插混汽车

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三部门:新能源车购置税减免技术门槛提高
Zheng Quan Shi Bao· 2025-10-11 01:53
根据《公告》,2026年1月1日起,列入《减免车辆购置税的新能源汽车车型目录》的车型,需符合该公 告要求。2026年1月1日(含)起,购置列入减免税目录的新能源汽车,可按规定享受车辆购置税减免政 策。 插电式(含增程式)混合动力乘用车技术要求调整明显:纯电动续驶里程应满足有条件的等效全电里程 不低于100公里。与此前政策相比,本次新技术要求相应车型的纯电动续驶里程由此前的大于等于43公 里大幅增至100公里,增幅达132.6%。 同时,针对插电式(含增程式)混合动力乘用车,新技术要求按车辆整备质量进行了分档。根据《公 告》,电量保持模式试验的燃料消耗量与《乘用车燃料消耗量限值》中对应车型的燃料消耗量限值相 比,整备质量为2510kg以下的乘用车,应小于70%,整备质量为2510kg及以上的乘用车,应小于75%; 电量消耗模式试验的电能消耗量与《电动汽车能量消耗量限值第1部分:乘用车》(GB 36980.1— 2025)中对应车型的电能消耗量限值相比,整备质量为2510kg以下的乘用车,应小于140%,整备质量 为2510kg及以上的乘用车,应小于145%等。 10月9日,工业和信息化部、财政部、税务总局等三部 ...
【乘联会论坛】从市场销售看车企低碳转型现状---解析1-8月TOP10批发与零售
乘联分会· 2025-09-28 08:39
Core Viewpoint - The article discusses the rapid transformation of China's automotive industry towards electrification, intelligence, and connectivity, highlighting the significant growth in the new energy vehicle (NEV) sector, which now accounts for a substantial portion of global sales [2]. Group 1: Industry Overview - In the first eight months of 2025, China's automotive sales accounted for approximately 33-34% of global sales, with NEV sales representing about 65-70% of the global market [2]. - The top four companies with over 50% NEV sales include BYD, Tesla, Geely, and SAIC-GM-Wuling, while Changan is close to the 50% mark [2]. Group 2: Company Performance - **BYD**: Achieved 100% NEV sales in 2025, with a wholesale volume of 282.6 thousand units, marking a significant increase from previous years [4][5]. - **Tesla**: Also reached 100% NEV sales, with a wholesale volume of 51.6 thousand units in 2025, and domestic sales accounted for 70.1% of total sales [5][6]. - **Geely**: Increased its NEV sales ratio to 53% in 2025, up from 40.8% in 2024, driven by the launch of five new models [7][8]. - **SAIC-GM-Wuling**: Achieved a NEV sales ratio of 73% in wholesale and 85% in retail, reflecting its commitment to low-carbon transformation [8][9]. Group 3: Other Companies - **Chery**: Ranked third in wholesale sales with a 27% NEV ratio, indicating a strong domestic market presence [9]. - **Changan**: Achieved a 49% NEV ratio in wholesale and 54% in retail, showcasing significant progress in electrification [9]. - **Great Wall Motors**: Maintained a 35% NEV ratio in wholesale, with a similar domestic ratio [9]. Group 4: Joint Ventures - Joint ventures like FAW-Volkswagen, SAIC Volkswagen, and FAW Toyota show minimal differences in ICE and NEV sales ratios, indicating a stable market presence for traditional fuel vehicles [10]. - The article emphasizes that fuel vehicles remain a crucial part of the automotive market, contributing significantly to tax revenue and industry competition [10].
欧洲车市增长最快的是一个中国品牌
Di Yi Cai Jing· 2025-09-27 06:09
Core Insights - The rise of plug-in hybrid vehicles (PHEVs) in Europe is significant, with a year-on-year growth of 54.5% in August, marking the sixth consecutive month of increase, while pure electric vehicle (EV) sales grew by 30.2% [1] - Chinese automakers are increasingly entering the European market, with BYD achieving a remarkable 280% year-on-year sales increase, selling nearly 96,000 vehicles in the first eight months of the year [1][2] - SAIC Motor also showed strong performance with a 19.7% increase in sales, surpassing Tesla in the European market [1][2] Industry Performance - The overall growth of new energy vehicles in Europe is closely linked to the entry of Chinese manufacturers, with BYD and SAIC Motor leading the sales growth among the top 18 automotive groups [1] - Traditional brands like Hyundai and Toyota experienced declines in sales, with Hyundai down 3.4% and Toyota down 6.7% in the same period [1] - Tesla's sales continued to decline, with a drop of over 32% year-on-year [1] Market Dynamics - The European Union's tariffs on Chinese EVs have made PHEVs a strategic entry point for Chinese manufacturers, as they are subject to a lower base tariff of 10% compared to the potential 45.3% on pure EVs [2][3] - In March, PHEVs accounted for 41% of BYD's EV sales in the EU, while SAIC's PHEV sales reached 49%, indicating a strong preference for hybrid models among consumers [3] - BYD has introduced new PHEV models in Europe, including the SEAL U DM-i and the SEAL 6 DM-i TOURING, further expanding its product offerings [3]
冲刺年销目标、消化乘用车库存,车企如何破局?
