第一财经·2025-07-10 04:21Core Viewpoint - The article discusses the dynamic adjustment of subsidies for new energy vehicles (NEVs) in China from 2016 to 2020, highlighting the reduction in actual subsidies received by various car manufacturers compared to their applications, aimed at preventing "subsidy dependency" among companies [1][8]. Group 1: Subsidy Adjustments and Impacts - The Ministry of Industry and Information Technology (MIIT) has published a report indicating that many car manufacturers received less subsidy than applied for due to non-compliance with requirements [1][8]. - The average annual subsidy for BYD from 2016 to 2020 was 3.76 million, with a peak in 2019 at 8.11 million, but the actual subsidy amount was reduced by approximately 142 million due to fewer vehicles qualifying [3][4]. - Changan Automobile received an average of 1.48 million annually, with a peak in 2019, but faced a reduction of about 13.27 million in actual subsidies [4]. Group 2: Performance of Various Manufacturers - Beijing New Energy Automobile Co. received an average annual subsidy of 12.4 million, with a peak of around 30 million in 2017, but had a reduction of about 97 million in actual subsidies [4]. - Other manufacturers like Dongfeng Motor Group and FAW Group also experienced significant reductions in subsidies, with Dongfeng's reductions exceeding 37 million [5]. - Among the 11 manufacturers analyzed, five had reductions in the number of vehicles qualifying for subsidies of 30 or fewer, indicating a varied impact across the industry [5]. Group 3: Historical Context and Future Outlook - The NEV market in China saw rapid growth from 2016 to 2020, with production and sales exceeding 500,000 units in 2016, and sales reaching 1.367 million in 2020, marking a significant increase in market penetration [7]. - The subsidy policy has undergone dynamic adjustments to address issues like subsidy dependency and fraudulent claims, with stricter eligibility criteria introduced in 2017 and 2019 [8][9]. - By 2024, the penetration rate of new energy passenger vehicles is expected to exceed 50%, indicating a shift towards market-driven competition beyond subsidies [9].