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What is the prospect of the automobile industry now?
Major listed companies in the industry: BYD (002594), Geely Holding (00 175. HK), SAIC (600 104), Guangzhou Automobile Group (60 1238), BAIC Blue Valley (600733) and Changan Automobile (000625).

The core data of this paper: automobile output, passenger car output, commercial vehicle output, pickup truck output and new energy vehicle output.

The output of automobiles has increased steadily.

In 20021year, China's automobile output increased year-on-year, ending the three-year decline since 20 18. In 20021year, the output of China automobile industry reached 26.082 million vehicles, up by 3.4% year-on-year.

The passenger car market continues to maintain the scale of about 20 million vehicles.

Driven by the strong domestic consumer market, the output of passenger cars in China has remained at around 20 million for seven consecutive years. In 20021year, the national passenger car output was 214.08 million, up 7. 1% year-on-year.

The output of commercial vehicles declined.

In terms of commercial vehicles, in recent years, the utility of policy dividends supporting the growth of commercial vehicles has gradually weakened, and the commercial vehicle market has entered an adjustment period. In 20021year, the output of commercial vehicles in China was 4.674 million, down 10.7% year-on-year.

The output of pickup trucks has increased rapidly.

In April 2020, the Ministry of Commerce issued the "Guiding Opinions of the Ministry of Commerce on Promoting the Key Work of Consumption in the Commercial System as a Whole" to lift the restrictions on pickup trucks entering the city. In recent years, China's pickup truck industry has developed rapidly due to loose policies. In 20021year, the output of pickup trucks in China reached 547,000 vehicles, up by1/0.2% year-on-year.

The output of new energy vehicles exceeded 3.5 million.

In 20021year, new energy vehicles became the biggest bright spot in the automobile industry. Its market development has shifted from policy-driven to a new stage of market-driven, and its output scale has been greatly improved. In 20021year, the output of new energy vehicles in China reached 3.545 million, an increase of nearly 1.6 times.

On the whole, the supply of automobile industry in China has ended the three-year continuous decline since 20 18. Among them, new energy vehicles have become the biggest highlight of improving the supply capacity of the industry. In 2022, with the easing of "lack of core", the supply capacity of China automobile industry is expected to be further improved.

For the above data, please refer to Foresight Industry Research Institute's Analysis Report on Demand Prospect Forecast and Investment Strategic Planning of China's Automobile Manufacturing Industry.