Publicity of subsidies for new energy vehicles Byd Company Limited(002594) won RMB 2.9 billion

Recently, the first equipment industry department of the Ministry of industry and information technology entrusted the communication clearing center of the Ministry of industry and information technology to carry out the clearing audit of the subsidy funds for the promotion and application of new energy vehicles in 20192020 and the calculation of the advance allocation of subsidy funds in 20192021.

It is reported that the subsidy policy in 2022 also continues to decline by 30%. In the latest subsidy standard released before, 9100 yuan will be subsidized for each new energy vehicle with a range of Shenzhen Jt Automation Equipment Co.Ltd(300400) kilometers (including 300 kilometers), and 12600 yuan will be subsidized for each vehicle with a range of more than 400 kilometers (including 400 kilometers); Each plug-in hybrid will be subsidized 4800 yuan.

According to the vehicle information form of clearing and reviewing the subsidy funds for the promotion and application of new energy vehicles in 2019 and 2020, in 2019, the enterprise applied for the promotion of more than 300000 new energy vehicles and the approved number of new energy vehicles was 250000. After deducting the corresponding pre allocated funds, the remaining funds exceeded 1 billion yuan; In 2020, the number of new energy vehicles declared by enterprises for promotion exceeded 620000, and the approved number for promotion was 590000. After deducting the corresponding pre allocated funds, the remaining funds exceeded 2.3 billion yuan.

In addition, in 20192021, the proposed advance fund for the promotion and application of new energy vehicles nationwide is 1319774 billion yuan, which is about 2.9 billion yuan to be deducted, that is, about 10.3 billion yuan. A number of auto companies obtained the advance funds, Tesla (Shanghai) company received 121502 million yuan, and Byd Company Limited(002594) automobile industry and Byd Company Limited(002594) automobile received 293892 million yuan. In addition, SAIC GM Wuling received 139.37 million yuan.

Since 2009, the central government began to subsidize the promotion and application of new energy vehicles. By 2021, China Shanxi Guoxin Energy Corporation Limited(600617) automobile market has enjoyed a subsidy dividend for 12 years. According to the current policy, 2022 will be the last year to implement the subsidy policy for new energy vehicles.

The policy also makes it clear that the subsidy policy for the purchase of new energy vehicles in 2022 will be terminated on December 31, 2022, and the vehicles licensed after December 31, 2022 will no longer be subsidized.

According to preliminary statistics, by the end of 2021, the Ministry of Finance had publicized the liquidation and review of 19 batches of subsidies for the promotion and application of new energy vehicles, with a cumulative amount of more than 140 billion yuan.

With regard to improving the subsidy policy for new energy vehicles, Zeng Qinghong, deputy to the National People’s Congress and Guangzhou Automobile Group Co.Ltd(601238) chairman of the board of directors, suggested delaying the state subsidy for one to two years, simplifying the procedures for receiving subsidies in the early stage, alleviating the financial pressure on enterprises, and considering the strategic direction adjustment of the subsidy policy for the promotion and application of new energy vehicles at the national level in the new period, To achieve the purpose of “boosting consumption and encouraging construction”.

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