Recently, some netizens lamented that fuel vehicles are withdrawing from the Chinese automobile market in an orderly manner!
According to the data of insurance coverage in the third week of May, the penetration rate of new energy for retail insurance coverage has exceeded 50%, The consumption of fuel vehicles has become non mainstream, and this data has sounded the death knell of fuel vehicles , its significance is that fuel vehicles are withdrawing from the Chinese automobile market in an orderly manner!
This netizen's analysis comes from the voice of Sun Shaojun, a big man in the automotive industry. He wrote in a blog that, under the correction, retail insurance was launched in the third week of May, and the penetration rate of new energy exceeded 50%, witnessing history!
Soon, BYD Zhang Zhuo also responded to the news.
He mentioned in particular, witness history! Achieve a major breakthrough! In the first half of April 2024, the retail penetration rate of new energy vehicles in China has exceeded 50%, following the data of the Passenger Car Association. In the third week of May 2024 (13-19), the number of new energy passenger vehicles insured in China will reach 168000, and the penetration rate of new energy terminal insurance will also exceed 50% for the first time, reaching 50.2%, surpassing that of fuel vehicles, achieving a major breakthrough!
This means that new energy vehicles are supported and recognized by more consumers at the market terminal; It is a step closer for new energy vehicles to replace traditional fuel vehicles! We will all become witnesses and participants of this great change.
Is the fuel car really so vulnerable?
According to the data of the Passenger Transport Federation, from April 1 to April 14, the retail sales of passenger vehicles in the national market were 516000, of which the sales of new energy vehicles increased by 32% year-on-year to 260000, with a penetration rate of 50.39%; Passenger vehicle manufacturers nationwide wholesale 534000 vehicles, including 268000 new energy vehicles, with a penetration rate of 50.19%.
The penetration rate of new energy vehicle retail and wholesale both exceeded 50%, reaching this historic node faster than many people expected. From 2005 to 2015, China's new energy vehicles had been used for 10 years, and the market penetration rate only exceeded 1%. However, in recent years, its development has accelerated significantly.
Let's take a look at a set of data, we can see that today's fuel vehicle market has become a river of blood, which is horrible! This is the sales data of joint venture vehicles in April. It can be said that not only the price has plunged collectively, but also the sales volume has almost halved.
The root cause of this phenomenon is that the car circle is too curly. At the same time of the "price war" of domestic new energy vehicle enterprises, the joint venture fuel vehicle enterprises were involved.
The wheels of the times are rolling at full speed. In the era of joint venture fuel vehicles, relying on the routine of iteration and non renewal, we can obtain high profits at low cost, and never return to the new energy era!
New energy vehicle enterprises rapidly update and iterate every year, bringing about technological progress and more high-end configurations. However, the research and development of joint venture fuel vehicles is slower than that of electric vehicles, resulting in the inability to keep up with the speed of electric vehicles.
According to the data in April, the only consolation is Audi and Mercedes Benz, with a low year-on-year decline, even BMW down 13%. This shows that the luxury car market will still have a certain position in the future fuel car market. The current main force of car purchase is mainly the consumption upgrading group.
The most pressing is the mid tier brand market, which is squeezed by luxury brands and impacted by domestic brands and new energy. It can be said that there is little room for survival.
Will joint venture fuel vehicles leave the site in an orderly manner? This is a topic that everyone is paying attention to. It can only be said that the times are developing too fast, and no one will say hello to the elimination.
Special statement: The above content (including pictures or videos, if any) is uploaded and released by users of "Netease" on our media platform, and this platform only provides information storage services.
Notice: The content above (including the pictures and videos if any) is uploaded and posted by a user of NetEase Hao, which is a social media platform and only provides information storage services.
