On Wednesday, January 18, Cui Dongshu, secretary general of the Passenger Association of China, said that the growth of new energy sales has reached a bottleneck stage, and after the delisting of the new energy subsidy policy in 2023, sales growth will be a serious problem. The price increase of new energy models in the early stage was too much, there were fewer orders, and the price reduction of leading companies such as Tesla caused consumers' wait-and-see mood, which fell greatly month-on-month.
Choi Dongshu said:
In the early stage, the epidemic lockdown had a greater impact on the marketing system of fuel vehicles and the base of the population, and it can be seen that since the outbreak of the epidemic, the penetration rate of new energy has increased more than expected. After the epidemic prevention and control, there has also been a certain natural decline.
Some consumption voucher policies in various places have obvious increases in the regional market, and some consumers do not fully expect and prepare for the withdrawal of car purchase tax in January, and will still buy in January.
Since early December was the pandemic period, there was a month-on-month increase in early January, but the month-on-month and year-on-year declines began to appear in the second week.
The opening of January every year is the direction of joint efforts of local governments and car companies, but because the inventory of dealers is still high, the replenishment before the Spring Festival will not be particularly large, so the wholesale and retail sales in January are generally low.
From December 31, 2022, the state will no longer issue a subsidy policy for the purchase of new energy vehicles, but the implementation of the new energy vehicle purchase tax exemption policy that expires at the end of 2022 will be postponed again until the end of 2023. In other words, although car owners can no longer apply for new energy vehicle subsidies, they can continue to enjoy the exemption from car purchase tax. In addition, the vehicle and vessel tax and consumption tax of new energy vehicles are exempted, and the state still supports it in terms of road authority and license plate indicators.
Although there is a timetable, the official departure of subsidies will still make car companies enter a period of pain. Entering the post-subsidy era from policy-driven to market-driven, for car companies, only by practicing hard internal strength, opening up the market with technological innovation and product upgrading, and reducing costs with supply chain management and digital production can they firmly grasp the initiative in the more fierce market competition. For the industry, labor pain is also a metamorphosis, and the survival of the fittest in the market will accelerate the reshuffle of the industry, forge new industrial competitive advantages, and promote the acceleration of high-quality development of new energy vehicles.
Haitong International believes that:
Now that the new energy market has completed the transformation from policy-driven to product-driven, Tesla has begun to reduce prices to seize market share, the market share of joint venture car companies is facing challenges, and the proportion of independent brand market is expected to continue to increase; After the withdrawal of national subsidies, local governments and car companies are still expected to issue various subsidy programs to stimulate the consumption of new energy vehicles. Local subsidies are directly provided to consumers and national subsidies are aimed at car companies, we expect that local subsidies may be uneven in regions, and there is also the possibility of supporting the development of local car companies, while the strength is generally weaker than that of national subsidies, the final effect of local subsidies also depends on the comprehensive financial resources, operating efficiency and surrounding automobile industry chain of the local government. We expect that new energy sales will reach 9 million units in 2023, a year-on-year growth rate of about 40%, and the penetration rate of new energy will further increase.
With the elimination of subsidies, various new energy vehicle companies are also trying to adjust their market strategies.
Taking BYD as an example, in response to the cancellation of new energy subsidies, it announced that it will increase the price of its models by 2,000 to 6,000 yuan in January 2023; Last year, the subsidies for plug-in hybrid and pure electric models were 4,800 yuan and 12,600 yuan respectively, while BYD's rise of 2,000 yuan to 6,000 yuan also means that the brand side will bear half of the previous subsidy cost.
1. Overview of this week's car market
1. Retail sales of passenger cars were relatively sluggish in January
【2022-01-15 Passenger Association Market Analysis Highlights】
From January 1 to 15, passenger car manufacturers nationwide sold 659,000 units, down 20% year-on-year and 11% from the same period last month. Retail sales were 719,000 units, down 21% year-on-year and 11% month-on-month.
From January 1 to 15, the national new energy passenger vehicle manufacturers wholesale 187,000 units, an increase of 3% year-on-year and a decrease of 38% from the same period last month; Retail sales reached 184,000 units, up 20% year-on-year and down 33% month-on-month.
From January 9 to 15, passenger car sales totaled 329,000 units, down 18% y/y, up 14% m/m, and down 22% m/m. Retail sales were 362,000 units, down 18% year-on-year, up 16% month-on-month, and down 23% month-on-month.
In the first week of January, retail sales of the overall narrow passenger car market reached 360,000 units, an average of 45,000 units per day, down 24% year-on-year and up 6% month-on-year.
In the second week of January, retail sales of the overall narrow passenger car market reached 362,000 units, an average of 51,000 units per day, down 18% year-on-year, up 14% month-on-month, and down 23% month-on-month.
From January 1 to 15, the national passenger car market retailed 719,000 units, down 21% year-on-year and 11% from the same period last month.
In January, due to the expiration of some policies such as car purchase tax and the Spring Festival holiday time to guide consumer demand, the industry terminal price continued to decline, stimulating demand, and also stimulating consumers' desire to buy, and the surge in the car market in the past two weeks will inevitably drive the strong growth of the market.
The growth of new energy sales has reached a bottleneck stage, and sales growth will be a serious problem after the delisting of new energy policies in 2023. The price increase of new energy models in the early stage was too much, there were fewer orders, and the price reduction of leading companies such as Tesla caused consumers' wait-and-see mood, which fell greatly month-on-month.
