New Energy Automobile Market Boom To Expand Chinese And Foreign Car Companies Make Quick Preparations To Accelerate The Layout

- Dec 01, 2017 -

From setting up a double-point policy to raising the proportion of loan issuance to the official opening of special plates in various cities, the new energy automobile industry has even welcomed the good news in the near future. Experts said that thanks to continued policy support, the scale of production and marketing of new energy vehicles in China showed a rapid growth. According to this trend, by 2020, China's new energy vehicle sales are expected to reach 2 million. At present, both domestic and foreign automobile enterprises have expanded their investment in and production of new energy vehicles, and the competition in this field may be intensified in the future.


Perfect: continually promote good policies for new energy vehicles

At the end of last year, Shanghai, Nanjing and other five cities piloted the launch of special license plates for new energy vehicles. Recently, 12 plates of new energy vehicles were officially launched in 12 cities such as Chengdu, Henan, Zhengzhou and Hefei in Anhui Province. This reporter learned that, according to previous plans, is expected in the first half of 2018, all cities in the country will fully enable the new energy vehicles special plate.

This year, a series of favorable policies for new energy vehicles have been promulgated one after another, especially in the last two months, the industrial policy system is accelerating and improving.

Earlier this year, the State Council promulgated the "13th Five-Year Plan for Comprehensive Energy Conservation and Emission Reduction" and proposed to accelerate the development and expansion of a number of strategic emerging industries including new energy vehicles. By 2020, the output value of green and low-carbon industries such as new energy vehicles will exceed 10 trillion yuan and will become a pillar industry. The "Proposal" required that the proportion of purchases of new energy vehicles by government agencies and public agencies in central government agencies and new energy vehicles cities in the application of new energy vehicles to the total number of vehicles equipped with updated vehicles in that year be raised to over 50%.

In September, the Ministry of Industry and Information Technology, the Ministry of Finance and the Ministry of Commerce jointly promulgated the "Administrative Measures on Average Fuel Consumption and New Energy Vehicle Points for Passenger Vehicle Enterprises" to promote the development of energy-saving and new-energy automobile industry. The Measures introduced a double integration policy such as the average fuel consumption point and the new energy vehicle point of the enterprise, and gradually canceled the purchase of subsidies. The annual production or import volume of traditional energy passenger vehicles has reached more than 30,000, and the proportion of new energy car points set from 2019 will be 10% and 12% respectively in 2019 and 2020.

In November, the Central Bank and the China Banking Regulatory Commission jointly issued the Circular on Relevant Policies for Adjusting Auto Loans. Since January 1, 2018, the maximum loan ratio for self-use and commercial new-energy auto loans was 85% and 75% respectively, both higher than Traditional power car 5 percentage points. According to the two departments, the adjustment of auto loan policy aims at enhancing the supply of automobile consumer credit market, releasing the diversified consumption potential and promoting the economic development of the green industry.

The industry believes that the introduction of dual-credit policy and improve the proportion of new energy vehicles to help reduce the financial burden on the government to play a leading role in the market to promote the healthy development of new energy automotive industry. Relevant person in charge of China Association of Automobile Manufacturers told the "Economic Information Daily" reporter, new energy vehicles is to achieve a breakthrough in the country's automotive powerhouse. The recent favorable policies for new energy vehicles continue to be introduced, reflecting the government's strategic guidance and support for new energy vehicles.


Expansion: New energy vehicles production and marketing rapid growth

The official said that according to China Association of Automobile Manufacturers estimated that by 2020, China's new energy vehicle sales is expected to reach 2 million.

In recent years, the market for new energy vehicles has expanded rapidly. The latest statistics from the China Association of Steam Turbines show that the production and sales of new energy vehicles all showed a year-on-year increase. In October, the sales volume of new energy vehicles was 92,000 units and 91,000 units respectively, up 85.9% and 106.7% respectively over the same period of last year. From January to October this year, the production and sales of new energy vehicles completed 514,000 units and 490,000 units respectively, up 45.7% and 45.4% respectively over the same period of previous year. According to the statistics from the Ministry of Industry and Information Technology, China has now become the largest production and sales market for new energy vehicles in the world. In 2016, the production and sales of new energy vehicles in China exceeded 500,000 vehicles and accumulated more than 1 million vehicles, accounting for 50% of the global total.

