Car sales in June are outstanding and the annual penetration rate of new energy vehicles is expected to reach 36%

On the same day, the National Passenger Car Market Information Association (hereinafter referred to as the "Passenger Association") released its market forecast for new energy passenger vehicles in June. An increase of 10%, a year-on-year increase of 30%. At the same time, the overall auto market will continue its strong trend in May, with sales reaching the highest level in history.

Thanks to the recovery of the market, the auto sector has performed strongly recently, and the concept of unmanned driving is eye-catching. According to the analysis of Soochow Securities, in 2023, the automobile sector will destroy the old and establish the new, and the intelligentization of automobile AI and going overseas will become the two main lines.

Sales of many car companies rose in June

On July 4, Yutong Bus and other auto companies disclosed their production and sales data for June, revealing information about the recovery of the industry. According to the announcement, Yutong Bus sold 4,726 vehicles in June, a year-on-year increase of 111.55%. This year's cumulative sales volume was 15,134, a year-on-year increase of 30.84%.

In the evening of the same day, Jiangling Motors and Lifan Technology also announced their production and sales data for June, which also showed a rise. Among them, Jiangling Motors sold 26,441 vehicles in June, an increase of 1.70% year-on-year; the cumulative sales volume this year was 146,350 vehicles, an increase of 7.64% year-on-year. In June, Lifan Technology sold 5,294 vehicles, a year-on-year increase of 7.25%; among them, 3,549 new energy vehicles were sold, a year-on-year increase of 13.53%.

Earlier, BYD and other new energy car companies also announced sales data for June. As a leading company in new energy vehicles, BYD's monthly sales have continued to rise since last year, setting new highs repeatedly. In June this year, BYD sold 253,046 new energy vehicles, compared with 134,036 in the same period last year; the cumulative sales volume for the year increased by 95.78% year-on-year.

In addition, the sales of new energy vehicles of Aion, SAIC-GM-Wuling, and Great Wall Motors in June were also very eye-catching, with year-on-year increases of 86.7%, 105%, and 110%, respectively. Among them, Aian sold 45,013 vehicles in a single month in June.

In terms of new car-making forces, sales of NIO, Ideal, Nezha, Leapao, and Jikrypton all exceeded 10,000 vehicles in June. Among them, the sales of Ideal Automobile were the most eye-catching. A total of 32,575 new cars were delivered in June, a year-on-year increase of 150.1%.

Tesla also recently announced its second-quarter car production and delivery data. In the second quarter of this year, Tesla delivered a total of 466,140 electric vehicles, a sharp increase of 83% year-on-year, setting a new high in single-quarter delivery.

According to Galaxy Securities, in June, activities to promote car consumption were carried out around the Dragon Boat Festival across the country, and preferential prices were launched, which enhanced the enthusiasm for consumption, and car sales were better than market expectations.

New energy vehicles in the first half of the year

Wholesale sales increased by 44% year-on-year

The heating up of the auto market is inseparable from the booming sales of new energy vehicles. According to the forecast of the Passenger Federation, the wholesale sales of new energy passenger car manufacturers in June were 740,000 units, a month-on-month increase of 10% and a year-on-year increase of 30%. It is estimated that from January to June, the nationwide wholesale of new energy vehicles by passenger car manufacturers will reach 3.53 million, a year-on-year increase of 44%.

Cui Dongshu, secretary-general of the Federation of Passenger Passengers, said that the new energy vehicle market in 2023 will show an independent feature of rising month by month. With the launch of a large number of competitive new products in the second quarter, price promotions continue to increase, and consumers' enthusiasm for buying is gradually released. To hit the half-year target, various manufacturers and distributors actively carried out various promotional activities, and local subsidies were superimposed on double discounts for enterprises' semi-annual momentum, which supported the continuous increase in the terminal retail chain.

At the same time, overseas markets have also opened up new market space for the sales of new energy vehicles. Galaxy Securities judged that the continued growth of new energy vehicle exports is related to the gradual increase in the scale of Chinese brands overseas, the improvement of recognition, and the improvement of service networks. In addition to SAIC and other traditional export car companies, the export of new forces has also started. The prospect of a new energy export market is bright in the future.

Based on the above industry trends, the Passenger Federation predicts that in 2023, the sales volume of new energy passenger vehicles in China will be 8.5 million, and the sales volume of passenger vehicles in the narrow sense will be 23.5 million. The annual penetration rate of new energy vehicles is expected to reach 36%. The current operating status of the industry is consistent with the forecast.

The unmanned driving concept explodes

Recently, with the strong growth of the automobile industry chain, the concept of unmanned driving has performed brilliantly. As of the close on July 4, Demax, Kotei Information, Wanji Technology "20cm" daily limit, Zhongke Chuangda, Jingwei Hengrun, etc. rose by more than 10%, Xingmin Zhitong, Luchang Technology, DEREN Electronics, Deren Electronics, etc. The daily limit of Saixiwei and others.

In terms of news, on July 3, BYD launched its high-end intelligent driving assistance system "God's Eye" at the Denza N7 Smart Hunting SUV model conference.

Earlier, the relevant person in charge of the Ministry of Industry and Information Technology revealed that the "Intelligent Connected Vehicle Standard System" will be officially released and implemented shortly, supporting the commercial application of L3 and above autonomous driving functions. In addition, more and more cities gradually relax driverless testing. Securities pointed out that the implementation of domestic L3 intelligent driving is a milestone, which will accelerate the application of this round of AI innovation on the automotive side and drive new opportunities in the industrial chain.