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Zhejiang Jiuzi New Energy Automobile Co., Ltd.
Investment Hotline: 400-616-7222
Consulting WeChat: WXID_ NCUBW3PR7JXB22Headquarters address: Room 210, 2nd Floor, Building 8, No. 48, Jiuhuan Road, Jianggan District, Hangzhou City, Zhejiang Province
Policy spring breeze to send warmth, new energy vehicles usher in a cardiotonic
On March 31, the executive meeting of the State Council decided to extend the purchase subsidy and purchase tax exemption policy for new energy vehicles for two years in order to promote automobile consumption. Securities agencies pointed out that the domestic epidemic relief and the implementation of policies are expected to further boost sales. The two-pronged approach of subsidies and emission assessments led by China and Europe will force auto companies to accelerate electrification. The global penetration rate is expected to reach 16-17% in 2025.
With the industry’s eager anticipation, the "chess" of the central government has finally settled, and the policy that exceeded expectations has once again brought warmth to the new energy vehicle market.
On March 31, the executive meeting of the State Council determined that in order to promote automobile consumption, one is to extend the purchase subsidy and purchase tax exemption policy for new energy vehicles for two years. Second, the central government has adopted awards for subsidies to support Beijing-Tianjin-Hebei and other key areas in phasing out diesel trucks with emission standards below National III. The third is to levy a value-added tax at a reduction of 0.5% of sales from May 1 to the end of 2023 for the sale of used cars by second-hand car dealerships. Among them, the most concerned is the extension of the new energy vehicle purchase subsidy and the purchase tax exemption policy for two years. Cui Dongshu, secretary general of the National Passenger Car Market Joint Council, said: The core of these policies is to promote environmental protection upgrades, improve the environment, and at the same time effectively promote the sustainable development of future automobile market consumption and promote automobile consumption upgrades. Especially to promote the sustainable development of new energy vehicles.
New energy vehicle stocks emerged
U.S. stocks fluctuated sharply on Tuesday. After opening lower, they turned up once again, then turned down again near midday, and then fluctuated down. The decline in late trading expanded. As of the close, U.S. stocks closed down across the board. Among them, the Dow fell 410.32 points, or 1.84%; the Nasdaq fell 74.05 points, or 0.95%; the S&P 500 index fell 42.06 points, or 1.6%.
This central-level policy is not a small benefit for the new energy automobile industry. Affected by this benefit, the US new energy automobile stocks have risen sharply, becoming the "slightly red in the green cluster" of US stocks. As of the close, Tesla shares rose 4.36% to $524. Weilai rose 2.58% to $2.78.
At the same time, today's domestic new energy vehicle sector has increased in volume. Nine stocks including Beite Technology, Yuebo Power, Star Semiconductor, and Jifeng Stock have their daily limit. Dangsheng Technology, Quanfeng Automobile, and Leo shares are among the top gainers. After the implementation of new energy subsidies in June last year, my country's new energy vehicle sales began to decline sharply, resulting in a 4.0% year-on-year decline in new energy vehicle sales in 2019 to 1.206 million units. This is the first time that my country's new energy vehicle sales have shown negative growth in the past ten years. One year. At the same time, the domestic new energy vehicle market has experienced an "eight consecutive decline." In February, the impact of the epidemic dropped sharply. The production and sales of new energy vehicles were 9,951 and 12,908, respectively, down 82.9% and 75.2% year-on-year. The automobile consumer market under the influence of the epidemic has been greatly impacted, and the new energy automobile industry has been under increased pressure. The industry believes that the continuation of the subsidy policy is conducive to stabilizing automobile consumption and ensuring the healthy operation of the industry.
Cui Dongshu said that the implementation of the new energy subsidy policy this time will drive output to 1.6 million units in 2020, an increase of 23% year-on-year; more importantly, it will make a good contribution to the continued growth of China's new energy market in the future. Especially with the rapid development of new energy in Europe and the rapid transformation, China must keep up with the international pace. He also emphasized: "Car companies should firm up the new energy transition route and strive to promote the transition of traditional vehicles to new energy."
