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Shi Jianhua: Automobile Production Forecast and Problems in 2019

https://en.steelhome.com [SteelHome] 2019-04-22 16:47:10

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15th Steel Development Strategy Conference, host by SteelHome, was successfully held in International Convention Center during April 12-14, 2019. Around 1000 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry.

8th International Raw Materials Supply Chain Summit, 9th Coal & Coke Development Strategy Conference, 7th China Commodities E-Commerce Summit and 2019 SteelHome Spring Report were simultaneously held.

Shi Jianhua, Deputy Secretary General, China Association of Automobile Manufacturers reported Automobile Production Forecast and Problems in 2019 at the summit forum of New Trends & New Changes of Downstream Industry on the morning of April 14th.

Shi Jianhua, Deputy Secretary General, China Association of Automobile Manufacturers

Summary of Speech

I Operation of China's automobile market in 2018

1. The automobile market experienced negative growth: the production and sales of automobiles were 27.81 million and 28.08 million, respectively, down 4.2% and 2.8% year-on-year. The production and sales of passenger cars were 23.03 million and 23.71 million, down 5.2% and 4.1% year-on-year.

2. New energy vehicles continued to maintain rapid growth: new energy vehicles produced 1.27 million units and 1.26 million units, up 59.9% and 61.7% respectively year-on-year.

3. Export growth accelerated: automobile enterprises exported 1.041 million units, a year-on-year increase of 16.8%.  

4. Industrial concentration improved

5. The growth rate of key enterprises' economic benefits was lower than the same period

6. The automobile market maintained steady growth at a low speed and the industrial structure adjustment accelerated

II Automobile market in 2019

In 2019, the auto market will still run at a low speed.

China's auto market forecast for 2019: It is estimated that the annual auto sales volume in 2019 will be about 28.1 million units, which is the same as that in 2018. Among them, passenger cars are expected to sell around 23.7 million units, which is the same as in 2018; commercial vehicles are expected to sell around 4.4 million units. , a year-on-year increase of 1%; new energy vehicles are expected to sell about 1.6 million, an increase of 30%; automobile exports are expected to reach about 1 million, basically the same as in 2018.

(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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