China News Service, Beijing, December 11 (Reporter Yan Xiaohong) Fu Bingfeng, executive vice president and secretary-general of the China Association of Automobile Manufacturers, predicted at the "2021 China Auto Market Development Forecast Summit" on the 11th that, in general, China's auto industry in 2020 Sales are expected to reach 25 million vehicles, and the year-on-year decline is expected to narrow to less than 2%, much better than expected at the beginning of the year.
This fully reflects the strong resilience of China's auto industry.
Fu Bingfeng said that looking back on 2020, from the beginning of the year affected by the new crown pneumonia epidemic, the market pressed the "pause button", and gradually recovered in the second quarter. In the third quarter, it climbed against the trend and fully recovered in the fourth quarter. It was flat last year.
The upcoming 2020 will be an extraordinary year for the Chinese auto market.
In the face of severe challenges, in terms of passenger cars, with the active efforts of the industry, it has benefited from a series of policies proactively promulgated by the national and local governments to promote automobile consumption, coupled with the various forms of promotional activities launched by various regions. It has released the demand of the automobile market and played a positive role in promoting the recovery of the automobile market. In 2020, it is expected to achieve good results in sales of 20 million vehicles.
In terms of commercial vehicles, thanks to the demand dividend brought by the "new infrastructure" and the obsolete vehicle elimination policy, the annual sales volume in 2020 is expected to exceed the 5 million mark, creating a record high and providing strong support for the total volume.
Fu Bingfeng emphasized that during the "14th Five-Year Plan" period, China's auto industry will experience a round of transformation and upgrading.
Electricity, intelligence, and networking have become new opportunities for the development of the automotive industry.
After this round of upgrading, China's auto industry will be more capable of international competition, and the Chinese auto market will also usher in a period of better development.
Fu Bingfeng predicts that China's auto market will show a slow growth next year, and the auto market will remain stable in the next five years, and it is expected to reach 30 million vehicles in 2025.
At the same time, changes in the external environment, such as anti-globalization, the rise of emerging economies, have encountered resistance; the impact of the epidemic, the reshaping of the global industrial chain; China's automobile industry actively responds and gradually adapts.
Generally speaking, we are optimistic about the future of China's auto industry, and we must be alert to the impact of changes in the external environment.
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