Recently, the high-profile National Two Sessions were held in Beijing, and the 2022 government work report emphasized "stability" in economic, financial, and foreign trade, "guaranteed" in terms of people's livelihood and employment, and "new" in development and governance, and highlighted the coordination and cooperation of various policies. The report said that priority should be given to restoring and expanding consumption to stabilize bulk consumption such as automobiles and housing, and on March 5, the Ministry of Industry and Information Technology and the National Development and Reform Commission once again stated that they would stabilize and promote mass consumption of new energy vehicles. China's new energy market in 2023 is worth looking forward to.
Looking back on the past year, under the dual role of policy and market, Mainland New Energy Vehicles continued to grow explosively in 2022, with production and sales reaching 7.058 million and 6.887 million units, respectively, up 96.7% and 93.4% year-on-year, ranking first in the world for eight consecutive years. Independent brands have also risen on the wind, and have made great progress in terms of new energy core technology or production, marketing and export. Among them, as a giant of the mainland automotive industry, SAIC Motor is even more worthy of praise in the field of new energy vehicles, and in 2022, SAIC's new energy vehicle sales exceeded one million, achieving sales results of 1.073 million units, a year-on-year increase of 46.5%, continuing to rank firmly in the industry's top camp.
Such great achievements are due to SAIC's strategic foresight and forward-looking layout. As early as 2001, SAIC Motor began to carry out research and development in the field of new energy, and was the first enterprise in mainland China to comprehensively carry out the three technical routes of "pure electric, plug-in and fuel cell". After more than 20 years of continuous investment and unremitting efforts, SAIC Motor has now independently controlled the core technology of "battery, electric drive and electronic control", and continues to make new breakthroughs in new energy core technology and commercial transformation through scientific and technological innovation.
In order to pool superior resources and create technological advantages in the era of electric intelligence, SAIC Motor established the Innovation and R&D General Institute in 2022 to make every effort to sprint to the new track of "electric intelligent networking". At the same time, SAIC's "seven technical bases" have also formed a joint force to provide technical support for SAIC's new energy vehicle products. SAIC's "seven technical bases" include three vehicle technical bases, including the "SAIC Nebula" pure electric exclusive systematic platform, the "SAIC Everest" gasoline-electric integrated vehicle architecture, and the "SAIC Xinghe" electro-hydrogen integrated vehicle architecture, as well as four major systems, including Bluecore powertrain system, platform-based Rubik's Cube battery system, green core electric drive system, and "Galaxy" full-stack intelligent vehicle solution.
SAIC's "seven technical bases" basically cover different key areas of new energy vehicles such as pure electric, gasoline-electric hybrid, hydrogen energy, battery, electric drive, and intelligent driving, laying a solid technical foundation for SAIC's new energy vehicle development. Some professional institutions predict that the sales of new energy vehicles in mainland China may exceed 8.5 million units in 2023, and by the end of 2023, the number of new energy vehicles in mainland China will exceed 20 million. As a leading company in China's new energy vehicle field, SAIC Motor has also raised its sales target for new energy vehicles, preparing to hit the 1.5 million new energy vehicle mark in 2023. With the Zhiji LS7 "blind booking exceeded 10,000", the pre-order volume of Feifan F7 "exceeded 10,000 a day", MG4 Electric hit the European market with monthly sales of more than 10,000, and the outside world is generally optimistic about SAIC's sales target of 1.5 million.
We believe that under the two-way effect of strengthening policy support and continuous technological breakthroughs of car companies, the new energy vehicle market will heat up in 2023, and Chinese car companies will also ride the wind and waves in this new energy wave and write a "new history" belonging to Chinese car companies.