With the improvement of people's living standards, people's demand for cars is also rising sharply, and the scale of the car market is also growing.

At present, China's car ownership per thousand people has reached about 200, which is still a long way from 500 in developed countries. Of course, now China is still a developing country, and it's normal that the car ownership of China is less than that of developed countries. However, many experts believe that there is still room for China's auto market to continue to develop, and it will not stabilize until it reaches saturation.

According to the statistics of the Ministry of public security, as of June 2020, the number of motor vehicles in China has reached 360 million, of which 270 million are automobiles, accounting for 75% of the total number of motor vehicles; The number of new energy vehicles was 4.17 million, an increase of 360000 or 9.45% compared with the end of last year; There are 440 million motor vehicle drivers, including 400 million automobile drivers.

Impact of epidemic situation on automobile industry

This year, due to the impact of the epidemic, the whole automobile consumer market has been under great pressure. Looking back on this year, the automobile market was in a state of negative growth in the first six months. In July, August and September, the automobile market began to warm up and began to grow rapidly in double digits.

The epidemic situation has improved, and the automobile market has entered a low growth stage

At present, China's automobile production and sales have occupied nearly one-third of the global automobile market, and become the most important market position for domestic and foreign automobile enterprises. After a slight decline and fierce competition in 2019, China's automobile industry will face transformation and upgrading in 2020, and the competition will be more intense. With the rapid growth of car ownership, the problems of car safety, environmental protection, energy saving and traffic congestion are becoming increasingly prominent. In 2020, challenges and opportunities coexist in China's automobile industry. 2020-2025 will maintain a low growth rate of 4%, and it is estimated that by 2025, China's automobile production and sales will exceed 30 million.

New energy vehicle market will bring new growth momentum

"The development of new energy vehicles and intelligent connected vehicles is not only the main direction of industrial transformation and upgrading, but also an important strategic measure to deal with climate change, reduce emissions and promote green development." Bai Hua, a second level researcher in the automotive development department of the first equipment industry department of the Ministry of industry and information technology, said that it is expected that the sales of new energy vehicles will reach 1.3 million this year.

2021 China auto market development forecast summit held

In 2021, China's automobile industry will still face many challenges, such as the complex and changeable international environment, the continuous spread of the global epidemic, the severe situation of domestic epidemic prevention and control, and the increasing instability of the global automobile supply chain. Let's wait and see how the automobile market will develop in the future.