In the early stage, the epidemic lockdown had a greater impact on the marketing system of fuel vehicles and the base of the population, and it can be seen that since the outbreak of the epidemic, the penetration rate of new energy has increased more than expected. After the epidemic prevention and control, there has also been a certain natural decline.
Some consumption voucher policies in various places have obvious increases in the regional market, and some consumers do not fully expect and prepare for the withdrawal of car purchase tax in January, and will still buy in January.
Since early December was the pandemic period, there was a month-on-month increase in early January, but the month-on-month and year-on-year declines began to appear in the second week.
The opening of January every year is the direction of joint efforts of local governments and car companies, but because the inventory of dealers is still high, the replenishment before the Spring Festival will not be particularly large, so the wholesale and retail sales in January are generally low.
2. Sales of passenger car manufacturers nationwide picked up in January
In the first week of January this year, the wholesale of passenger car manufacturers nationwide reached 327,000 units, reaching an average of 41,300 units per day, down 22% year-on-year and up 4% year-on-year.
In the second week of January, retail sales of the passenger car market in the narrow sense reached 329,000 units, an average of 47,000 units per day, down 18% year-on-year and down 22% from the same period last month.
From January 1 to 15, passenger car manufacturers nationwide sold 659,000 units, down 20% y/y and 11% m/y.
The state's favorable policies for the automotive industry, the halving of the purchase tax, new energy subsidies and other policies have expired, as well as the high production and sales in previous months, dealers are cautious, which has a certain inhibitory effect on the sales of the car market.
At the beginning of December, the inventory coefficient of passenger cars reached a tense height, and dealers and car companies increased promotions before the Spring Festival, and accelerated the release of inventory at the end of December. Dealer inventory pressure weakened significantly in January, and dealers were cautious about stocking.
New energy vehicles are bound to weaken significantly in January. As a last resort, new energy vehicles are used to absorb existing inventories. In order to reduce the inventory pressure of distributors, manufacturers have recently stabilized wholesale sales, which is also preparing for the opening of February 2023. The industrial chain of the automotive market is mismatched and fluctuates.
The surge in supply after extreme shortages is an inevitable result, and the subsequent plunge is inevitable. With the surge of new energy vehicles for more than two consecutive years, the soaring price of lithium carbonate and other resources has brought huge profits, and the ensuing investment in upstream resources and midstream battery industry is very strong, which will inevitably bring about high production capacity growth of supply, and the high price of lithium carbonate brought about by the mismatch of supply and demand in the early stage will fall significantly, which is conducive to the improvement of profit pressure of new energy vehicles.
3. In 2022, automobile production will increase by 3% to 27.48 million, the penetration rate of new energy vehicles will be 7.22 million, 26%, and a new house of 56 square meters will be a car
According to the National Bureau of Statistics, vehicle production from January to December 2022 was 27.48 million units, a year-on-year increase of 3%. The production of new energy vehicles was 7.22 million units, an increase of 98%, and the penetration rate was 26%. December vehicle production was 2.49 million units, down 17% y/y. The production of new energy vehicles was 810,000 units, a year-on-year increase of 56%, and the penetration rate was 32.6%, which is a high increase.
From the perspective of the policy effect from June to December, the effect of the policy on promoting automobile consumption is clearly reflected. In December, retail sales of auto consumer goods increased by 5% to RMB510.5 billion. From January to December, retail sales of automobile consumer goods reached 4,577.2 billion yuan, achieving a positive growth of 0.7%.
At present, the relationship between car sales and real estate sales in 2022 is 56 square meters of house: 1 car, the comparative relationship of sales has improved slightly, and the 70 square meters of RV sales in 2020 has improved. As the only consumer goods that are not popularized by urban and rural households in China, the overall trend of the national passenger car market in recent years is not strong, and the consumption of passenger cars continues to be sluggish, which is difficult to effectively drive the high-quality development of residents' production and living consumption. To promote the consumption of the car market, more measures such as sending cars to the countryside, halving the purchase tax, reducing or reducing the personal tax of car buyers, and encouraging marriage and car purchase will stimulate consumption and promote economic growth.
4. Pickup truck sales of 510,000 units in 2022, down 6%
According to data from the Pickup Truck Market Information Joint Committee of the Passenger Association of China, the pickup truck market sold 43,000 units in December 2022, down 26% from December 2021 and at a low level in nearly five years. The pickup regional market affected by the epidemic lockdown fluctuated sharply, with a small increase of 4% in December compared with November. Due to the blockage of pickup truck production under the epidemic last year, the improvement of pickup truck production this year led to a strong performance in the production and export of pickup trucks in December 2022, especially the export of 128,000 units, which increased by 65%, which is also the characteristic of strong export sales jointly reflected in the automotive industry. The overall pickup truck trend in 2022 is relatively stable, reaching 510,000 units, down 6% from 2021, compared with the year-on-year sharp decline of traditional light trucks, pickup truck production and sales performance is still very good.
The sales ranking of pickup truck manufacturers in December is a joint contribution to sales in domestic and foreign markets. Great Wall Motor maintained a strong pickup truck leader, some pickup truck companies seized export opportunities to achieve strong increments, Great Wall pickup trucks and SAIC Maxus, Jianghuai Automobile and Foton Motor export trend is very strong, exports account for nearly half of the total number of some manufacturers. The trend of pickup trucks, the main manufacturers of the domestic retail market, is still relatively stable, Jiangling Motors and Zhengzhou Nissan are very good, and the pickup truck of Great Wall, Jiangling, Zhengzhou Nissan and Jiangxi Isuzu in the domestic pickup truck market is relatively stable and leading.
