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Despite the hit that the domestic and global economies suffered from the spreading COVID virus last year, Chinese white goods manufacturers managed to maintain comparatively stable production and sales throughout 2020, thanks in part to increasing overseas demand, new official data shows.
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The auto production among China’s 15 major automakers declined 27.4% on year to 523,000 units over January 1-10, according to the latest data from China Association of Automobile Manufacturers (CAAM) on January 14, which was mainly due to the growing shortage of auto semiconductors and the manufacturers’ relaxation on output at the start of the year, according to market sources.
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Despite the massive economic disruption caused by the COVID-19 contagion last year, automotive sales across China only declined 1.9% on year in 2020, according to the latest release from the the China Association of Automobile Manufacturers (CAAM) on January 13, and it was in line with the association's latest estimation of a 2% on-year drop at most by in mid-December 2020.
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China’s white goods manufacturers were kept busy again in November, mainly thanks to higher export volumes when demand overseas resumed after pandemic disruptions and when makers abroad were unable to keep pace with the rise in orders, Mysteel Global noted.
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China’s sales of both passenger cars and new-energy vehicles (NEVs) may increase in 2021, especially for the latter that may soar 40% on year, while vehicles for commerce use may decline 10% on year, Chen Shihua, the deputy secretary of China Association of Automobile Manufacturers (CAAM), shared on December 18 at the Specialty Steel Forum of Mysteel’s Annual Summit in Shanghai.
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Sales and production of automobiles in China both reached new highs for the year in November, driven chiefly by the outstanding performance of new-energy vehicles (NEVs), mainly thanks to Beijing’s efforts to expand domestic consumption of these vehicles, according to the latest release by China Association of Automobile Manufacturers (CAAM) on December 12.
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Production and sales of new-energy vehicles (NEVs) in China both witnessed remarkable on-year rises in November, thanks to supportive government policies aimed at boosting automobile consumption, according to the latest release from China Passenger Car Association (CPCA) on December 8.
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China’s production of the four mainstream electric home appliances continued with recovery in October, with refrigerator posting the sharpest 25.8% on year gain in production, according to the latest data from China’s National Bureau of Statistics (NBS), which was mainly due to robust demand from overseas, Mysteel Global noted.
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In October, China’s auto sales persisted on the uptrend, up 0.1% on month or 12.5% on year to 2.6 million units, and among the total, new-energy vehicles (NEVs) sales grew more remarkably, jumping 13.9% on month or 104.5% on year, according to the latest data from the China Association of Automobile Manufacturers (CAAM) on November 11.
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China has recently released its long-term guidelines for new energy vehicles (NEVs) for the coming 15 years, reaffirming its determination in prospering the auto models as part of the green economy, which the domestic market sources applauded, agreed the NEV to be the direction for China’ auto industry, though hiccups will emerge along the path of development.
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Guidelines released on November 2 by China’s State Council, the country’s top economic governing body, reiterate the crucial role that the development of new energy vehicles (NEVs) will play in strengthening the country’s automotive industry from just quantitative development.
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Final data for last month’s sales of heavy trucks in China will likely show a 41% surge on year to around 129,000 units, even though compared with September, October sales fell by 14.3%, according to the latest report published by Beijing-headquartered Commercial Vehicle World (CVWorld) on November 2. Full-year sales would definitely exceed 1.5 million units, it predicted.
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Both sales and production of automobiles in China saw significant on-year and on-month rises in September, mainly thanks to a series of stimulus policies and promotion activities to lift auto consumption according to the latest statistics from China Association of Automobile Manufacturers (CAAM) released on October 13. The longer-than-usual National Day holiday over October 1-8 also gave a fillip to September sales, Mysteel Global notes.
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Among the four major electrical home appliances manufacturing in China, that of air-conditioner declined the most by 17.2% on month to 15.3 million units for August, though the volume was still 0.5% higher on year, according to the latest data from China’s National Bureau of Statistics (NBS), though market sources remained optimistic on higher production for the last quarter of 2020.
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Production and sales of automobiles in China both witnessed on-year rises for the fifth successive month in August, mainly thanks to the stabilizing economy and a series of policies aimed at stimulating purchasing, according to the latest release from the China Association of Automobile Manufacturers (CAAM) on September 10. Market sentiment also largely improved last month, the association noted.
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China’s production of air-conditioners in July increased 6% on year to 18.5 million units, according to the latest data from China’s National Bureau of Statistics (NBS). However, the July result represented a large decline of 6.4 million units or 25.7% from June, Mysteel Global noted.
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China’s production and sales of new energy vehicles (NEVs) saw their first year-on-year growth this year in July, rising by 15.6% and 19.3% respectively, according to the latest statistics of the China Association of Automobile Manufacturers (CAAM) published on August 11.
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China’s production of the four major household appliances declined by 12% on year during January-June, affected by the decline in demand due to the COVID-19 outbreak. However, production of the four white goods – air-conditioners, refrigerators, washing machines and televisions – rose during the past two months given better-than-expected export demand and manufacturers stocking up products for summer sales, Mysteel Global noted.
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Chinese production of air-conditioners declined by 14.7% on year to 19.4 million units during May, according to the latest data from China’s National Bureau of Statistics, with the May result taking total production over January-May to some 78 million units, lower by 23.1% on year, the NBS data show. However, the pace of the decline had slowed marginally from the 24.8% decrease charted over the first four months.
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Better than expected, China’s auto sales rose on year and on month for the second successive month in May after a 21-month continuing drop, up 14.5% on year or 5.9% on month to 2.2 million units, mainly due to the government’s preferential policies and robust demand for trucks for infrastructure construction, according to the release from the China Association of Automobile Manufacturers (CAAM) on June 11.
