According to the statistics of the Ministry of Public Security, as of June 2020, the national motor vehicle ownership amounted to 360 million, of which, the car ownership amounted to 270 million, the motorcycle ownership amounted to 68.896 million, and the new energy vehicle ownership amounted to 4.17 million, which is an increase of 360,000, or an increase of 9.45%, compared with the end of last year.
The development speed of the market scale of China's auto parts industry tends to stabilize, and the statistics of China Association of Automobile Manufacturers (CAAM) show that in 2018, China's auto parts manufacturing enterprises realized a sales revenue of 4 trillion yuan, a year-on-year increase of 7%, and the overall situation tends to be good, and it is expected that in 2020, the sales revenue of China's auto parts industry will reach 4.61 trillion yuan. With the development of the innovation environment in the field of automotive parts and components to the good, the policy continues to optimize, the industrial chain continues to improve, automotive parts and components as an important part of the overall competitiveness of the automobile, still has a greater opportunity for development.
Under the stable development of the automobile and parts industry, the development of recycling in the field of parts and components will be driven synchronously. 2019, the number of motor vehicles recycled in the country reached 2.295 million, up 15.3% year-on-year, of which 1.951 million were automobiles, up 16.8% year-on-year, and 344,000 were motorcycles, up 7.1% year-on-year.00