Despite the current impact of the auto industry by the epidemic, "lack of core" and other impacts, the global auto market in the first few months of this year showed a more sluggish state, but the Chinese auto market still maintains a better growth momentum.
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According to data recently released by the Automotive Market Research Branch of the China Automobile Dealers Association, China's new energy passenger vehicle sales from January to February 2022 were 734,000, exceeding Europe's 230,000 and North America's 140,000. China's global share of new energy passenger cars reached 65%, far exceeding Europe's 21% and North America's 12% share. Cui Dongshu, secretary general of the China Passenger Association, said, "The shift to market-driven new energy vehicles and the formation of a strong endogenous growth momentum are the main reasons why China is driving the growth of the global new energy vehicle market."
In terms of exports, China exported 165,000 new energy vehicles from January to February 2022, mainly to countries and regions such as Western Europe, Belgium and the United Kingdom.
The beautiful earnings report cannot be separated from the accelerating electrification process. For the world's largest new energy vehicle market - China, this year is more BMW, Mercedes-Benz to accelerate its investment in China, become its key investment market.
In February, BMW announced an increase in its stake in the joint venture company BMW Brilliance to 75% and extended the joint venture contract between the two sides to 2040. In addition, BMW is completing its third complete vehicle plant in Shenyang this year. "We are expanding our investment efforts in China," said BMW Group Chairman Qi Puzhe, "and this year we will launch five new energy vehicles in the Chinese market, including the all-electric 7 Series, which will make its world debut in April, meaning that BMW's all-electric product array will expand to the large luxury car segment ."
For its part, Mercedes-Benz, after putting into operation a new technology R&D center in Beijing last year, announced on March 18 the establishment of a R&D center in Shanghai, forming a "two-city innovation" R&D pattern in China. Chairman of the Board of Directors of Mercedes-Benz Group AG, Mr. Kang Lin Song, said, "Mercedes-Benz has always considered China as an important part of its global long-term strategic development goals and a key driver, and will continue to expand its investment in China in the future, as it will remain the most innovative and promising luxury car market in the next 10 years."
