China Automobile Industry Association said on the 13th that in November 2021, automobile production and sales continued to grow month on month, but continued to decline year-on-year. The new energy vehicle market demand is still strong, production and sales continue to reach a new high, and consumers' acceptance of new energy vehicles is getting higher and higher. The new energy vehicle market has changed from policy driven to market driven. According to the latest statistics of China Automobile Industry Association, in November this year, automobile production and sales completed 2.585 million and 2.522 million respectively, with a month on month increase of 10.9% and 8.1% respectively, but still decreased by 9.3% and 9.1% respectively year-on-year. The production and sales situation was better than the forecast at the beginning of the month. Compared with the same period in 2019, the output decreased by 0.5% year-on-year, and the sales increased by 2.5% year-on-year. In the first 11 months of this year, 23.172 million and 23.489 million vehicles were produced and sold respectively, with a year-on-year increase of 3.5% and 4.5% respectively, and the growth rate continued to drop by 1.9 percentage points compared with the previous 10 months. Compared with the same period in 2019, the production and sales increased by 0.5% and 1.5% respectively year-on-year, the output growth decreased by 0.1 percentage points compared with the previous 10 months, and the sales growth increased by 0.1 percentage points compared with the previous 10 months. At the same time, the market demand for new energy vehicles is still strong, and the production and sales continue to reach a new high. In November, the production and sales of new energy vehicles were 457000 and 450000 respectively, with a year-on-year increase of 1.3 times and 1.2 times respectively, and the production and sales continued to set a new record. In the first 11 months, the production and sales of new energy vehicles were 3.023 million and 2.99 million respectively, with a year-on-year increase of 1.7 times, and the market penetration reached 12.7%, higher than that in the first 10 months. Automobile exports also maintained a rapid growth year-on-year. In November, automobile enterprises exported 200000 vehicles, a year-on-year increase of 59.1%, of which the contribution of new energy vehicle export growth was 32.9%. In the first 11 months, automobile enterprises exported 1.793 million vehicles, a year-on-year increase of 1.1 times. Looking forward to the future automobile market, China Automobile Industry Association said that with the continuous effectiveness of policies and measures such as stabilizing market prices, the price of raw materials has dropped. The automobile industry has overcome the impact of tight chip supply and epidemic situation, and the overall production and marketing situation is slightly better than expected at the beginning of the month. In the future, with the steady and positive development of macro-economy, the demand for automobile consumption is still stable, but there is still uncertainty on the supply side, the problem of tight chip supply still exists, and there is a potential risk of supply interruption in the industrial chain in the automobile industry. (outlook new era)