On December 16th, the National Development and Reform Commission held a news conference online for the month of December and answered questions related to the development of the new energy vehicle industry.
The conference was hosted by Meng Wei, deputy director of the policy research department and spokesperson of the National Development and Reform Commission. She stated that the automobile industry has been greatly affected by the epidemic this year, and the country has timely introduced policy measures to stabilize and expand automobile consumption. Since April, the automobile industry has shown a rapid recovery and sustained growth trend. From January to November, the year-on-year decline in automobile production and sales has narrowed to about 3%, and the main business income, total profit and value added have achieved positive year-on-year growth.
(Photo source: Gov.cn)
Among them, the new energy vehicle industry saw a relatively large decline in the first half of the year. Since July, it has been showing a continuous upward trend, with production and sales of 198,000 and 200,000 vehicles respectively in November, an increase of 75% and 105% year-on-year.
It is expected that the overall automobile industry can recover to the level of the previous year this year, with the main economic indicators such as value added better than last year. Production and sales are expected to reach about 25 million vehicles, and new energy vehicle production and sales are expected to exceed last year.
In October of this year, the General Office of the State Council issued the “Development Plan for the New Energy Vehicle Industry (2021-2035)”, which proposed the development goal of reaching about 20% of new energy vehicles sales out of total auto sales by 2025, and required the improvement of technological innovation capabilities, the construction of a new industrial ecosystem, the promotion of integrated development of industries, the improvement of infrastructure system, and the deepening of open cooperation.
🔗Source: China EV100
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.