AutoBeta(AutoBeta.net)02/16 Report--

After the replenishment of new energy last year, the New year's energy car market remained in the doldrums for several months until the last month of 2019 saw a sharp rise in sales, hitting a new year's high. However, the new energy vehicle market plummeted again after a month, showing a year-on-year decline in July in a row.

According to the latest production and sales data released by the China Association of Automobile Manufacturers a few days ago, domestic production and sales of new energy vehicles fell sharply in January under the influence of the epidemic and the Spring Festival holiday, with production and sales of only 40000 and 44000 vehicles completed. year-on-year declines of 55.4% and 54.4%, respectively, have fallen to the lowest sales since 2019.

Due to the obvious decline in overall sales, new energy car companies are having a hard time, resulting in a large decline in sales of many traditional new energy vehicle companies, most of which have fallen by more than 50%, including domestic leaders of new energy vehicles such as BYD and BAIC.

According to the latest sales report released by BYD on February 10th, BYD sold 7133 new energy vehicles in January, down 75.1% from a year earlier. Of this total, sales of pure electric vehicles were 5144, down 68.3 per cent from a year earlier, while sales of plug-in hybrid vehicles were 1876, down 84.1 per cent from a year earlier.

However, BYD said, "in January, affected by the Spring Festival earlier than in previous years and epidemic factors, the overall market production and sales fell sharply compared with the same period last year." At present, terminal demand maintains the momentum of growth, and the company maintains confidence in sales growth after the epidemic. "

BAIC New Energy's start to 2020 is also not optimistic. According to the latest disclosure of BAIC Blue Valley, the subsidiary Beijing New Energy Automobile Co., Ltd. produced and sold 1602 vehicles and 2006 vehicles respectively in January, up 1028.17% and down 55.54% respectively from the same period last year.

In addition, the January production and sales data released by Great Wall showed that Euler, the pure electric brand of Great Wall, sold 1300 vehicles, down 65.6% from the same period last year, of which Euler iQ sold only 5, down 99.7% from the same period last year. Geely's January sales of new energy and electrified vehicles were 4762, down 47.2% from a year earlier; and JAC's January sales of pure electric vehicles were 2170, down 64.1% from a year earlier.

Although compared with traditional car companies, the sales of new power enterprises did not decline too much in January this year, and they are better than the overall market performance, but their sales volume accounts for a small proportion of the market share of new energy vehicles. As a result, the new car-building forces that have not yet formed a sales scale are also facing more challenges.

According to sales figures released by Xilai on February 10th, it delivered a total of 1598 new cars in January, down 11.5 per cent from a year earlier. Of these, 1493 were delivered by ES6 and 105 by ES8. Although sales have declined, it is obviously better than the performance of the new energy market.

NIO said that the decrease in delivery volume compared with the same period last year was caused by factors such as the reduction of the Spring Festival holiday in 2020 and the extension of the novel coronavirus epidemic holiday. In fact, there were only 16 effective delivery days in January this year. As a result, delivery in January fell by 49.59% from the previous month. The company expects manufacturing and delivery to be reduced in February due to extended holidays as a result of the epidemic.

In addition, according to the China Automotive Research Center, Xiaopeng G3 sold only 1073 units a month in January 2020; as for other luxury electric SUV, Tesla Model X had 367 cars, Audi e-tron 240, Mercedes-Benz EQC 61 and Jaguar I-PACE only 17.

It is not just car companies that have been affected. Due to the decline in the vehicle market, the installed capacity of power batteries in China was about 2.32GWh in January 2020, down 53% from the same period last year. Most of the domestic battery enterprises, such as Ningde era, BYD, Yiwei Lithium Energy, Lishen Battery, AVIC Lithium Power, Funeng Technology and so on, the installed capacity of power batteries has dropped sharply.

Obviously, a sudden epidemic has made the new energy vehicle market, which has been in the doldrums since the decline of new energy subsidies, even worse, so that the whole new energy industry chain has had a huge impact. Even in January this year, Miao Wei, minister of industry and information technology, said that the subsidy policy for new energy vehicles in 2020 will remain relatively stable and will not decline significantly, but 2020 will not be an optimistic year for the new energy vehicle market or the automobile industry as a whole.

The China Automobile Association believes that the automobile industry is originally a competitive industry, and the emergence of the epidemic will further reduce the performance of the market, and the ability of previously weaker enterprises to be hit will also be relatively weaker, such as new car manufacturers, which originally do not have much risk reserves. the pressure will be greater accordingly.

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