The fourth quarter is the traditional peak consumption season for the auto industry. Seize the opportunity in many places, introduce a new round of promotion measures, and invest “real money” to support the consumption of new energy vehicles. At the same time, under the support of a series of favorable policies such as new energy vehicles going to the countryside and halving the purchase tax, car companies are also actively deploying to promote the release of market potential with more high-quality supply.
Support overweight new energy vehicles to welcome a new round of benefits
The maximum subsidy is 8,000 yuan, and Lucheng District, Wenzhou City will distribute car consumption coupons; in order to promote car consumption, Sanya City will issue 20 million yuan of car consumption coupons; Shaanxi will invest a total scale of 100 million yuan in provincial financial subsidies to promote car consumption… The reporter noticed that recently, many places have introduced a new round of automobile consumption promotion policies, and some of them have increased the support for new energy vehicles.
For example, recently, Shaoxing City, Zhejiang Province issued “Several Policies for Promoting New Energy Vehicle Consumption in Shaoxing City”, which clarified that if a new energy vehicle is purchased before December 31, 2022 and a unified invoice for motor vehicle sales is obtained, 5,000-15,000 yuan will be given according to the purchase price. Subsidy per vehicle (including electricity subsidy and parking subsidy of 1,000 yuan each). In addition, those who meet the above policy subsidy conditions and scrap their old cars before December 31, 2022 will be given an additional subsidy of 2,000 yuan per vehicle ; those who meet the above policy subsidy conditions and transfer their own old cars before December 31, 2022 , an additional subsidy of 1,000 yuan per car is given to car buyers .
New energy vehicles are charging. People’s Daily Online Photo by Meng Fansheng
While local governments are increasing promotional subsidies, more support policies are being deployed at the national level. On October 26, the General Office of the State Council issued the “Tenth National Video and Telephone Conference on Deepening the Reform of “Decentralization, Regulation and Service” Reform of Key Tasks and Division of Labor Plan” (hereinafter referred to as the “Plan”). The “Plan” proposes to implement policies such as reducing the purchase tax of some passenger cars in stages, continuing to exempt the purchase tax of new energy vehicles, and relaxing restrictions on the relocation of used cars.
The “Plan” is clear when deploying specific measures, continuing to implement the policy of exempting vehicle purchase tax for new energy vehicles, organizing and carrying out a series of activities for new energy vehicles to go to the countryside and automobile “brand up”, to support the development of the new energy vehicle industry and promote automobile consumption.
A few days ago, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology jointly issued the “Announcement on Continuing the Policy on New Energy Vehicles Exemption from Vehicle Purchase Tax” (hereinafter referred to as the “Announcement”). The “Announcement” clarifies that new energy vehicles with a purchase date between January 1, 2023 and December 31, 2023 are exempt from vehicle purchase tax .
Multi-party promotion of market potential is expected to accelerate the release
While policy support is increasing, car companies also increase market development efforts. On the evening of October 27, GAC Group’s third quarter financial report for 2022 showed that in the first three quarters, GAC Group’s consolidated operating income was 79.976 billion yuan, a year-on-year increase of 45.10%.
The financial report shows that during the period, the sales of self-owned brand vehicles increased significantly compared with the same period last year, which led to an increase in income, especially the cumulative sales of “Aian” new energy vehicles this year exceeded 180,000 units, a year-on-year increase of 132.09%.
In the production workshop of a power battery manufacturer, technicians work on the lithium battery production line. Photo by Xinhua News Agency Xie Chen
GAC Group is also increasing the layout of power batteries, motors and other fields. Recently, Ruipai Power Technology Co., Ltd., jointly invested by GAC Group, GAC Aeon, and GAC Passenger Vehicle, was officially registered and established. Integration of testing and mass production.
At the same time, Yinpai Battery Technology Co., Ltd., jointly invested by GAC Aian, GAC Passenger Vehicle, and GAC Commercial, and held by GAC Aian, was officially registered and established with a total investment of 10.9 billion yuan to carry out battery self-research and self-production industrialization construction and Manufacturing and sales of autonomous batteries.
Weilai recently established a company, Weilai Battery Technology (Anhui) Co., Ltd. The new company has a registered capital of 2 billion yuan and is 100% controlled by Weilai Holdings Co., Ltd.
In June this year, NIO revealed that the company has a battery-related team of more than 400 people, and is deeply involved in the research and development of battery materials, battery cell and whole package design, battery management system, manufacturing process and other research and development work, and comprehensively establish and enhance battery system research and development and industrialization capabilities.
Experts pointed out that under the promotion of various parties, China’s new energy vehicle consumption is expected to continue its positive momentum, and the market potential will be released at an accelerated rate.
Recently, the operation of the automobile industry in September 2022 released by the China Association of Automobile Manufacturers also shows that in September, new energy vehicles continued to maintain rapid growth, and the monthly production and sales reached a new record high, reaching 755,000 and 708,000 respectively, a month-on-month increase of 9.3%. % and 6.2%, an increase of 1.1 times and 93.9% year-on-year; from January to September, the production and sales of new energy vehicles reached 4.717 million and 4.567 million respectively, an increase of 1.2 times and 1.1 times year-on-year.
Chen Shihua, deputy secretary general of the China Association of Automobile Manufacturers, and Xu Haidong, deputy chief engineer of the China Association of Automobile Manufacturers , said that the recently introduced new energy vehicle exemption policy for vehicle purchase tax will be extended to the end of next year, and the toll of trucks on toll roads in China will be reduced by 10% in the fourth quarter of this year. , In the fourth quarter, the government plans to reduce the standard of cargo port charges by 20%, and the country has successively issued documents to strengthen infrastructure investment and stabilize the real estate market. It is expected to have a good impact on the commercial vehicle market after its implementation in October. I believe that in the fourth quarter It will be better than the third quarter.
Cui Dongshu, secretary general of the National Automobile Market Information Association , also believes that since 2022, a series of policies to encourage consumption, including new energy vehicles going to the countryside and halving the purchase tax, have been launched successively, which has accelerated the recovery of the automobile market, especially the rapid growth of new energy vehicle consumption. . Recently, many places have introduced policies to promote automobile consumption, which has continuously stimulated the vitality of the automobile market. “As residents’ demand for quality consumption and green consumption gradually increases, the sales of new energy vehicles are showing a rapid upward trend.”
The China Association of Automobile Manufacturers predicts that China’s auto sales are expected to reach 27 million units in 2022, a year-on-year increase of about 3%; new energy vehicle sales are expected to reach 5.5 million units, a year-on-year increase of over 56%.