Halfway through 2024, China's automobile market in the first half of the year showed resilience under the impetus of fierce price war, strong growth of new energy vehicles, accelerated development of smart Internet technology and the “old for new” policy.

 

 

 

According to Tide's statistics, the demand for on-board cameras of 17 major Chinese new energy vehicle enterprises in the first half of 2024 exceeded 21 million, which is close to the sum of last year's three quarters.

 

 

 

 

 

More than three months after the listing of millet car monthly sales exceeded 10,000; in June, BYD's new energy vehicle sales exceeded 340,000; Ideal Automobile delivered 47,774 units, the second highest in history; Sailix new energy vehicle sales of 44,126 units, an increase of 372.04% year-on-year; Azure, Extreme Krypton, and Leader of these new power car companies have also exceeded the 20,000 mark in monthly sales. From the first half of the sales data released by the car companies, in the new energy vehicle sales steady growth at the same time, the car companies have emerged between the strong stronger, weaker and weaker polarization trend.

 

 

 

 

Behind such rapid growth, there is no lack of quality supply chain, Chao Dian Think Tank went deep into the industry chain to dig out the current situation of the visual supply chain of hot-selling models, in which Sunny, Qiu Titanium, Ophiophoton, Lianchuang Electronics, and other domestic manufacturers have been on the list one after another, which represents the maturity of the domestic visual suppliers.

 

 

 

In terms of the ADAS perception category market, a long-term growth trend is expected to emerge. However, as functions such as panoramic and APA autonomous parking have not yet realized 100% standardization in new cars, the in-vehicle market share of surround view functions will still show an upward trend in the next 2 to 3 years.

 

 

 

“Multiple factors are superimposed, the pressure of business operations continues to increase, and the overall operation of the automotive industry is still facing considerable pressure.” China Association of Automobile Manufacturers deputy secretary-general Chen Shihua said that looking ahead to the second half of the year, the continued implementation of favorable policies such as trade-in, new energy vehicles to the countryside, as well as the gradual listing of new products by car companies will help to further unleash the potential for consumption in the automotive market, and help the automotive industry to develop steadily.