Subsidy reduction for commercial vehicles is up to 40% No longer "P&W" emphasizes "emphasis"

After experiencing the early stage of “national purchase + financial support”, the new energy vehicle subsidy that affects the industry’s nerves will usher in another downward adjustment.

"Securities Daily" reporter learned from the latest exposure of the 2018 new energy vehicle subsidy program that this subsidy adjustment is still the largest area of ​​new energy bus, compared to the 2017 financial subsidies, in the relevant technology inspection indicators, increased The inspection of the unit load capacity consumption capacity has improved the requirements for the power battery system's energy density and fuel saving level. Compared to 2017, the rate of deduction for the subsidy is 40%, and the rate of retreat is more than 60% compared to 2016. .

On the other hand, due to the impact of subsidy and slope retraction, the shares of lithium battery and new energy passenger car plates have recently declined. In this regard, some people in the industry believe that the state financial subsidies have changed from leading to auxiliary, and the development of the industry will mainly rely on the market and "dual-integration" driving. But before this, subsidies are still an important source of profits for car companies.

The vehicle's energy-consumption subsidy becomes more inclusive.

Judging from the 2018 New Deal subsidies that were exposed, the long-term energy-saving and energy-saving emission reduction of new energy vehicles is the direction of policy guidance. For battery systems, high energy density and light weight are the future directions for the development of vehicle power batteries.

The reporter noted that the new subsidy program in 2018 puts forward a higher requirement for unit load quality energy consumption (Ekg) than the 2017 new energy subsidy policy. In the 2017 version of the new energy vehicle subsidy policy, subsidies can be applied for Ekg not higher than 0.24Wh/km.kg, and the new adjustment subsidy program is required to be reduced to 0.21Wh/km.kg and 0.15-0.2 Wh/km.kg Can get 1 times the subsidy.

In this regard, the "Securities Daily" reporter interviewed a technical staff of a new energy bus company, according to its introduction, reduce the Ekg on the one hand to reduce body weight, and second, reduce the weight of power batteries. Because lightweight body research is always underway, breakthroughs are slow, so reducing battery weight will be key.

In terms of power battery energy density, the energy density of non-fast-charged pure electric bus battery systems has increased from not less than 85 Wh/kg to not less than 110 Wh/kg. In response, the above-mentioned person in charge stated that the increase in energy density was expected. Most enterprises had already prepared for this, so it was not a problem to apply for and pass the new energy promotion catalogue.

In summary, it can be seen that as the domestic mainstream bus companies have long anticipated and responded to the adjustment of the new subsidy policy, it is generally believed that it is easier to respond. However, despite this, turbulent policy adjustments are still a key factor affecting the stability of its products and markets.

According to industry insiders, the new program has released the signal to help the strong and strong, and put forward more specific and detailed requirements. On the other hand, it is not ruled out that excessive adjustment rhythm and multiple technical indicators will disrupt the production pace of car companies. In the future, while the bus manufacturers will further improve the overall vehicle technology level, they will also need to reduce the cost of the three power companies.

It is worth mentioning that, for the earlier argument that the subsidy mileage of new energy vehicles will be reduced from 30,000 kilometers to 10,000 kilometers, Cui Dongshu, secretary-general of the National Passenger Vehicle Market Information Association, thinks it is good news for the industry. "The 30,000-kilometer limit is too difficult for passenger cars, leading to serious delays in subsidies. Policy development should distinguish between use scenarios, reducing the 30,000-kilometer passenger car limit is imminent."

Reliance on light business thinking significantly reduced commercial vehicles by up to 40%

The reporter noted that the new plan embodies the development trend of changing the generalized nature, rather than blindly downgrading. Take pure electric passenger cars as an example. Although the subsidy benchmark for vehicle models with cruising range of less than 300km ranges from 4,000 yuan to 20,000 yuan, the benchmark amount of subsidy for vehicles larger than 300km has increased, while the model vehicle less than 150km has direct zero. Subsidies realize the subsidy idea of ​​“cutting down and filling up”.

Compared with pure electric passenger vehicles, “cutting low”, commercial vehicles appear to be direct and obvious. Passenger cars from the highest 450000 yuan to make up for the country's compensation + land directly to the limit of 270,000 yuan, a reduction of up to 40%, special vehicles to make up the country + make up the limit down more than 75,000 yuan.

In fact, in the announcement of the 2016 New Energy Vehicle Subsidy Fund announced by the Ministry of Industry and Information Technology recently, the reporter found that Yutong Bus was the most profitable company with subsidies of RMB 5.853 billion, followed by Zhongtong Bus with RMB 2.295 billion. The bus received 848 million yuan. It is worth mentioning that the subsidies received by the three companies accounted for 53.7% of the total amount of the second batch of subsidies. It can be seen that the new energy commercial vehicle companies have benefited from the promotion of new energy vehicles.

In response, industry insiders told reporters that the new energy automobile industry has now accelerated from the public sector to the private sector. In a limited period of time and limited funds, the new energy vehicle industry should be given a substantial amount to the private sector, mainly passenger vehicles. Tilt to achieve the shift of development focus.

At the same time, he stressed that subsidy policies should avoid excessive adjustments that are too rapid and too rapid, so as to avoid excessive impact on the product costing of auto companies. Under the premise of the same principle of subsidy retreat, the rate of subsidy retreat should be reduced in an orderly manner and announced as early as possible so that car companies can seize the time to do R&D and production planning adjustments.