1. New energy vehicles set off a new wave

　　On April 28, the world's first A-class auto show this year came to an end in Shanghai. This time, despite the fact that the global epidemic has not yet ended, the international auto show that can still be held as scheduled has attracted the attention of the global auto industry.

　　The theme of this auto show is "Embrace Change". Just by hearing the name, we know that this auto show will be different from the past. One of the most obvious features is that the new energy vehicle market is becoming more and more abundant.

　　For example, GAC AION Y, Celis Huawei Smart Selection SF5, BYD Tang DMi, etc. were officially launched, Xiaopeng P5, SAIC Zhiji L7, etc. were officially launched, and nine models of Lantu FREE, Nezha S, Mercedes-Benz EQS, and Hengchi were officially launched. , Volkswagen MEB platform ID.6, etc. were officially unveiled.

　　At this auto show, almost no car company did not talk about new energy, and they all gave more or less solutions to electrification. "Embrace change" is the response of most car companies.

　　New energy vehicles are clearly the trend of the times.

　　Two, five times in five years! Who doesn't yearn for it?

　　How big is the new energy vehicle pie? Why are the major car companies rushing in? Even companies from other industries are competing for a piece of the pie?

　　From the perspective of the global market:

　　In the first half of 2020, due to the impact of the new crown epidemic, global sales of new energy vehicles declined; in the second half of the year, the market recovered and demand rebounded. Since May, the growth rate of global new energy vehicle sales has turned positive month-on-month, showing a recovery trend. In 2020, the cumulative sales of new energy vehicles in the world will reach 3.13 million, a year-on-year increase of 42%!

　　The penetration rate of new energy vehicles has increased from 0.2% in 2012 to 4% in 2020, showing a high-speed penetration trend, but the absolute value is still at a low level.

　　As far as China is concerned, according to the "New Energy Vehicle Industry Development Plan (2021-2035)" released by senior management on November 2 last year:

　　By 2025, new energy vehicle sales will account for about 20% of total vehicle sales. This means that even if the overall car sales no longer grow, according to the sales scale of 25.769 million in 2019, the future market size of new energy vehicles will exceed 5 million, which is about 5 times the current size!

　　Five times in five years! This may be an important reason why major companies are rushing to enter this market. After all, the times are mighty and the industry has undergone many changes. Only by constantly innovating and embracing changes can we not be eliminated by this era.

　　3. Embrace change!

　　Specifically, let’s take a look at the development status of the global new energy vehicle industry:

　　Currently, driven by the strictest carbon emission standards and subsidy policies in the European market, the market continues to strengthen. In the past 20 years, the European region achieved sales of 1.37 million vehicles, a year-on-year increase of 140%.

　　In the Chinese market, C-end consumption has taken over the demand for B-end online car-hailing. In 2020, the cumulative sales volume will be 1.37 million, an increase of 11% year-on-year.

　　The U.S. market is adjusted, and sales of new energy passenger vehicles will be 332,000 in 2022.

　　It can be seen that our domestic market is in the leading position in the world in terms of volume, but in terms of growth rate, there is still a lot of room for improvement.

　　In terms of policy, we have gradually formed a combination of policies on the side of car manufacturing, car purchase, and car use. For example, on the side of car manufacturing, the dual-point policy continues to be stricter, and gradually takes over the subsidy policy; The exemption policy is expected to continue for a long time; on the vehicle side, the convenience of new energy vehicles will be enhanced in terms of infrastructure construction and differentiated road rights.

　　In fact, in the global market, various countries are also successively introducing some policies to promote new energy vehicles. With the support of policies, the development of new energy vehicles will be smoother.

　　However, while being optimistic about the new energy vehicle market, some car companies must also see potential risks, such as the decline of follow-up subsidies and the continuous introduction of new production capacity, which may put pressure on all links to reduce prices; overseas competition The accelerated influx of competitors will also cause competitive pressure on the domestic new energy vehicle industry chain; and so on.

　　Just like the theme of this auto show - embracing changes, in the new wave of automobiles, perhaps only companies that constantly embrace changes and dare to innovate can finally stand on the trend of the times.