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    Home > Chemicals Industry > Chemical Technology > The back-end of the new energy vehicle industry has gradually become a hot spot for investment

    The back-end of the new energy vehicle industry has gradually become a hot spot for investment

    • Last Update: 2022-11-22
    • Source: Internet
    • Author: User
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    In the past two years, the development of the new energy vehicle industry has entered the wind, especially in 2015, the domestic market sales exceeded 300,000 units, accounting for a quarter of the total number of new energy vehicles in the world, becoming the world's largest market country
    .
    However, at the same time, due to the lack of unified design and implementation at the policy level, it has also caused China's new energy vehicle manufacturing enterprises to rush up, and the industry is chaotic
    .
    In the future, the state is bound to make more reasonable plans for the new energy vehicle industry at the level of access and supervision, and regulate its entry into a benign development track
    .
    Focusing on the current technical characteristics of new energy vehicles, component production and service operations and other industrial back-ends, improving the overall ecosystem of the new energy automobile industry will be the main investment hotspot
    at present.

    The current state of the industry is chaotic

    To summarize the current status quo of the new energy automobile industry in one sentence, it can be described
    as scattered, chaotic and poor.

    Chen Quanshi, professor at Tsinghua University and chairman of the Electric Vehicle Branch of the Society of Automotive Engineers of China, said at the "2016 New Energy Vehicle Industry Summit Forum" held recently that in the process of rapid development of the new energy vehicle industry, some manufacturing enterprises such as new energy vehicles and key components that master advanced technology and strong competitiveness have emerged, but the problem of blind development is also more prominent
    .
    Some localities and enterprises do not have an industrial foundation and lack key technologies and product research and development capabilities, but they are keen to build new energy vehicle projects and power battery production bases, which aggravates the risk of
    low-level duplicate construction and overcapacity.

    In fact, the reason for this chaos in the new energy vehicle industry is mainly due to the lack of unified design and implementation
    at the policy level.

    According to the national subsidy policy standards for new energy vehicles, a one-time subsidy of RMB 25,000 per vehicle will be given for those with a cruising capacity of less than 150 km, 45,000 RMB per vehicle with a cruising capacity of 150-250 km, and 55,000 RMB per vehicle
    with a cruising capacity of more than 250 km.
    In addition, some local governments also provide local subsidies for the industry, with subsidy ratios ranging from 1:1 to 1:1.
    6 or even higher
    .
    Along with this, the state does not have clear industry access standards for new energy vehicle manufacturing, which has caused some enterprises that do not have automobile production qualifications to rush to the sword, relying on the sword of new energy, to strive to manufacture new energy vehicles
    .

    According to a survey, there are currently more than 100 low-speed electric vehicle manufacturers in the country
    .
    These enterprises generally have stubborn problems
    such as lack of automobile manufacturing qualifications, products that do not meet automotive standards, battery environmental protection standards, and drivers of such models do not have motor vehicle driving licenses.
    This has also become one of
    the urgent problems to be solved in China's new energy vehicle industry.

    New energy vehicles face many problems

    While the industry is chaotic, new energy vehicles themselves are also facing many problems, mainly concentrated in four aspects
    .

    First, the endurance of the car is uneven, which restricts the travel radius
    of the car.
    At present, the endurance of China's mainstream new energy models is about 200 kilometers after a single charge, which can only meet the needs of urban transportation and cannot do long-distance travel
    .

    Second, the charging facilities are not complete, and new energy vehicles are generally difficult to charge
    .
    Due to the lack of policy regulations, charging pile laying enterprises have contradictions such as difficulty in applying for municipal land use and difficulty in reconciling with commercial residential property companies
    .

    Third, local governments set up a sales access system, and local protectionism hinders the entry and sales
    of non-local new energy vehicles.

    A sales director surnamed Xue of BYD told reporters that because all places are engaged in the new energy vehicle industry, local protectionism is prevalent
    .
    Taking a BYD car as an example, it can be sold normally in Shanghai and enjoy local subsidies, but it cannot be sold or enjoy local subsidies in Beijing, so the model has no price advantage in Beijing and no market competitiveness
    .

    The most important thing is that the subsidized interest orientation of traditional car companies has entered the field of new energy vehicles, which has caused the prosperity of the new energy vehicle market on the surface, but to some extent, it has also put China's new energy vehicles on a path of abnormal development, making electric vehicles become battery cars
    that have been simply modified.

