Data Talk: the landscape of China-owned PV brands
From 2015 to 2017, China’s self-owned PV brands were growing faster than that of the overall PV market thanks to the preferential vehicle purchase tax and the SUV buying spree.
However, this advantage was fading away due to the fierce competition brought by the cooling market climate. Other factors that resulted in the gradual decrease in China-owned PV sales include the internally unbalanced landscape, insufficient preparation for the new emission standard transformation as well as the pretty large amount of inventory.
Considering the relatively weak anti-risk capabilities caused by the aforesaid reasons and the general downward market trend, the year-on-year growth of Chinese indigenous PV sales for both 2019 and 2020 is projected to be below the average level of the overall PV market.
Unlike the sluggish climate in traditional PV market, the new energy PV domain displayed a comparatively blooming performance during the first two quarters. The vigor also impinged on the Chinese indigenous NEVs, which made up nearly 90% of the overall NEV sales volume nationwide. The top 10 China-owned new energy PV models by first-half sales all posted significant growth over the year-ago period.
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