Subsidy for new energy vehicles will drastically reduce the number of car companies will face challenges

The recent rumor about “subsidies for new energy vehicles in 2018 will be drastically reduced” and various rumours of “subsidizing the New Deal coming soon” cover the automotive industry. In fact, as early as the end of 2016, the ministries and commissions of the Ministry of Finance, the National Development and Reform Commission, and the Ministry of Industry and Information Technology have made it clear that the subsidy for new energy vehicles will be reduced by 20% in 2016-2018 based on the subsidies for 2016-2018, and the subsidy standard for 2019-2020 in 2016. Based on a 40% drop, until 2020, financial subsidies will be completely withdrawn.

According to relevant reports, the new subsidy program in 2018 focuses on cruising mileage and subsidy subsidies, the original 150?R

It is worth noting that the new subsidy program and the subsidy program for 2017 (amended in December 2016) have certain differences, of which the subsidy program fiscal subsidy in 2017 has shrunk, but in 2018 it has increased substantially. This is undoubtedly a huge incentive policy for capable and skilled companies.

China’s Minister of Science and Technology Wan Gang stated at the “2017 International Electro-Vehicle Demonstration City and Industry Development Forum” held in Beijing on June 6, 2017: “Now electric vehicles are gradually becoming ideal for us and will have full market competitive industry development in the future. The policy is thus changing.” Clearly, the state encourages competition in “new energy vehicles” and competition can develop. Subsidies to the policy are more intensified in terms of "quantity" while at the same time popularizing "quantity". In the face of this policy, all car companies have a sense of urgency.

Currently occupying half of the sales of new energy passenger vehicles is a small car (including micro) mainly based on AOO and AO pure electric vehicles. According to statistics, in 2017, sales of miniature electric vehicles accounted for 65% of the entire new energy passenger car market. Although the volume is huge, there is still much room for improvement in terms of workmanship, smart configuration and sense of technology compared with traditional fuel vehicles of the same level. From the perspective of the current structure of new energy products, the high prices of high-end smart new energy vehicles represented by Tesla are not acceptable to the average consumer; low-end, low-cost, small-scale pure electric vehicles cannot meet consumers' demands for intelligence and Comfort requirements. It is estimated that the introduction of the New Deal will lead to a substantial shift in the current hot demand of the A00 market, and will make corresponding changes to the price, production and sales structure.

2018 is a very critical period for mini electric vehicles. According to the 2018 new energy vehicle subsidy draft, the subsidy policy will mainly be adjusted from three aspects: subsections of mileage subsidy will be more detailed, Increased battery energy density requirements and energy-consumption branching subsidies. For passenger vehicles, the cruising mileage subsidy may be divided into 50km per file, or the subsidy will be given to the key models of the A00 class. In the case of logistics vehicles, the power battery energy density requirement may be increased to 115Wh/kg. The previous requirement was 90Wh/kg. For passenger cars, the power battery energy density requirement may increase by 140Wh/kg, which was previously required to be 120Wh/kg. It is reported that a subsidy line received by a vehicle manufacturer is 105Wh/kg, and the subsidy factor may be re-adjusted. The battery energy density is 105 to 120Wh/kg, and the coefficient is 0.5. The battery energy density is 120-140Wh/kg. 1x coefficient subsidy, with an energy density higher than 140Wh/kg, subsidized by a factor of 1.1.

People in the industry believe that under the stimulation of changes in the subsidy policy, models with cruising range below 200km will exit the stage, and micro-electric vehicles will fully advance to more than 200km, while the original 250km A-class car will advance toward 300km. Mileage will become the most important consideration for car companies in 2018. In the future, under the control of the market mechanism, the people will undoubtedly need new energy products with high quality and low price, and the market will be guided by consumer demand to carry out a new round of upgrading of product structure.

As a pioneer enterprise of domestic new energy vehicles, in order to better meet the driving needs of the general public, Lifan New Energy recently launched a new upgraded product - 330EV C version has officially entered the market. The Lifan 330EV C version is mainly a new energy model developed and optimized in the face of the C-end consumer market. It is optimized and improved on the basis of the original Lifan New Energy 330EV electric vehicle replacement version. Previously, the 330EV replacement version of the "Patara car" brought a good car experience to the public in the time-sharing leasing market; after two years of precipitation, combined with the needs of the C-side market, Lifan New Energy The 330EV C version of the charging model launched has improved technology and after-sales service, and has won unanimous approval from consumers for its higher quality, better production technology and more affordable price.

Lifan 330EV C version uses Lifan's fourth-generation new energy technology, power battery pack density 140w · h/kg, the maximum cruising range up to 260km, fully meet the user travel needs. The 60kw AC induction motor used has a maximum torque of 200N·m and a maximum horsepower of 82Ps. It is one of the largest motors with the largest power, the largest torque, and the highest horsepower among the major competitors in the market. The energy consumption per hundred kilometers is only 12.2kw·h/100km, and it only takes 6-8 hours for ordinary home recharging. Compared with most brands in the market, the Lifan 330EV C version has lower energy consumption, is more economical and energy-efficient, and has lower use costs. On average, it costs only 6 cents per kilometre.

The Lifan 330EV C version is available with lotto and enjoyable models, which can enjoy the national energy subsidies for new energy vehicles and be exempt from vehicle purchase tax. In the new energy promotion cities can also apply for local subsidies, subsidy (in the case of Chongqing local subsidies) Price is only: Lotto 51.8 thousand, enjoy the type 56800 (different regional prices due to landfill policy will be very different ). At present, there are a lot of pure electric vehicles in the market. After a series of subsidy, the car price of Lifan 330EV is still very earthy! Especially in the first-line cities where it is difficult to obtain licenses and cards, the price-performance ratio is more obvious. In addition, the cruising range of 260 kilometers, superior space and driving experience can well be used for family travel or commuting in and out of the city. Believe that will attract more car buyers like it.

High-quality products are the first choice for consumers. As a brand new model that is just on the market, the Lifan 330EV C version will bring consumers leading technologies, the quality of cars, and the national electric car experience in the E era. It is believed that this will be a C-end consumption. The market injected better performance. We will hopefully witness a more mature, more comprehensive and innovative Lifan new energy source.