The Institute of ICT recently released the operation data report of the new energy automobile industry in April, pointing out that the automobile industry has been impacted by the epidemic, but the growth of new energy automobiles has remained resilient. According to the report, in April, the impact of the epidemic on China's automobile industry appeared simultaneously on the supply side and the market side, and the expectation of the new energy vehicle market facing pressure in the last report was confirmed.
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In general, compared with the overall production and sales of automobiles, which decreased by 46.1% and 47.6% year-on-year respectively, it is not easy for the production and sales of new energy vehicles to achieve a year-on-year growth of more than 40%. The market penetration reached 25.3% in the month, and its contribution to the growth of the automobile industry has been continuously enhanced. In the middle and late April, Tesla, SAIC and other vehicle enterprises and related supporting supply enterprises that stopped production due to the epidemic resumed production. With the gradual smooth logistics and supply chain, the production and sales of new energy vehicles are expected to rebound steadily.
Monthly production and sales of new energy vehicles
In April, the growth rate of production and sales dropped significantly. In April, the production and sales of new energy vehicles in China reached 312000 and 299000 respectively, with a year-on-year increase of 43.9% and 44.6% respectively. The growth rate dropped significantly compared with the previous month. The report points out that compared with the overall production and sales of the automobile industry, which fell by 46.1% and 47.6% respectively year-on-year, it is rare for the production and sales of new energy vehicles to achieve a year-on-year growth of more than 40%.