New Energy Vehicle Subsidy Policy Released

New Energy Vehicle Subsidy Policy Released China's total production and sales volume of pure electric vehicles and plug-in hybrid vehicles will reach 500,000 by 2015, and according to a rough estimate by the China Securities Journal, the total planned production capacity has exceeded 500,000 vehicles.

Analysts pointed out that the release of a new round of subsidy policies for new energy vehicles will boost the market for new energy vehicles. However, the current market demand for new energy vehicles is mainly concentrated in the fields of public services and bus, and whether the private market can be opened is the key. If demand cannot keep up, there will be excess risk in production capacity.

Dongfeng opened a new energy plant Dongfeng Passenger Vehicle New Energy Plant started construction recently. The one-time plant construction plan was implemented in two phases, with a production capacity of 160,000 units and an investment of 2.4 billion yuan in the first phase. It is expected to be completed and put into production by the end of 2014. The planned Dongfeng Passenger Vehicle New Energy Plant covers an area of ​​more than 400 acres, including three major processes of welding, painting, and assembly, and electric vehicles and electronics workshops. It is mainly used for energy-saving and hybrid production of new energy vehicles and traditional automobiles. According to the arrangement, the new factory will give priority to the protection of the production of its own brand new energy vehicles. When the demand for new energy vehicles is insufficient, traditional cars will be produced.

In fact, Dongfeng Motor Co., Ltd. released a new energy vehicle plan as early as 2010, clearly pursuing purely electric cars as the mid- and long-term strategic goals, using hybrid power as a phased key target and the focus of current industrialization, and combining traditional car energy conservation with a foothold. Integrated vehicle integration and vehicle control, integration of core resources such as batteries and motors, establishment of common technical advantages, and exploration of commercial applications of pure electric vehicles.

According to reports, Dongfeng plans to invest no less than 3 billion yuan in special funds within 5 years from 2010 to be used for product technology development and industrialization of energy-saving and new energy vehicles. At present, there are more than 40 models and over 1300 energy-saving and new energy vehicles are being operated throughout the country. According to the Dongfeng New Energy Vehicle Plan, the number of Dongfeng Zhonghe hybrid vehicles will reach 100,000 by 2015. By 2020, Dongfeng energy-saving and new energy vehicles will have the same competitiveness as traditional automobiles.

The crowded car companies have laid out China's implementation of the new energy vehicle subsidy policy in 2009 for a period of three years. After the policy expired at the end of last year, a new round of subsidy policy was introduced in September this year. The industry generally believes that the tendency of local protectionism and the lack of charging facilities have become obstacles to the development of new energy vehicles. The implementation of a new round of subsidy policies is expected to solve these problems to a certain extent, thus promoting the development of new energy vehicles.

According to the previous plan, China plans to achieve a total production and sales volume of pure electric vehicles and plug-in hybrid vehicles by 500,000 by 2015. From the current sales situation, it is difficult to achieve this goal.

According to data from the China Automobile Association, the production and sales of new energy vehicles in China witnessed rapid growth in the first half of the year. In the first half of this year, China produced 5,885 new energy vehicles, an increase of 56.3% year-on-year, of which 5,111 were pure electric vehicles and 774 were plug-in hybrids. The number of new energy vehicles sold was 5,889, an increase of 42.7% year-on-year, among which 5,114 were pure electric vehicles and 775 were plug-in hybrids. The reason for the larger increase is that the base figure was lower last year, but sales are still unsatisfactory.

Even so, new energy vehicles have become a must-have place for car companies, and they have invested heavily in R&D in this area. BAIC established the New Energy Automobile Company in 2009. The company integrates R&D, production, and manufacturing into a single entity. This will enable Beiqi's own brands to fully realize new energy. It is expected to reach an annual output of 150,000 new vehicles during the "12th Five-Year Plan" period. Energy vehicle development plan. SAIC also proposes magnificent goals. In the future, it will strive to achieve a 20% share of domestic new energy vehicle market and promote the development of commercial new energy vehicles. In addition, Guangzhou Automobile, Changan Automobile, BYD, Geely and other car companies also have a lot of action in the new energy vehicle market.

Insiders pointed out that policy support is a boost for the development of new energy vehicles in China. However, the New Deal still needs to be implemented and the effect remains to be seen. In particular, whether the New Deal can truly break local protectionism, support the introduction of infrastructure construction rules, and how to stimulate the private consumer market, many issues still need to be observed.

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