Technology

Tesla’s sales volume in China dropped sharply month on month

ileod 5 months ago 3 min read

At the same time, the sales volume of new energy vehicles in China increased significantly year on year. According to the data of CAAC, in July 2020, the production and sales of domestic new energy vehicles will reach 100000 and 98000 respectively, with a year-on-year increase of 15.6% and 19.3%. The sales growth of new energy vehicles changed from negative to positive in July, ending the 12-month continuous negative growth since July 2019. in general, the sales data of car companies in July showed differentiation. Among the top ten new energy passenger car companies, BYD returned to the first place in new energy, while Tesla remained the first in pure electricity. The month on month sales decreased, while the year-on-year increase was still significant. July is the traditional off-season of sales. According to Qunyi securities, the obvious increase in year-on-year growth is mainly due to the low base period last year, which also reflects the recovery of the automobile market with policy support and improved economic environment. in the global market, Tesla has become the largest auto company in the world after surpassing Toyota’s market value. According to Founder Securities, it was driven by the wave effect of Tesla that BYD’s market value surpassed that of SAIC and became the largest auto company in China for the first time. At the same time, Weilai automobile also went out of the stock market by 10 times. according to the data of the Federation of passenger transport, the new energy vehicle enterprises delivered 3533 new cars in July, a record high. At the same time, this week, they also released the financial report for the second quarter of 2020. The gross profit rate of the second quarter reached 9.7%, and the gross profit rate of a single quarter was corrected for the first time. Ideal one sales volume in July was 2516, with a month on month increase of 33%; Xiaopeng Motor Co., Ltd. had 2532 insurance vehicles in July, with a month on month increase of 130%, which achieved the best result of monthly insurance volume in 2020. The total number of brand wholesale of new power reached 14000, with a year-on-year increase of 174%, which seems to have developed into an important force in the new energy vehicle market. in the third quarter, new domestic new energy models will also be put on the market, and BYD Han, Xiaopeng P7 and Weilai ec6 will begin to be delivered, further stimulating real independent demand. Zeng duohong, an analyst at Soochow securities, said that he was strongly optimistic about the trend of electrification, adding that the sales performance of major European countries in July continued to be outstanding. He still focused on recommending European electric vehicles and Tesla industrial chain.