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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > Industry Report >
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AutoBeta(AutoBeta.net)04/01 Report--
China's new energy industry has developed rapidly through large subsidies, license restrictions and other measures. China sold 1.25 million new energy vehicles in 2018, while global sales were 2 million, accounting for more than half of global sales again, reaching 62.5 per cent. However, after the official announcement of the new energy subsidy policy in 2019, the decline of more than 50% has once again dealt a heavy blow to China's new energy industry, and many analysts say that without subsidies, the industry will usher in a wave of reshuffle and closure.
At present, a number of car companies have taken measures not to raise prices for the time being, in order to maintain market competition and sales. In view of the fact that subsidies have been greatly reduced, the bosses of several electric car companies have expressed their position one after another: don't panic!
BAIC New Energy is the largest electric car company in China, with sales of 158000 electric vehicles in 2018, so BAIC will receive considerable financial subsidies for new energy.
Xu Heyi, chairman of BAIC, believes that the development of the industry has reached a critical turning point with regard to the reduction of subsidies and the full relaxation of restrictions on foreign investment shares, saying that this policy change will urge us to move forward courageously. "it will also speed up market clearance." it will be very difficult for those new energy vehicles that rely on subsidies, and it will be a big question whether they can survive or not. After all, no matter how much you subsidize, you can't make up for hematopoiesis, "says Hsu Ho-Yi.
It seems that BAIC is very confident in "surviving". At present, BAIC has not issued relevant measures to reduce subsidies, but BAIC said that the new subsidy policy may bring greater pressure at the initial stage, and does not rule out the adjustment of product prices.
In addition, Li Bin, chairman and CEO of NIO Motors, which is the leader in the delivery of new car-building forces in China, believes that it is normal for new energy vehicles to subsidize the slope, and that new energy vehicles cannot rely on subsidies, but should be promoted by their own product strength, services, and market-oriented forces.
Li Bin also said that subsidies played a very important role in promoting China's new energy vehicle industry in the early days, but the market also had subsidies, which led to a mixture of good and bad products in this market, and some people might even delve into this matter. "I think the withdrawal of subsidies now will at least bring market competition back to the products and services themselves."
He Xiaopeng, chairman of Xiaopeng Motor, also said in an interview, "the retrogression of the subsidy policy, I think, is very good and beneficial to the development of Xiaopeng Motor." Xiaopeng car in the subsidy slope policy, has been adjusted to the price, the average price increase of 27000 yuan, the reduction of subsidies lead to price increases need to be borne by users. Xiaopeng also plans to deliver 40,000 electric cars this year.
On March 26, the Ministry of Finance, the Ministry of Industry and Information Technology and other state ministries jointly issued a notice, announcing not only a 50% reduction in the subsidy standard for new energy vehicles, but also the abolition of local government subsidies for the purchase of new energy vehicles.
There are mainly the following changes:
1. Only electric vehicles with a range of more than 250km can get subsidies. Electric vehicles below 250km can cancel all subsidies. In addition, the subsidies are also divided into different stalls. The subsidy for driving range of 250,400km is 18000 yuan, and the subsidy for more than 400km is reduced from 50,000 to 25000.
two。 With the improvement of technical requirements, the energy density of the power battery system of pure electric vehicles is not less than 125WhPenh 125-140 according to 0.8 times subsidy, 140-160 subsidies according to 0.9 times, and more than 160 times the subsidy, while the highest in 2018 is 1.2 times.
3. The continuous driving mileage of plug-in hybrid passenger vehicle (including incremental program) shall not be less than 50km, otherwise there will be no subsidy.
4. Abolish local subsidies, abolish all local vehicle purchase subsidies after June 25, and turn them into subsidies for the construction and operation of charging infrastructure.
5. Set up a transitional period for subsidies, from March 26, 2019 to June 25, 2019.
For example, an electric vehicle with a range of 400km can receive a subsidy of 75000 yuan according to the 2018 policy, including 50, 000 yuan of state subsidy and 25000 yuan of land subsidy, while according to the latest 2019 policy, this electric vehicle can only receive a subsidy of 25000 yuan, which means consumers need to spend an extra 50, 000 yuan.
At the current level of development of new energy vehicles, the cost is still high, and the price is still higher than that of fuel vehicles. Government subsidies are very important. In other words, many car companies rely on subsidies to survive. The subsidy drop of more than 50% in 2019 will greatly affect the terminal price of new energy vehicles, and there will also be fluctuations in sales, which will be a big test for the industry, and electric enterprises will certainly spend a year of life and death.
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