Wind Observation | New Energy Vehicles "running" all the way, why did "Weilai" sell more and more?

Fengkou Finance reporter Zhang Tingwang

Since the beginning of this year, the new energy vehicle market has continued to be hot.

On September 9, the China Automobile Industry Association data showed that in August, the production and sales of new energy vehicles reached a record high, and production and sales increased by 1.2 times and 1 times year -on -year, and the market share reached 28%. However, behind the increase in sales of new energy vehicles, the "new power building forces" is facing an embarrassing situation of selling more and more losses.

The production and sales of new energy vehicles "run"

On September 9, the China Automobile Industry Association (hereinafter referred to as the "China Automobile Association") released the domestic car production and sales data in August.

Among them, the production and sales performance of New Energy Vehicles in August is still excellent, and the production and sales continued to maintain a high speed year -on -year. The monthly production and sales reached a record high, reaching 691,000 vehicles and 666,000 units, a year -on -year increase of 1.2 times and 1 times. The market share reached 28%. , Higher than July.

In the first eight months of this year, the production and sales of new energy vehicles reached 3.97 million and 3.86 million, respectively, an increase of 1.2 times and 1.1 times year -on -year, and the market share reached 22.9%.

The China Automobile Association said that although new energy vehicles are facing challenges such as rising raw material cost prices and chip shortages, production and sales continue to show high -speed growth, and the effectiveness of industry transformation and upgrading has further consolidated.

Judging from the current development trend, new energy vehicles are still expected to continue high growth in the second half of the year. The China Automobile Association predicts that the sales of new energy vehicles are expected to reach 5.5 million, a year -on -year increase of more than 56%.

At the same time, on September 6, Miao Wei, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference, also stated at the fourth global new energy and smart vehicle supply chain innovation conference that it is expected that the production and sales of new energy vehicles may reach 5.5 million units this year, compared to The same period last year increased by 56%. The "New Energy Vehicle Industry Development Plan (2021-2035)" determined that the penetration rate (reached) of the new energy vehicle penetration rate (reached) of 20%of the new energy vehicle can be achieved in advance, that is, this year.

In addition, domestic new energy vehicle exports maintained a high -speed growth momentum. Data show that in August, domestic new energy vehicles exported 83,000 units, an increase of 53.6%month -on -month, and an increase of 82.3%year -on -year. From January to August, domestic new energy vehicles exported 340,000 units, an increase of 97.4%year -on -year. One of the motivation.

The China Automobile Association predicts that under the continuous role of the central and local governments to stabilize the economy and promote consumer policy, coupled with the problem of power tensions caused by extreme high temperature and drought in the southern extreme high temperature and drought in the late summer and early autumn, and accompanied by the advent of the traditional gold consumption season, the future will be accompanied by the future. In several months, the sales of passenger cars will still show rapid growth. New energy vehicle sales and automobile export volume will continue to develop well, providing a strong guarantee for the stable growth of the automotive market throughout the year.

The more "new forces of car manufacturing", the more losing money

However, behind the increase in sales of new energy vehicles, it is an embarrassing situation of selling and losing money.

On September 7, Weilai, one of the new forces of the car, disclosed the second quarterly report of 2022. The financial report shows that in the second quarter of this year, Weilai had a loss of RMB 2.758 billion, an increase of 369.6%year -on -year and a month -on -month increase of 54.7%. Based on a net loss of 2758 million and the estimated 25,000 vehicles, Weilai lost more than 100,000 yuan for each car in the second quarter of 2022.

The same is true of other car companies with new vehicles. In the second quarter, Xiaopeng Automobile's net loss was 2.709 billion yuan, an increase of 126.1%year -on -year, and a month -on -month increase of 58.8%. In the second quarter of the ideal car, the net loss was RMB 641 million, while the ideal car's net loss in 2021 was only 321 million yuan Essence

"There are still slight fluctuations in my country's economic development, and the foundation of recovery needs to be consolidated. The automotive market still needs to continue to boost the policy; the international environment is more complicated and severe, the world economic recovery slows down, and the global inflation pressure is high. There are also rising signs, and the domestic epidemic is distributed and frequent, which brings uncertainty to the industrial chain supply chain. "China Automobile Association pointed out that the above factors will affect the quality of the automotive industry economy operation and need to pay close attention to industry enterprises. Treat it carefully and take effective measures in a timely manner.

In fact, in addition to the impact of the epidemic, another challenge of new energy vehicle companies is the supply chain.

In recent years, global new energy vehicles have developed rapidly, showing a continuous high growth trend, and the demand for upstream raw materials has also expanded. Due to market supply in short supply, the right to speak upstream raw material suppliers in the supply chain of new energy vehicles is increasing, affecting the development of new energy vehicle companies.

