Recently, the automobile industry has frequently sent positive signals.
Xin Guobin, member of the Party group and vice minister of the Ministry of industry and information technology, recently went to China Automobile Circulation Association to investigate the automobile industry chain. During the investigation, Xin Guobin pointed out that the resumption of work and production of China’s automobile industry has achieved phased results. Next, the competent authorities should pay close attention to studying the policies and measures to stabilize and expand automobile consumption and promote the accelerated recovery of automobile consumption.
With the promotion of resumption of work and production, the kinetic energy of bottom rebound of relevant companies continues to gather. This week, the whole vehicle, auto parts, new energy vehicles and other sectors continued to rise. Among them, Zhongtong Bus Co.Ltd(000957) daily limit, weekly increase as high as 61.43%.
automobile industry has shown signs of improvement
Xin Guobin said that with the joint efforts of all parties concerned, the resumption of work and production of the automobile industry has achieved phased results, the automobile production and sales have gradually recovered, and the kinetic energy of the bottom rebound is gathering. According to the statistics of the passenger car market information joint meeting, from May 1 to 15, the retail sales of passenger cars nationwide were 483000, a year-on-year decrease of 21%, a decrease of 13 percentage points compared with the same period last month.
Affected by the multi-point spread of covid-19 pneumonia and other factors, China’s automobile production and sales decreased significantly year-on-year in April. The Ministry of industry and information technology, together with relevant local governments and departments, took prompt action to organize and build a “smooth coordination platform for the supply chain of the automobile industry chain”, establish a ministry provincial (city) collaborative linkage mechanism, promote the solution of more than 4000 batches of enterprise logistics transportation and resumption of work and production, and actively open up the supply chain blocking points for automobile enterprises.
Xin Guobin said that next, we should make every effort to stabilize production, continue to play the role of smooth coordination platform and central local linkage mechanism, continue to improve the “white list” system, promote the collaborative resumption of work and production of upstream and downstream vehicles, strengthen the supply of automobile chips and the price stabilization of bulk raw materials, and fully ensure the smooth and stable supply chain of the industrial chain.
raw material prices began to stabilize
The reporter found that the cost problem that had plagued automobile enterprises also showed signs of easing.
Data show that with the policy of the Ministry of industry and information technology on maintaining the supply and stable price of lithium products and the gradual easing of lithium salt market supply, the prices of lithium carbonate and lithium hydroxide, which had risen fiercely, have stabilized. As of May 20, the average spot price of domestic battery grade lithium carbonate was stable at 461500 yuan / ton.
For the price trend of domestic battery grade lithium carbonate in the future, SMM research believes that the current game mood in the industrial chain is strong, and it is expected that the price will focus on maintaining stability. The price of lithium hydroxide is currently stable at 467500 yuan / ton, and the future price is expected to remain stable.
The recovery of production and the stabilization of costs mean that the situation of the automobile industry is improving.
China Industrial Securities Co.Ltd(601377) analyst Dai Chang believes that the automotive industry is expected to usher in an upward turning point in fundamentals by the end of the second quarter of 2022, and the attractiveness of industry configuration will continue to improve.
Chen Shihua, Deputy Secretary General of China Automobile Association, said that automobile enterprises are striving to catch the key window period in May and June to make up for the lost production and sales. It is expected that the automobile industry is expected to maintain stable development throughout the year.
the policy of stabilizing and expanding automobile consumption will be launched
During the investigation, Xin Guobin also made an authoritative statement on the hot issues of encouraging automobile consumption.
He said that the automobile industry is an important pillar industry of the national economy. It has a long industrial chain, wide coverage and strong driving force. At present, it is facing the “two-way pressure” of blocked supply and weak demand. We must adhere to the “demand first and bilateral forces of supply and demand”, reverse the downward trend as soon as possible, and provide strong support for stabilizing the overall economic market.
“In accordance with the deployment of the CPC Central Committee and the State Council, we should pay close attention to studying the policies and measures to stabilize and expand automobile consumption, continue to strengthen the promotion and application of new energy vehicles, accelerate the recovery of automobile consumption, stimulate supply with demand and realize a virtuous circle.” Xin Guobin stated his position.
As for how to expand the consumption of new energy vehicles, the industry generally believes that “cars to the countryside” is very possible.
In April, the general office of the State Council issued the opinions on further releasing consumption potential and promoting sustainable recovery of consumption, which required that regions with conditions should be encouraged to carry out new energy vehicles and green smart appliances to the countryside, and promote the construction of charging piles (stations) and other supporting facilities.
In the 14th five year plan for promoting agricultural and rural modernization issued by the State Council in February, it is also mentioned that areas with conditions are encouraged to carry out the renewal of rural household appliances, implement furniture and home decoration subsidies and a new round of automobile to the countryside, so as to promote the renewal of durable consumer goods for rural residents.
China Merchants Securities Co.Ltd(600999) believes that the increasing pressure on steady growth and the successful experience of new energy vehicles in the countryside are the important policy foothold for steady growth and promoting automobile consumption this year. It is expected to be popularized on a larger scale and the scale is expected to reach a new high, which will become an important support for the sales of new energy vehicles this year.
In addition to “automobile to the countryside”, the suggestions put forward by the industry to boost automobile consumption also include chip boarding subsidies, purchase tax exemption for new energy vehicles, etc.
Experts believe that the wait-and-see mentality of consumers after the epidemic and the rise of raw materials will affect the growth of automobile consumption to a certain extent. Therefore, a series of measures to promote consumption are essential, and we should further tap consumer demand.