5. The car market should wait until February
The performance of the car market in the first half of January was generally due to the overdraft of the previous policy; The incremental factors in January include the gradual normalization of residents' travel after the liberalization of epidemic prevention policies, the wave of trips home during the Spring Festival, the recovery of consumer confidence and income levels brought about by the cancellation of epidemic control, and the moderate continuation of local policies, especially Tesla and other car companies to comply with the trend of price reductions, the decline in international oil prices, terminal promotions, etc. The reduction factors in January were policy overdraft (withdrawal of purchase tax and new energy subsidy policies), early disturbance of the Spring Festival time node, and price increases for some car companies after the expiration of new energy policies, and the impact of the epidemic.
Since February is the real market launch period after the Spring Festival and the market launch period after the end of the epidemic for three years, the consumer market that is waiting to be revived will bring huge new investment and new consumption opportunities, and the demand of the fuel vehicle market will gradually recover, and fireworks will return to life. In the early stage, the epidemic risk haven consumption represented by new energy vehicles weakened, and the market pattern of new energy vehicles was reshaped, and the fuel vehicle market should slow down the decline and form a better start growth. It is believed that the market should pick up significantly in February, and there will be a wave of entry-level consumers buying cars in the car market after the holiday.
2. New cars will be launched this week
1. New Modernin models
On January 6, Modernin launched a new model, with a total of 2 new models, with a price range of 198,800-249,800 yuan. In terms of appearance, the new car is basically the same as the current model. In terms of equipment, the new car is equipped with an electric trunk, steering wheel heating, wireless charging of mobile phones, and an on-board refrigerator. In terms of power, the new car is equipped with a pure electric motor, and the NEDC has a combined cruising range of 420 km and 610 km.
2. Nano BOX new model
On January 10, the new model of Nano BOX was launched, with a total of 3 new models and a price range of 59,700-64,700 yuan. In terms of appearance, the new car is basically the same as the current model. In terms of interior, the new car adopts a 10-inch floating center control screen and a 7-inch LCD instrument cluster. In terms of power, the new car is equipped with a pure electric motor and has a combined cruising range of 331km.
3. New SWM G05PRO
On January 11, the new SWM G05PRO was launched, with a total of 4 new models and a price range of 81,900-109,900 yuan. In terms of appearance, the new car is basically the same as the old model. In terms of power, the new model is equipped with a 1.5-liter engine mated to a 7DCT transmission.
4. New Dongfeng Honda LIFE
On January 10, the new Dongfeng Honda LIFE was launched, and a total of 4 new models were launched, with a price range of 97,800-112,800 yuan. In terms of appearance, the new car is basically the same as the old model. In terms of power, the new model is equipped with a 1.5-liter engine mated to a CVT transmission.
3. Macroeconomics and policy
1. Changzhou City launched a million charging subsidy for new energy vehicles
Changzhou new energy vehicle charging operation consumption comprehensive subsidy activities. Changzhou Municipal Bureau of Industry and Information Technology will issue millions of new energy vehicle charging subsidies in multiple rounds throughout the year through "Changzhou Dentsu", a one-stop service platform for automobile charging. From January 6, 2023 to the end of 2023, several rounds of subsidy activities will be carried out in a timely manner. The first event kicked off at 10am on January 6, 2023.
2. Unmanned road testing of passenger cars opened in Beijing
The Beijing Municipal High-level Autonomous Driving Demonstration Zone Work Office issued a notice of long-distance road test outside the unmanned vehicle in the pilot zone. 20 "unmanned in the car, long-range outside the vehicle" vehicles were allowed to carry out road tests in batches on a limited route of 20 square kilometers in the Economic Development Area and at a specific time period. This marks that autonomous driving road testing has officially entered the stage of unmanned vehicles in Beijing.
3. Ministry of Industry and Information Technology: Stabilize mass consumption such as automobiles in 2023
On January 11, the National Conference on Industry and Information Technology was held in Beijing. The meeting emphasized that in 2023, we will make every effort to promote the steady growth of the industrial economy, stabilize key industries, and formulate stable growth work plans according to the characteristics of different industries. Stabilize mass consumption such as automobiles, implement the "three products" action for consumer goods, deepen the construction of information consumption demonstration cities, and expand the supply of age-appropriate household products and daily necessities. Support enterprises to increase equipment upgrading and technological transformation, and do a good job in service guarantee for key foreign-funded projects in the manufacturing industry.
4. Guangzhou: Strive to carry out pilot projects for intelligent networked vehicle access and road traffic
On January 9, at the press conference on the development of Guangzhou's automobile industry, the Guangzhou Municipal Bureau of Industry and Information Technology said that Guangzhou will promote the construction of an intelligent networked autonomous driving ecosystem, promote Nansha, Huadu and other districts to steadily carry out mixed driving pilots, explore autonomous driving legislation, and strive to carry out intelligent networked vehicle access and road traffic pilots.
In terms of project implementation, Guangzhou will focus on improving the local supporting capacity of key auto parts and components, promote the construction of key projects such as Guangben's new 120,000 pure electric production line, Dongfeng Nissan's 200,000 pure electric production line, and GAC's self-developed battery electric drive, to accelerate the transformation of the project.
5. Guangzhou will add an additional 30,000 energy-saving vehicles in the first half of 2023
The Guangzhou Municipal Bureau of Transport issued the "Announcement on Adjusting the Allocation Amount of Incremental Indicators for Energy-saving Vehicles in the First Half of 2023 and Application for Adjustment", in order to promote automobile consumption and vehicle energy conservation and emission reduction, it is clear that on the basis of the original 12,000 annual incremental indicators of energy-saving vehicles, an additional 30,000 incremental indicators of energy-saving vehicles will be added in the first half of 2023, and the additional indicators will be allocated by 6,000 per month from this month.