第一财经· 2025-09-24 08:17
Core Viewpoint - The automotive industry in China is facing challenges in inventory reduction and sales growth, with a focus on the "golden September and silver October" period to meet annual sales targets. The production capacity utilization rate for passenger cars is around 52% in the first half of 2025, with both production and sales exceeding 15 million units, driven by policies like trade-in programs and growth in export business [3][5]. Summary by Sections Production and Sales Trends - In the 18 months from January 2024 to July 2025, the average price of passenger cars has decreased by 5,000 to 9,000 yuan, representing a discount range of 2.8% to 5.6% [3]. - The number of new models, particularly plug-in hybrid and extended-range vehicles, has nearly doubled compared to last year, although the marginal effect on sales growth is diminishing [3][4]. Sales Performance of Different Vehicle Types - As of August this year, plug-in hybrid vehicle sales were 314,000 units, showing a year-on-year decline of 7.3%, while extended-range vehicle sales growth was only about 0.3% [5]. - In contrast, pure electric vehicle sales reached 686,000 units in August, with a year-on-year growth rate of 17.2%, significantly outpacing plug-in and extended-range vehicles [5]. Inventory and Market Strategy - The cumulative inventory of plug-in hybrid vehicles has reached one million units, suggesting a need for a 33-month period to clear this inventory at a rate of 30,000 units per month [5]. - To address inventory issues, companies are considering expanding into overseas markets, with a focus on increasing production capacity in target markets amid global trade protectionism [5][6]. Export Dynamics - Exports have become a major driver of automotive production growth since 2023, although the growth rate of complete vehicle exports is expected to slow down due to local production requirements in target markets [6]. - The export performance of Chinese new energy vehicles has exceeded expectations, with significant growth in markets such as the Middle East and developed countries, particularly in Western Europe and Asia [6]. Future Outlook - Despite a projected 12% year-on-year increase in light vehicle production in the first half of 2025, the second half may face challenges such as slowing consumption and inventory reduction [6]. - Overall, the automotive industry is expected to maintain a stable and positive development trend, with improvements in industrial scale and quality efficiency driven by policies like trade-in programs [6].
冲刺年销目标、消化乘用车库存,车企如何破局?
Di Yi Cai Jing· 2025-09-24 07:09
Group 1 - The automotive industry is focusing on inventory reduction and increasing sales, particularly through overseas markets as a strategy to meet annual sales targets [1][2] - In the first half of 2025, domestic passenger car capacity utilization is projected to be around 52%, with production and sales both exceeding 15 million units, driven by policies like vehicle trade-ins and growth in export business [1] - The average price of passenger cars has decreased by 5,000 to 9,000 yuan (approximately 2.8% to 5.6% discount) from January 2024 to July 2025, coinciding with a surge in new vehicle launches, especially in the plug-in hybrid and extended-range segments [1] Group 2 - Data from the China Automobile Dealers Association indicates that sales of plug-in hybrid vehicles are expected to grow over 80% year-on-year in 2024, while extended-range vehicles are projected to see over 70% growth [2] - However, since March 2023, the growth rate of plug-in hybrid vehicles has significantly