日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Pandemic speeds up change in country's auto market

By CAO YINGYING | China Daily | Updated: 2020-06-22 10:54
Share
Share - WeChat
SAIC Motor shows a Roewe SUV at the Shanghai auto show in April 2019. [Photo by Li Fusheng/China Daily]

Native brands suffering and some could vanish as joint ventures lead in sales

Chinese auto brands are continuing to lose market share at home despite that their sales are beginning to rebound from the effects of the COVID-19 pandemic.

Statistics from the China Association of Automobile Manufacturers showed that Chinese auto brands sold 571,000 passenger vehicles in May with a market share of 34.1 percent, down 2.2 percentage points compared with same period in 2019.

In the first five months of 2020, Chinese auto brands sold 2.26 million passenger vehicles.

The market share accounts for 37.1 percent, down 2.8 percentage points year-on-year.

A report by the China Passenger Car Association shows that the market share of Chinese auto brands has declined for 20 months in a row since May 2018.

In February, their market share soared to 52.3 percent, the highest record in two years, but started to decline soon.

Chen Shihua, deputy secretary-general of the CAAM, said the reason for the significant increase was that most factories of foreign joint venture brands are located in Hubei province, which was hardest hit during the pandemic.

Therefore, their production capacity was affected. When Chinese auto brands resumed production, they saw an increase of market share.

However, after the domestic outbreak was brought under control, consumer demand was mostly concentrated in joint venture brands, Chen said.

In terms of brands, the top three best sellers among Chinese car companies-Geely, Great Wall Motors and Changan-saw sales increase in May.

According to CPCA statistics, Geely sold 108,800 units in May, an increase of 20 percent year-on-year. At the same time, Great Wall sold 81,900 vehicles, up 31 percent compared with same period of 2019. Sales at Changan surged 62.6 percent to 72,000 units in that month.

BYD and Chery showed a single-digit decline in May and the sales of some other Chinese car brands, including BAIC Yinxiang, Dongfeng Yulon and Hawtai Motor, saw a double-digit decline.

Some Chinese carmakers are even facing difficulty in surviving. Haima Automobile plans to rescue its vehicle business by selling real estates in Haikou, Hainan province.

Zotye Auto released an extended holiday notice, which said that staff at its Hunan base will have one-year holiday. It also encourages resignation because of the effects of the pandemic.

Xu Haidong, vice-chief engineer of the CAAM, said that China's automobile market is in a transformative period.

Some leading Chinese brands seized the absolute majority of local carmakers' combined market share.

This trend will continue and the pandemic has helped accelerated this process.

Tan Benhong, vice-president of Changan, once said it was estimated that 50 percent of Chinese auto brands will disappear over time.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产精品怕怕怕视频免费 | 免费高清精品国偷自产在线 | 日韩国产欧美视频 | 蜜臀影院 | 午夜影皖 | 欧美第一页草草影院浮力 | 午夜视频网址 | 欧美日韩精品一区二区三区四区 | 超碰一区二区三区 | 波多野结衣免费视频观看 | 午夜精品久久久久久99热7777 | 国产一级特黄aa大片爽爽 | 日本一区二区三区四区 | 成人激情视频网站 | A片A三女人久久7777 | 免费综合网 | 丁香婷婷久久久综合精品国产 | 丝袜偷窥亚洲综合 | 超碰成人免费 | 国产精品成人在线 | 日韩欧美福利视频 | 丝袜美腿一区二区三区动态图 | 国产一起色一起爱 | 午夜免费视频观看 | 亚洲久草 | 91亚洲精品在线观看 | 亚洲国产区 | 欧美一区二区三区四区不卡 | 国产精品每日更新 | jizz18毛片| 国产福利视频一区 | 成人激情视频在线观看 | 亚洲欧美一级久久精品 | 久久综合久色欧美综合狠狠 | 一级黄色片a | 国产福利视频一区 | 天天射天天怕 | 久精品视频 | 国产精品极品美女自在线看免费一区二区 | a在线免费观看视频 | 色网在线 |