New Energy Vehicle Subsidy New Deal Implemented Yesterday, Accelerating Battery Manufacturers' Technical Upgrade and Innovation

[New Energy Vehicle Subsidy New Deal Implemented Yesterday, Accelerating Battery Manufacturers for Technology Upgrade and Innovation]

The new policy on financial subsidies for new energy vehicles will be formally implemented yesterday (June 12).

As early as the Spring Festival this year, four ministries and commissions jointly issued the "Circular on Adjusting and Perfecting the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles," covering the subsidies for new energy passenger cars, passenger cars, trucks and special vehicles, and fuel cell vehicles. And technical requirements, etc., and the establishment of the transition period from February 11 to June 11 before the implementation of the New Deal.

Mileage classification clear

One of the highlights of the New Deal is that the cruising range for pure electric vehicles is clearly defined: pure electric vehicles with cruising range below 150 kilometers will no longer be subsidized, and vehicle subsidies with cruising range between 150 and 300 kilometers will be lowered respectively. From 20% to 50%, models with cruising range of 300 kilometers or more are subject to a 2% to 4% increase in subsidies.

According to industry insiders, “The new energy bank’s subsidies for slope retreat is a general trend. At the beginning of the development of new energy industries, the state used subsidies to help development, but along with the industry’s own development and changes in the general environment, some car companies launched large-scale sales. Low-cost low-end models for 'cheat supplements' are not conducive to the development of new energy vehicles in the long run."

Low battery life or delisting?

What impact will the new policy have on the pure electric vehicle market after its implementation? For this reason, the reporter also investigated the pure electric vehicle market in Beijing.

The 150 kilometer battery-powered electric vehicle uses Beiqi New Energy EV series as an example. Its factory guide price is 15.89-18.99 million yuan. When asked by reporters, the three models of the EV series have a discount of around 70,000 yuan (including subsidies). Specifically, it includes state subsidies of RMB 25,200 and local subsidies of RMB 18,000. Apart from subsidies, it also has a greater degree of preferential treatment. As for the New Deal for New Energy Vehicle Subsidy implemented yesterday, the sales staff said, "After the policy is implemented, there will be no such big discount now when the subsidy is lowered."

150-300 kilometers of battery life of pure electric vehicles to Zhidou D2, for example, its factory guide price of 15.18-18.88 million, sales staff said, is now scheduled to enjoy 25,200 yuan of subsidies. According to the mileage subsidy standard, the reporter discovered that after the implementation of the New Deal, the subsidies for Zhidou D2 will be reduced from 25,200 yuan to 15,000 yuan.

The mileage of more than 300 kilometers to Roewe ERX5 as an example, after the implementation of the New Deal, its subsidies will increase from the original 30,800 yuan to 45,000 yuan, when consumers can enjoy more car purchase.

"After the implementation of the New Deal, subsidies for the capture of the market, low-cost, low-end electric vehicles will gradually withdraw from the market. The New Deal will promote the development of new energy industries, so that new energy vehicle manufacturing companies pay more attention to the promotion and accumulation of technology." People say.

Battery Technology Key

In addition to the clear division of cruising mileage, the New Deal also puts forward requirements for the energy density of new energy vehicle batteries: the battery energy density of pure electric vehicles cannot be lower than 105 Wh/kg. For vehicles with an energy density of 105~120Wh/kg, the subsidy is 0.6 times before the adjustment; for vehicles with an energy density of 120~140Wh/kg, the subsidy is the price before the adjustment; the energy density is 140~160Wh/kg, Subsidy is 1.1 times that before the adjustment; for vehicles with an energy density of 160Wh/kg and above, the subsidy is 1.2 times before the adjustment.

The higher the energy density of the battery, the higher the subsidy obtained, which also prompted the battery manufacturers to carry out technological upgrading and innovation.

According to industry sources, “New energy vehicles subsidizing the New Deal will accelerate the development of the new energy automotive industry, including products, technologies, etc., which will contribute to the improvement of the core competitiveness of new energy vehicle companies, and also enable the new energy vehicle market to obtain Continued healthy development. After the implementation of the policy, consumers who are in a wait-and-see state during the transition period will promote the new wave of new energy vehicle market to usher in a new wave of purchases."

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