    Lu Huaping, director of the market brand department of Anhui Chery New Energy Automobile Technology Co.
    , Ltd.
    , said that most of the new energy vehicles of car companies are transformed from fuel vehicles, and electronic control technology, transmission technology, especially chassis technology has not been innovated, in fact, it is only equivalent to replacing fuel vehicles with batteries
    。 He believes that the difference between new energy vehicles and traditional fuel vehicles should lie in the relayout of the overall energy utilization, electric vehicles should have the characteristics of large energy storage space (paving more batteries), lightweight body (energy saving), and high transmission efficiency, which requires the manufacturing platform of new models to be re-developed and developed in accordance with the design ideas of electric vehicles
    .

    It is necessary to look for industrial investment opportunities from the back end

    As mentioned above, China's new energy vehicle industry is currently facing many problems, and in the future, the state is bound to make more reasonable plans for the industry at the level of access and supervision, and standardize it to enter a benign development track
    .
    The latest sign is that the Ministry of Industry and Information Technology recently revised the "New Energy Vehicle Manufacturers and Products Access Management Rules" (hereinafter referred to as the "Rules") that came into effect on July 1, 2009, strictly controlling battery companies and products, which can not only improve the safety of new energy vehicles, but also prevent the occurrence of fraudulent compensation of one battery matching multiple models
    .
    After the revision of the "Rules", only 25 of the more than 150 existing battery companies in China have entered the first three batches of "Automotive Power Battery Industry Specification Conditions" enterprise directory
    .

    With the tightening of the entry threshold of the new energy vehicle industry at the policy level, it will become increasingly
    difficult to invest in the industry in the future.
    However, on the other hand, the risk of investing in the new energy vehicle industry will gradually decrease.

    Participants believe that no matter how the policy is adjusted, new energy vehicles will not produce disruptive technological innovation
    in the short term.
    In the future, the new energy vehicle market will be dominated by electric vehicles, and the plan to achieve annual sales of 2 million new energy vehicles in 2020 has made the development trend clearer, and the overall industrial ecology has begun to gradually improve
    .

    For investors, vehicle manufacturing requires longer time investment, deeper technology accumulation and higher capital requirements
    .
    With the improvement of policies, front-end manufacturing will also usher in a big reshuffle
    .
    In this context, avoiding the front end of industries with high thresholds such as vehicle manufacturing, focusing on the back end of industries such as component production and service operation for current technical characteristics, and improving the overall ecosystem of the new energy automobile industry are the main investment hotspots
    at present.

    Chen Quanshi believes that the national subsidy policy should shift from front-end subsidies to back-end subsidies, and from vehicle subsidies to subsidies for major components such as batteries and motors
    .
    In the short term, the current investment opportunity lies in the back end
    .
    In the future, new energy vehicle service operations, battery recycling, testing and evaluation, logistics leasing and other industries will also be the focus
    of investment.

    Liu Yongdong, Secretary-General of the Technical Committee for Standardization of Electric Vehicle Charging Facilities in China's Energy Industry, said that according to the requirements of the "Energy-saving and New Energy Vehicle Industry Development Plan (2012-2020)", the ratio between charging piles and cars should reach 1:1 in 2020, while the current ratio of vehicle piles is only 4:1, which indicates that the future charging pile market has a large space
    .

    In view of the current situation that charging piles are still mastered by state-owned enterprises and it is difficult for private enterprises to build piles, Wang Manager of the R&D Department of Qingdao Haihuide Electric Co.
    , Ltd.
    suggested that small and medium-sized enterprises can carry out research and development and try
    in the field of group charging piles and diversified adaptive piles.

    "The new energy automobile industry will show an increasingly standardized situation, and small and medium-sized enterprises may have more technical advantages in this process, explore multi-type suitable charging piles, and lead the formulation of industry standards, which will occupy a place in the future operation field," he said
    .

    Cui Shuyong, CEO of Yansuan (Shanghai) New Energy Technology Development Co.
    , Ltd.
    , which is mainly engaged in logistics vehicle leasing services, said that logistics leasing is to take advantage of the characteristics of low energy consumption price of new energy vehicles, a 4 cubic meter electric vehicle saves 1800 yuan a month compared with traditional fuel vehicles, the larger the car, the more savings, which is a great attraction
    to the logistics industry.

    Wang Wei, a traditional battery manufacturing company Guoxuan Hi-Tech Group Publicity Department, said that in fact, the gap between the battery manufacturing level of Chinese companies and the international is not large, and the main gap is in energy utilization efficiency
    .

    "Comparing Tesla, we can find that the gap in battery energy density is narrowing, but the manufacturing process of China's new energy vehicles in reducing energy loss rate is not as good as others, and large enterprises can improve the process level through technology research and development, which brings opportunities to some professional industrial design and research enterprises," Wang Wei said
    .

