New energy passenger vehicle sales in April reached 184,000 New energy vehicle industry scale and development trend in the next five years

According to statistics from the China Association of Automobile Manufacturers, in September 2020, the production and sales of new energy vehicles were 136,000 and 138,000, a year-on-year increase of 48.
0% and 67.
7%, respectively
.
Thanks to the government's support for the consumption of new energy vehicles and the strong measures of enterprises, the size of the new energy vehicle market has steadily increased
.
In the first three quarters of 2020, the production and sales of new energy vehicles were 738,000 and 734,000, down 18.
7% and 17.
7% year-on-year, respectively
.
From the perspective of subdivided energy types, the production and sales of pure electric vehicles in the first three quarters of 2020 were 568,000 and 579,000, down 22.
9% and 18.
6% year-on-year, respectively; the production and sales of plug-in hybrid vehicles were 170,000 and 15.
4 10,000 units, a year-on-year decrease of 0.
4% and 13.
9% respectively; the production and sales of fuel cell vehicles completed 570 and 579 units, a year-on-year decrease of 56.
7% and 53.
7% respectively
.

Analysis of the overall scale of China's new energy vehicle industry

1.
Analysis of the quantity structure of enterprises

At present, there are nearly 170,000 new energy vehicle-related enterprises in China whose business scope includes "new energy vehicles, electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles", and the enterprise status is in operation, existing, moving in, and moving out.

.
Among them, 87% of the related companies are limited liability companies, and 31% of the related companies have a registered capital of more than 10 million
.

In terms of industry distribution, 52% of new energy vehicle-related enterprises are distributed in wholesale and retail industries, another 17% are distributed in scientific research and technical service industries, and 10% are distributed in leasing and business services industries
.

In terms of geographical distribution, Guangdong has the largest number of new energy vehicle-related enterprises, with more than 22,000
.
Followed by Jiangsu and Shandong, there are more than 16,000 new energy vehicle related enterprises
.
In addition, Hunan and Henan also have about 10,000 new energy vehicle-related companies
.

2.
Analysis of the scale of personnel

Chart: Number of employees in China's new energy vehicle industry in the first half of 2017-2020

Data source: Zhongyan Puhua Industrial Research Institute

The rapid development of the new energy vehicle industry depends on the reserve of relevant talents
.
The competition of enterprises is the competition of talents
.
Some industry insiders said that with the rapid development of the new energy vehicle industry, there may be a large demand for talents related to new energy vehicles, especially the demand for technical talents from three electric vehicles
.
At present, there are about 200,000 new energy vehicle talents in China, and it is estimated that by 2020, the demand for talents will be about 850,000
.

3.
Industry asset scale analysis

Chart: Total assets of China's new energy vehicle industry at the end of June 2017-2020

Data source: Zhongyan Puhua Industrial Research Institute

With the promotion of policies on new energy vehicles in various regions in China, the production and sales of new energy vehicles have developed well, and the total assets of the industry have risen significantly
.
At the end of June 2020, the total assets of China's new energy vehicle industry were about 384.
2 billion yuan, an increase of 2.
15% from the end of 2019.
Mainly due to the impact of the new crown epidemic, the production and sales of new energy vehicles have declined to a certain extent
.

In the plan released by the General Office of the State Council in November 2020, the goal is to increase the proportion of new energy vehicle sales to 20% of new car sales by 2025.
The current figure is 5.
7%
.
According to data from the Traffic Management Bureau of the Ministry of Public Security, by the end of 2020, there were 4.
92 million new energy vehicles in the country, accounting for 1.
72% of the total
.

The latest research report shows that China's new energy vehicle market will have huge growth potential in the next 5-10 years
.
According to its estimates, China's new energy vehicle market has a compound annual growth rate of 34% in sales during 2021-2025, and the penetration rate will quadruple from 5.
4% in 2020 to 20% in 2025
.
At the same time, it said that the compound annual growth rate of sales of new energy vehicles in China from 2021 to 2025 will reach 34.
2%, which is related to the extension of the subsidy policy and the promotion of the double-point policy and other favorable policies
.
Sales of new energy vehicles in China are expected to increase by 40.
1% year-on-year to 1.
92 million units in 2021
.

During this process, the top three new domestic automakers, NIO (NIO.
US), Xiaopeng Motors (XPEV.
US) and Li Auto (LI.
US), with their successful products, first-mover advantages and good financing capacity
.
They are also making steady progress towards their respective goals and are leading the wave of vehicle electrification
.
The three new car-making forces can stand out in the market of strong players, which are inseparable from their core advantages
.
All three have suitable product model launch rhythms; strong financing capabilities; and differentiated market positioning
.