The Market Penetration Rate of New Energy Vehicles is Expected to Exceed 30%, and the Construction of an Industrial Community Will be Accelerated in the Future

On May 26, the 11th Yunshan Auto repair Conference was held in Guangzhou. With the theme of "Walk by Light", this conference attracted authoritative experts and scholars of the automobile industry chain such as China Automobile Circulation Association, Oems, insurance, auto repair and auto parts, gathered 400+ industry elites to talk about the challenges and opportunities facing the automotive aftermarket under the turmoil of the industry, and explored the conflict and growth logic under the change of the automobile industry.

It is understood that on the occasion of the 25th anniversary of the founding of Huasheng Group, Huasheng frankly shared the practical progress, achievements, lessons and future development path of embracing the transformation and upgrading of the new situation, and invited more industrial chain partners to work together to create a new situation of China's automotive aftermarket!

The market penetration rate of new energy vehicles is expected to exceed 30%

Recently, the domestic passenger car market sales data released by the Passenger Federation shows that the cumulative retail sales of domestic narrow passenger cars in 2022 is 20.5443 million, an increase of 1.97% from the previous year. Among them, the cumulative retail sales of traditional energy vehicles were 14.868 million, down 13.34% from the previous year, and sales declined for three consecutive years. The total retail sales of new energy vehicles totaled 5.674 million, an increase of 89.83% over the previous year. It is worth mentioning that in 2022, the domestic market penetration rate of new energy vehicles reached 27.62%, continuing to expand its territory in the Chinese auto market.

It is understood that in the past year, under the influence of a variety of factors, the efficiency of China's automobile industry has declined. On the one hand, traditional car companies are accelerating their transformation, and the development of new energy vehicles is shifting from policy and subsidy driving to market and consumption driving. On the other hand, affected by external factors of foreign new energy vehicle enterprises, industrial changes have intensified. The automobile industry is facing multiple trends such as slowing production and sales growth, continuous penetration of new energy, and global market differentiation.

Despite the twists and turns in China's auto industry last year, data presented at the conference show that by 2022, Chinese cars will account for 33.5 percent of the world market. Among them, the share of new energy vehicles exceeds 63%.

At the meeting, many experts expressed optimism about the prospects of China's new energy vehicle market, and they predicted that the domestic market penetration rate of new energy vehicles is expected to exceed 30% in 2023. New opportunities in the automotive market may drive the transformation and upgrading of the automotive aftermarket industry.

It is understood that when the industry began to roll, elimination is also accelerating, traditional engine systems and other traditional electromechanical business volume will be significantly reduced in the future, and will be replaced, such as accident plate injection, air conditioning, chassis, battery maintenance and other new energy vehicle maintenance business increase.

Cui Dongshu, secretary-general of the Automobile Market Research Branch of the China Automobile Dealers Association, said that new cars and after-sales service are still the two major output value/profit pillars of Chinese luxury brand dealers; In the future, only by deeply mining customer value, expanding user operation space, reshaping after-sales value chain, and constantly optimizing business structure can we effectively improve the core competitiveness of overall profitability.