{"id":20780,"date":"2022-05-25T10:23:29","date_gmt":"2022-05-25T02:23:29","guid":{"rendered":"https:\/\/www.aplf.com\/2022\/05\/25\/automotive-china-car-sales-plunge-due-to-covid-policy\/"},"modified":"2022-05-25T10:23:36","modified_gmt":"2022-05-25T02:23:36","slug":"automotive-china-car-sales-plunge-due-to-covid-policy","status":"publish","type":"post","link":"https:\/\/www.aplf.com\/zh-hans\/2022\/05\/25\/automotive-china-car-sales-plunge-due-to-covid-policy\/","title":{"rendered":"Automotive &#8211; China car sales plunge due to covid policy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20780\" data-post-id=\"20780\" data-obj-id=\"20780\" class=\"elementor elementor-20780 dce-elementor-post-20780 elementor-20764\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-372d15d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372d15d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-865f172\" data-id=\"865f172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35eab76 elementor-widget elementor-widget-text-editor\" data-id=\"35eab76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>25 May 2022<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f231751 elementor-widget elementor-widget-heading\" data-id=\"f231751\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"\">Automotive - China car sales plunge due to covid policy<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a08a724 elementor-widget elementor-widget-text-editor\" data-id=\"a08a724\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>New car sales in China plunged by 48% in April, according to the China Association of Automobile Manufacturers (CAAM), writes <a href=\"https:\/\/leatherbiz.com\/\" target=\"_blank\" rel=\"noopener\">Leatherbiz<\/a><\/p><p>\u00a0<\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-20766\" src=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2022\/05\/image-37-500x333.jpg\" alt=\"\" width=\"500\" height=\"333\" srcset=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2022\/05\/image-37-500x333.jpg 500w, https:\/\/www.aplf.com\/wp-content\/uploads\/2022\/05\/image-37.jpg 540w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><br \/><span style=\"color: #008000;\">Geely Motor Group<\/span><\/p><p><br \/>A little under 1.2 million units sold in April, down from 2.25 million in the same month last year. Strict lockdowns in key cities nationwide as part of the zero-covid policy have had a major impact on automotive sector sales.<\/p><p><br \/>With its 25 million inhabitants, Shanghai, has been under lockdown orders since early April and other cities such as Beijing and Guangzhou are being closely monitored.<\/p><p><br \/>Automakers have been directly affected by the lockdowns and have also struggled with severe disruption to supply chains and logistics, while sales activity was also halted in the affected areas. Total vehicle production fell by 46% in April.<\/p><p><br \/>In the first four months of the year, total vehicle sales decreased by 12% to 7.7 million units from 8.75 million a year earlier. In the same period passenger car sales fell by 4.2% but commercial vehicle sales were hit badly and declined by 40%.<\/p><p><br \/>One sector of the auto industry that did better statistically were sales of new energy (NE) vehicles, which includes electric and hybrid. These grew by 45% to almost 300,000 units in April, although the growth rate has slowed. All the same, the increase in sales of NE vehicles was 112% from January to April with more than 1.5 million units.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-516b9ba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"516b9ba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6081fe\" data-id=\"b6081fe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d853ad elementor-widget elementor-widget-spacer\" data-id=\"8d853ad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>25 May 2022 Automotive &#8211; China car sales plunge d&hellip; <a class=\"more-link\" href=\"https:\/\/www.aplf.com\/zh-hans\/2022\/05\/25\/automotive-china-car-sales-plunge-due-to-covid-policy\/\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">Automotive &#8211; China car sales plunge due to covid policy<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-20780","post","type-post","status-publish","format-standard","hentry","category-industry-news-sc","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Automotive - China car sales plunge due to covid policy - APLF Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aplf.com\/zh-hans\/2022\/05\/25\/automotive-china-car-sales-plunge-due-to-covid-policy\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automotive - China car sales plunge due to covid policy - APLF Limited\" \/>\n<meta property=\"og:description\" content=\"25 May 2022 Automotive &#8211; 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