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Weekly News on Hottopics (August 14, 2020)
2020-08-14 13:00:45

Development Environment

 
NDRC: To encourage the cities with restriction on auto purchases to appropriately increase quotas for automobile purchases in the second half of the year
 
On August 5, the National Development and Reform Commission stated that China will accelerate the promotion of high-quality development of new types of consumption such as smart retail and online education, promote the transformation and upgrading of consumption of automobiles and home appliances, and encourage cities with purchase restrictions to appropriately increase and relax the purchase limits on automobiles. The restrictions on purchases of new energy vehicles will be relaxed, and the governments will provide appropriate subsidies to the purchase of new energy vehicles.
 
The Auto Dealer Inventory Coefficient was 1.91 in July
 
According to the survey released by the China Automobile Dealers Association, the comprehensive inventory coefficient of auto dealers in July was 1.91, a year-on-year increase of 9.4% and increased by 10% from last month. 
 
The Automobile Consumption Index in July was 60.3 
 
According to data released by the China Automobile Dealers Association, the auto consumption index in July was 60.3, an increase from the previous month. It is expected that the auto sales in August will be basically the same comparing with that of the previous month or slightly increase.
 
The auto import to China in the first half of 2020 reached 360,000 units
 
In June, the import volume of automobiles was 83,000 units, rising greatly from last month and down 12% comparing with that of the same month of previous year. The total import of automobiles in the first half of the year was 360,000 units, a decrease of 170,000 vehicles from the same period last year and only accounting for 35% of the total of 2019.
 
China's auto exports fell 23% in the first half of the year
 
Under the impact of the overseas epidemic in June, China's auto exports fell by 48%. In the first half of the year, 430,000 automobiles had been exported, down 23% comparing with that of the same period of previous year. Of which, the export of passenger vehicles was 324,000 units, decreasing by 20% comparing with that of the same period of previous year; the export of new energy vehicles was 69,000, decreasing 37%
 
NEV Industry
 
Ministry of Finance: Adhere to the purchase tax exemption policy for new energy vehicles
 
On August 6, the Ministry of Finance issued the Report on the Implementation of Fiscal Policy in the First Half of 2020. The report pointed out that the government will continue to adhere to the purchase tax exemption policy until 2022 and support policy for the reduction of VAT for the second-hand vehicles.
 
Yunnan: To build 40,000 charging piles by 2022
 
The Implementation Program for Promoting the Construction of New Type of Infrastructure in Yunnan Province (2020-2022) proposes that by 2022, the province will have built 7 smart grids, 5 smart coal mine pilots, and 40,000 charging piles. Its annual production capacity of new energy vehicle will exceed 100,000 units.
 
The sales of power batteries begun to recover in July 
 
In July, the sales of power batteries in home was about 4.99GWh, a year-on-year increase of 6% and increasing by 6% from last month. This is the first time that domestic battery installed capacity has achieved double growth this year. Among them, the installed power of new energy passenger car batteries was about 3.58GWh, a year-on-year increase of 61%; the installed power of passenger car batteries was about 1.06GWh, a year-on-year decrease of 55%.
 
FAW signed framework agreement for cooperation with Jinlin and State Grid 
 
On August 4, China FAW signed a framework cooperation agreement with the Jilin Provincial Government and the State Grid. The three parties will jointly promote the construction of Changchun International Automobile City, the development of the "Green Energy Charging and Swapping" industry, the process of industry standardization, and the promotion of brand value.
 
XPENG will be listed in USA 
 
XPENG had formally submitted IPO documents to the Securities and Exchange Commission (SEC) of the United States for approval to be listed on the New York Stock Exchange. It will become the third Chinese new auto company listed in the United States.
 
Benz and CATL will deepen the cooperation 
 
Mercedes-Benz and CATL announced that they will deepen their cooperation in the field of power battery technology. The luxury pure electric car EQS equipped with CATL battery modules will be delivered to customers next year, and its cruising range will exceed 700 kilometers (WLTP standard).
 
AIWAYS starts the building of methanol fuel cell plant
 
On August 10, AIWAY started the building of its methanol fuel cell plant. According to the program, AIWAYS will invest Rmb 2 billion yuan in Gaoping to build a methanol-hydrogen fuel cell power system plant with an annual output capacity of 80,000 units. Its first product equipped with methanol-hydrogen fuel cell will be put on the market as early as 2022..
 
ICV Industry
 
Five ministries and commissions jointly issued the Guidelines for the Construction of National New Generation of Standard System for Artificial Intelligence 
 
On August 5, the Standardization Administration, the Cyberspace Administration of China, the National Development and Reform, the Ministry of Science and Technology, and the Ministry of Industry and Information Technology jointly issued the Guidelines for the Construction of National New Generation of Standard System for Artificial Intelligence. The guideline pointed out that in the formulation of the intelligent transportation related standards, it is necessary to research the standards for the platform for data information of intelligent transportation, communication between vehicle network and road network, electronic license plate recognition, road priority traffic, combination of Internet of Vehicles and artificial intelligence, combination of signal lights and artificial intelligence, and the integration of other Industries (such as public safety) and intelligent transportation etc..
 
10 companies jointly established Intelligent Connected Vehicle technology company 
 
China Intelligent and Connected Vehicles (Beijing) Research Institute Co.,Ltd and other nine companies has jointly established China Intelligent Control (Beijing) Technology Co., Ltd., with a registered capital of Rmb 40 million yuan. Its business scope includes wholesale of automobiles, parts, software development, basic software services, application software services and software development, etc..
 
BAIC BluePark will add more investments in 5G intelligent connected projects 
 
On August 3, BAIC BluePark disclosed a program for issuing new shares to raise no more than Rmb 5.5 billion for the development of ARCFOX brand high-end model, network construction projects, and the upgrading of 5G intelligent network connection system etc..
 
Horizon Robotics and Neolix starts the strategic cooperation to accelerate the application of self-driving vehicles
 
The Horizon Robotics and the Neolix had reached the agreement for strategic cooperation. The two parities will carry out in-depth cooperation for low-speed autonomous driving scenes to accelerate the application and large-scale operation of unmanned vehicles. According to the program, the Neolix unmanned vehicles equipped with Horizon Robotics Journey 2 chips and sensing algorithms will be mass-produced in the second half of the year.。
 
RoboSense launches 80 beam lidar
 
On August 4, RoboSense formally launched new high beam product: 80-beam lidar RS-Ruby Lite. It will help the more safety and reliable functional upgrades and commercialized applications of the autonomous driving solutions in major application scenes.
 
Trunk Technology and Fuyou Truck forms JV 
 
On August 4, Trunk Technology and Fuyou Truck announced that they had formed a JV. The two parties will provide intelligent, convenient and transparent integrated transportation services with artificial intelligence, autonomous driving and Big data as the core, and realize the in-depth integration of self-driving system and intelligent dispatching system to promote the application of autonomous driving technology in high-speed logistics.
 
 
Miss.Ren Ting

Tel: 86-22-84379133

Fax: 86-22-84379351

E-mail:renting@catarc.ac.cn

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