The China Automobile Industry Association (hereinafter referred to as “the China Automobile Association”) recently released the 2019 annual automobile production and sales data.
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New energy vehicles sales have fallen for the first time in 10 years and remain cautiously optimistic in 2020
The China Automobile Industry Association (hereinafter referred to as the “Automotive Association”) recently released the 2019 annual automobile production and sales data. In 2019, the production and sales of new energy vehicles completed 1.242 million and 1.206 million, down 2.3% and 4% respectively. This is also the first time in 10 years of vigorous promotion that the annual production and sales data of new energy vehicles have fallen.
Although new energy vehicles currently account for about 5% of China’s overall automotive market sales, they have been regarded as a bright spot in the cold winter. Sales in the first six months of last year have maintained year-on-year growth. New energy vehicles did not sell well in the second half of the year. According to Chen Shihua, deputy secretary general of the China Automobile Association, it was mainly affected by the following factors. First of all, subsidies for the purchase of new energy vehicles declined sharply in July last year, making it difficult for manufacturers to make profits from new energy vehicles. Second, consumer recognition of new energy vehicles has not been confirmed. In addition, the large macroeconomic pressure and the national five emission models (replacement of new energy vehicles) with reduced prices also affected the production and sales of new energy vehicles to a certain extent. Chen Shihua remains cautiously optimistic about the sales of new energy vehicles in 2020.
The good news is that the country next clearly supports the development of new energy vehicles. At the forum of the Hundred People’s Association of Electric Vehicles held recently, the Minister of Industry and Information Technology Miao Wei said that after July 1, 2020, the financial subsidies for new energy vehicles will not decline significantly. But …
Editor’s comment: The slowdown in subsidy subsidence is good news for the new energy vehicle industry. However, from the perspective of market competition, Weilai, Xiaopeng, Ideal Auto and other Chinese new-built vehicles are still facing great pressure for survival. Technology research and development and development of new business models are …
“TCL” transformed into “TCL Technology”, with greater ambitions besides semiconductors
On January 13, TCL Group issued an announcement saying that it plans to change the company’s name to “TCL Technology”. Regarding the rename, TCL Group has been mulling for a long time. As early as in the semi-annual report performance exchange meeting in 2019, Li Dongsheng, chairman of TCL, revealed that he intends to rename the company “Huaxing Optoelectronics”.
In the first half of 2019, TCL divested its smart terminal businesses such as mobile phones and home appliances, focusing on its main business centered on the Huaxing Optoelectronics semiconductor display industry. However, Li Dongsheng told the media that TCL did not become “Huaxing Optoelectronics”, mainly because the company would not have only one main business, and the name “Huaxing Optoelectronics” could not represent the company’s development direction. According to Li Dongsheng’s plan, TCL Group can not only stay in the panel manufacturing industry downstream of the industrial chain, but also gradually move upstream of the industrial chain.
An insider who has participated in the restructuring of TCL told Interface News, “The prominent technology after the name change is to strengthen the competitiveness of the panel itself. On the other hand, …
Editor’s comment: TCL changed its name, on the one hand, in order to show its competitiveness in the semiconductor display and materials business, on the other hand, it also improved the company in …
This article comes from the paid section “Daily Business Collection”-January 14 Day
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