The countdown of the dual-integration car policy has entered a countdown period. Each car company has smashed new energy into the new energy, in order to cross the 10% qualifying line for new energy points in 2019. According to the model number and the corresponding cruising mileage of the new energy model, the National Federation of Caravans calculated the new energy scores of the 15 domestic car companies. The results show that the proportion of new energy vehicles in the first five months of the year has reached 8.9%, which greatly exceeds the 6.8 percent of the previous year's total, has already exceeded the 8% requirement for this year.

Data show that from January to May in 2018, China produced 270,000 units of new energy vehicles, forming a new energy score of 820,000 points, an average of 3.1 points per passenger car, up 7% from 2.9 points in 17 years. Among them, the new energy passenger car Output of 270,000 units, an increase of 129% compared to 2017; New energy points reached 820,000 points, an increase of 64% compared to the same period of last year. The percentage of points in the first 5 months of self-owned brands reached 21.5%, significantly ahead of the joint venture brand of 0.7%. It has a good momentum of development and great future potential.

In 2018, the policy forced automakers to speed up R&D and production of new energy vehicles. New energy vehicle points achieved a substantial increase from the same period in 2017. Judging from the new energy scores of the 15 mainstream car companies, new energy and JAC have performed most prominently. The percentage of points in the first half of this year exceeded 100%. The situation of several major groups has improved, and SAIC has been operating from last year. The 1.8% increase to 4.5%, Changan Automobile has reached 10%, and Beiqi's new energy points reach 20%.

The reporter noted that the new energy production of these 15 companies from January to May this year has been basically the same as last year, with only minor changes in FAW and Huatai.

Excellent performance: BYD, JAC

The proportion of new energy points exceeds 100%

Of the 15 mainstream car companies, BYD and JAC were among the top performers. The two companies earned 141% and 102% of their new energy scores during the January-May period this year. Last year, the proportion of the two car companies was only 50.8% and 34%.

In fact, BYD sales and profits have fallen significantly in recent years. Last year, the sales volume was 345,823 units, a year-on-year decrease of 10%, and net profit also decreased by about 20%. However, in the field of new energy, BYD, which has a leading edge in technology, is very attractive. From January to May of this year, BYD's cumulative sales of new energy passenger vehicles reached 57,796. Although it is difficult to complete the annual target of 200,000 vehicles, it still stands out.

It is worth noting that BYD produced 340,000 passenger cars last year, of which 55,200 were new energy vehicles. In January-May this year, only 121,000 vehicles were produced. The output of new energy vehicles was basically the same as last year. It reached 55,000 vehicles. Although BYD claimed that it did not abandon the traditional fuel vehicle business, it took the “new energy + fuel vehicle” route to walk on both legs, but it is clear that BYD's traditional fuel vehicle production is shrinking.

The situation of JAC is similar. Both sales volume and net profit have declined. New energy business is unique because of its first-mover advantage. According to the data, in 2017, the total number of new cars manufactured and sold by JAC was 497,979 and 510,892, which were 24.13% and 20.58% lower than the same period last year, and the net profit attributable to shareholders of listed companies also fell 62.83% year-on-year; the cumulative sales of new energy vehicles were comparable to the same period last year. An increase of 28.8% to 28,263 vehicles was the only bright spot. From January to May this year, JAC sold a total of 223,700 vehicles, which was a drop of 6.68% year-on-year, while the cumulative sales of pure-electric passenger cars surged by 184% compared to the same period last year to 18,000 vehicles.

Significant improvement: Chang'an, Huatai

From less than 4% to over 8% safety line

The proportion of new energy points for Changan Automobile and Huatai Automobile last year was only 3.8% and 2.1% respectively. In the past five months, the proportion of points has exceeded the 8% qualifying line, and it is temporarily relieved.

Judging from the sales volume in the recent period, the days of Changan Automobile are not as good. After sales fell by 6.23% year-on-year in 2017, it continued to show signs of weakness in 2018. In the first five months, cumulative sales were 422,000 units, down 6.4% year-on-year. However, Changan’s own brands have shown good performance in the new energy sector: In 2017, sales of new energy vehicles reached 61,000 units, an increase of 180.9% compared to 22,000 units in 2016.

In October 2017, Changan Automobile released the “Shangri-La Plan” and plans to complete the construction of three dedicated platforms for new energy sources by 2020. On June 19 of this year, the Changan Automobile New Energy Vehicle Project in Nanjing, Jiangning, was formally started construction, with a planned production capacity of 240,000 units, and is expected to be put into production by June 2020.

Huatai Motor Co., Ltd. promotes the development of new energy automotive business through a series of measures including upgrading of technology and comprehensive layout of the new energy automotive industry chain. This year's Beijing Auto Show, of the six models brought by Huatai Automobile, there are four new energy models. However, due to the slow market launch of new vehicles and the frequent occurrence of quality problems, Huatai Automotive's traditional vehicle business has been left behind by other independent brands of the same era. According to the data, Huatai produced 100,000 traditional cars last year, while the output of the first five months of the year was only 21,000.

Continue to bottom: Dongfeng, FAW

Less than 2% of the scores are worrying

From the perspective of new energy points from January to May this year, there are still six car companies in Brilliance, SAIC, GAC, Great Wall, FAW, and Dongfeng that have not yet reached 8%. Among them, Huachen Points accounted for 6.1% of the remaining vehicles. Enterprises are below 5%, and Dongfeng and FAW have not even reached 2%.

The “Measures for the Concurrent Management of the Average Fuel Consumption of Passenger Vehicles and New Energy Vehicle Integration” stipulates that each vehicle company must produce a new energy model at a certain percentage regardless of the number of fuel vehicles produced. Although the new energy vehicle business of state-owned auto groups such as SAIC and GAC has made no small progress, due to the large volume of traditional vehicles, the proportion of points has still been relatively slow. However, with the advancement of the new energy strategy, the two car companies are making steady progress toward the goal. In particular, SAIC Group has increased from the 1.8% share of the previous year to the current 4.5%.

The most worrying thing is that FAW and Dongfeng are difficult brothers. In the recent years when the Chinese automobile industry ushered in the golden development period, although FAW and Dongfeng were expensive as central enterprises, due to historical issues, many decision-making mistakes have missed the opportunity for development. According to the data, in 2017, Dongfeng and FAW’s new energy scores were 0.5% and 0.7% respectively. Today, nearly half of 2018, the scores of the two state-owned enterprises have increased, but only 1.3% and 1.7% are far from the 8% qualifying line in 2018.

At present, FAW and Dongfeng have paid sufficient attention to the new energy business. Take FAW Group as an example. In terms of self-owned brands, the first electric SUVE-HS3 of Hongqi has appeared at the Beijing Auto Show before and will soon be listed; the joint venture is also paving the way for new energy, such as Volkswagen's new pure electric MEB platform settled in FAW-Volkswagen Foshan. The factory is expected to put into production the new Volkswagen pure electric ID model in the future. However, compared with other automobile companies' first-mover advantage and overall strength, FAW and Dongfeng are clearly at a disadvantage, and the prospects are worrying.