Keywords "New energy vehicles going to the countryside" and "National VI B switching"

At the beginning of May, the automotive industry received much attention due to the "new energy vehicles going to the countryside" and the "National VI B" emission standard switch. After the five day "May Day" holiday, the domestic car market also saw strong performance.



On May 11th, the latest data from the Passenger Car Association showed that from May 1st to 7th, the retail sales of 375000 vehicles in the passenger car market increased by 67% year-on-year and 46% year-on-year. Since the beginning of this year, the cumulative retail sales have reached 6.27 million vehicles, a year-on-year increase of 1%; The retail sales of 99000 new energy vehicles in the market increased by 128% year-on-year and 38% year-on-year. Since the beginning of this year, the cumulative retail sales have reached 1.943 million units, a year-on-year increase of 39%; In the first week of May, the daily average retail sales in the national passenger car market were 54000 units, a year-on-year increase of 67% in May and a month on month increase of 46%.



Cui Dongshu, Secretary General of the Passenger Transport Association, stated that under the joint promotion of consumption promotion policies by the country and various provinces, cities, and local governments, as well as the recent resumption of offline activities such as car shows, the market atmosphere will be fully revitalized and popularity will be accelerated. The demand for the May Day holiday has increased, which has driven better car purchasing and consumption, and the overall car market has stabilized and repaired



In stark contrast to terminal retail, there was a slight decline in wholesale data for passenger cars in the first week of May, with new energy vehicles still being the main driving force. From May 1st to 7th, passenger car manufacturers nationwide wholesale 192000 vehicles, a decrease of 1% year-on-year and 1% year-on-year. Since the beginning of this year, a total of 7.034 million vehicles have been wholesale, a year-on-year increase of 7%; National passenger car manufacturers wholesale 68000 new energy vehicles, an increase of 35% year-on-year and 8% year-on-year. Since the beginning of this year, a total of 2.18 million vehicles have been wholesale, a year-on-year increase of 32%. In the first week of May, the daily average wholesale volume of the national passenger car market was 27000 units, a decrease of 1% year-on-year in May and a decrease of 1% month on month. The report results of some actual driving pollutant emission tests (i.e. RDE tests) show that the 'only monitoring' and other light vehicle models of China VI B have been granted a six-month sales transition period, which was introduced on May 9th. Therefore, in the first week of May, the production and sales of some models by car companies are still relatively cautious, "Cui Dongshu said.



In the past week, "New energy vehicles going to the countryside" and "National VI" have become core keywords in the industry.



On May 5th, the Executive Meeting of the State Council was held, emphasizing the need to focus on the prominent bottlenecks that constrain the entry of new energy vehicles into rural areas and moderately advance the construction of charging infrastructure; On May 9th, five departments including the Ministry of Industry and Information Technology issued a notice on the implementation of the National VI emission standards for automobiles. Starting from July 1, 2023, phase 6b of the national emission standard will be fully implemented nationwide, and the production, import, and sale of vehicles that do not meet phase 6b of the national emission standard will be prohibited. For some actual driving pollutant emission tests (i.e. RDE tests) that report results of "only monitoring" and other light vehicle models in China VI B, a six-month sales transition period will be granted.



Consumers in the entire rural market have a high acceptance of electric vehicles. Whether in terms of publicity, activities, policies, or enterprises, the preferential policies provided by rural activities will further stimulate the performance of the rural market. In the view of Xu Haidong, Deputy Chief Engineer of the China Automobile Association, the new energy rural activities are just the beginning, and the most crucial thing is to start the rural market, The market has started, and there is hope for the market of new energy vehicles in China



When it comes to the impact of the implementation of the "National VI B" policy on the car market, Cui Dongshu bluntly stated that the policy has given enterprises enough space to clear inventory, which will have a significant stabilizing effect on the future market. Stabilizing the mentality of dealers, manufacturers, and production and sales, as well as enhancing consumer income and purchasing power, is a consensus for stabilizing and expanding consumption, at least supported by confidence. This issue is of great significance and has great promoting significance for the development of the car market



Looking ahead to the May car market, Cui Dongshu believes that the sales performance in the same period last year was affected by unstable supply chain factors, and the year-on-year change in sales in May may continue to show a broad growth. There were a total of 21 working days in May, one more day compared to last year, which is conducive to the production and sales of car companies. According to data from the China Passenger Car Association, the retail sales of 1.354 million vehicles in the passenger car market in May 2022 decreased by 16.9% year-on-year, and increased by 29.7% month on month. The retail month on month growth rate is at the highest historical level in the same period of nearly six years.