Ten Major Events Of China'S Automobile Industry In 2020

China's automobile industry in Nirvana is ushering in accelerated reform and development.

In 2020, prosperity and Desolation will be developed simultaneously, and progress and setbacks will be parallel. In this year, the sudden epidemic situation superimposed on the downward trend of the automobile market caught the auto industry by surprise; in this year, the reshuffle of the automobile industry accelerated, some people left in dismay, and finally became memories, and some sang and performed miracles all the way. In this year, the clouds opened and the moon was bright, and everything finally ushered in the dawn and turning point in the struggle and effort.

Those who have gone will not be admonished, but those who have come can be traced. It is difficult to summarize China's automobile industry which has been advancing bravely in the face of difficulties, but it is enough to see that China's automobile industry is accelerating its reform and development in Nirvana.

Event 1: power supply interruption and core loss, and the global automobile supply chain security is being questioned by the epidemic situation

At the beginning of 2020, the black swan of the epidemic will come, and it will affect the whole body. Automobile production involves the global purchase of tens of thousands of parts and materials. Any abnormal supply of small parts will affect the whole vehicle production. The suspension of individual or partial suppliers in the upstream may lead to the crisis of "fracture" in the supply chain.

Due to the spread of the global epidemic, some parts of the production process has been suspended. In China, some key parts of major auto companies rely on import, facing the new test of global supply chain system.

The shortage of chip supply has threatened the security of global automobile industry supply chain. At the end of December, some car companies were forced to stop production because of "lack of core". The first to hear that production was affected was FAW Volkswagen and SAIC Volkswagen, two of China's top car companies. In the short term, the shortage of automobile chips is difficult to solve. The increasing demand brought by the rising trend of domestic automobile market and the huge potential threat brought by the contradiction between supply and demand have brought great pressure to the whole automobile industry.

The shortage of chips also makes China's automobile industry more deeply aware of the importance of mastering the core technology in its own hands.

Event 2: favorable policies, the new energy vehicle industry development plan (2021-2035) was officially released

On November 2, 2020, the general office of the State Council officially issued the new energy vehicle industry development plan (2021-2035), which specifies the development goals and implementation path of the new energy vehicle industry in the next stage: by 2025, China's new energy vehicle market competitiveness will be significantly enhanced, the average power consumption of new pure electric passenger cars will be reduced to 12.0 kwh / 100 km, and the sales volume of new energy vehicles will reach About 20% of the total sales volume of new cars. Highly automatic driving vehicles can be commercialized in limited areas and specific scenarios, and the convenience of charging and swapping services is significantly improved.

Event 3, one shot, Tesla Model 3 made in China

In January 2020, the first batch of domestic model 3 of Tesla's Shanghai factory was officially delivered to the outside world, which started Tesla's all-round rush in the Chinese market. According to the data released by the China Travel Association, in November 2020, the cumulative sales of model 3 in China exceeded 110000, becoming the champion in China's electric vehicle market.

The huge success in China directly stimulated Tesla's share price. On June 10, Tesla's share price rose to $1025.05 per share, with a total market value of $190.122 billion, surpassing Toyota as the world's largest auto company; on December 7, Tesla's market value exceeded $600 billion, reaching $608.325 billion, equivalent to 3 Toyota, 9 GM and 16 Ford.

Event 4: rebirth, new car three swordsmen cross the line of life and death

On April 29, 2020, Weilai received 7 billion yuan investment from Hefei municipal government, and Weilai China settled in Hefei. Later, Weilai, once on the verge of death, had its market value soared by more than 500 billion yuan, becoming the second largest listed auto company in China.

Ideal auto and Xiaopeng auto landed in the US stock market on July 31 and August 27, 2020, respectively. The stock prices continued to rise, and the gross profit margins of the three companies have also turned positive. In 2020, the sales volume of Weilai, idealized and Xiaopeng will be 43700, 32600 and 27000 respectively, and the head pattern of the three swordsmen of the new force of car making will take shape.

Event 5: intensified differentiation and broken dream of car making in sailin and Bo County

In 2020, China's new automobile making forces will face life and death reshuffle: some people enjoy the dividend and pursuit of the capital market, others are "photographed" on the beach, or linger or disappear, such as beiteng, Bojun and sailin.

In April 2020, a report letter activated the domino effect switch of sailin automobile. In May, sailin was found to be in arrears with employees' wages. In June, the management resigned collectively. Subsequently, Jiangsu sailin Shanghai company and Jiangsu sailin Rugao factory were sealed up by the court. Wang Xiaolin, known as a "swindler", and Jia Yueting of LETV, who "returns home next week", has not returned.

