The number of new energy vehicles is growing rapidly, and the automotive industry is facing a century of changes
Nowadays, green sustainability has become an important topic for the development of the earth. The overlapping of energy revolution and digital revolution promotes the global automobile industry to enter the new energy era. Focusing on the Chinese market, this historic change has brought unprecedented opportunities for the automotive industry to catch up and surpass. The national strategy has given full support to the industry in the past decade, and the market scale has grown explosively. According to the statistics of the Ministry of public security, in 2020, the number of new energy vehicles reached 4.92 million, a year-on-year increase of 29.1%, showing strong resilience in the face of the epidemic. Globally, the Shanxi Guoxin Energy Corporation Limited(600617) car ownership accounts for nearly 50%, and continues to play a leading role. Airy consulting believes that the ownership of new energy vehicles continues to grow and the automobile industry accelerates reform driven by policy encouragement, improvement of technical capacity, improvement of infrastructure, and increased demand for automobile replacement.
The sales volume of new energy vehicles is growing rapidly and is expected to exceed 7 million in 2025
From 2019 to the beginning of 2020, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles fell periodically due to the double blow of subsidy decline and epidemic situation. However, stimulated by the rapid and effective control of the epidemic and the extension of subsidy policies, sales quickly rebounded to 1.367 million vehicles throughout the year, accounting for 5.4% of the overall automobile sales. Meanwhile, according to the data of China Automobile Association, the sales volume of new energy vehicles from January to November 2021 reached 2.99 million, with outstanding results. On this basis, according to the calculation of iResearch data, the annual sales volume is expected to be 3.268 million, accounting for 12.3% of the vehicle sales. In addition, referring to the development vision that the sales volume of new energy vehicles will account for about 20% in 2025 in the new energy vehicle industry development plan (2021-2035), combined with the favorable conditions such as the expected goal of green economy, the improvement of technology maturity, the further decline of cost and the increase of consumer demand driving force, we expect that the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will exceed 7 million in 2025, CAGR is 39.8% from 2020 to 2025.
Tangible hand to strengthen market determination, deepen reform and help green development
In September 2020, China put forward the climate goal of striving to reach the carbon peak by 2030 and achieve carbon neutrality by 2060, so it is urgent to promote new energy substitution. However, this is not easy for a century old industry, which is inseparable from the help of the “visible hand” of policy. Over the past decade, the comprehensive and powerful policy support has injected a booster into the Shanxi Guoxin Energy Corporation Limited(600617) automobile industry, so the industry has achieved a certain first mover advantage. Among them, industry planning leads macro elements such as target expectation and layout direction; In the market, subsidies and incentives are introduced from both sides of supply and demand to support the transformation of the supply side and guide consumers, so as to gradually improve the driving force of market supply and demand. Of course, it is undeniable that the overall industry is still in the early stage of development, and the visible hand of policy will continue to “escort” the deepening process of reform.
