Highlights of China's auto industry in 2018

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2018 is a key year for the transformation and upgrading of China's auto market. After the end of the double-digit development rate, the automobile market began to enter a stage of micro growth, or even negative growth. At the same time, driven by new energy and intelligent technology, the automotive industry itself is also experiencing an unprecedented change. Products, technologies, modes and formats are undergoing a complete change

the intensive release of policies promotes the transformation of the automotive industry

new technologies and new models such as new energy and intelligence are changing the automotive industry. In order to boost the technological transformation and upgrading of China's automotive industry and seize this round of strategic opportunities, since 2018, a number of heavy policies have been issued from the central to local governments to vigorously promote the transformation of the automotive industry

since this year, the national development and Reform Commission and other departments have successively issued important documents such as intelligent vehicle innovation and development strategy, automobile enterprise and product access management measures, as well as the newly revised automobile industry investment management regulations, further strengthening the top-level design and strategic planning for the development of the automobile industry during the reform period. The technology, industry, standards, safety and objectives of the development of intelligent vehicles have been planned, the access standards of the new energy vehicle industry have been clarified, and the new modes such as OEM produced by the development of the automotive industry under the new reform have also been clearly stipulated. All these have prepared the conditions for the overall development of new energy and intelligent vehicles in the future

the opening-up of the automotive industry continues to deepen

in 2018, the automotive industry began to calibrate the wire rope link. The method is to adopt a new round of opening-up of a single wire rope. The implementation of heavy policies such as the liberalization of share ratio and tariff reduction are all making China's automotive market more open and attracting global attention

in April this year, the national development and Reform Commission announced that the complex process industry of manual calculation of auto banks will fully liberalize the share ratio limit in 2020. In order to support the development of national automobile industry, China has strictly controlled the share ratio of automobile joint ventures for a long time. Based on the new development situation, the automobile industry will be open in transition period by type

in 2018, the restrictions on the proportion of foreign shares in special purpose vehicles and new energy vehicles will be abolished; In 2020, the restrictions on the proportion of foreign shares in commercial vehicles will be abolished; In 2022, the restrictions on the proportion of foreign shares in passenger cars will be lifted, and the restrictions on joint ventures not exceeding two will be lifted. Tesla became the first automobile enterprise to establish a factory in China after the opening of the shareholding ratio. It has established Tesla's first overseas plant in Shanghai, with a planned annual output of 500000 vehicles, integrating R & D, manufacturing, sales and other functions

in May this year, the Ministry of Finance announced a substantial reduction in import tariffs on finished vehicles and parts. The prices of many imported automobile products also fell. The reduction of import tariffs has further liberalized the domestic automobile market and encouraged independent brand automobile enterprises to continuously improve their own strength

In February, 2018, Geely Group acquired 9.69% of the voting shares of Daimler AG through its overseas business entities, becoming the largest shareholder of Daimler, the parent company of Mercedes Benz

in recent years, Geely has formed a matrix of six automobile brands, including Geely Automobile, link, Volvo, London taxi, proton and lutes, through shareholding, mergers and acquisitions, and its products cover middle and low-end brands, luxury brands and other product pedigrees

the new deal of new energy subsidies promotes the transformation and upgrading of enterprises

in 2018, the Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology, and the national development and Reform Commission jointly issued the 2018 financial subsidy policy for new energy vehicles. Compared with the previous policy, the new policy encourages enterprises to upgrade their technology and products

among them, the subsidy for new energy passenger vehicles has changed from a simple mileage subsidy in the original policy to a mileage related to battery system energy density, vehicle energy consumption and other indicators. The policy tends to support products and enterprises with higher battery technology and higher battery energy density. Even for models with the same mileage, due to different battery technologies, the amount of financial subsidies will vary greatly

at the same time, the new financial subsidy policy abolished the financial subsidy for pure electric passenger vehicles below 150 kilometers, and took 300 kilometers as the boundary. The financial subsidy for mileage below 300 kilometers declined, and the financial subsidy for mileage above 300 kilometers increased. This means that the policy is forcing new energy vehicle enterprises and power battery enterprises to develop to a higher level of technology. The increase in the subsidy amount of new energy vehicles with a 300 kilometer endurance is promoting the development of the overall new energy vehicle products to a higher endurance mileage

automatic driving road test standard landing

automatic driving is currently the hottest topic in the automotive field, including automotive enterprises, Internet technology companies, and even the capital market will take automatic driving as a top priority for future development. Therefore, the establishment of standards related to autonomous driving has become particularly important. With the development of technology, the research on autonomous driving technology by major vehicle enterprises and technology companies has reached a certain stage, but there is no clear road test standard for autonomous driving in China

in 2018, the road test management specification of smart car was officially released, which clearly stipulates the main body of automatic driving test, test driver and test vehicle, test application and review, test management, traffic violations and accident handling

as an important part of intelligent vehicles, autonomous driving technology has been recognized as the main direction of future vehicle development. Domestic and foreign automobile enterprises and high-tech companies are investing heavily in research and development. Chinese independent automobile enterprises also take new energy and intelligence as a development opportunity, and are also making great efforts in research and development, and have achieved certain results. With the huge auto market on April 10th, 2015 and better interconnection infrastructure and technology, China's independent auto enterprises are expected to make breakthroughs in the field of intelligent automatic driving

the negative growth of the car market reappears, and the future market pressure will continue

in the first 11 months of 2018, China's car sales totaled 25.4 million, a year-on-year decrease of 1.7%. The China Automobile Industry Association predicts that the annual sales volume in 2018 will be 28million units, showing a decrease of 3%. In 2018, the car market will show its first negative growth in 28 years, that is, since 1990. At the same time, the China Automobile Association predicts that the growth of China's auto market will stop in 2019, and the annual auto sales volume in 2019 is expected to be 28million, the same as that in 2018

after more than 20 years of high growth, China's auto market began to enter the era of micro growth and entered a period of adjustment. The industry expects that this adjustment period will last for about 3 years. During this adjustment period, the competitive pressure of domestic automobile enterprises will further increase and the pace of automobile industry restructuring will further accelerate after the completion of the installation of loading cylinders and deformation measurement


Luo Cheng

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