Miao Wei: new energy vehicles long-term good development trend has not changed

The industry's major listed companies: BYD (002594), Geely Holding (00175.HK), SAIC (600104), GAC (601238), BAIC (600733), Chang'an Automobile (000625) and so on.

The core data of this article: China's new energy vehicle production, China's new energy vehicle sales, the proportion of different types of new energy vehicles in China by use

New energy production and sales scale doubled

2020, China's new energy vehicle sales accounted for 40.70% of global sales of new energy vehicles. 40.70% of new energy vehicle sales, only 3.1 percentage points less than Europe. 2020 China's local automobile manufacturer BYD sells 179,200 new energy vehicles globally, ranking third in the world. With the gradual development of the new energy vehicle industry, in 2014 China began to appear private purchase of new energy vehicles, which also opened China's new energy vehicle year. 2015 the country entered the new energy vehicle industry high-speed growth year, China has also become the world's largest market for new energy vehicles in this year. 2021 China's new energy vehicle production 3.545 million units, an increase of 159.5% year-on-year.

In terms of sales, China's new energy vehicle sales of 3.521 million units in 2021, up 157.6% year-on-year. For seven consecutive years, sales ranked first in the world.

Pure electric vehicles occupy 80% of the market

Dividing China's new energy vehicles by power system, pure electric vehicles are the type of new energy vehicles with the most production and sales in China.In 2021, the production of pure electric vehicles accounted for 82.99% of the total production of China's new energy vehicles, and the sales volume accounted for 82.82% of China's total new energy vehicle sales. 82.82%.

By application, in 2021, the production and sales of new energy passenger cars accounted for about 95% of the country's total automobile production and sales, which is the type of new energy vehicles that accounted for the most by application in China.

In China's "14th Five-Year Plan" clearly mentioned focusing on new energy vehicles and other strategic emerging industries, hydrogen energy and other industries to organize the implementation of future industry incubation and acceleration plan, etc. In November 2020, the State Council General Office of the issuance of the "new energy automobile industry development planning (2021-2035) Clearly the future development goals of new energy vehicles, put forward to 2025 pure electric passenger cars new car average power consumption down to 12.0 kWh / 100 km;

To 2035 pure electric vehicles become the mainstream of new sales vehicles, public **** field with a full electrification of the car. From the current market status and future policy direction, pure electric vehicles will occupy the mainstream of the new energy vehicle market for a long time.

The above data refer to China New Energy Vehicle Industry Market Outlook and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.