According to the 2022 China Automobile Production and Sales Data released by the China Association of Automobile Manufacturers (hereinafter referred to as "CAAM"). The data shows that the production and sales of automobiles in the first quarter were significantly affected by the epidemic; But in the second quarter, with the effective control of the epidemic situation and the promotion of national policies, the automobile market gradually recovered from April, and monthly sales continued to grow year-on-year. As of December, automobile production and sales have shown growth for nine consecutive months.

At the press conference, Chen Shihua, the deputy secretary-general of the China Automobile Association, said that through the cultivation of the entire industrial chain of new energy vehicles over the years, each link has gradually matured, and the rich and diversified new energy vehicle products continue to meet market demand, and the use environment is gradually optimized and improved. Under these measures, new energy vehicles are increasingly recognized by consumers.

In 2022, the production and sales of new energy vehicles reached 1.366 million and 1.367 million, respectively, with a year-on-year increase of 7.5% and 10.9%, and the growth rate turned from negative to positive compared to the previous year. The China Association of Automobile Manufacturers predicts that in 2021, the sales of new energy vehicles may reach 1.8 million units, achieving a year-on-year growth of 40%.

As an important component of new energy vehicles, in car magnetic components are expected to grow rapidly in the future with the recovery of the domestic automotive industry market and the new energy vehicle production and sales reaching new highs.

According to data from the China Association of Automobile Manufacturers, the domestic sales of new energy vehicle magnets in the first quarter were 477000 units, of which SAIC GM Wuling sold 96674 units, accounting for 20.26%, making it the brand with the highest market share; Tesla sold 72934 vehicles, ranking second with a market share of 15.28%; BYD, ranked third, has a market share of 11.19% and a cumulative sales volume of 53383 vehicles. In addition, according to data released by various brands, NIO delivered a total of 27162 vehicles in the first four months of this year; The cumulative delivery volume of Xiaopeng Automobile and Ideal Automobile is equivalent, with 18487 and 18118 vehicles respectively; Nezha Motors has delivered a total of 11458 vehicles, exceeding 10000 vehicles; Zero Run has delivered a total of 5909 vehicles in the first four months.

In 2022, China's production and sales of new energy vehicles reached a historic high of 1.366 million and 1.367 million, respectively, with year-on-year growth of 7.5% and 10.9%. By vehicle model, the production and sales of pure electric vehicles reached 1.105 million and 1.115 million respectively, with year-on-year growth of 5.4% and 11.6%; The production and sales of plug-in hybrid vehicles reached 260000 and 251000 respectively, with year-on-year growth of 18.5% and 8.4%.