Development status of China's automobile industry

China's electric vehicle industry is developing rapidly, with new energy vehicle sales reaching 1.206 million units in 2019.
The vehicle electric development carrier is the new energy vehicle, its complete industrial chain includes the upstream lithium battery and the motor raw material;Midstream motors, electric controls, batteries and downstream vehicles, as well as charging piles and operations.
In 2019, new energy vehicles were affected by the decline of subsidies, and showed a sharp decline in the second half of the year.In 2019 and 1.206 million new energy vehicles to realize to produce and sell 1.242 million vehicles, down 2.3% and 4.0% respectively, compared to the same it is vigorously promote new energy automotive industry since 2009, the first annual decline since, but decreased as TuiPo influence of marginal or, the encourage policies of the state of new energy vehicles industry, new energy vehicles development for good long-term trend has not changed.
With the progress of coVID-19 prevention and control, the automobile market is gradually picking up, but the overall production and sales are still at a low level.From January to June in 2020, The production and sales of new energy vehicles in China reached 397,000 and 393,000 respectively, down 36.5% and 37.4% year-on-year respectively.

By model, 301,000 and 304,000 pure electric vehicles were produced and sold respectively, down 40.3% and 39.2% year-on-year.The production and sales of plug-in hybrid electric vehicles reached 95,000 and 88,000, respectively, down 20% and 29.8% year-on-year.The production and sales of fuel cell vehicles were 390 and 403 respectively, down 66.5% and 63.4% year on year, respectively.

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