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According to the data of the China Automobile Association, in November, China's new energy vehicle production and sales completed 110,000 and 95,000 respectively, an increase of 16% and 27.1%, respectively, and a decrease of 36.9% and 43.7% year on year. This is already a year-on-year decline in sales of new energy vehicles in China for five consecutive months.

Against this background, single-month sales of domestic new energy passenger car head companies including BYD, BAIC New Energy, SAIC Passenger Cars, Geely Automobile, etc. have also declined significantly, which has prevented many auto companies from approaching the new standards formulated earlier this year. Energy vehicle sales target.

After the end of the “transition period” for new energy vehicle subsidies in 2019, the China Automobile Association has announced that it would lower its expected sales of new energy vehicles this year, reducing the previously expected sales target of 1.6 million units to 1.5 million units.

However, the actual trend of the new energy vehicle market is not as expected. The China Automotive Association initially believed that after the sales volume was low after the end of the "transition period" in July and August, the domestic new energy vehicle market will recover in the traditional sales season of "Golden Nine and Silver Ten". But the expected "Golden Nine Silver Ten" did not arrive on schedule. The sales volume of "Silver Ten" reached a new low since October, and the sales volume of new energy vehicles in that month was only 75,000.

The unexpected trend of the new energy vehicle market makes it difficult to achieve the lowered sales target. According to the data of China Automobile Association, from January to November, the sales volume of new energy vehicles in China was 1.043 million, which only achieved 69.53% of the year-end expected target.

Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, once said, "In November and December of the same period last year, the sales base of new energy vehicles was relatively high. According to the current development trend, new energy vehicle sales will probably experience negative growth this year."