6. National Energy Administration: In the transportation field, vigorously promote the comprehensive replacement of traditional energy vehicles by new energy and hydrogen fuel cell vehicles
The General Department of the National Energy Administration publicly solicited comments on the Blue Book on the Development of New Power Systems (Draft for Comments). It is proposed that the level of advanced electrification technology and equipment in various fields and industries will be further improved, and new energy and hydrogen fuel cell vehicles in the transportation field will replace traditional energy vehicles.
7. General Administration of Customs: The total value of China's import and export of goods in 2022 will be 42.07 trillion yuan
In 2022, the total import and export value of mainland trade in goods was 42.07 trillion yuan, an increase of 7.7% over 2021. Among them, exports were 23.97 trillion yuan, an increase of 10.5%; Imports were 18.1 trillion yuan, an increase of 4.3%. In December, exports fell by 0.5% year-on-year, imports increased by 2.2% year-on-year, and the trade surplus was 550.11 billion yuan.
8. Hubei's breakthrough development of new energy vehicle "roadmap" released
It was learned from the Department of Economy and Information Technology of Hubei Province that a few days ago, the "Hubei Province Breakthrough Development of New Energy and Intelligent Networked Vehicle Industry Three-Year Action Plan (2022-2024)" (hereinafter referred to as the "Plan") and the "Hubei Province Breakthrough Development of New Energy and Intelligent Networked Vehicle Industry Key Task List" (hereinafter referred to as the "List") were officially issued, the province will carry out five major actions, implement 24 key tasks in annual terms, and strive to achieve the output value of Hubei's automobile industry by 2024 to exceed trillion steps. Among them, the output value of the new energy vehicle industry exceeded 300 billion yuan.
The "Plan" clarifies the development orientation and target tasks of the new energy and intelligent networked vehicle industry in Hubei Province in the past three years (2022-2024), and proposes to give full play to the leading role of leading enterprises such as Dongfeng Company to create a new pattern of industrial development with "one valley" ("China Auto Valley") as the core, "one corridor" ("Hanxiao Suixiang Ten" automobile corridor) as the support, and "multi-point" ("Yijing Huanghuanghuang") synergy.
The List further sorts out 24 key tasks, including improving the production capacity of new energy vehicles, strengthening the supply chain chain, tackling key core technologies, industrial integration and development, improving the application environment, and innovating institutional mechanisms, and some key tasks have been steadily advanced.
9. Ministry of Commerce: Total imports and exports of mainland services from January to November 2022 increased by 15.6% year-on-year
From January to November 2022, the total import and export volume of mainland services was 5,404.61 billion yuan, a year-on-year increase of 15.6%; Among them, exports of services amounted to MOP2,583.5 billion, an increase of 15.5%; imports amounted to MOP2,821.11 billion, up by 15.6%; The deficit was MOP237.62 billion.
10. Ministry of Commerce: Expand comprehensive pilot projects for opening up service industries in six cities
The official website of the Ministry of Commerce issued a notice on the overall plan for the comprehensive pilot of expanding the opening up of the service industry in six cities, including Hangzhou, Wuhan, Guangzhou, Shenyang, Nanjing and Chengdu. The "Wuhan Service Industry Expansion and Opening Up Comprehensive Pilot Overall Plan" proposes to build a demonstration area for the development of the whole industry chain of new energy vehicles with the "car valley" as the bearer; The "Guangzhou Service Industry Expansion and Opening Comprehensive Pilot Overall Plan" focuses on exploring autonomous driving testing and commercial operation; The Overall Plan for the Comprehensive Pilot Plan for Expanding the Opening Up of the Service Industry in Chengdu supports Chengdu to establish a pilot area for the Internet of Vehicles, explore and improve the whole chain system of intelligent automobile manufacturing and service, and explore the mortgage guarantee evaluation mechanism for new energy vehicles.
11. Shenyang City: 100 million yuan Chinese New Year consumption coupons will be issued
From January 10 to February 28, Shenyang organized the distribution of 100 million yuan of Chinese New Year consumption coupons to individual consumers in Shenyang (regardless of household registration). Among them, 40 million yuan of automobile consumption coupons. If the total amount of invoice price and tax is less than 100,000 yuan (inclusive), 1,000 yuan will be issued; If the total amount of invoice price and tax is 100,000 yuan (excluded) - 200,000 yuan (inclusive), 2,000 yuan will be issued; If the total amount of invoice price and tax is more than 200,000 yuan (excluded), 3,000 yuan will be issued. For the purchase of new energy vehicles, on the basis of the above standards, an additional 1,000 yuan automobile consumption coupon will be issued.
12. Tianjin will issue 60 million automobile consumption coupons
On January 11, Tianjin issued the second phase of "Tianjin Tesco" consumption coupons, The total amount is 115 million yuan, of which there are 60 million yuan in automobile consumption subsidies, which are divided into four levels: 2,000 yuan for each vehicle with a purchase amount of 50,000 yuan (inclusive) to 150,000 yuan (excluded); 4,000 yuan for each vehicle with a purchase amount of 150,000 yuan (inclusive) to 250,000 yuan (excluded); 5,000 yuan for each vehicle with a purchase amount of 250,000 yuan (inclusive) to 350,000 yuan (excluded); and 6,000 yuan for each vehicle with a purchase amount of 350,000 yuan (inclusive).
