According to data released by the China Automobile Association, in April, the production and sales of new energy vehicles completed 870,000 and 850,000, respectively, an increase of 35.9%and 33.5%year -on -year, and the market share reached 36%. From January to April, the production and sales of new energy vehicles were 2.985 million and 2.94 million, respectively, an increase of 30.3%and 32.3%year -on -year, and the market share reached 32.4%.
In recent years, my country’s new energy vehicles have continued to grow high. According to the China Automobile Industry Association, the production and sales of Chinese new energy vehicles in 2023 were 9.587 million and 9.495 million, respectively, an increase of 35.8%and 37.9%year -on -year. 5.9 percentage points to 31.6%.
With a complete and mature industrial chain and leading technological advantages, China New Energy Vehicle has shined in overseas markets. In 2023, China New Energy Vehicle achieved 1.2.03 million vehicles, an increase of 77.6%year -on -year. This year, the exports of new energy vehicles continued to increase rapidly. In April, 114,000 were exported, an increase of 13.3%year -on -year, and 421,000 units exported from January to April, an increase of 20.8%year -on -year.
According to the Securities Times · Data Bao statistics, 12 new energy vehicle listed companies in A shares disclosed annual reports of overseas business revenue. In 2023, they achieved a year -on -year growth. %And 101.53%, BYD and SAICS overseas business revenue exceeded 100 billion yuan for the first time.
Bringing over 400,000 vehicles with old replacement
Under the role of various consumption policies, my country’s new energy vehicle prospects continue to improve. A few days ago, the “Rules for the Implementation of the New Subsidy for the Old Change” claimed that this year, it is clear that the eligible old cars meet the conditions for individual consumers and purchase a new energy vehicle or energy -saving vehicle in accordance with the conditions. A spokesman for the Ministry of Commerce said at the press conference that the vehicle’s new subsidy policy can be superimposed with the new energy vehicle purchase tax reduction, car purchase financial credit support, and enterprise supporting discounts, forming a combination package, and strive to allow the people to get more discounts.
This time, the old -fashioned policy covers a wide range. The implementation rules will include all the gasoline passenger cars registered before June 30, 2011 and all the diesel cars registered before June 30, 2013 are included in the subsidy range. According to the data of China Automobile News, the qualified old cars have about 14.545 million vehicles, including about 13.708 million fuel vehicles and about 837,000 new energy vehicles. It is expected that 1 million to about 2 million vehicles will increase, accounting for 4.5%-9.1%of the domestic passenger car market, of which 400,000 to 800,000 new energy passenger cars.
Donghai Securities Research Report believes that this time the new subsidy policy covers a wide range of models and does not have the limitation of the price of bicycle. At the same time, the amount of subsidies is high. Effectively promote the recovery of the performance of the retail end.
New energy vehicle prosperity is good
From the perspective of performance, new energy vehicle companies have achieved better results in the first quarter of this year. The first quarterly report showed that 10 of the 16 new energy vehicle listed companies increased year -on -year with net profit, of which 6 of them increased by more than 100%, accounting for nearly 40%of the total. Great Wall Motors, Yutong Bus, and FAW’s liberation increased.
The first quarterly report of Great Wall Motors showed that the net profit attributable to the mother was 3.228 billion yuan, an increase of 1752.55%year -on -year, surpassing 45%of the company’s annual report last year. The company released the April production and sales express report that from January to April, a total of 81,600 new energy vehicles were sold, an increase of 91.27%year -on -year.
Since February of this year, the new energy vehicle sector has bottomed out, the sector index has risen by 26.88%, and 13 percentage points in winning the Shanghai Index. From the perspective of individual stocks, Yutong Bus, Selis, BAIC Blue Valley, Jinlong Automobile, Dongfeng Automobile, and BYD have all increased by more than 30%. Among them, Yutong Bus has continued to rise this year, and it has continuously reached a record high. 108.6%.
Yutong Bus has shown a good growth in recent years. From 2021 to 2023, the net profit attributable to the mother has achieved a year -on -year increase in net profit. The first quarter report achieved a net profit of 657 million yuan, an increase of 445.09%year -on -year. The company has won the favor of many institutions. According to the first quarter report, the two QFII funds have become the top ten shareholders of the company. In addition, the National Social Security Fund 101 combination is the company’s fourth largest circulation shareholder.