The top 25 best-selling models in China in the first five months of 2022
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The top 25 best-selling models in China in the first five months of 2022
- The Chinese passenger car market is down 3.5% in the first five months of 2022, compared to the same period of the previous year with a volume of 8,126,145 units against 8,425,044 units. This drop is due to a catastrophic month of April (-43%) due to the consequences of yet another wave of Covid-19 which forced carmakers to close a large part of the country's automobile assembly plants. But market growth was observed as early as May.
- In this context, the ranking of the top 25 sales has changed significantly compared to last year. The GM-Wuling Mini EV takes the lead in the top 25 for the first five months of 2022, with 168,000 sales, which augurs for a volume of 400,000 units for the full year. The Volkswagen Lavida drops compared to last year, with 130,000 sales, followed by the Tesla Model Y (126,000 sales) which appears for the first time in the ranking. The Great Wall H6 SUV is fourth, with 113,000 sales, down sharply from 2021.
- Two medium sedans follow, the Nissan Bluebird Sylphy (109,000 sales) and the Toyota Camry (108,000 sales) which are ahead of the BYD Song PHEV SUV (104,000 sales) which appears for the first time in the ranking, competing the SUV Changan CS75 (96,000 sales) and Honda CRV (93,000 sales). The Tesla Model 3 is in tenth place, with 90,000 sales. It is not really competed by the Model Y as the Model 3 loses only 5,000 sales compared to last year.
- We also note the sharp drop of the Volkswagen Sagitar, Volkswagen Bora and Toyota Corolla.
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Volvo will build an assembly plant in Slovakia
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Volvo will build an assembly plant in Slovakia
- The Swedish carmaker Volvo Cars (belonging to the Chinese group Geely) has announced that it will build a battery electric car assembly plant in Slovakia from 2023, on the Kosice site, in the east of the country. The plant is expected to start operating in 2026.
- This will be the carmaker third European plant, which already has a plant in Sweden (Gothenburg) and another plant in Belgium (Ghent) opened in the 1960s.
- The Kosice plant will be the third assembly plant opened in Europe between 2022 and 2026 by a car manufacturer, after Tesla in Berlin (Germany) and BMW in Debrecen (Hungary). The Tesla factory in Berlin started up a few weeks ago, while the BMW factory in Debrecen will open in 2025. It is not surprising that these three assembly plants are dedicated to battery electric vehicles, given the probable end of sales of combustion engine cars in 2035.
- Volvo plans a capacity of 250,000 electric vehicles per year at its future plant in Kosice. The carmaker did not specify what the impact would be on the production of its two other European factories, which are also being transformed to produce only electric vehicles from 2030. These two factories have a production capacity of 550,000 vehicles per year (300,000 in Ghent and 250,000 in Gothenburg) to which will be added 250,000 vehicles per year in Kosice.
- Volvo sold 700,000 vehicles worldwide in 2021, including 300,000 in Europe, 175,000 in China and 125,000 in the USA, with the carmaker having assembly plants in China and the United States. Volvo's goal is to sell 1,200,000 vehicles per year from 2025.
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What evolution for the Russian automotive market and production?
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What evolution for the Russian automotive market and production?
- According to the Russian organizations themselves, the car market and production are expected to fall by more than 50% over the whole of 2022, due to the war in Ukraine which has caused both a drop in customers demand, but also and above all because of the cessation of production at certain locally established factories (such as Renault, BMW, Mercedes or Volkswagen) and the cessation of most imports (from Europe). Over the first five months of 2022, the market fell by 52% and production by 56%.
- What can happen when the war will be over? Will economic sanctions continue to be applied? Will carmakers who quit Russia in the first half of 2022 return? And in this case, will the Russian government agree to see them resume their activity in Russia? It is difficult to answer these questions. The scenario favoring a return to the pre-war situation in Ukraine seems unlikely. The war in Ukraine will inevitably leave its mark.
- The most likely scenarios favor the Russians taking over the factories left vacant and/or the Russians encouraging the massive arrival of Chinese carmakers in the factories left vacant. This scenario seems plausible as the Chinese carmakers who represented 5% of the Russian market in 2021 represent nearly 10% over the first five months of 2022. This share seems logically set to increase in the coming months, due to the disappearance of European carmakers from the Russian market over the period. However, this would be a strong dependence on China for Russia, a dependence that the Russian government is not sure to accept.
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The production of vehicles in Mexico could reach 3.5 million units in 2022
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The production of vehicles in Mexico could reach 3.5 million units in 2022
- Mexican vehicles production (Passenger Cars +Utility Vehicles), after continuous growth between 2010 and 2017, gradually rising from 2 million vehicles to 4 million, experienced a decline from 2018 which intensified in 2020 in due to the Covid crisis, thus falling to 3 million units. The year 2021 did not allow a relaunch of the production volume.
