Chinese production down 6.5% over 9 months 2020
- While European production is down 30.1% over the nine months of 2020, compared to the same period of 2019, and American production is down 23.2%, the Chinese automobile production (passenger and light utility vehicles) suffered significantly less from the coronavirus crisis, as it fell only by 6.5%, which is the best result recorded by a major producer country. Note that if we count only passenger cars, the drop reaches 12%.
- The 2018 levels were reached as of April 2020 and 2019 level as of June 2020. The September 2020 month saw an increase of 14% compared to September 2019 and 7% compared to September 2018.
- At this rate, the year 2020 could end with a stable production volume compared to 2019, and it would then be the only country in the world to record such a performance, which will considerably increase the weight of China in the global automotive industry.
- Which carmakers have managed better? Ford (+ 21%), FAW (+ 19%), Tata (+ 17%), Changan (+ 13%), BMW (+ 12%), Toyota (+ 11%), Daimler (+ 6%) groups and Mazda (+ 5%) saw their production increase in China in 2020. It is to noted that Ford, Mazda and Changan are produced at Changan plants, which therefore performs well in 2020. The biggest falls concern PSA (-69%), BAIC (-65%), FCA (-47%), Hyundai-Kia (-32%), JAC (-27%), GM (-26%) and Dongfeng (-24%). The market leader, the Volkswagen group, succeeds to limit the loss with a drop of 9% of its production volume.
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