The world position of China’s auto industry is more stable under the “shortage of chips and lithium”

Although our lives have also been affected to a certain extent under the epidemic, the passenger car industry become more difficult. However, we must confidently see that under the global “shortage of chips and lithium”, the status of China’s passenger car market in the world has been greatly improved, which is an intuitive manifestation of the improvement of domestic car companies’ competitiveness in the world.

In 2021, the global share of China’s auto market will reach 32%, a record high. Moreover, in January-February 2022, the wholesale sales of passenger vehicles in China reached 3.624 million units, a year-on-year increase of 14.0%, achieving a real good start. The Chinese market share of the world auto market reached a new high of 36%. This is also due to the lack of chips on a global scale, Chinese self-owned brand car companies have tapped more chip resources than other countries’ car companies, so self-owned brands have obtained higher growth opportunities.

In the passive situation of the world’s shortage of lithium ore resources and the 10-fold increase in lithium carbonate prices, the wholesale sales of new energy passenger vehicles nationwide by the China Passenger Transport Association from January to February 2022 will reach 734,000 units, a year-on-year increase of 162%. From January to February 2022, the market share of China’s new energy vehicle sales hit a new high of 65% in the world.

Judging from the comparison of the world’s auto industry, the shortage of auto chips in the world has not only brought little loss to the development of Chinese auto companies, but in the common plight of the world’s auto companies, due to the strong self-help of China’s independent auto companies and the Ministry of Industry and Information Technology In the context of the skyrocketing lithium price, China’s independent products have risen to the challenge and achieved a good performance of super-strong sales growth.

In March, the wholesale sales data of new energy vehicle manufacturers of the Passenger Federation reached 455,000 units, a year-on-year increase of 122.4%, which is also a full demonstration of my country’s ability to strengthen itself.

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