- The first five months of 2022 (1,45 million units/+7%) indicate that we could reach the 3.5 million units this year, thus posting a good performance which contrasts with the results expected in the United States and Canada, which should experience a sluggish situation in terms of their production volume.
- Mexican production is mainly destined to export, which represents nearly 90% of local production and whose three main destinations are the United States (75% of the total), Canada (7% of the total) and Germany (5% of the total). However, it is not exports that have driven production over these first five months as they are stable compared to the first five months of 2021. It is above all production for the local market which has increased (+31.4%).
- Among the carmakers present in Mexico, which ones are progressing the most in 2022? The brands that are growing the most are Ford (+50%), Mazda (+33%), Audi (+32%), Toyota (+21%), GMC (+12%) and Kia (+10%). The Chevrolet, Ram (ex-Dodge) and Honda brands are stable. Finally, the brands that are declining are the following: Mercedes (-1%) and above all Volkswagen (-19%), BMW (-24%) and Nissan (-27%). The latter was for many years the largest car producer in Mexico, after the prosperous period of Volkswagen, this is no longer the case in 2022.
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Reinforcement of European standards for CO2 emissions: Summary of the European Parliament and the Council of Europe positions
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Reinforcement of European standards for CO2 emissions: Summary of the European Parliament and the Council of Europe positions
- The European Parliament adopted on 8 June 2022 several amendments (P9_TA(2022)0234) to the proposal from the Parliament and the Council for a regulation regarding the reinforcement of CO2 emission standards for new passenger cars (PCs) and light utility vehicles (LUVs) (EU regulation 2019/631). This series of amendments is part of the overall objective of reducing net emissions to zero from all industries at the latest by 2050, with an intermediate objective of reducing net greenhouse gas emissions by at least 55% by 2030 (compared to 1990). These amendments also follow the EU's commitment at the COP26 to accelerate the global transition to zero-emission vehicles. To achieve this objective, the European Parliament considers that it would be necessary to reduce emissions from the transport sector by around 90% and at the same time to rapidly develop renewable energies so that the EU car fleet can be supplied by additional electricity from renewable sources.
- At the same time, for internal combustion vehicles, the Parliament is advocating a reinforcement of the standards relating to CO2 emissions PCs and LUVs for the period 2025-2030, with the aim of accelerating the decarbonisation of the second-hand vehicle market, which will still be allowed to be driven until 2050. Also, the Parliament insists that these objectives must not hamper access to individual and affordable mobility for all, just as these objectives must be accompanied by ambitious binding objectives concerning the deployment of public and private charging infrastructure.
- This adopted regulation followed the ordinary legislative procedure (first reading), i.e. it then went to first reading at the Council of Europe, which was gathered on June 28 during an "Environment" Council, and where the ministers in charge of the environment adopted their positions on the proposals contained in the "Fit for 55” package.
- In the press release published on June 29, it is stated that the Council has agreed to raise the CO2 emission reduction targets for new passenger cars and new light utility vehicles by 2030, to 55% for PCs and 50% for LUVs. The Council also approved the introduction of a 100% CO2 emissions reduction target by 2035 for new passenger cars and LUVs.
- In addition, in 2026, the Commission will assess the progress made towards achieving the 100% emission reduction targets and the need to review these targets taking into account technological developments, including with regard to plug-in hybrid technologies and the importance of a viable and socially equitable economic transition towards zero emissions. Finally, the Council agreed to end the regulatory incentive mechanism for zero- and low-emission vehicles from 2030. Once the Council's position has been adopted, it must be examined again by Parliament for a second reading. This should happen sometime in September 2022.
- The final adoption of this regulation raises questions: What impact will this measure have on the automotive market in 10 years? Will the conditions be met in 2030-2035 to allow the real deployment of the zero-emission vehicles market? What will be the impact on carmakers and their supply chain?
- To provide elements of answers to these questions and other, Inovev conducted a very in-depth analysis on the subject of electrification and its impact on the supply chain, on behalf of the main global suppliers of the automotive industry. This is an independent and in-depth analysis, going beyond public announcements.
- We provide 4 comprehensive studies, covering the electrified vehicle (xEVs) market in terms of volumes up to 2030, the battery technologies and market, the electrification technologies and plastic materials for xEVs.
Two additional studies analysing the emissions and masses of all vehicles (including xEVs) produced and sold in Europe are also available to support your knowledge and decisions. For more information, please consult the dedicated site at the following address: https://www.inovev.com/index.php/en/electrification
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