On January 11, the latest data released by the passenger Federation showed that in December 2021, the retail sales of new energy passenger vehicles reached 475000, a year-on-year increase of 128.8% and a month on month increase of 25.4%. In the fourth quarter of 2021, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) passenger cars was 1.3 million. With the significant improvement of Chinese consumers’ recognition of the new energy market and the stability of policy subsidies, it is bound to promote the sharp increase in the total sales of Shanxi Guoxin Energy Corporation Limited(600617) passenger cars in 2022 and continue to maintain a super leading position with a share of more than 50% in the world.
In terms of annual sales, 2.989 million new energy vehicles were retailed from January to December 2021, with a year-on-year increase of 169.1%. The trend of new energy vehicles is strongly different from that of traditional fuel vehicles, realizing the partial substitution effect of new energy vehicles on the fuel vehicle market, proving the change of consumer demand through the market-oriented choice of users, and driving the vehicle market to accelerate the transformation to new energy.
In terms of the performance of auto enterprises, in December, the new energy passenger vehicle market was diversified, and the wholesale sales of manufacturers exceeded 10000, which increased significantly compared with the previous period, including Byd Company Limited(002594) 93338, Tesla China 70847, SAIC GM Wuling 60372, Great Wall Motor Company Limited(601633) 20926, Chery 20501, Geely 16831, Xiaopeng 16000, SAIC passenger vehicles 14868 There are 14500 gac-ea cars, 14087 ideal cars, 11213 FAW-Volkswagen cars, 10489 velai cars, Chongqing Changan Automobile Company Limited(000625) 10404 cars and 10127 United cars.
According to the analysis of the passenger Federation, according to the newly released policy, the framework and threshold requirements of the current purchase subsidy technical index system will remain unchanged in 2022, and the subsidy scale is not locked from the original expected upper limit of 2 million vehicles, which will realize the subsidy throughout the whole year of 2022.
In addition, with the doubling of the scale of the new energy industry chain and the improvement of cost reduction ability, it is expected that the increment of new energy vehicles will be strong by the end of 2022. It was originally expected that the sales volume of new energy passenger vehicles would be 4.8 million in 2022. At present, it should be adjusted to more than 5.5 million, and the penetration rate of new energy passenger vehicles would reach about 25%. New energy vehicles are expected to exceed 6 million, and the penetration rate of new energy vehicles is about 22%.
It is worth mentioning that with the recent introduction of new energy vehicle insurance, the insurance cost of new energy vehicles has increased too high. The possible result is that the fuel money saved by new energy vehicles has to pay insurance premiums, which makes the use of new energy vehicles seem not cost-effective, forms a phenomenon that they can’t afford to buy, and increases the concerns of price sensitive users and the difficulty of decision-making in selecting insurance types, It is not conducive to the promotion of new energy vehicles.
“Auto insurance with premium based on usage should start from intelligent new energy vehicles. New energy vehicles are 100% networked when leaving the factory, and UBI is the most important scenario for the application of netunion vehicles to the insurance industry.” In an interview with Securities Daily, Fang Zhongyou, chairman of China Insurance Research Institute of automotive technology, said that under the current big data technology, UBI products priced based on the actual use of vehicles will inevitably become an important field of automotive insurance product innovation in the future.
Cui Dongshu, Secretary General of the national passenger car market information joint committee, believes that under the background of the continuous improvement of the road traffic environment and efficient law enforcement by the insurance industry in combination with the Ministry of communications and other ministries, more accurate insurance calculation and insurance scheme recommendation will also appear through the calculation of claim settlement rate based on historical data. Cui Dongshu said that he looked forward to national policies to support reasonable subsidies for insurance costs, so that more consumers can buy new energy vehicles to save money and worry.
(source: Securities Daily)
