Industry dynamics

Data Talk: Japanese PV sales grow in China against overall downturn

Publishtime:2019/08/16 Views:42

Shanghai (ZXZC)- ZXZC's Data Talk is to end with the chapter of Japanese PV brands.

To simplify the expression, we use terms like "JP brands" or "JP PVs" to refer to those brands and PVs jointly built with or solely created by Japanese automakers.

Data Talk: Japanese PV sales grow in China against overall downturn

Since 2017, Japanese PV brands have been outpacing the entire PV market in terms of the sales volume in China. For the first half of 2019, JP PVs still gained a year-on-year sales growth of 4%, despite the 13.8% drop for the whole domestic PV domain.

Data Talk: Japanese PV sales grow in China against overall downturn

Market shares of JP PVs have been climbing in recent years. In the near term, its percentage in China's PV market will remain at over 21%.

Data Talk: Japanese PV sales grow in China against overall downturn

In terms of the share in JP PVs, the growth of SUVs and sedans is quite stable. Among JP MPV models sold on the market, only the Odyssey got a year-on-year increase in first-half sales volume. 

Data Talk: Japanese PV sales grow in China against overall downturn

The top 3 JP brands by H1 2019 sales volume in China was Honda, Toyota and Nissan. Both Honda and Toyota boasted evident year-over-year growth, while Nissan saw a slight drop from the prior-year.

Data Talk: Japanese PV sales grow in China against overall downturn

Here are the top 10 JP PV, car, SUV and MPV models by the sales volume for the first half of 2019:

Data Talk: Japanese PV sales grow in China against overall downturn

Data Talk: Japanese PV sales grow in China against overall downturn

Data Talk: Japanese PV sales grow in China against overall downturn

Data Talk: Japanese PV sales grow in China against overall downturn