13. Bureau of Statistics: CPI rose 1.8% year-on-year in December 2022
In December 2022, the CPI rose 1.8% year-on-year, flat month-on-month; For the whole year 2022, the CPI increased by 2.0% compared to the previous year.
In December 2022, PPI decreased by 0.7% year-on-year and 0.5% month-on-month; For the full year 2022, the PPI increased by 4.1% over the previous year.
14. The new national standard automotive electronic exterior mirror standard was approved and officially implemented on July 1
It was learned from relevant channels that the new national standard GB15084-2022 for automotive electronic rearview mirror CMS will be officially implemented on July 1, 2023. It is reported that at present, there are already some models in China that can be equipped with electronic exterior mirrors, such as Lotus ELETRE recently announced that it can be equipped with electronic exterior mirrors, with an optional cost of 16,000 yuan. It is worth mentioning that in addition to BAIC Magic Cube and Lotus ELETRE, in the future, Xpeng G7, GAC AION, Honda and other manufacturers have clearly equipped CMS systems on some models.
15. Central bank: M2 balance up 11.8% year-on-year at the end of December
At the end of December, the balance of M2 was 266.43 trillion yuan, an increase of 11.8% year-on-year, 0.6 percentage points lower than the end of last month and 2.8 percentage points higher than the same period last year.
16. Central Bank: The cumulative increase in the scale of social financing in 2022 will be 32.01 trillion yuan
In December, the increase in the scale of social financing was 1.31 trillion yuan, 1.05 trillion yuan less than the same period last year. In 2022, the cumulative increase in social financing scale was 32.01 trillion yuan, 668.9 billion yuan more than the previous year.
At the end of December, the balance of domestic and foreign currency loans was 219.1 trillion yuan, a year-on-year increase of 10.4%. The balance of RMB loans at the end of the month was 213.99 trillion yuan, an increase of 11.1% year-on-year, 0.1 percentage points higher than the end of last month and 0.5 percentage points lower than the same period last year. In December, RMB loans rose by 1.4 trillion yuan, up 266.5 billion yuan year-on-year. RMB loans increased by 21.31 trillion yuan, an increase of 1.36 trillion yuan year-on-year.
17. Zhejiang plans to eliminate 60% of China IV vehicles by 2025
The Department of Ecology and Environment of Zhejiang Province issued the "Zhejiang Province Three-Year Action Plan for Eliminating Polluted Weather and Diesel Truck Pollution Control (Draft for Comments)", which plans to eliminate 60% of diesel trucks operating in China IV and below by 2025, with a cumulative elimination of more than 40,000 vehicles.
4. Enterprise information
1. AITO M5EV welcomes the first OTA
AITO Automotive announced that the AITO M5EV ushered in the first OTA upgrade, bringing four new functions and launching a number of audio and video apps. The upgraded version of the M5EV is V1.0.102, which supports HUD height adaptive adjustment, adds super desktop functions, and "Xiaoyi" evolution and upgrade.
2. SWM Tiger EDi debuts with extended range power/endurance of more than 1000km
It was officially learned that SWM Tiger EDi officially debuted, and the new car is not a pure fuel model, but a range-extended powertrain, with a comprehensive range of more than 1000km.
3. Audi sold 642,548 units in China in 2022
In 2022, Audi delivered more than 1.61 million new vehicles worldwide, a year-on-year decrease of about 5%, of which about 118,000 pure electric models, a year-on-year increase of 44%.
4. BAIC Blue Valley released the new energy brand Koala
BAIC Blue Valley's Extreme Fox Motors officially released its new energy brand KALOLA on the evening of January 9, and KAOLA's first new energy model is a new model launched by Extreme Fox Motors based on scenario-driven driving, and it is also the world's first intelligent parent-child car.
5. Mercedes-Benz will sell 751,714 units in China in 2022
Mercedes-Benz Group released 2022 sales figures. In 2022, Mercedes-Benz delivered a total of 2,043,900 passenger cars worldwide, of which 751,714 units were delivered domestically.
6. Honda and Dongfeng cooperate with each other for fuel cell systems for commercial vehicles
Honda Motor Industry (China) Investment Co., Ltd. and Dongfeng Motor Group Co., Ltd. have jointly launched technical verification of Honda's fuel cell systems in the commercial vehicle field, which has been implemented in Hubei Province since January 2023.
7. BYD plans to expand aggressively in India
Sanjay Gopalakrishnan, senior vice president of BYD's India subsidiary, said at Auto India 2023 that BYD hopes to capture 40 percent of India's electric vehicle market by 2030. BYD will launch its third electric model, the Seal, in India in the fourth quarter of this year, while it plans to double its dealer base in India this year.
8. Wang Fengying, former president of Great Wall Motor, will become CEO of Xpeng
New forces use Internet thinking to make products, and iteratively upgrade after launching a single explosive product, but automotive products and Internet products are fundamentally different, and with the development of enterprises, the number of products increases, and it is necessary to return from the Internet model to the organizational model of automobile enterprises in time. Therefore, Xpeng Motors needs more professional automotive personnel to coordinate the planning and operation of the product matrix.
9. Toyota sold 1,940,600 units in China in 2022
Toyota's sales in the domestic market in 2022 were 1,940,600 units, a year-on-year decrease of 0.2%, the first year-on-year decline in 10 years.
10. The AvtoVAZ plant will start joint vehicle production with Chinese companies in 2023
In 2023, the AvtoVAZ plant will start joint vehicle production with Chinese companies. The media said it did not disclose which Chinese companies it would work with. The joint production will be conducted using production facilities at Nissan's former plant in St. Petersburg. The plant is expected to produce 10,000 vehicles in 2023 and increase production after that.
