社评 || 谨防冲动投资扰乱新能源汽车产业健康发展

Group 1 - The central government emphasizes the need for rational industrial development and warns against blind investment and bureaucratic practices in the new energy vehicle (NEV) sector [2] - Local governments have been overly enthusiastic about investing in NEVs, leading to a proliferation of projects that lack strategic planning and market consideration [3] - The NEV industry has seen numerous failed investment cases, with several projects backed by local governments turning into abandoned or stalled initiatives [3] Group 2 - Blind investments and repeated construction have resulted in insufficient capacity utilization in the domestic automotive industry, with a notable decline in capacity utilization rates [4] - In 2024, the capacity utilization rate for the domestic automotive manufacturing industry is projected to be 72.2%, down 2.4% from the previous year, and still below the overall industrial average of 75% [4] - The top 20 passenger car manufacturers in China have a total capacity of approximately 35 million units, yet the overall average capacity utilization rate is below 50%, indicating structural overcapacity [4] Group 3 - The need for a shift from impulsive investments to a more rational, localized approach is critical to prevent structural overcapacity and ensure the success of quality projects [4]