According to the Medium and Long-Term Development Plan of the Automobile Industry issued by many ministries and commissions, China has set its overall goal of "striving to become a world leader in automotive power after 10 years of hard work. By 2025, new energy vehicles account for more than 20% of automobile production and sales." Analysis of several industry authoritative reports said that the current competitiveness of China's new energy automotive industry has improved, mainly due to the continued support of new energy vehicles and the rapid growth of the scale of production and marketing, according to this trend, by 2020 2 million The goal of the production and marketing scale is promising.

It is worth mentioning that, in addition to the national level issued a series of policy red envelopes, all regions are also increasing efforts to support the development of new energy automotive industry. According to the medium and long-term development plan recently announced by Shanxi Province, the province will have to produce 300,000 electric vehicles by 2020. By 2025, new energy vehicles will become the leader of the automobile industry in Shanxi Province. In Chengdu, Sichuan Province, this year the city introduced a number of programs such as popularization and application of new energy vehicles and construction of charging infrastructures. It proposed a plan to build 30,000 new and new energy vehicles in the city in three years. By the end of 2019, the city's new energy vehicles Accumulation of up to 48,000 units, 600 new charging stations, charging pile 67,000, to meet the more than 70,000 EV charging needs.

However, some industry insiders remind that there are still some constraints in the development of new energy vehicles in our country. For example, the policy expectations are not clear, the subsidy policy lags behind, and many places have not yet introduced the policy of subsidies for new energy vehicles. The charging infrastructure is still not perfect. New energy sources Car charging is not easy; lack of market momentum, the current focus of new energy vehicles in several major cities, other cities, private purchase low willingness.


Outlook: Chinese and foreign car prices positive layout of new energy vehicles market

It is worth mentioning that, in the limit line number, subsidies and other multiple roles, own brand occupy more than 90% of domestic new energy vehicles market share. According to the statistics of the National Passenger Car Market Information Association, brands such as BYD, Zhidou, Beiqi New Energy, Chery New Energy and SAIC Roewe lead the sales of new energy vehicles.

This also further enhances the determination of domestic auto makers to develop new energy automotive industry. Changhua Automobile President Zhu Huarong recently said at China International Energy Conservation and New Energy Auto Show that it will stop completely the sale of traditional fuel vehicles in 2025 to electrify full-spectrum products . Changan Automobile has also become the first car manufacturer to show off the schedule of fuel prices.

At the same time, the domestic car prices for new energy vehicles R & D capabilities are also becoming stronger. In an interview with the "Economic Information Daily" reporter, Jianghuai Automobile official said that as one of the earliest companies engaged in the R & D, production and application of new energy vehicles in China, JAC has identified, tackled and accumulated the "Iteration R & D" A number of electric car core technology, formed a positive product development capabilities.

On the other hand, by the strong impact of the development of domestic new energy vehicles, foreign car companies have also stepped up their investment and production in China. This reporter has learned that the Volkswagen Group plans to provide 400,000 new energy vehicles to Chinese consumers by 2020, which will grow to 1.5 million by 2025 and will invest more than 100 with joint-venture partners in the field of electric mobility Billion euros. In response to China's double-integration policy for new energy vehicles, Japan's Toyota Motor Corporation has started to work together with two Chinese companies that work with them on the production of pure electric vehicles and will start selling them as soon as 2019. Germany Daimler also recently announced it will invest 680 million euros in the Chinese market for the expansion of electric vehicles and battery production.

Analysis of the industry believes that the European, Japanese and Japanese auto companies in the face of China's huge new energy automotive market, are actively preparing for the initiative. Car manufacturers in all countries closely followed China's policies on new energy vehicles and actively made adjustments and responses. In the future, domestic and foreign auto companies in the field of competition or will intensify.

Source: China Battery Network

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