AutoBeta(AutoBeta.net)09/05 Report--

At the 2021 International Forum on the Development of China Automotive Industry (Teda) held on September 4, Feng Xingya, general manager of GAC GROUP, said that GAC GROUP plans to achieve 3.5 million vehicle sales by 2025, accounting for more than 25% of new energy vehicle sales. among them, independent brand sales reached 1 million, fully electrified, strive for new energy vehicles to account for 50% of their own brands, and the proportion of new energy vehicles connected to the Internet will reach 100%. In addition, Feng Xingya revealed that GAC is actively exploring the use of power exchange mode in more models and even the whole model, so as to promote and participate in the construction of smart cities and energy ecology.

At the forum, FAW of China has a similar goal. Wang Guoqiang, deputy secretary of the party committee of China first Automobile Group Co., Ltd., said that except for vehicles with special needs in individual countries, all products of the Red Flag brand will be fully electrified by 2030. By 2025, Red Flag will launch a total of 28 new products, with total sales of more than 1 million vehicles. Among them, 15 new energy vehicle products will be launched, and new energy vehicle sales will account for 40% of Hongqi brand's total sales, which will exceed 400000.

According to the "Development Plan of New Energy vehicle Industry (2021-2035)" issued by the General Office of the State Council, it is pointed out that in 2025, the competitiveness of China's new energy vehicle market has been significantly enhanced, and the sales volume of new energy vehicles has reached about 20% of the total sales of new cars. In addition, Zhang Hong, secretary-general of the New Energy Branch of the China Automobile Circulation Association, has also said publicly that the new energy market is bound to pick up gradually after the epidemic, and sales of new energy vehicles in China are expected to reach 8 million in 2025. From this point of view, GAC GROUP to 2025 independent new energy vehicle sales of 500000, FAW Red Flag for 400000, as the domestic mainstream independent brand, the goals of the two car companies are not exaggerated.

GAC GROUP's new energy vehicle brand is mainly Guangzhou Automobile Eian, which currently has four models on sale, including Aion S, Aion V, Aion LX and Aion Y, covering cars and SUV. According to the data, the cumulative sales of GAC Ean in the first half of 2021 was 43000 vehicles, an increase of 112.03% over the same period last year, and the annual sales are expected to exceed 100000 vehicles in 2021. Based on GAC GROUP's goal, it means that GAC EAN will achieve 100% year-on-year growth every year. With the investment and research and development of technology and products, GAC Ean's sales will still be able to grow steadily in the future, but whether it can achieve 100% annual growth remains to be considered.

Let's take a look at FAW Red Flag. Although Red Flag has improved in the market in recent years, its products in the new energy market are still very limited, with only three models, E-HS3, E-HS9 and E-QM5, whose sales performance is very low in the market. As the first new energy vehicle under FAW Hongqi, E-HS3 sold only 583 vehicles in the first half of the year. As a new energy vehicle with a price of up to 500000 yuan, E-HS9 has a relatively small audience, with an average monthly sales of about 300 vehicles. As for Red Flag E-QM5, it is a product that focuses on the travel market and is not aimed at personal consumption, so it is unlikely to rely on E-QM5. Therefore, although FAW Red Flag has become an independent head brand, it is necessary to develop and launch more cost-effective new energy vehicle products in order to achieve the sales target of 400000 new energy vehicles by 2025.

New energy vehicles have also become the tuyere position of the automobile industry, and many countries have successively introduced timetables for banning the sale of fuel vehicles and relevant policies to support the development of new energy vehicles, and most car companies have also echoed the market. announced that it is about to become a pure electric vehicle brand. According to relevant data, 2.84 million new energy passenger vehicles were sold worldwide from January to July, with China accounting for 48 per cent of the market share. The production and sales of new energy vehicles in China from January to July in 2021 are 1.504 million and 1.478 million respectively, exceeding last year's annual production and sales of 1.366 million and 1.367 million. It is not difficult to see the upward trend of new energy vehicles.

The development of new energy vehicles is the only way for our country to move from a big automobile country to an automobile power, and it is a strategic measure to deal with climate change and promote green development. According to the New Energy vehicle Industry Development Plan (2021-2035), new energy vehicle sales will reach about 20% of the total new car sales by 2025, and pure electric vehicles will become the mainstream of new vehicle sales by 2035. However, at present, new energy vehicles are in the stage of policy guidance to market promotion, which requires long-term policy support and guidance. If relevant policies such as new energy subsidies fall back, then the development of new energy vehicles must not be so optimistic.

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