The auto industry welcomes favorable policies again, involving multiple links such as auto consumption and second-hand car circulation, and individual stocks “respond to the rise”

Good news for the auto industry.

On December 15, the National Development and Reform Commission issued the “Implementation Plan for the “14th Five-Year Plan” Strategy to Expand Domestic Demand” (hereinafter referred to as the “Implementation Plan”). According to Xinhua News Agency, on December 14, the Central Committee of the Communist Party of China and the State Council issued the “Strategic Planning Outline for Expanding Domestic Demand (2022-2035)” (hereinafter referred to as the “Outline”). The two documents mentioned the automobile industry many times, involving multiple links such as automobile consumption, infrastructure construction for new energy vehicles, used car circulation, and scrap recycling.

“Entering a new stage of development, there is still great potential to expand domestic demand.” Zhao Chenxin, deputy director of the National Development and Reform Commission, said that my country’s residents’ consumption has great potential for quality improvement and capacity expansion, and there is a strong demand for investment in making up for short plates and forging long plates. The promotion of new urbanization and regional coordinated development will further Expanding the domestic market space and gradually improving the market system will help fully stimulate market vitality, and the continuous improvement of supply levels will lead to the creation of more market demand.

In terms of releasing the potential of travel consumption, the “Implementation Plan” proposes to promote the transformation of automobile consumption from purchase management to use management, and encourage areas with purchase restrictions to explore alternative purchase restrictions such as differentiated traffic management. Promote cross-provincial registration of second-hand car transactions to facilitate second-hand car transactions. Strengthen the construction of parking lots, charging piles, power stations, hydrogen refueling stations and other supporting facilities.

According to data from the China Association of Automobile Manufacturers, from January to November 2022, the total sales of automobiles in my country will be about 24.302 million, a slight increase of 3.3% year-on-year. However, near the end of the year, the automobile terminal market is also facing a lot of pressure. In November, automobile sales were 2.328 million, a month-on-month decrease of 7.1% and a year-on-year decrease of 7.9%. The Federation of Passenger Passengers previously stated that due to the impact of the epidemic this year, promotional activities such as auto shows in many places have been suspended, and offline dealers have closed their stores more obviously, which has curbed the demand for automobile consumption. According to the analysis of Guolian Securities , the introduction of the “Implementation Plan” and “Outline” put forward planning requirements for automobile consumption and infrastructure construction, which will jointly help the healthy development of the automobile industry.

It is worth mentioning that the “promoting the transformation of automobile consumption from purchase management to use management” proposed in this document may mean that the foothold of future automobile policies will be more use-oriented, while the previous restrictions on purchases may change. relax. It is understood that car purchase restrictions are an important means to control traffic congestion in many cities. Its core goal is to control the total inventory, but it will restrain car consumption to a certain extent. At the same time, there is a lack of regulation and guidance on the use of existing vehicles.

The use management pays more attention to the use of the whole life cycle of the car, and adjusts the use intensity of the car through smart transportation and refined management. For example, Japan uses differentiated parking fees to regulate the use of passenger cars in the core areas of major cities, and Singapore regulates traffic flow by charging congestion fees.

In terms of actively developing green and low-carbon consumption, the “Implementation Plan” proposes to promote e-commerce platforms to expand the sales of green products. Establish and improve green product standards, labeling, certification and other systems, and carry out green product evaluation. Vigorously promote new energy vehicles and new energy and clean energy ships. Encourage green power trading, formulate incentives to promote the purchase of green power by various power users, and promote high-energy-carrying enterprises and industries to give priority to the use of green power. Improve the mandatory scrapping system and the recycling and processing system for durable consumer goods such as waste household appliances, accelerate the establishment of a recycling system for waste materials, strengthen the recycling of waste paper, waste plastics, waste tires, waste metal, waste glass, waste agricultural film and other renewable resources, and improve resource production. out rate.

In fact, since the beginning of this year, the sales of new energy vehicles have increased significantly, which is the “main engine” of the growth of the auto market. Statistics show that the cumulative sales volume of new energy vehicles in my country in the first 11 months was 6.067 million, a year-on-year increase of more than double, and the market share also reached 25%. It is worth mentioning that this figure has surpassed the goal of “reaching 20% of the new energy vehicle market penetration rate in 2025” specified in the “New Energy Vehicle Industry Development Plan (2021~2035)”.

At the same time, the “Implementation Plan” and “Outline” also put forward requirements for the construction of new energy vehicle infrastructure. According to the latest data released by the China Electric Vehicle Charging Infrastructure Promotion Alliance, from January to November, my country added 2.332 million new charging infrastructure and 6.067 million new energy vehicles. Based on this calculation, the increase ratio of pile vehicles this year is 1: 2.6, a significant improvement over the same period last year, but the overall pile-to-vehicle ratio is about 1:3, and there is still a lot of room for improvement.

According to the analysis of the Dongguan Securities Research Report, the penetration rate of new energy vehicles continues to rise, driving the development of the charging pile industry, and the market size of charging piles will exceed 100 billion yuan. It is estimated that the compound annual growth rate of the number of new charging piles will reach 44% from 2021 to 2025. The agency estimates that the market size of charging piles will reach 124.1 billion yuan, 134.7 billion yuan, 148.2 billion yuan, and 204.5 billion yuan from 2022 to 2025, respectively.

On December 15, affected by the release of the potential of travel consumption in the “Implementation Plan” and “Outline”, the A-share automobile and parts sectors continued to rise. The subdivision direction is the largest increaser. In terms of individual stocks, as of the close on the 15th, Ankai Bus, Xiangxin Technology and other stocks had their daily limit.

In the early trading of Hong Kong stocks on December 16, automobile stocks generally rose. As of the press release of the “Daily Economic News” reporter, Geely Auto rose 3.33%; Weilai-SW rose 2.97%; Xiaopeng Auto -W rose 2.12%; Ideal Auto -W rose 1.49%; Great Wall Motor rose 1.15%.

This article is from the WeChat public account “NBD Auto” (ID: NBD-AUTO) , author: Li Shuo, 36 Krypton is authorized to publish.

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