· Newly built fuel vehicles are no longer approved as new energy vehicles

On December 20, the State Council issued the “Government-approved Catalogue of Investment Projects (2016)” (hereinafter referred to as the “Catalogue”), emphasizing that in principle, new traditional fuel vehicle manufacturers will no longer be approved, and new energy vehicles will be actively guided. development of.

This revision of the Catalogue is the third revision of the list of investment projects approved by the government after 2013 and 2014. A total of 17 approval authoritys have been cancelled and decentralized. If we add the first two revisions in 2013 and 2014, the reduction of corporate investment projects approved by the central government level will reach about 90% of the original total. The Catalogue specifically mentions that strict control of new conventional fuel vehicle production capacity will in principle no longer approve new traditional fuel vehicle production enterprises. Actively guide the healthy and orderly development of new energy vehicles. Newly-built new energy automobile production enterprises must have key technologies such as power system and vehicle R&D capability, and meet the relevant requirements of the “Management Regulations for New Pure Electric Passenger Vehicle Enterprises”.

In this regard, industry experts analyzed that this is an important guideline for the transformation and upgrading of the automotive industry. New energy vehicles represent the future development direction of the automobile industry, and traditional car companies should actively expand the new energy vehicle business.

The traditional fuel vehicle industry's production capacity has been structurally surplus. Under the dual constraints of fossil energy consumption and air pollution, the transition from high-pollution, high-emission traditional fuel vehicles to zero-emission or low-emission new-energy vehicles is the only way for the automotive industry.

According to the "13th Five-Year Plan for the Development of Strategic Emerging Industries", the new energy automobile industry is one of the eight strategic emerging industries during the "13th Five-Year Plan" period. By 2020, the company will produce and sell more than 2 million vehicles in that year, with an accumulated production and sales of more than 5 million vehicles.

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