Xiaopeng Motors CEO He Xiaopeng said on Weibo: "I believe this must be the biggest policy benefit of recent times. Thank the government! We just think that 2022 will be the beginning of a turning point for smart cars, with seamless connections." Previously, the Ministry of Industry and Information Technology. The released "New Energy Vehicle Industry Development Plan (2021-2035)" (draft for comments) once proposed that my country's new energy vehicle sales will account for about 25% by 2025, and the sales of new energy vehicles are expected to reach 700 by 2025. In 2019, the domestic sales volume was 1.206 million vehicles, and it will continue to maintain rapid growth in the next five years. At this time, the national policy is tantamount to sending charcoal in a snowy, extending the new energy vehicle purchase subsidy and the purchase tax exemption policy for two years, indicating that the country has further firmly supported the new energy vehicle industry.
Boosting auto consumption is coming one after another
Since February, the state has repeatedly issued signals to boost automobile consumption. On February 16, the "Seeking Truth" magazine published the spirit of the central government, calling for "actively stabilizing traditional bulk consumption such as automobiles, and encouraging car purchase-restricted areas to appropriately increase car license plate quotas to drive consumption of automobiles and related products." Since March, as the epidemic has eased day by day, guidance from the national level and the corresponding policies of local governments at all levels to boost auto consumption have followed one after another, and they have landed one after another. On March 13, 23 departments including the National Development and Reform Commission, the Ministry of Public Security, and the Ministry of Finance jointly issued the "Implementation Opinions on Promoting Expansion and Quality of Consumption and Accelerating the Formation of a Strong Domestic Market." The opinions stated that: Promote the shift from restrictions on automobile purchases to guidelines for use. Encourage areas with restricted car purchases to appropriately increase the number of car license plates.
On March 23, the General Office of the Ministry of Commerce, the General Office of the National Development and Reform Commission, and the General Office of the National Health and Health Commission jointly issued the "Notice on Supporting the Resumption of Business of Commercial Circulation Enterprises". Promote the introduction of new car purchase subsidies, car "old-for-new" subsidies, lift pickup restrictions in cities, and promote convenient transactions for second-hand cars. Organize car sales promotion activities. Commercial authorities in regions that implement car purchase restrictions should actively promote the optimization of car purchase restrictions and stability And expand auto consumption.
On March 26, the Ministry of Commerce's regular online press conference again mentioned the promotion of automobile consumption, especially the promotion of new energy consumption separately. In the next step, the Ministry of Commerce will encourage all localities to adopt measures to promote the consumption of new energy vehicles and carry out the exchange of old vehicles in order to further stabilize and expand the consumption of vehicles.
At present, Shandong, Jilin, Hainan, Foshan, Guangzhou, Zhuhai, Shenzhen, Hangzhou, Nanchang, Xiangtan, Changsha, Changchun, Ningbo and other provinces and cities have issued specific policies to stimulate car consumption through car purchase subsidies, relaxation of purchase restrictions, and trade-in. .
For example, Guangzhou resumed its new energy vehicle subsidy policy on March 4th. From March to the end of December this year, individual consumers will enjoy a comprehensive subsidy of 10,000 yuan per vehicle for purchasing new energy vehicles.
In addition to providing consumers with car purchase subsidies, the relaxation of the car purchase restriction policy is also the main form of local stimulus for car consumption. Up to now, Shenzhen, Guangzhou and Hangzhou have successively introduced policies this year to promote the process of liberalizing purchase restrictions.
On February 28, Shenzhen issued the "Measures for Coordinating and Promoting Epidemic Prevention and Control and Economic and Social Development", proposing to speed up the allocation of new automobile indicators. In June last year, Shenzhen introduced an annual increase of 40,000 ordinary cars from 2019 to 2020.
Guangzhou’s “Notice on Several Measures to Resolutely Win the War of Preventing and Controlling the New Crown Pneumonia Epidemic and Striving to Achieve the Annual Economic and Social Development Goals and Tasks” issued by Guangzhou on March 4 also clearly pointed out the need to accelerate the implementation of the 100,000 new small and medium-sized enterprises added last year. Incremental indicators for passenger cars.
Hangzhou also announced a one-time increase of 20,000 passenger car indicators in the "Announcement on the Configuration of One-time Increase of Small Passenger Car Indexes in 2020" issued on March 25.
Soochow Securities pointed out that the relief of the domestic epidemic and the implementation of policies are expected to further boost sales. The two-pronged approach of subsidies and emission assessments led by China and Europe will force auto companies to accelerate electrification. The global penetration rate is expected to reach 16-17 by 2025. %.