11. GAC Group: Company to challenge 10% y/y increase in vehicle production and sales
According to the GAC Group's announcement, the board of directors deliberated and approved the "Proposal on the GAC Group's 2023 Business Plan", and the company will adhere to the general tone of seeking progress while maintaining stability, focus on the "14th Five-Year Plan" development plan and the grand blueprint of "trillion GAC", complete, accurate and comprehensive implementation of the new development concept, actively integrate into the new development pattern, and strive to create a new situation of high-quality development. In 2023, the company will challenge the year-on-year growth of automobile production and sales by 10%, continuing to maintain a development trend higher than the industry average.
12. Hongqi released its global strategy for new energy vehicles
China's FAW Hongqi brand released its global strategy for new energy vehicles and a new new energy brand and LOGO. According to the plan, Hongqi will launch 15 smart electric products in the next three years, and by 2025, Hongqi's sales will exceed 1 million vehicles, and new energy sales will reach 500,000 vehicles, with an average annual growth of 138%. By 2030, sales will exceed 1.5 million units, and new energy vehicles will become the main sales force. Among them, the B-class pure electric premium sedan E001 and B-class pure electric SUV will be launched in the second half of 2023, and the C+ class flagship high-end pure electric sedan E702 will be launched in the first half of 2024.
13. Zeekr will recruit 3,000 people
On January 12, Zeekr released its global recruitment plan, releasing more than 3,000 social recruitment offers, covering intelligent driving, software and electronics, user growth and other positions, distributed in 30+ cities around the world, including Silicon Valley, Gothenburg, Beijing, Shanghai, Hangzhou, Ningbo, Shenzhen, Guangzhou, Nanjing, Wuhan, Chengdu, etc.
14. Lei Jun went all out to build cars, and once said that he had money and could afford it
Since the announcement of the car, Xiaomi's car team has expanded to more than 1,700 people, claiming to ship more than 10 million vehicles per year in the future. The information that has been revealed shows that Xiaomi has chosen a full-stack self-developed algorithm to fully develop autonomous driving technology, which is regarded as the key to the competition in the second half of electric vehicles, and it is also the focus of Xiaomi's car manufacturing.
15. Zerorun B11/CTC2.0 technology will be launched this year
On January 12, Zhu Jiangming, founder and chairman of Leapmotor, revealed that the first model of the new B platform of Leap, B11, is expected to be unveiled in the third quarter of this year, and the company will also enter France, Spain and other countries this year and land on the European market.
In addition, Zerorun will launch CTC2.0 technology in 2023, which will be standard on all systems in the future, which can be compatible with 800-volt high-voltage platform super fast charging. Compared with the CTC1.0 currently used CTC1.0 parts, it is reduced by 10% and weight by 5%, further improving battery life.
16. Meizu plans to build 1000+ experience stores within 3 years
Meizu Technology said that it has recently reached a strategic cooperation with Aished, and the two parties will jointly commit to the construction of Meizu's offline stores and the improvement of service quality, aiming to build 1,000+ experience stores in three years.
17. Nezha Automobile and CATL jointly built a skateboard chassis
Nezha Automobile and Times Intelligence, a wholly-owned subsidiary of CATL, signed a CIIC (CATLIntegratedIntelligentChassis) integrated intelligent chassis cooperation agreement, and the two parties will jointly explore skateboard chassis technology, and the first model equipped with CIIC will be launched by the end of 2024 at the earliest.
18. CATL: Kirin battery is expected to be mass-produced in the first quarter of 2023
CATL said on the interactive platform that Kirin batteries are expected to be mass-produced in the first quarter of 2023; The company is committed to promoting the industrialization of sodium-ion batteries in 2023.
19. SAIC Maxus creates high-end passenger MPV products
SAIC MAXUS empowers the brand with technology, and at the "TECHDAY Technology Platform Open Day", it has displayed the industry-forward-looking and original innovative technological achievements of MPV intelligence and electrification, and publicly presented for the first time a number of core technology breakthroughs such as "the industry's first multi-person travel intelligent cockpit technology, the country's first pure electric L4 autonomous driving MPV", as well as passenger and high-end MPV products such as MIFA9 and G90 based on Nebulas pure electric platform and Everest mechatronics architecture.
20. Tesla Model 3/Y price reduction again
Tesla China announced price adjustments for Model 3 and Model Y. The price of all Tesla models has been updated, and the Model 3/Y has been reduced again. The adjusted price range of Model 3 is 22.99-329,900 yuan, a decrease of 2.0-36,000 yuan; the adjusted price range of Model Y is 25.99-359,900 yuan, a decrease of 2.9-48,000 yuan.
21. Denza released new product plans
Denza announced its new vehicle plan for 2023. Two SUV models will be launched this year, the Denza N7, which is positioned as a pure electric five-seat midsize SUV, and the optional 6/7-seater mid-size SUV. Among them, the Denza N7 will be officially unveiled in April, while the optional 6/7-seat mid-to-large SUV will be unveiled within the year. In addition, the official also announced its 5 series of product plans, and brought a number of welfare policies for D9 owners.
22. NIO has invested in the layout of high-end off-road brands to the stars
NIO Capital will invest tens of millions of dollars in electric vehicle startup Zhixing (seed round). The first car of Zhixing will be an ultra-high-end SUV with a price of one million yuan. NIO founder Li Bin once said internally that incubating the project is NIO's "strategic layout in the market segment."
