Research Report on market status and development prospects of global and Chinese automotive industry in 2023

(3) Production and sales of commercial vehicles

In 2022, the overall demand for commercial vehicles in China slowed down, with production and sales of 3.185 million and 3.3 million, respectively, down 31.9% and 31.2% year-on-year, showing a double-digit decline, mainly due to the impact of environmental protection and overload management policies in the early stage and high oil prices and other factors.

(4) Production and sales volume of new energy vehicles

In December 2022, the production and sales of new energy vehicles continued to maintain rapid growth and reached a new record high, reaching 795,000 and 814,000 units respectively, an increase of 51.8% year-on-year. In 2022, the production and sales of new energy vehicles will reach 7.058 million and 6.887 million, respectively, up 96.9% and 93.4% year-on-year.

2. Profitability of automobile manufacturing industry

Since 2020, the operating income and profit of China's automobile manufacturing industry have increased steadily. The latest data show that in 2022, China's automobile manufacturing industry achieved operating income of 9,289.99 billion yuan, an increase of 6.8%; The total profit was 531.96 billion yuan, up 0.6% year on year.

3. Competition pattern of automobile industry

(1) Sales of automobile production enterprises TOP10

In 2022, the top ten enterprises in automobile sales sold a total of 23.148 million vehicles, accounting for 86.2% of the total automobile sales. The top 10 automobile manufacturers in 2022 are: SAIC Motor, China FAW, Dongfeng Corporation, GAC Group, Changan Automobile, BYD, BAIC Group, Geely Holding, Chery Automobile and Great Wall Motor.

Compared with the same period last year, BYD's sales growth was the most obvious, Chery Automobile and GAC Group also showed double-digit rapid growth, Geely Holding and Changan Automobile increased slightly, and other enterprises showed varying degrees of decline.

(2) Sales ranking of new energy vehicle manufacturers

From January to December 2022, the sales volume of the top ten models of China's new energy vehicle manufacturers totaled 4,099,800 units. Among them, BYD car sales reached the highest 1,799,900 units, with a market share of 31.7%. Saic-gm-wuling and Tesla China ranked second and third, with sales of 442,100 and 439,800 units, respectively, with a market share of 7.8%.

Compared with the same period last year, Geely Automobile, BYD Automobile, Changan Automobile, Chery Automobile, GAC 'an 'an and Nezha Automobile sales doubled, of which Geely Automobile sales increased by 277.9%.