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The Chinese car association CAAM also expects growth in 2022

Wednesday, 01/12/2022 8:05 AM from

dpa-AFX

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Car traffic in Beijing city, China. pixabay.com

BEIJING (dpa-AFX) – The car market in China is likely to grow again this year, according to the expectations of the manufacturer’s association in the country. Last year, sales by manufacturers to dealers in the People’s Republic rose by a total of 3.8 percent to 26.3 million vehicles, as the lobby organization CAAM (Chinese Association of Automobile Manufacturers) announced in Beijing on Wednesday. The CAAM measures both passenger car sales and those of heavy commercial vehicles. In 2021, vehicle sales in the country rose sharply in the first few months of the year due to the lockdown in spring 2020, but growth stalled in the second half of the year due to the lack of electronic chips.

In the case of passenger cars, sales in 2021 increased by 6.5 percent to 21.5 million cars, driven by strong growth in cars not powered by conventional combustion engines. Cars with electric drive types recorded a sales growth of almost 168 percent. The industry association PCA, which measures the actual deliveries of cars, SUVs, minivans and light commercial vehicles to end customers, had already reported a sales increase of 4.5 percent to 20.5 million cars for 2021 the day before. That was the first increase since 2018.

China is the most important single market of the German car groups Volkswagen (VW share) (with the subsidiaries Audi and Porsche), Daimler (Daimler share) and BMW. Above all, Volkswagen, as the market leader in the country, has suffered considerably from the supply bottlenecks for chips in the past few months. The group sold significantly fewer cars in the country last year. Mercedes also suffered a slight decline in sales. BMW is still submitting the detailed figures for China./men/stk

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