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我国新能源汽车数量突破1000万辆,比亚迪成全球电动车“销冠”

The number of new energy vehicles in China has exceeded 10 million, and BYD has become the top seller of electric vehicles in the world.

券商中國 ·  Jul 7, 2022 06:42

The number of new energy vehicles in China has exceeded 10 million!

According to the data released by the Ministry of Public Security on July 6, by the end of June 2022, the number of new energy vehicles in China has exceeded 10.01 million, of which pure electric vehicles account for 80%.

In addition, wholesale sales in the national new energy passenger car market are expected to reach 546000 in June, a year-on-year increase of 130%, with BYD ranking first with 134000 vehicles, according to the Federation of passengers. It is worth mentioning that in the first half of this year, BYD surpassed Tesla, Inc. with a score of more than 640000 vehicles, winning the top spot in global sales of new energy vehicles in the first half of 2022.

Some analysts believe that behind the sharp rise in sales of new energy vehicles, or the policy of halving the tax on new car purchases a few days ago has achieved preliminary results. Recently, the executive meeting of the State Council proposed to promote automobile consumption, support new energy vehicles, improve parallel import policies and other automobile support measures, and is expected to increase automobile and related consumption by about 200 billion yuan this year. Various places have also introduced relevant supporting policies, through car purchase subsidies, trade-in and other means to stimulate the vitality of the automobile consumer market. Among them, on the evening of July 6, the Shenzhen Municipal people's Government issued a circular on a number of measures to firmly promote stable economic growth, making greater efforts to tap the potential of the consumer market and implementing the vehicle purchase tax reduction policy.

With the continuous good news of the new energy vehicle industry, the sales of a number of new energy vehicle companies have greatly increased, and the new energy vehicle sector in the capital market has also strengthened again. By the close of trading on July 6, the new energy vehicle index had risen nearly 60 per cent since its low for the year on April 27, with one stock up 155 per cent, according to Wind. Some institutions believe that with the increase in volume and profit, new energy vehicles may become the core strong plate in the second half of the year.

The number of new energy vehicles in China exceeds 10 million.

The number of motor vehicles in China reached 406 million by the end of June 2022, of which the number of new energy vehicles has exceeded 10 million, according to data released by the Ministry of Public Security on July 6.

By the end of June, the number of new energy vehicles in the country had reached 10.01 million, accounting for 3.23% of the total. Among them, there are 8.104 million pure electric vehicles, accounting for 80.93% of the total number of new energy vehicles.

In the first half of the year, 2.209 million new energy vehicles were newly registered, an increase of 1.106 million over the first half of last year, an increase of 100.26 percent, a record high. The new registrations of new energy vehicles account for 19.90% of the total.

The national new energy passenger car market soared in June.

According to data from the Federation of passengers, according to preliminary statistics, from June 1 to 30, retail sales in the national passenger car market increased by 22% over the same period last year and 42% over the same period last month. National passenger car manufacturers wholesale 2.111 million vehicles, an increase of 37% over the same period last year and 33% over the previous month. Among them, new energy vehicles show a strong and good growth trend.

According to the estimates of manufacturers within the Federation of passengers at the beginning of the month, wholesale sales in the national new energy passenger car market are expected to reach 546000 in June, a year-on-year increase of 130%. Among them, BYD Automobile, SAIC GM Wuling and Tesla, Inc. ranked in the top three in China, with sales of 134000, 49000 and 78000 respectively (Note: the latter two data are estimated by the Federation of passengers).

The passenger car Association said that in June, mainstream manufacturers in the passenger car market had a strong performance in the new energy market, especially BYD showed a super high growth trend, which is also a good example for mainstream manufacturers to transform new energy. The performance of other mainstream enterprises is also very strong, especially SAIC GM Wuling sales exceeded 40000 vehicles, Geely Automobile, Chery Automobile, Guangzhou Automobile Ean sales exceeded 20000 vehicles. This is not only the embodiment of the ability of the mainstream car companies to build a good car system, but also in line with the trend of aging and family miniaturization in China. The continuous strengthening of A00 and A0 electric vehicles has promoted the strong development of electric vehicles in mainstream car companies, which is also an obvious embodiment of the advantages of electrification. The new energy performance of Changan Automobile and Great Wall Motor is also a very strong good performance, reflecting the good situation of the all-round development of fuel vehicles and new energy vehicles.

图片

Photo Source: official Wechat of the Federation of passengers

BYD has become the top seller of electric cars in the world.

In addition, what has attracted the attention of the industry is that in the first half of this year, BYD overtook Tesla, Inc. with a score of more than 640000 vehicles, winning the top spot in global sales of new energy vehicles in the first half of 2022.