23. The M5 and M7 will be reduced by up to 30,000 yuan and will also give away the rights package
On January 13, AITO announced that in order to give back to old customers, it will launch a New Year Thanksgiving Campaign for car owners who have picked up their cars before 8:30 on January 13, 2023.
The M5EV and M7 will provide the first owner with a total value of 3.3-35,000 yuan, including an extended vehicle warranty worth 2.1-23,000 yuan to 8 years/160,000 kilometers and 120,000 AITO points worth 12,000, which can be purchased in the AITO Mall with a wealth of Huawei products and peripheral products, and the M5 can enjoy 2 years of basic maintenance.
24. Xpeng P7 will be available on China Car Rental
On January 9, the tripartite strategic cooperation conference and delivery ceremony of Xpeng Motors, Car Rental China and Xiaolingou Travel was held in Ningbo, Zhejiang Province. According to reports, Xiaolingou Chuxing will purchase Xpeng Motors P7 models in batches and deliver them to China Car Rental for operation, with an overall cooperation scale of nearly 1,000 units, and the first batch of vehicles has been launched in 6 cities including Guangzhou, Chengdu, Hangzhou, Wuhan, Nanjing and Changsha.
25. FAW Audi 2023 plan
FAW Audi's new car plan for 2023 has been revealed, and it will launch new models such as the Q3, Q6e-tron and e-tronGT. FAW Audi will insist on building a dual-line drive marketing system of fuel + electric, continue to develop the cultural power of fuel products, and deeply explore the technical strength of electric products.
26. Long-range new energy commercial vehicles announced a sales target of 150,000 units in 2023
Long-range Motors announced that it will sell 10,293 units of long-range new energy commercial vehicles in December 2022 and target 150,000 units in 2023.
27. Changan Automobile: Aiming to sell 2.8 million units in 2023
Changan Automobile shared its future development plan at the Global Partner Conference: Changan Automobile Group aims to sell 2.8 million units in 2023, 4 million units by 2025, and 5 million units by 2030.
5. Industry information
1. Passenger car retail sales reached 2.169 million units in December, marking significant progress in own-brand sales
The passenger car sales data for December 2022 was released, with retail sales reaching 2.169 million units, up 3% year-on-year. From the top 10 car companies in December, 8 companies exceeded 100,000 units in a single month, BYD surpassed FAW-Volkswagen to win the championship, and also won the annual sales championship, and its own brands Changan Automobile, Geely Automobile, and Chery Automobile ranked third, fifth and ninth respectively, with outstanding overall performance.
2. Baidu signed a contract with Wuhan to start large-scale driverless commercial operations
On January 11, Baidu announced that it signed a cooperation agreement with the Wuhan Municipal Government to carry out comprehensive strategic cooperation in the field of intelligent and connected vehicles, and the two parties will jointly launch large-scale unmanned commercial operation services and build a world-leading unmanned driving operation area.
Prior to the signing of the cooperation agreement, Baidu's autonomous driving travel service platform "Radish Express" operated an area of more than 130 square kilometers in Wuhan, and the fully unmanned operation area was expanded from Junshan New City to the third and fifth ring roads of Wuhan Economic Development Zone. After the signing of this agreement, Baidu will achieve "all-round unmanned commercial operation" in Wuhan, and high-end autonomous driving has taken another step forward.
3. Tesla frequently cuts prices, will new energy vehicles sell cheaper and cheaper?
Low cost is Tesla's most powerful weapon to hit the price cut. Tesla's development history allows us to see the development path of new energy vehicles, the growth of scale and the decline of selling prices, and a virtuous circle has been achieved. Car companies maintain profitability, and users can also enjoy affordable electric smart car products. This also provides a reference for most domestic car companies struggling on the verge of profitability.
4. In December, the value retention rate of medium and large SUVs and MPVs increased significantly
In December, the number of used car online vehicles was 55,000, showing a month-on-month and year-on-year decline, of which a year-on-year decrease of about 40%. In December, the price of mid-size SUVs and above showed an increase in price, while the price of MPVs increased by 3 percentage points, and the three-year age retention rate reached 68.8%, and the retention rate increased significantly.
5. New cars and new technologies are piled up, and car companies are crazy in 2023CES
CES 2023 is up 70% from 2022, with more than 3,200 exhibitors from 173 countries, including nearly 1,000 new exhibitors. This year's CES exhibition covers 41 different technology categories, including blockchain, 5G, cloud computing, quantum technology, big data, sensors, Web 3.0 technology, gaming and metaverse. At this year's CES exhibition, many car companies spent their thoughts on what drivers and passengers can see in the car.
6. Multinational groups and international markets
1. LG Energy Solution and Honda Motor establish a battery joint venture
Honda Motor officially announced that the company has established a battery joint venture with LG Energy Solution (LG Solution), and the company's battery products will all be supplied to Honda's North American electric vehicle plant.
According to the cooperation agreement, the two parties have committed to jointly invest 3.5 billion US dollars (about 23.59 billion yuan) to build a new battery production base, and the joint venture has invested a total of 4.4 billion US dollars (about 29.656 billion yuan). Among them, Honda holds 49% of the shares and LG Energy Solution holds 51%.
2. Ram unveils an electric concept pickup
At this year's CES, Ram unveiled the 1500Revolution all-electric concept truck, which showcases the direction of the Ram brand's 2024 model year. Ram wants to raise the bar in the electric pickup market, with the concept car featuring automatic charging and the ability to follow its owner like a dog.
