Shenzhen relaxes the application conditions for new energy indicators: two "no requirements" are good for car companies

On December 14, the Shenzhen Municipal Transportation Bureau issued the Notice on Adjusting the Individual Application Conditions for the Incremental Indicators of New Energy Cars, which mainly involves non-Shenzhen household registration personnel who have cars not registered in Shenzhen, overseas Chinese, residents of Hong Kong, Macao and Taiwan, and foreigners who apply for visas or residence permits in Shenzhen.

This policy is effective from the date of publication and ends on December 31, 2022.

According to the interpretation of the relevant staff of the Shenzhen Municipal Transportation Bureau, the adjustment mainly involves two types of people.

First, non-Shenzhen household registration personnel who do not have cars registered in Shenzhen under their name, from now until December 31, 2022, non-Shenzhen household registration personnel who do not register cars in Shenzhen apply for incremental indicators for new energy cars (including hybrid and pure electric cars), can apply with a valid Shenzhen residence permit, and do not need to pay (excluding supplementary payment) basic medical insurance in Shenzhen for more than 24 consecutive months.

Second, overseas Chinese, residents of Hong Kong, Macao and Taiwan, and foreigners applying for visas or residence permits in Shenzhen, from now until December 31, 2022, overseas Chinese, residents of Hong Kong, Macao and Taiwan who hold valid identity certificates and apply for temporary accommodation registration for overseas personnel in accordance with the provisions of the Shenzhen public security organs can apply for the incremental indicators of new energy cars (including hybrid and pure electric cars), and do not need to live in Shenzhen for more than 9 months per year in the past 2 years.

"Other requirements stipulated in the Shenzhen Detailed Rules for the Implementation of the Incremental Regulation and Administration of Cars remain unchanged" means that those who have registered cars in Shenzhen in their names will re-apply for the incremental indicators for new energy cars - they still need to meet the conditions of "holders of residence permits who have paid (excluding supplementary payment) basic medical insurance in Shenzhen for more than 24 consecutive months in the past".

The China Association of Automobile Manufacturers said that since the beginning of this year, the market demand for new energy vehicles in China is still strong, production and sales continue to reach a new high, the cumulative output reached 3.023 million vehicles, sales of nearly 3 million vehicles, and the cumulative sales penetration rate from January to November 2021 increased to 12.7%.

According to the data disclosed by the China Automobile Association on December 11, 2021, in November 2021, the production and sales of new energy vehicles in China reached 457,000 units and 450,000 units, respectively, with production and sales increasing by 15.1% and 17.3% respectively, and by 127.8% and 121.1% year-on-year, respectively.

The China Automobile Association said that at present, consumers' acceptance of new energy vehicles is getting higher and higher, and the new energy market has shifted from policy-driven to market-driven. At this stage, there is still uncertainty on the supply side of new energy vehicles, the problem of tight chip supply still exists, and the orderly use of electricity in various places and the domestic scattered epidemic at the end of this year have increased the potential industrial chain supply risk of the automobile industry.

Galaxy Securities Research Report pointed out that the multi-dimensional support policies of new energy vehicles in various countries continue to exert force, and the high prosperity of the track continues. It is expected that the total sales of automobiles will rise slightly in 2022, and the total sales of new energy vehicles are expected to exceed 6 million; the mismatch between supply and demand still exists, the industry is recovering in twists and turns, and the internal differentiation is expected to continue.

(Text | City Boundary Tang Nan Editor | Chu Xing)