Specifically, on July 3, BYD released data on production and sales of KuaiBao in June, showing that from January to June in 2022, BYD sold about 641400 new energy vehicles, an increase of 314.9 percent over the same period last year.

On the same day, Tesla, Inc. released his production delivery report for the second quarter of 2022. Tesla, Inc. delivered a total of 564000 electric vehicles worldwide in the first half of this year, according to the report.

Judging from the above data, BYD leads Tesla, Inc. with sales of nearly 80, 000 vehicles.

BYD has replaced Tesla, Inc. as the world's largest electric car maker by sales, indicating China's growing dominance in the industry, according to the Financial Times website quoted by reference News on Friday.

Shenzhen-based BYD sold 641000 vehicles in the first half of this year, up more than 300% from a year earlier, the report said.

Analysts believe that the rise of China's local auto industry is a harbinger of a change in the global auto market, and Chinese electric carmakers have begun to pay more attention to the export market.

Shenzhen: implement the policy of tax reduction and reduction for vehicle purchase

Recently, there has been a lot of good news in the automobile industry, which has further spawned a rapid recovery of the auto market. Following the policy of halving the tax on the purchase of new cars, the executive meeting of the State Council put forward a number of automobile support measures such as promoting automobile consumption, supporting new energy vehicles and improving the parallel import policy on June 22nd. It is estimated that automobile and related consumption will increase by about 200 billion yuan this year.

Various localities have also introduced relevant supporting policies, through car purchase subsidies, trade-in and other means to stimulate the vitality of the automobile consumer market, and then promote the recovery of domestic economic production.

On the evening of July 6, the Shenzhen Municipal people's Government issued a circular on a number of measures to firmly promote stable economic growth, which proposed that greater efforts should be made to tap the potential of the consumer market. We will implement the policy of reducing or reducing vehicle purchase tax. The vehicle purchase tax shall be halved for passenger cars with engines of 2.0L or less whose purchase date is from June 1, 2022 to December 31, 2022 and the price of the bike (excluding VAT) does not exceed 300000 yuan. The purchase of new energy vehicles listed in the catalogue of New Energy vehicles exempted from vehicle purchase tax by the Ministry of Industry and Information Technology shall be exempted from purchase tax.

The new energy vehicle index has rebounded by nearly 60% since the end of April.

With the recovery of the industry, the sales of a number of new energy car companies have greatly increased, and the new energy vehicle sector in the capital market has also strengthened again. By the close of trading on July 6, the new energy vehicle index (884076) had risen nearly 60 per cent since its low for the year on April 27, according to Wind.

From April 27 to July 6, Changan Automobile rose by more than 155%, Jianghuai Automobile by 143%, Tianqi Lithium Industry by 142%, and well-off shares by 114%. Guoxuan Hi-Tech, China Science and Technology third Ring Road, Tianshi material, Xingyuan material and double-ring transmission are all up more than 90%. In the same period, the funds with the highest market growth are also ETF with the theme of rare metals, new energy batteries and new energy vehicles upstream of new energy vehicles.

Guoxin Securities Research News believes that since the beginning of June, the epidemic has continued to ease the deepening of stimulus policies such as superimposed purchase tax cuts, the recovery of car demand has been released, and the production and sales of the car market have picked up somewhat. A number of new energy products launched by car companies have been listed one after another, which is also expected to inject new momentum into the auto market. In addition, the rising trend of raw material prices since 2021 has been gradually curbed, and both car volume and profits have increased, which may become the core strong plate in the second half of the year. From the perspective of investment strategy, the rise of independent brands and the electric and intelligent upgrading of cars deserve long-term attention. The agency believes that in 2021, the penetration rate of new energy passenger vehicles will break through 15% of the key point to enter the accelerated infiltration fast lane, and independent brands will surpass joint ventures in terms of organizational structure, supply chain perfection, business model, and so on. Long-term optimistic about the industrial chain investment opportunities brought about by the rise of independent brands.

It is worth noting that recently, many investors have a lot of doubts about whether there are still opportunities in the new energy sector. The new energy industry has developed by leaps and bounds in the past two years. In the recent A-share rebound, the new energy sector is the first to lead the rise. In response, Shi Cheng, a fund manager at UBS, said in a recent interview with a Chinese reporter from a brokerage that the new energy track is still one of the best tracks at present and has a lot of room to rise. Shi Cheng is optimistic about the rapid growth of electric vehicles in the new energy industry, and believes that photovoltaic and wind power generated by new energy will enter a faster growth channel, while smart cars in the semiconductor materials and TMT industry will also have certain investment opportunities. Shi Cheng said that in the future, he will still be more optimistic about upstream investment opportunities, focusing on photovoltaic, lithium, semiconductor and other equipment manufacturing, upstream resources and other industries related to new energy.

Edit / lydia

The translation is provided by third-party software.


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