Since the beginning of 2022, the lithium, cobalt, and nickels have increased significantly in major raw materials. Public information shows that in mid-March, the comprehensive quotation of the battery-level lithium carbonate market was 480,000 yuan/ton to 52,000 yuan/ton, while the price of battery-grade lithium carbonate in early 2021 was only about 50,000 yuan/ton. From late June to mid -July, the price of domestic battery -grade lithium carbonate stabilized at about 480,000 yuan/ton. Recently, it has begun to rise upwards, and on September 2, it exceeded the highest historical price of 535,000 yuan/ton.

Compared with the loss of electric vehicle companies, the upstream supply chain of the electric vehicle handed out a good transcript as a whole.

Ningde Times was the company with the most money in the upstream enterprises in the automotive industry chain. In the first half of the year, Ningde Times realized operating income of 112.97 billion yuan, an increase of 156.32%year -on -year, and the net profit attributable to listed companies was 8.17 billion yuan, an increase of 82.17%year -on -year. The net profit of deducting non -recurring profit and loss was 7.051 billion yuan, an increase of 79.95%year -on -year. Tianqi Lithium industry has become the most profitable automobile industry chain related enterprise in the first half of this year. In the first half of the year, the company achieved approximately 14.3 billion yuan, an increase of 508%year -on -year; the net profit attributable to mothers was 10.3 billion yuan, an increase of 11937%year -on -year. Li Bin, chairman of Weilai, said that the industry is currently facing the rise in batteries, raw materials and chip prices, and Weilai's gross profit margin is also affected. Data show that last year, Weilai's gross profit margin was 20.1%, but in the first quarter of this year, Weilai Automobile's gross profit margin was 18.1%, which fell to 16.7%in the second quarter. Because of the rise in raw materials, Weilai announced on May 10 this year that prices increased the models. Considering this before, Weilai has reduced the goal of car gross profit this year, set up between 18%and 20%, but from the performance of the second quarter, the pressure of this goal is not small.

Policies help the development of the industrial chain

The new energy vehicle industry chain is long and the market is large. How to solve the blockage and pain points in the new energy vehicle industry chain has always been the top priority of relevant government departments.

Since the beginning of this year, from the protection of local protection of the new energy vehicle market, carried out the activities of new energy vehicles to the countryside, to the purchase tax exemption of new energy vehicles, the policy of supporting the development of the new energy vehicle industry has continued.

On September 6, Guo Shougang, deputy director of the Equipment Industry Department of the Ministry of Industry and Information Technology, stated at the theme press conference of the "Vigorous Development of High -end Equipment Manufacturing" held by the Ministry of Industry and Information Technology that it will further optimize the "dual points" management measures and accelerate the new system batteries and vehicles. Key technology such as operating systems and other key technologies and industrialization to improve the supply capacity and resource guarantee capacity of key components.

On August 30, the Ministry of Finance issued the "Report on the Implementation of China's Fiscal Policy in the First Half of 2022". The "Report" pointed out that "In order to stabilize the car consumption, it will benefit more than 8.7 million passenger cars for a period of half of the 2.0 -liter and less than 300,000 yuan, which will benefit more than 8.7 million passenger cars."

The "Report" said that it supports stable increased consumption such as automobiles and promotes the release of domestic demand potential. Partial reduction of some passenger cars purchase tax, the purchase date from June 1, 2022 to December 31, 2022, and the price (excluding value -added tax) of 2.0 liters of 2.0 or less than 300,000 yuan Overseas passenger cars, minimize the purchase of vehicle purchase tax, and boost car consumption. This policy reduced taxes of 60 billion yuan.

Earlier, in order to cultivate new economic growth points, promote the consumption of new energy vehicles and the development of green low -carbon, on August 19, the State Council's executive meeting decided to continue the implementation of new energy vehicle exempting vehicle purchase tax policies until the end of 2023, and continued to be exempted by exempting vehicle ships. Tax and consumption tax, road rights, licenses and other support. It is expected to add 100 billion yuan in tax -free. It is worth noting that this is also the third extension of the implementation of the tax policy for the purchase of new energy vehicles.

According to data on August 31, the State Administration of Taxation showed that in the first seven months of this year, new energy vehicles exempted taxes of 40.68 billion yuan, an increase of 108.5%year -on -year.

While establishing the period of implementation of the purchase tax of new energy vehicles, the State Frequently on August 18 also proposed the establishment of a coordination mechanism for the development of the new energy vehicle industry to promote the development of the fittest and supporting industries with market -oriented methods; vigorously build charging piles vigorously Policy development financial instruments are supported.

Under the combined effect of a series of policies, the supply and consumption terminals in my country's new energy vehicle market have been significantly improved. The China Automobile Association believes that relevant policies have further enhanced the confidence of industry enterprises to develop new energy vehicles, and are conducive to the accelerated transformation and upgrading of the automotive industry.

- END -