declined, with sales in August 2023 showing a negative growth of 7.3% year-on-year [2] - In contrast, pure electric vehicle sales reached 686,000 units in August 2023, with a year-on-year growth of 17.2%, indicating a shift in consumer preference [2] Group 3 - Exports have become a major driver of automotive production growth since 2023, but the pace of complete vehicle exports is expected to slow down due to localization requirements in target markets [3] - The top ten countries for Chinese automotive exports from January to August 2023 include Russia, but exports to Russia have significantly decreased due to heightened risk awareness among Chinese automakers [3] - The export performance of new energy vehicles has exceeded expectations, with growth in plug-in hybrids and hybrids becoming new growth points, particularly in developed markets in Western Europe and Asia [3]
崔东树:1-8月中国汽车实现出口494万辆 同比走势总体较强
智通财经网· 2025-09-23 12:26
Summary of Key Points Core Viewpoint - China's automobile exports are experiencing significant growth, with a total export of 764,000 units in August 2025, representing a year-on-year increase of 25% and a month-on-month increase of 12% [1][7]. Export Performance - From January to August 2025, China exported 4.94 million vehicles, marking a year-on-year growth of 21% compared to the same period in 2024 [1][7]. - The top ten countries for China's automobile exports in August 2025 included Russia (58,707 units), UAE (46,616 units), and Mexico (38,994 units) [1]. - The cumulative export figures for 2025 show Mexico leading with 362,103 units, followed by UAE and Russia [2]. Electric Vehicle Exports - In August 2025, China's electric vehicle exports totaled 76,400 units, with significant contributions from Belgium (27,247 units) and the Philippines (21,957 units) [2][3]. - The performance of China's new energy vehicle exports from January to August 2025 was better than expected, driven by the growth of plug-in hybrid and hybrid vehicles, particularly in the pickup segment [3][12]. Historical Trends - China's automobile exports have seen a steady increase since 2021, with a growth rate of over 50% in 2022 and 2023, and a projected growth rate of around 20% for 2024 and 2025 [6][7]. - The export volume reached 641,000 units in 2024, continuing the upward trend from previous years [6]. Market Dynamics - The growth in exports is attributed to the enhanced competitiveness of Chinese products and slight growth in markets of southern countries globally [1][7]. - The export structure shows a rising share of passenger vehicles, which accounted for 85% of total exports in 2023, while the share of commercial vehicles has been declining [11][15]. Regional Contributions - In 2025, Anhui province emerged as the leading exporter of automobiles, surpassing Shanghai, with a total of 670,000 units exported from January to August [17][18]. - The strong performance of companies like Chery and JAC in Anhui has contributed to this growth, alongside increased contributions from Jiangsu and Henan provinces [18].
纯电向上,混动向下
Zhong Guo Qi Che Bao Wang· 2025-09-19 12:18
8月的新能源车市热闹非凡,新势力车企上演着集体冲高的戏码,自主汽车大集团的新能源板块突飞猛进,主流合资车企则想要靠本土化新车的发布站稳 脚跟。 中国汽车流通协会乘联分会日前公布的数据显示,8月,新能源乘用车市场零售110.1万辆,同比增长7.5%,在国内总体乘用车零售中的渗透率达55.2%, 较去年同期提升1.5个百分点,呈平稳增长之势。然而,平静之下,暗藏汹涌。 具体来看,8月纯电动汽车批发销量同比增长38.5%,而狭义插混汽车仅增长5%,增程式汽车更是同比下降9.5%。去年还势头正猛的插混汽车(含增程, 下同)如今却已明显失速。 01 纯电与插混增速拉开差距 插混汽车能否占据新能源汽车市场的半壁江山?面对2024年全年插混汽车高达83.3%的同比增速,今年年初,行业上下对于插混汽车的发展都寄予厚望。 中国电动汽车百人会副理事长兼秘书长张永伟此前预测,插电混动和增程两个技术路线将成为新能源增量中的重要力量,2025年销量将超800万辆,同比 增长60%,在新能源市场中的比重将接近50%。 然而,进入2025年,插混汽车增速却持续下滑,给新能源汽车市场的发展带来不确定性。中国汽车工业协会(简称"中汽协")的数 ...
