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Association news | 2023 Economic inventory of Ningbo Automobile and parts industry
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The year 2023 will be the first year to fully implement the spirit of the Party's 20 National Congress, and the year to recover economic development after three years of COVID-19 prevention and control.

Under the guidance of competent government departments at all levels, enterprises in the whole industry have gathered their strength and forged ahead, creating remarkable performance, and a number of indicators have reached a record high, promoting the automobile industry to achieve effective qualitative improvement and reasonable growth in quantity, and becoming an important driving force for industrial economic growth.

In 2023, the total automobile production and sales completed 30.161 million and 30.94 million, an increase of 11.6% and 12% respectively, and the production and sales reached a record high, achieving a high double-digit growth. Among them, the passenger car market continued a good growth trend, playing an important role in stabilizing the basic plate of automobile consumption; The commercial vehicle market stabilized and rebounded, with production and sales returning to 4 million units; New energy vehicles continue to maintain rapid growth, with production and sales exceeding 9 million units and market share exceeding 30%, becoming an important force leading the transformation of the global automotive industry. Automobile exports reached a new high, with annual exports approaching 5 million, effectively driving the overall rapid growth of the industry. By 2023, the number of motor vehicles in China will reach 435 million and the number of drivers will reach 523 million. The number of new energy vehicles in China exceeds 20 million. In 2023, China's cumulative load of power batteries 387.7GWh, an increase of 31.6%. According to the China Association of Automobile Manufacturers, the automobile market will continue to maintain a steady and good development trend in 2024, showing a growth of more than 3%.

In 2023, the total industrial output value of Ningbo's automobile and parts industry is estimated to be about 360 billion yuan according to relevant data, and the total industrial output value of enterprises on the plan is 337.71 billion yuan, an increase of 6.2%. The total vehicle output was 702,000 (-0.9% year-on-year), of which 190,000 were new energy vehicles (up 44.6% year-on-year). In the automobile industry and related fields in Ningbo, there are more than 360 enterprises with sales of over 100 million, 34 national individual champion enterprises (products), 82 national specialized and special new "little giant" enterprises, and 52 listed enterprises.

Recently, the secretariat of Ningbo Auto Parts Industry Association conducted a survey on the operation of its members, and according to the data feedback of more than 50 enterprises, the number of enterprises with an increase in sales in 2023 compared with 2022 accounted for 58%, 34% of enterprises with a decline, and 8% of enterprises with basically flat sales. The difficulties and problems faced by enterprises mainly focus on the following aspects: the external market competition is becoming increasingly fierce, and the internal labor cost is rising; The lack of technical personnel, especially senior R & D personnel, affects the development of enterprises; Land plant restriction, limited development; The foreign trade situation is complicated, and there are risks of continuous overseas orders; High material cost and low profit. According to the operation of some enterprises visited at the end of the year, the business sales of general enterprises and new energy vehicles have increased significantly, the business sales of traditional car enterprises have declined, and the enterprises involved in export business have also declined compared with previous years. With the automotive industry looking forward to 2024, most companies are forecasting growth.

Declaration: This article comes from the Ningbo Automobile and Parts Industry Association.If copyright issues are involved, please contact us to delete.

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