XVII Steel Development Strategy Conference, hosted by SteelHome, was successfully held in Shanghai Tower during 9-11 April, 2021. Over 1,000 delegates from governments, associations, steel mills, miners, traders, research institutes and media attended.

The 10th International Steel Raw Materials Supply Chain Summit, 11th International Coal & Coke Development Strategy Summit, 9th China Commodities E-Commerce Summit and 2021 SteelHome Spring Report were simultaneously held.

Shi Jianhua, Deputy Secretary General of China Automobile Industry Association, delivered  a speech titled Development Trend of Automobile Industry

Shi Jianhua, Deputy Secretary General of China Automobile Industry Association

Summary of speeches:

In 2020, the overall performance of China's automobile industry was better than expected, with annual sales of 25.31 million vehicles. The year-on-year growth rate narrowed to less than 2%, and the sales volume continued to rank first in the world.

In 2020, China’s commercial vehicle production and sales reached 5.23 million and 5.13 million respectively, with a year-on-year growth of 20.0% and 18.7% respectively; new energy vehicle production and sales reached 1.366 million and 1.367 million respectively, with a year-on-year growth of 7.5% and 10.9% respectively; electric vehicle production and sales reached 1.105 million and 1.115 million respectively, with a year-on-year growth of 5.4% and 11.6% respectively.

It is estimated that the total sales volume of China’s automobiles in 2021 will be about 26.3 million, with a year-on-year increase of 4%.Among them, the sales volume of passenger cars is expected to exceed 21.7 million, with a year-on-year increase of about 7.5%; the sales volume of commercial vehicles is expected to be about 4.6 million, with a year-on-year decrease of about 10%. The development of new energy vehicles will be stable and good, with the sales volume expected to exceed 1.8 million, with a year-on-year increase of about 40%.New energy vehicles have entered a new stage of development.

The next five years is the key period for China’s automobile industry to realize industrial transformation and upgrading, and will enter a new stage of high-quality development and achieve steady growth. In 2021, China’s auto market will show a slow growth trend, and will remain stable in the next five years. In 2025, auto sales are expected to reach 30 million.