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New energy vehicle subsidy pre-allocation funds publicity: BYD, Tesla exclusively accounted for the order of 1 billion

New energy vehicle subsidy pre-allocation funds publicity: BYD, Tesla exclusively accounted for the order of 1 billion

The four departments of the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Science and Technology and the Development and Reform Commission have recently made a pre-allocation announcement of the subsidy funds for the promotion and application of new energy vehicles obtained by various production enterprises in 2019-2021.

New energy vehicle subsidy pre-allocation funds publicity: BYD, Tesla exclusively accounted for the order of 1 billion

According to the pre-allocation of subsidy funds for the promotion and application of new energy vehicles in 2019-2021, the total amount of pre-allocated funds due to all enterprises this time is 10.295 billion yuan.

Among them, the subsidy funds received by the two production enterprises related to BYD Automobile occupy the top two, BYD Automobile Industry Co., Ltd. and BYD Automobile Co., Ltd. The pre-allocated funds due to BYD Automobile Co., Ltd. reached 1.224 billion yuan and 1.222 billion yuan. Tesla (Shanghai) Co., Ltd. received another billion-level subsidy fund seat.

That is to say, only bydd's two production enterprises and Tesla's production enterprises, they have 35.56% of the total pre-allocated funds.

New energy vehicle subsidy pre-allocation funds publicity: BYD, Tesla exclusively accounted for the order of 1 billion
New energy vehicle subsidy pre-allocation funds publicity: BYD, Tesla exclusively accounted for the order of 1 billion

Combined with the 2019 and 2020 new energy vehicle promotion and application subsidy fund liquidation review vehicle information table released in the same period, the remaining funds after deducting the corresponding pre-allocated funds in the past two years are 1.006 billion yuan and 2.320 billion yuan, respectively, so the pre-allocated funds that enterprises should receive in 2021 will reach 6.969 billion yuan.

According to previous media calculations, by the end of 2021, the cumulative subsidy has exceeded 140 billion yuan, which is almost equivalent to the net profit of toyota motor group, which is almost equivalent to the net profit of toyota motor group, which is the most profitable.

The net profit of BYD Automobile in the first three quarters of 2019, 2020 and 2021 was 1.614 billion yuan, 4.23 billion yuan and 2.443 billion yuan, respectively.

At the end of last year, the same four departments, the Ministry of Finance, the Ministry of Industry and Information, the Ministry of Science and Technology, and the Development and Reform Commission, jointly issued a document announcing that in 2022, the subsidy standard for new energy vehicles will be reduced by 30% on the basis of 2021, and it is clear that new energy vehicles licensed after December 31, 2022 will no longer enjoy purchase subsidies.

The national supplement policy that "milks" China's new energy vehicle market will eventually withdraw from the historical stage. However, the Ministry of Industry and Information Technology also said at a press conference at the end of last month that it will "pay close attention to studying and clarifying support policies such as the continuation of preferential tax treatment for new energy vehicles, optimize the 'double integral' management method, do a good job of effectively connecting with the subsidy decline, and stabilize market expectations." ”

Coincidentally, Zeng Qinghong, secretary of the party committee and chairman of the board of directors of GUANGZHOU AUTOMOBILE Group, also proposed at the recent two sessions that "postpone state subsidies for one to two years, simplify the procedures for receiving subsidies in the early stage, and alleviate the financial pressure of enterprises" to improve the policies on new energy subsidies.

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