Golder Market February Report 2023

In February 2023, Gold's market performance was active. At the Shenzhen International Auto Show, Gold displayed a number of new products. In addition, Gold's general manager Chen Wanli was elected vice chairman of the Ruian CPPCC. Ora Good Cat was listed in Hong Kong and Macau, helping Great Wall's new energy vehicle strategy. Affected by the chip shortage, global automobile production has been reduced by about 385,000 vehicles, with China accounting for 6.5%. The number of electric vehicle registrations in the United States increased to 5.6%, and Tesla's market share was slightly affected. In January, domestic narrow passenger car retail sales fell 37.9% year-on-year and 40.4% month-on-month. Sales of sedans, MPVs, and SUVs all declined, and new energy sales fell 6.3%.