The Ministry of Industry and Information Technology released the data of new energy vehicles in July 2015. In July, the national total production was 20,400 units, a year-on-year increase of 2.5 times. From January to July, the cumulative production was 98,900 units, a year-on-year increase of three times. In the context of the overall slowdown in the automotive industry, new energy vehicles continue to maintain high growth year-on-year, and the performance of the sub-sectors is unique. We continue to be optimistic about the development momentum of new energy vehicles, optimistic about the industry leader; continue to maintain the segmentation industry "bound leader does not relax" view, maintain the industry "recommended" investment rating. Flavor And Fragrance Intermediates Aromatic Chemicals,Perfumery Ingredients,Flavor Compounds Henan Kepeiao New Materials Co.,Ltd. , https://www.kopeochem.com
According to the June data of the China Automobile Association, the total output of automobiles in June was 1.851 million units, down 0.2% year-on-year; the total sales volume was 1.803 million units, down 2.3% year-on-year. Among them: passenger car production of 1.587 million, down 0.7%; sales of 1.511 million, down 3.4%; commercial vehicle production of 263,000, an increase of 2.9%; sales of 292,000, an increase of 3.5%. As the overall industry base reaches 10 million orders, the year-on-year and quarter-on-quarter growth rates have become the new normal.
However, the production and sales of new energy vehicles continued to maintain high growth. According to the Ministry of Industry and Information Technology, China's new energy vehicle production in 2010 was 20,400 units, a year-on-year increase of 2.5 times. Among them: 6657 pure electric passenger cars, up 79% year-on-year; 5688 plug-in hybrid passenger cars, up 4.5 times; pure electric commercial vehicles 6395, up 17 times; Increase by 145%. Compared with the industry, the trend continues to grow against the trend.
We believe that the two major industry policies that will begin to be realized in the near future will once again inject a strong boost into the industry.
First, the "Guidelines for Electric Vehicle Charging Infrastructure" and "Guiding Opinions on Charging Infrastructure Construction" are expected to be introduced in the near future (China Automobile Association). The difficulty in charging electric vehicles and the unbalanced interface standards have always been one of the two bottlenecks that hinder China's new energy (22.76, 1.09, 5.03%). The formulation of the new national standard, the introduction of the "Guide" and "Opinions" will standardize and motivate the charging of electric vehicles in China for the first time. In line with the successive climbs of vehicle production capacity in the second half of the year, we judge that the new energy vehicles will usher in the second high in the fourth quarter. Increase in speed.
Second, local policies are expected to be launched in the fourth quarter. As of the end of July 2015, out of the 88 pilot cities, there are still 25 pilot cities that have not issued relevant supporting policies, and the other 63 pilot cities have introduced 175 supporting policies. It can be expected that local purchases in the fourth quarter of the city will constitute a major force for commercial vehicles (mainly buses) and pure electric rental sales; unsettled cities will form a double stimulus due to the deadline pressure.
Therefore, we can see from the data in July that pure electric commercial vehicles have begun to work hard in the case of plug-in hybrid vehicles continue to grow. Therefore, such as pure electric buses, light trucks and rentals have gradually become a force to be reckoned with. At the same time, local restrictions, high emission pressures, and commercial start at the same time, we continue to focus on the industry leaders BYD (65.40, 5.95, 10.01%), Zhangzhou Pearl (16.40, 1.49, 9.99%). New energy vehicles are beginning to become the bright lights in the current downturn market.
·Automotive industry benefit policy stimulates industry leader speed