    In the past two years, the development of the new energy vehicle industry has entered the wind, especially in 2015, the domestic market sales exceeded 300,000 units, accounting for a quarter of the total number of new energy vehicles in the world, becoming the world's largest market country
    .
    However, at the same time, due to the lack of unified design and implementation at the policy level, it has also caused China's new energy vehicle manufacturing enterprises to rush up, and the industry is chaotic
    .
    In the future, the state is bound to make more reasonable plans for the new energy vehicle industry at the level of access and supervision, and regulate its entry into a benign development track
    .
    Focusing on the current technical characteristics of new energy vehicles, component production and service operations and other industrial back-ends, improving the overall ecosystem of the new energy automobile industry will be the main investment hotspot
    at present.

    New energy vehicles

    The current state of the industry is chaotic

    To summarize the current status quo of the new energy automobile industry in one sentence, it can be described
    as scattered, chaotic and poor.

    Chen Quanshi, professor at Tsinghua University and chairman of the Electric Vehicle Branch of the Society of Automotive Engineers of China, said at the "2016 New Energy Vehicle Industry Summit Forum" held recently that in the process of rapid development of the new energy vehicle industry, some manufacturing enterprises such as new energy vehicles and key components that master advanced technology and strong competitiveness have emerged, but the problem of blind development is also more prominent
    .
    Some localities and enterprises do not have an industrial foundation and lack key technologies and product research and development capabilities, but they are keen to build new energy vehicle projects and power battery production bases, which aggravates the risk of
    low-level duplicate construction and overcapacity.

    In fact, the reason for this chaos in the new energy vehicle industry is mainly due to the lack of unified design and implementation
    at the policy level.

    According to the national subsidy policy standards for new energy vehicles, a one-time subsidy of RMB 25,000 per vehicle will be given for those with a cruising capacity of less than 150 km, 45,000 RMB per vehicle with a cruising capacity of 150-250 km, and 55,000 RMB per vehicle
    with a cruising capacity of more than 250 km.
    In addition, some local governments also provide local subsidies for the industry, with subsidy ratios ranging from 1:1 to 1:1.
    6 or even higher
    .
    Along with this, the state does not have clear industry access standards for new energy vehicle manufacturing, which has caused some enterprises that do not have automobile production qualifications to rush to the sword, relying on the sword of new energy, to strive to manufacture new energy vehicles
    .

    According to a survey, there are currently more than 100 low-speed electric vehicle manufacturers in the country
    .
    These enterprises generally have stubborn problems
    such as lack of automobile manufacturing qualifications, products that do not meet automotive standards, battery environmental protection standards, and drivers of such models do not have motor vehicle driving licenses.
    This has also become one of
    the urgent problems to be solved in China's new energy vehicle industry.

    New energy vehicles face many problems

    While the industry is chaotic, new energy vehicles themselves are also facing many problems, mainly concentrated in four aspects
    .

    First, the endurance of the car is uneven, which restricts the travel radius
    of the car.
    At present, the endurance of China's mainstream new energy models is about 200 kilometers after a single charge, which can only meet the needs of urban transportation and cannot do long-distance travel
    .

    Second, the charging facilities are not complete, and new energy vehicles are generally difficult to charge
    .
    Due to the lack of policy regulations, charging pile laying enterprises have contradictions such as difficulty in applying for municipal land use and difficulty in reconciling with commercial residential property companies
    .

    Third, local governments set up a sales access system, and local protectionism hinders the entry and sales
    of non-local new energy vehicles.

    A sales director surnamed Xue of BYD told reporters that because all places are engaged in the new energy vehicle industry, local protectionism is prevalent
    .
    Taking a BYD car as an example, it can be sold normally in Shanghai and enjoy local subsidies, but it cannot be sold or enjoy local subsidies in Beijing, so the model has no price advantage in Beijing and no market competitiveness
    .

    The most important thing is that the subsidized interest orientation of traditional car companies has entered the field of new energy vehicles, which has caused the prosperity of the new energy vehicle market on the surface, but to some extent, it has also put China's new energy vehicles on a path of abnormal development, making electric vehicles become battery cars
    that have been simply modified.