东兴证券:8月车市销量持续增长 插混车型成出口增长主力
Zhi Tong Cai Jing· 2025-09-18 07:45
Core Insights - The domestic automotive market showed strong performance in August, with significant growth in pure electric vehicle (EV) sales, while the growth of plug-in hybrid (PHEV) and range-extended vehicles slowed down due to subsidy policies favoring smaller pure EVs [1][3] - The export of new energy vehicles (NEVs) performed robustly, with PHEV exports growing faster than domestic sales, driven by better economic and intelligent features compared to traditional fuel vehicles [1][4] Domestic Market Performance - In August, domestic vehicle sales reached 2.245 million units, a month-on-month increase of 11.3% and a year-on-year increase of 15.6% [3] - Sales of Chinese brand passenger vehicles were 1.766 million units, showing a year-on-year growth of 21% [3] - NEV sales in August totaled 1.171 million units, a year-on-year increase of 18.3%, accounting for 52.1% of total domestic vehicle sales [3] - For the first eight months, domestic vehicle sales reached 16.836 million units, a year-on-year increase of 12.3% [3] Export Market Performance - In August, total vehicle exports were 611,000 units, with a month-on-month increase of 6.2% and a year-on-year increase of 19.6% [4] - NEV exports reached 224,000 units, a year-on-year increase of 100% [4] - Among NEVs, pure electric vehicle exports were 143,000 units, showing a year-on-year growth of 63.4% [4] - For the first eight months, total vehicle exports were 4.292 million units, a year-on-year increase of 13.7% [4] Investment Strategy - The domestic automotive market is characterized by accelerated electrification and the strong rise of independent brands, with intelligent features being a key driver of sales growth [5] - The focus of competition is shifting towards the intelligent sector, with leading companies in data, training facilities, and intelligent driving ecosystems expected to capture more market share [5] - Companies like Huawei are leveraging their ICT expertise to enhance their competitiveness in the automotive sector, particularly in intelligent vehicle development [6] Beneficiary Companies - Companies benefiting from deep cooperation with Huawei include Seres, JAC Motors, BAIC Blue Valley, SAIC Motor, and Changan Automobile [6] - Component suppliers with competitive advantages in cost, research, and market presence are also highlighted, including Chuanhuan Technology, Ningbo Gaofa, Kehua Holdings, New Coordinates, and Zhongyuan Neipei [6]
国内市场销量持续增长,插混车型成出口增长主力 | 投研报告
Zhong Guo Neng Yuan Wang· 2025-09-18 01:55
东兴证券近日发布汽车行业8月数据点评:近日中汽协发布2025年8月汽车产销数据,8 月汽车产销分别完成281.5万辆和285.7万辆,环比分别增长8.7%和10.1%,同比分别增长13% 和16.4%;新能源汽车产销分别完成139.1万辆和139.5万辆,同比增长27.4%和26.8%。1-8 月,汽车产销分别完成2105.1万辆和2112.8万辆,同比分别增长12.7%和12.6%;新能源汽车 产销分别完成962.5万辆和962万辆,同比分别增长37.3%和36.7%。 以下为研究报告摘要: 事件:近日中汽协发布2025年8月汽车产销数据,8月汽车产销分别完成281.5万辆和 285.7万辆,环比分别增长8.7%和10.1%,同比分别增长13%和16.4%;新能源汽车产销分别 完成139.1万辆和139.5万辆,同比增长27.4%和26.8%。1-8月,汽车产销分别完成2105.1万辆 和2112.8万辆,同比分别增长12.7%和12.6%;新能源汽车产销分别完成962.5万辆和962万 辆,同比分别增长37.3%和36.7%。 点评: 国内:同比持续增长,纯电车型增速较高。8月,汽车国内销量224.5万辆 ...
汽车行业8月数据点评:国内市场销量持续增长,插混车型成出口增长主力
Dongxing Securities· 2025-09-17 07:55
Investment Rating - The industry investment rating is "Positive" or "看好" [4] Core Viewpoints - The domestic automotive market is experiencing continuous growth, with significant increases in both production and sales figures for August 2025, showing a month-on-month growth of 8.7% and 10.1%, respectively, and year-on-year growth of 13% and 16.4% [1] - New energy vehicles (NEVs) are driving the growth, with production and sales reaching 139.1 million and 139.5 million units in August, representing a year-on-year increase of 27.4% and 26.8% [1] - The market is witnessing a structural shift, with pure electric vehicles (EVs) showing higher growth rates compared to plug-in hybrid and range-extended vehicles, influenced by subsidy policies favoring smaller pure EVs [3] Summary by Sections Domestic Market Performance - In August, domestic car sales reached 2.245 million units, with a month-on-month increase of 11.3% and a year-on-year increase of 15.6%. Sales of Chinese brand passenger cars were 1.766 million units, up 21% year-on-year [2] - NEV sales in the domestic market were 1.171 million units, reflecting an 18.3% year-on-year growth, accounting for 52.1% of total domestic car sales [2] - From January to August, domestic car sales totaled 16.836 million units, a 12.3% year-on-year increase, while NEV sales reached 8.088 million units, up 30.1% year-on-year [2] Export Performance - In August, total car exports were 611,000 units, with a month-on-month increase of 6.2% and a year-on-year increase of 19.6%. NEV exports reached 224,000 units, doubling year-on-year [3] - Among NEVs, pure electric vehicle exports were 143,000 units, showing a year-on-year growth of 63.4%, while plug-in hybrid exports increased by 2.7 times [3] - From January to August, total car exports were 4.292 million units, a 13.7% year-on-year increase, with NEV exports at 1.532 million units, up 87.3% year-on-year [3] Investment Strategy - The report emphasizes the dual drivers of policy stimulation and technological innovation in the domestic automotive market, highlighting the accelerated penetration of electrification and the strong rise of domestic brands [4] - The trend towards hybridization is expected to continue, with internal combustion engines remaining relevant in hybrid forms. The report identifies key players in the automotive supply chain that are well-positioned for growth [8]