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The state issued 13.7 billion new energy subsidies, and BYD took more than 4 billion.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)03/17 Report--

A few days ago, the Ministry of Industry and Information Technology issued a public notice on the liquidation and examination of subsidy funds for the promotion and application of new energy vehicles in 2017. enterprises subsidized about 400000 New year energy vehicles, involving 13.696 billion of the subsidy funds. BYD is still the big winner of this subsidy.

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According to the public information, a total of 417530 new energy vehicles can apply for subsidies, with a subsidy of 13.696 billion yuan, but this time only 3.3 billion of the funds are allocated for subsidies, and the proportion of funds is only 24%. According to the new energy vehicle data released by the China Automobile Association in 2019, 1.206 million new energy vehicles were sold, meaning there are still 796000 outstanding.

It is understood that the Ministry of Industry and Information Technology's examination of new energy vehicles has become more stringent. Some new energy vehicles that do not meet the declared quantity requirements, do not meet the mileage requirements, fail to upload operation data in accordance with the relevant requirements, or fail on-site verification will not pass the audit.

In the end, BYD, BAIC and Yutong bus subsidies ranked in the top three, with 4.36 billion yuan, 1.71 billion yuan and 1.46 billion yuan respectively. Brilliance BMW, Jiangling Motor, SAIC Volkswagen and other car companies did not receive subsidies.

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Among them, BYD became the new energy vehicle production brand with the largest amount of subsidized funds that year, with a cumulative amount of 4.358 billion yuan. The funds were obtained by two main engine factories of the BYD system, BYD Automotive Co., Ltd. And BYD Automotive Industry Co., Ltd.

The second was BAIC Group, which received a cumulative subsidy of 1.711 billion yuan, which was obtained by Beijing Automobile Co., Ltd., BAIC Foton Automobile Co., Ltd., and Beijing New Energy Automobile Co., Ltd.

Yutong bus has become the highest subsidy among new energy commercial vehicle enterprises, with a cumulative subsidy of 1.459 billion yuan.

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Although most of those who receive new energy subsidies in 2019 are independent brands, great changes have taken place in the new energy vehicle market. With the influx of more and more joint venture companies, the subsidies in the new energy vehicle market will also be divided. Since Tesla did not start production until the end of 2019, he was not on the list of subsidies for that year. However, it will become the best-selling electric brand in China in 2020 and may receive a lot of government subsidies in 2020.

At present, the subsidies for new energy vehicles are accelerated to decline, and local subsidies are also gradually withdrawn, and the application and examination conditions tend to be stricter in the future. It will only be more difficult for car companies to get new energy subsidies. At the same time, the withdrawal of subsidies also accelerates the development of the new energy industry from policy promotion to market promotion.

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