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北京白癜风研究中心 http://www.csjkc.com/m/

ChangingContextofChina’sAutomotiveSectorRequiresRe-examinationofStrategyforBusinesses

ByLuZhang,CharlsonTang,RachelHuandMelodyMao

September

ArecentGaoFengAdvisoryViewpointco-authoredbyProjectManagerLuZhang,SeniorConsultantsCharlsonTang,RachelHuandMelodyMao.

EvolvingSalesandSegmentDynamicsintheWorld’sLargestCurrentStateoftheAutomotiveMarket

China’sautomotiveindustrycontinuestoundergofastandmajorchanges.Thoughstillbelowthepre-pandemiclevelsduemainlytoashortageofsemiconductorchips,automotivesalesinChinarose25.6percentyear-on-yeartoover12.89millionunitsinthefirsthalfof,makingitthelargestautomotivemarketintheworldfor12consecutiveyears(seeExhibit1).TheimpactofthechipsshortageonChina’sautomotiveproductionisexpectedtopersistthroughoutand.

Exhibit1

China’sTotalAutomotiveSales(-,H1;byNumberofVehicles)

Source:ChinaAssociationofAutomobileManufacturers

Giventhecontinuedpolicysupportbythegovernment,newenergyvehicles(NEVs)continuetogrowattheexpenseofvehicleswithinternal

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