On February 13, 2018, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Fourth Committee of the Development and Reform Commission issued the Notice on Adjusting and Improving the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles. The notice will be implemented from February 12th. The period from February 12 to June 11 is a transition period.
During the transition period, the new energy passenger cars and new energy buses on the license will be subsidized 0.7 times according to the previous corresponding standards, and the new energy trucks and special vehicles will be subsidized by 0.4 times. Overall, subsidies for passenger cars and buses during the transition period fell by 30%, and subsidies for special vehicles decreased by 60%.
Industry insiders pointed out that during the transition period, the subsidies for new energy special vehicles are too low, and the car companies may face production suspension; in addition, the passenger car models are greatly affected by subsidies, sales will continue to fall, and other models have relatively weak influence.
It is worth noting that the new energy special vehicles and buses are the main application markets for small and medium power battery manufacturers. For small and medium battery companies, the four-month transition period will be difficult.
After June 11, the subsidy program began to be implemented in accordance with the 2018 subsidy standard. The maximum subsidy for pure electric passenger vehicles is not more than 50,000, and the subsidy is generally not regressed; the maximum subsidy for new energy special vehicles is adjusted to 100,000, the overall subsidy is down 43%; the subsidy limit for pure electric buses from 6m to 10m is adjusted to 55,000, 120,000, 180,000, the overall retreat is also close to 40%.
However, in response to the financial pressure faced by enterprises, the new subsidy policy has also been adjusted. The document pointed out that the 30,000-kilometer assessment was changed to 20,000 km, and the subsidy was partially allocated. Although the pre-dial ratio was not specified, the cash of the car enterprises could be improved to some extent. Stream, activate the market.
Obviously, new energy special vehicles and buses are still the main target of the policy decline. For power battery manufacturers, the cost pressure facing the new year will continue to grow. At the same time, under the pressure of rising prices of cathode materials and cost reduction in new energy industries, the pressure-bearing capacity of small and medium-sized enterprises is much lower than that of large-scale enterprises. Enterprises that do not have the advantage of price and technology are bound to go out.
Although the overall subsidy for pure electric passenger cars is not high, it is equally difficult to obtain high subsidies for related technical standards. Pure electric passenger cars are divided according to the cruising range, system energy density and energy consumption per 100 kilometers. The range of cruising range is divided into 5 files from 150km to 400km. The system energy density is divided into 4 files from 105wh/kh to 160wh/kg, and the energy consumption is also divided into 3 files.
From the perspective of subsidy standards, the gap between the minimum subsidy and the highest subsidy is huge. According to statistics, the first batch of pure electric passenger cars recommended in 2018, according to the 2018 subsidy standard, the lowest performance of the model subsidies fell by 87.5%, while the highest performance subsidy increased by 2.3%.
Whether it is to further improve the standard technical threshold for subsidies, or the gap between subsidies and sub-files. Undoubtedly, it is objectively accelerating the elimination of the overall weak battery manufacturers. After all, most of the current new energy auto manufacturers still rely mainly on subsidies.
However, the current performance of power battery manufacturers in the market meets the highest standards. This also means that the current market performance of power battery products with the highest technical performance is greater.
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