It's not just sailin who's broken in the dream of making a car, but Bo County as well. Bojun, which failed in financing and broke the capital chain, failed to wait for the formal delivery of the first mass production vehicle and was eliminated first. On June 13, 2020, Huang Ximing, founder of Bojun automobile, issued an open letter in response to the current situation, claiming that "the company will reposition its business model, strive to create positive cash flow, and lead the company out of difficulties". He also admitted that the company does not have land, plant and other realizable assets to solve the actual problems of employees.

Event 6: giving birth to a new generation, arcfox and Lando power high-end electric vehicles

On October 24, 2020, arcfox, a new high-end electric vehicle brand created by BAIC group, together with Magna and Huawei for four years, finally launched the first new car α t to the market. Dongfeng's high-end brand Lando, officially released on July 29, 2020, completed the first global debut of Lando free less than five months later on the evening of December 18.

Event 7: holding high and fighting high, hengdabao, a cross-border car maker, can be named by supervision

Cross border car building is not easy. Although numerous pioneers have "broken their heads and blood", they still can not stop the eagerness of later generations. When the home power giants have cross-border car building failure, the real estate giants have begun to emerge.

Under the leadership of Xu Jiayin, Evergrande has invested tens of billions of shares or mergers and acquisitions through the "buy buy buy" strategy. At the same time, it has acquired land in many regions of the country, arranged production bases, and quickly cut into the automobile industry. On August 3, 2020, Evergrande automobile group released six new models in Shanghai and Guangzhou, which are pure electric models of hengchi brand. At the same time, the six new models include cars, SUVs, MPV and other common passenger cars, covering all levels from a to d.

Yao Zhenhua's Baoneng has completed a number of acquisitions with the attitude of "not short of money", and has set up vehicle manufacturing bases in many cities across the country. On November 8, 2020, Baoneng automobile's first self built production base was put into production in Xi'an, and its first extended range electric vehicle model has also been offline. According to the plan, Baoneng will launch a new high-end automobile brand in 2021, which is higher than Guanzhi automobile.

It is worth noting that in November 2020, a notice issued by the national development and Reform Commission on new energy vehicle production and project investigation was circulated on the Internet. The notice, dated November 13, said that the Industrial Development Department of the national development and Reform Commission plans to conduct a thorough investigation on the investment projects of new energy vehicles nationwide, requiring all localities to report the construction progress and operation of new energy vehicle projects in their respective regions, among which Hengda and Baoneng, cross-border car makers, were named.

Event 8, surprise attack, Wuling Hongguang Mini ev

"Wuling makes whatever the people need." From masks, stalls, snail powder, to mini EV, SAIC GM Wuling has gone further and further on the road of wanghong. The Hongguang Mini EV, which will be launched in July 2020 with a price of 28800-38800 yuan, becomes the hottest model this year. According to the data, Wuling Hongguang Mini EV will sell 127651 vehicles in 2020, surpassing model 3 for three consecutive months, ranking first in new energy vehicle sales, and becoming the first domestic new energy vehicle with monthly sales exceeding 30000.

Event 9: add weight, Volkswagen acquired Jianghuai Volkswagen and GuoXuan high tech

On May 29, 2020, Volkswagen China announced an investment of 1 billion euro to acquire 50% shares of Anhui Jianghuai Automobile Group Holding Co., Ltd., the parent company of Anhui Jianghuai Automobile Group Co., Ltd., and increase its shareholding of JAC Volkswagen to 75% to obtain the management right of the joint venture company. In addition, Volkswagen China also invested about 1.1 billion euro to acquire 26.47% shares of GuoXuan high tech, becoming its largest shareholder.

On December 8, Volkswagen (Anhui) Automobile Co., Ltd. was successfully unveiled. The R & D base built two years ago was completed, and the production base with an annual output of 350000 new electric vehicles began to be built. In 2023, Volkswagen (Anhui) will launch the first electric vehicle based on MEB platform. Volkswagen will build Volkswagen (Anhui) into one of the global electric travel driving centers of Volkswagen Group.

Event 10, the storm again, blade battery set off the power battery line dispute

On March 29, 2020, BYD officially released the blade battery, and the competition between BYD and Ningde for leading power battery in China started again. An acupuncture experiment triggered a debate between the two companies. In the next decade, with the expansion of China's new energy vehicle market, the power battery will also usher in an outbreak period, and the dispute between lithium ternary battery and lithium iron phosphate battery technology route has never stopped······

The future of the new energy vehicle industry also drives the capital market to be optimistic about BYD and Ningde era. BYD's market value has broken through the 500 billion yuan mark, becoming China's highest market value auto enterprise; Ningde era's market value has exceeded 900 billion yuan, ranking first on the gem.

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