million. The total sales of the passenger vehicle market in China increased by 10% to 6.48 million vehicles.

During this period, the sales of German and American cars increased significantly. Volkswagen’s two joint venture companies in China sold 1.1 million vehicles in the first four months of this year, a year-on-year increase of 20%. General Motors sales rose 11% to 1.2 million vehicles.

In the auto sales ranking in April, Changan Automobile ranked only in the top ten in its own brand. Great Wall Motor fell out of the top ten again during the year, and sales fell sharply. Due to the continuous abandonment of continuous investment in the car sector, Great Wall sedan sales continued to decline.

The data shows that in April, the share of Chinese branded passenger vehicles in the domestic market fell from 39.6% in the same period last year to 37.1%, continuing to continue the downward trend since last September and fell for eight consecutive months.

Dong Yang, executive vice president and secretary-general of the China Association of Automobile Manufacturers, attributed the decline in the market share of the local brand automobile to a lack of competitiveness. Consumers generally believe that joint-brand vehicles are superior to their own brands in quality and design.

The development of new energy vehicles into the fast lane <br> <br> data show that the first quarter of this year, China's new energy automobile production 6651, sales of 6853, an increase of 1.2 times than the same period last year. Moreover, new-energy cars accounted for 80% of the total sales of new energy vehicles in the first quarter, further demonstrating that the proportion of private consumption in new energy vehicles has increased substantially. In the milestone years of the development of new energy vehicles, the future may usher in an outbreak.

Experts said that in 2014, sales of new energy vehicles in China will reach 35,000 vehicles and achieve 100% growth. If hybrid vehicles are added, the sales volume will reach 60,000. China’s new energy vehicles are gradually moving from the laboratory. market.

Thanks to China's increased efforts in promoting new energy vehicles, intensifying the cultivation of terminal markets, and indirectly promoting energy conservation and emission reduction regulations and environmental protection policies, new energy vehicles gradually explored a suitable business model, and the marketization effect has taken off.

However, compared with traditional fuel vehicles, the proportion of environmentally friendly and energy-saving new energy vehicles in the Chinese automobile market is still very small. Among them, the battery technology of electric vehicles still has not achieved a revolutionary breakthrough and is the biggest constraint on the development of new energy vehicles. The bottleneck causes the current new energy vehicles to have short battery life and difficult to charge. This is also the source of the confidence that shakes many auto companies in the development of new energy vehicles.



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