5G connected car sales in China to exceed 7 million units by 2025

CIW Team — Tue, 29 Dec 2020 01:30:30 +0000

5G connected car sales in China will grow to 7.1 million units in 2025, accounting for 40% of the country’s total connected car sales volume, according to the latest research by Counterpoint.

Currently, 4G dominates China’s connected car market. The sales volume of 4G connected cars are expected to reach 7.8 million units in 2020 to account for 95% of the country’s total connected car sales volume.

With 5G seeing a fast rollout in China and the automotive industry expected to grow faster starting 2021, the share of 5G connected car sales will show rapid growth.

Government incentives such as a plan to issue US$535.6 billion (RMB 3.7 trillion) special-purpose bonds in 2020 to promote strategic sectors like 5G, Made in China 2025 will also drive 5G adoption by China’s automotive industry.

The three state-owned telecom operators in China – China Mobile, China Unicom, and China Telecom – are expected to invest around $184 billion in 5G networks by 2025.

China’s connected car ...

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China Automobile Market Overview in August 2014

Cecilia — Mon, 06 Oct 2014 00:45:55 +0000

In August, the number of total produced vehicles exceeded 1,714.4 thousand with a decrease of 0.34% (QoQ) and 2.22% increase (YoY) in China. The number of sales volume increased to 1,715.6 thousand with a QoQ increase of 6.02% and YoY increase of 4.04% according to data of China Association of Automobile Manufacturers in August.

According to CAAM’s latest data, number of produced passenger vehicles was 1,481 thousand with a increasse of 0.57% (QoQ) and 6.72% (YoY) and commercial vehicles sales volume exceeded 247.4 thousand with a decrease of 4.94% (QoQ) and 16.36% (YoY) in August 2014. MPV had growth rate of 22.7% (QoQ) and 38.3% (YoY), it showed great potential in automobile market in China.

China Top 3 Passenger Vehicle Manufactures by sales in August were FAW-Volkswagen, Shanghai General Motors and Shanghai Volkswagen.

In August, the sales volume of China’s passenger vehicles was 545.1 thousand with an YoY increase of 5.69%, accounting for 37.13% of total sales volume in China. Passenger vehicles from Germany, Japan, America, South Korea and France accounted for 21.61%, 15.14%, 13.01%, 8.92% and 3.95% of total sales volume respectively.

It is estimated that China automobile market will have its recovery and it also depends on China’s macro-economy.

Also read: 82,070 Second-Hand Cars Sold Online in China in First Half of 2014