    Lu Huaping, director of the market brand department of Anhui Chery New Energy Automobile Technology Co.
    , Ltd.
    , said that most of the new energy vehicles of car companies are transformed from fuel vehicles, and electronic control technology, transmission technology, especially chassis technology has not been innovated, in fact, it is only equivalent to replacing fuel vehicles with batteries
    。 He believes that the difference between new energy vehicles and traditional fuel vehicles should lie in the relayout of the overall energy utilization, electric vehicles should have the characteristics of large energy storage space (paving more batteries), lightweight body (energy saving), and high transmission efficiency, which requires the manufacturing platform of new models to be re-developed and developed in accordance with the design ideas of electric vehicles
    .

    It is necessary to look for industrial investment opportunities from the back end

    As mentioned above, China's new energy vehicle industry is currently facing many problems, and in the future, the state is bound to make more reasonable plans for the industry at the level of access and supervision, and standardize it to enter a benign development track
    .
    The latest sign is that the Ministry of Industry and Information Technology recently revised the "New Energy Vehicle Manufacturers and Products Access Management Rules" (hereinafter referred to as the "Rules") that came into effect on July 1, 2009, strictly controlling battery companies and products, which can not only improve the safety of new energy vehicles, but also prevent the occurrence of fraudulent compensation of one battery matching multiple models
    .
    After the revision of the "Rules", only 25 of the more than 150 existing battery companies in China have entered the first three batches of "Automotive Power Battery Industry Specification Conditions" enterprise directory
    .

    With the tightening of the entry threshold of the new energy vehicle industry at the policy level, it will become increasingly
    difficult to invest in the industry in the future.
    However, on the other hand, the risk of investing in the new energy vehicle industry will gradually decrease.

    Participants believe that no matter how the policy is adjusted, new energy vehicles will not produce disruptive technological innovation
    in the short term.
    In the future, the new energy vehicle market will be dominated by electric vehicles, and the plan to achieve annual sales of 2 million new energy vehicles in 2020 has made the development trend clearer, and the overall industrial ecology has begun to gradually improve
    .

    For investors, vehicle manufacturing requires longer time investment, deeper technology accumulation and higher capital requirements
    .
    With the improvement of policies, front-end manufacturing will also usher in a big reshuffle
    .
    In this context, avoiding the front end of industries with high thresholds such as vehicle manufacturing, focusing on the back end of industries such as component production and service operation for current technical characteristics, and improving the overall ecosystem of the new energy automobile industry are the main investment hotspots
    at present.

    Chen Quanshi believes that the national subsidy policy should shift from front-end subsidies to back-end subsidies, and from vehicle subsidies to subsidies for major components such as batteries and motors
    .
    In the short term, the current investment opportunity lies in the back end
    .
    In the future, new energy vehicle service operations, battery recycling, testing and evaluation, logistics leasing and other industries will also be the focus
    of investment.

    Liu Yongdong, Secretary-General of the Technical Committee for Standardization of Electric Vehicle Charging Facilities in China's Energy Industry, said that according to the requirements of the "Energy-saving and New Energy Vehicle Industry Development Plan (2012-2020)", the ratio between charging piles and cars should reach 1:1 in 2020, while the current ratio of vehicle piles is only 4:1, which indicates that the future charging pile market has a large space
    .

    In view of the current situation that charging piles are still mastered by state-owned enterprises and it is difficult for private enterprises to build piles, Wang Manager of the R&D Department of Qingdao Haihuide Electric Co.
    , Ltd.
    suggested that small and medium-sized enterprises can carry out research and development and try
    in the field of group charging piles and diversified adaptive piles.

    "The new energy automobile industry will show an increasingly standardized situation, and small and medium-sized enterprises may have more technical advantages in this process, explore multi-type suitable charging piles, and lead the formulation of industry standards, which will occupy a place in the future operation field," he said
    .

    Cui Shuyong, CEO of Yansuan (Shanghai) New Energy Technology Development Co.
    , Ltd.
    , which is mainly engaged in logistics vehicle leasing services, said that logistics leasing is to take advantage of the characteristics of low energy consumption price of new energy vehicles, a 4 cubic meter electric vehicle saves 1800 yuan a month compared with traditional fuel vehicles, the larger the car, the more savings, which is a great attraction
    to the logistics industry.

    Wang Wei, a traditional battery manufacturing company Guoxuan Hi-Tech Group Publicity Department, said that in fact, the gap between the battery manufacturing level of Chinese companies and the international is not large, and the main gap is in energy utilization efficiency
    .

    "Comparing Tesla, we can find that the gap in battery energy density is narrowing, but the manufacturing process of China's new energy vehicles in reducing energy loss rate is not as good as others, and large enterprises can improve the process level through technology research and development, which brings opportunities to some professional industrial design and research enterprises," Wang Wei said
    .

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