Industry new
New Energy Vehicle Overheating: Capacity Planning Exceeds 20 Million Units 10 Times Sales Planning
Policy to cool cars
Although
the "catfish effect" is conducive to the active market, the relevant
state departments have noticed the signs of excess capacity in new
energy vehicles. The policy has begun to shift, and the space for
speculators has continued to shrink. The state issued a new subsidy policy for new energy vehicles for 2017-2018, which is generally 20% lower than 2016. In May 2018, the regulatory authorities cancelled the 1882 free vehicle purchase tax models for new energy vehicles.
Increasingly stringent policies have made some speculators unsustainable in the market. In
September 2016, the Ministry of Finance penalized five “cheat up” new
energy vehicle companies such as Jinlong Automobile (14.500, -0.55,
-3.65%) and Shenzhen Wuzhoulong. The
data shows that in the first half of 2017, the net profit of Jinlong
Automobile dropped to RMB 38 million, a year-on-year decrease of over
70%; Shenzhen Wuzhou Dragon's operating revenue was RMB 4,862,200 and
the loss was RMB 5,552,400.
The
National Development and Reform Commission recently issued the “Special
Regulations on the Investment Management of the Automotive Industry
(Consultation Draft)” to establish a new independent pure electric
vehicle company (including the production capacity of cross-submersible
vehicles and commercial vehicle types for the construction of pure
electric vehicles in the existing automobile manufacturers). The
provinces where the investment projects are located should meet the
following four conditions: 1. The proportion of new energy vehicle
ownership is higher than the national average; 2. The charging
infrastructure of electric vehicles is relatively complete, and the
ratio of vehicle piles is higher than the national average; III. New
energy vehicles The
cleanup of zombie enterprises and zombie qualifications were all
completed. IV. The existing investment projects for new-built pure
electric vehicle enterprises have been completed and the output has
reached the construction scale.
According
to Jia Xinguang, an auto analyst, the relevant regulations are
tantamount to closing the door for those new-build vehicle makers that
aim at “circling money”. Only those new vehicle manufacturers that are
pragmatic to build cars can expect to receive production qualifications.
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kendy
Kendy