AutoBeta(AutoBeta.net)05/29 Report--

On May 29, the Shanghai Municipal people's Government issued the Shanghai Action Plan for accelerating Economic recovery and Revitalization, which pointed out that automobile consumption was vigorously promoted, 40,000 non-commercial bus licenses were added during the year, and the purchase tax on some passenger cars was reduced periodically in accordance with the requirements of national policy. Before December 31, 2022, individual consumers who scrap or transfer minibuses registered in Shanghai and meet the relevant standards, and buy pure electric vehicles, will be given a financial subsidy of 10000 yuan per car.

In addition to Shanghai, according to incomplete statistics, since the end of April, many places across the country have issued new policies to promote automobile consumption, including Shandong Province, Guangdong Province, Hubei Province, Jiangxi Province and so on. According to CCTV financial reports, in Shandong Province, from May 22nd to June 30th, individual consumers who buy and license new energy passenger cars will be issued 3000 to 6000 yuan consumption coupons per car according to the purchase amount, and 2000 to 5000 yuan consumption vouchers will be issued to individual consumers who purchase fuel passenger cars and license plates according to the purchase amount. In Guangdong Province, emphasis is placed on encouraging the purchase of new energy vehicles, with a subsidy of 8000 yuan per car for individual consumers to buy new energy vehicles that trade in old ones from early May to June 30. In addition, Guangzhou and Shenzhen also increased the distribution of automobile increment targets. From May to June, Guangzhou increased 30, 000 car purchase targets. In Hubei Province, from June to December, scrapped old cars and bought new energy vehicles subsidized 8000 yuan per car, and purchased fuel vehicles each subsidized 3000 yuan. In Jiangxi Province, car purchase lottery was used to stimulate automobile consumption. The total bonus was 46 million yuan, and the maximum personal bonus was 50, 000 yuan. And Changchun City, Haikou City and other places also through the purchase of cars in the form of consumption vouchers to promote car consumption.

Affected by the previous sporadic epidemic, the vehicle production and sales in the upper, middle and lower reaches of the automobile industry have been greatly affected, so the state and local governments have begun to help the automobile industry one after another. However, fortunately, the epidemic situation in various places has gradually improved, and the resumption of work in the automobile industry is also accelerating. At present, closed production and point resumption have been resumed in Jiangsu, Zhejiang and Shanghai, and it is expected to return to the normal level in June. Relevant reports point out that the output of key auto parts in the Pudong New area accounts for 10% of the country's output. By the end of May, all 21 top 100 automobile enterprises that accounted for more than 90% of the industrial output value of Pudong Automobile regulations had resumed production, driving more than 200 parts enterprises to resume production. More than 700 primary and secondary suppliers of SAIC GM and SAIC passenger cars have resumed work of more than 90%.

In addition, according to the latest news, Shanghai issued the Shanghai Action Plan for accelerating Economic recovery and Revitalization, pointing out that the "whitelist" system for enterprises to resume work and production will be abolished from June 1. Policies and measures, such as expanding the scope of enterprise epidemic prevention and eliminate virus subsidies, establishing and improving the supply chain mutual insurance mechanism of the industrial chain in the Yangtze River Delta, and unblocking domestic and international logistics and transportation channels, fully support and organize enterprises in various industries to resume work and return to the market. We will steadily increase the recovery rate of enterprises.

According to data from the Federation of passengers, retail sales in the passenger car market in April were 1.042 million, down 35.5% from a year earlier and 34.0% from a month earlier. The growth rate of domestic passenger car retail sales in April was the lowest in the month's history. According to the concern and analysis of the automobile industry, the main reason for the sharp decline in passenger car sales in April was the epidemic. Affected by the epidemic in Shanghai and Jilin, the already grim supply chain of the automobile industry became more tense, while logistics efficiency caused the end market delivery pressure. At present, the automobile market is gradually picking up. According to the latest data from the Ministry of Industry and Information Technology, 15 key automobile enterprise groups produced a total of 1.136 million vehicles from May 1 to 26, an increase of 51.3% over the same period last month.

With regard to the release of new policies to promote automobile consumption in many places, Wu Wei, an assistant professor at the China Energy Policy Research Institute, pointed out that in recent years, due to the impact of the epidemic, supply disruptions and purchase restrictions in some cities, the growth of car sales has stagnated. Recently, some cities have adopted stimulus policies such as increasing car targets and providing car purchase subsidies, which are of positive significance to boost the market. The auto market is expected to resume growth in the second half of the year. Cui Dongshu, secretary-general of the National passenger car Market Information Association, also said that local policies to encourage automobile consumption are more direct, can better release consumer consumption potential, and can boost sales in the short term.

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