3. BMW CEO: The in-vehicle infotainment screen may disappear within 10 years
BMW CEO Oliver Zipse said at CES 2023 that the current practice of automakers adding high-definition infotainment displays to car dashboards is a mistake that will distract drivers. Zipzer predicts that such a trend could disappear within 10 years.
4. Porsche is reportedly in talks with Google
Managers of the two companies revealed that Porsche is in talks with Google about a potential deal to allow Google Apps to be used in the cockpit of Porsche. Google Maps is said to be the focus of discussions between the two sides. Although Volkswagen's brand Audi has launched an in-car Android system, Porsche has been reluctant to use Google software because the latter has asked for a shared majority.
5. Mercedes-Benz and Lohum India cooperate in battery recycling business
Mercedes-Benz Energy and Indian company Lohum have agreed a multi-year supply contract for used electric vehicle batteries.
According to the contract agreement, Lohum will purchase at least 50MWh of second-life battery modules (retired power battery modules) from MBE every year.
6. Toyota and WattTim launch low-emission electric vehicle charging programs
In order to achieve the goal of providing energy solutions to customers while providing sustainable and clean energy for all, Toyota Motor North America has reached an agreement with WattTime to provide Toyota and Lexus car users with partial health and environmental impact data, so that they can find the ideal charging time to reduce emissions when charging at home. By using this data to better decide when to charge, users can help reduce power plant emissions that impact human health and climate change.
7. Ford may build a joint venture with LG Energy Solution to build a battery plant in Turkey
Ford will cooperate with LG Energy Solution to build a new 45GWh battery plant in Turkey.
8. The number of electric vehicle charging stations in the United States needs to triple by 2025
According to auto industry forecaster S&PGlobalMobility, the number of EV charging stations in the U.S. must triple by 2025, requiring about 700,000 Level 2 and 70,000 Level 3 charging piles to meet the demand of the EV fleet.
9. The first Mercedes in the United States to get rid of its hands is approved to hit the road in Nevada
Mercedes-Benz said at CES 2023 that it has been approved to deploy Level 3 autonomous driving system, the DrivePilot system, in Nevada, making it the first automaker to receive regulatory approval for the technology in the United States.
10. European Lithium plans to build a lithium hydroxide material plant in Saudi Arabia
Australian lithium miner Europe Lithium Ltd. has signed a memorandum of understanding (MoU) with Saudi Arabia-based Obeikan Investment Group to form a joint venture (50% each) in Saudi Arabia to build and operate a lithium hydroxide plant.
11. Automaker Stellantis establishes a new Automotive Software business unit
Automaker Stellantis recently created a new division to accelerate the rollout of automotive data applications and products. The new division is part of Stellantis' plan to increase sales by 20 billion euros a year from software-related services by 2030.
12. Japan's new sales of imported electric vehicles exceeded 10,000 units in 2022
On January 11, the Japan Automobile Importers Association released data showing that the sales of new pure electric vehicles by foreign automakers in 2022 will be 14,341 units, an increase of 66.6% over the previous year, exceeding 10,000 units for the first time. At the same time, the total sales of new vehicles announced in 2022 were 242,226 units, down 6.7%. Sales growth was weak due to the global semiconductor shortage. Pure electric vehicles accounted for a record high of 5.9% of total sales.
13. Samsung SDI plans to build a third battery factory in Hungary
Samsung SDI plans to build a third EV battery factory in Hungary. The plant is under construction and will supply batteries to auto giant BMW, sources said.
14. Tata Motors plans to expand its electric vehicle portfolio
Tata Motors general manager Shailesh Chandra said on Jan. 11 that the company plans to enrich its EV portfolio with more new models as well as higher-priced models, including models with shorter ranges for urban environments, to consolidate its leading position in the Indian EV market.
15. President of TSMC: Considering building an automotive chip factory in Europe
TSMC President Wei Zhejia said at an online presentation that TSMC is considering building a second plant in Japan and is also evaluating the possibility of building a factory in Europe with customers and supply chain partners.
16. Tesla plans to spend $776 million to expand its Texas plant
According to government documents, Tesla has applied to expand its Gigafactory in Texas, USA, with a total investment of $775.7 million, with plans to add five new facilities, including a battery testing lab and a department called "Cathode." It is one of Tesla's biggest expansions since it built its $5.5 billion Gigafactory in Germany last year.
17. Hyundai Mobis has partnered with Qualcomm to develop Level 3 autonomous driving
Hyundai Mobis announced at CES 2023 that it will partner with Qualcomm to develop controllers for Level 3 autonomous vehicles.
Kim Young-kwang, vice president of Hyundai Mobis' business strategy team, said: "Under this cooperation, Hyundai Mobis will use Qualcomm chips to develop integrated autonomous driving controllers that can be scaled to Level 3, which will be completed in the first half of this year at the earliest. ”
The integrated controller is an important system for Level 3 autonomous driving technology, allowing new functions and performance to be added efficiently and easily.
18. India surpassed Japan to become the world's third largest automotive market
In 2022, India's new car sales reached at least 4.25 million units, surpassing Japan's 4.2 million units and becoming the third largest in the world for the first time. With a population of 1.4 billion approaching the top of the world and rising incomes, the Indian automotive market is expanding rapidly.
According to the Association of Indian Automobile Manufacturers (SIAM), new car sales in India from January to November reached 4.13 million units. Including Maruti Suzuki's December sales, it will reach approximately 4.25 million units.
In terms of sales in 2021, China ranks first in the world with 26.27 million units; The U.S. followed with 15.4 million; Japan ranked third with 4.44 million units. In 2022, the rankings of China and the United States have not changed, and Japan is squeezed out of third place by India.