China market Q3 2021 (1): FAW, Dongfeng, Geely and Others Announce Five-Year Plans
SAIC will achieve CO2 peak out by 2025, while GAC will invest CNY 85-100 billion in CASE
According to an October 12 release by the China Association of Automobile Manufacturers (CAAM), motor vehicle sales in China in the January - September period of 2021 increased 8.7% over the same period of the previous year to 18,623,000 units, of which New Energy Vehicle (NEV) sales increased 1.9 times over the same period to 2,157,000 units. The proportion of NEVs overall sold in September was 17.3%, and among passenger cars only, the proportion of NEV passenger cars was 19.5%.
In the third quarter (July-September) of 2021, a number of Chinese automakers, including SAIC, FAW, Dongfeng, Changan, and Geely, announced their "14th Five-Year" (2021-2025) development plans. They will continue to accelerate the development of CASE (connected, autonomous [intelligent], shared , electric ), especially in such areas as autonomous driving, chips, hydrogen energy, batteries, and charging/battery replacement, with the aim of transforming themselves from conventional automakers into high-tech enterprises. This report covers the major trends of the major government-affiliated and privately-owned Chinese complete vehicle manufacturers in the Chinese market in the third quarter of 2021.
Changan Auto: A low-carbon smart mobility technology company to sell 4.5 million units in 2030 (Oct. 2021)
Chery: Strategic alliances with high-tech companies, exporting 500,000 units by 2025 (Aug. 2021)
2021 H1 China market: New vehicle sales up to 12.88 million units, NEVs reach 1.21 million units (Aug. 2021)
Chinese market Q2 2021 (2): NIO's EV industrial park, XPeng and Hozon's manufacturing sites and more (Aug. 2021)
Chinese market Q2 2021 (1) : Activities of China's state- and privately-owned OEMs (Jul. 2021)
Chinese market Q1 2021: NEV sales exceed 500,000 units, Chinese OEMs accelerate CASE (May 2021)