Does the double-credit policy really need to be delayed for one year? is it good or bad?

On August 29, the China Association of Automobile Manufacturers organized the “Two Conferences” Spiritual Promotion Conference (“Two Conferences” refers to the meeting on innovation and development of the new energy vehicle overall planning hosted by Vice Premier Zhang Gaoli and the vice chairman of Ma Kai. The seminar on the promotion and application of new energy vehicles), the Ministry of Industry and Information Technology pointed out that the “Measures for the Concurrent Management of Average Fuel Consumption of Passenger Vehicles and New Energy Vehicles in Passenger Vehicles” jointly issued by the Ministry of Finance, the Ministry of Commerce, the General Administration of Quality Supervision, Inspection and Quarantine, and the General Administration of Customs. (Hereinafter referred to as the "double-integration policy") is in the process of implementation, will be released in the near future, after the release, will also carry out relevant publicity, but also to do some training on how to specific operations, and the Ministry of Industry and Information Technology is doing this work in the near future.

At the end of August, when the dual-integration policy was issued, the news that a double-credit policy would be implemented one year later was delayed, so that the company that had already had no hope for delay saw another light: Xinhua reported on August 29th that people close to the Ministry of Industry and Information Technology revealed to Caixin.com that China’s new energy auto points policy will be implemented one year until 2019, and the average fuel consumption points will be implemented in 2018 as planned. Regarding the above information, the Ministry of Industry and Information Technology has not commented until now. Even though no formal response has been received from the Ministry of Industry and Information Technology, the implementation time of the double-credit policy will soon be clear.

The implementation of double-integration delays and non-delays is a very sensitive topic for the industry. Experts, scholars and business leaders have long argued over it and thus formed two schools of thought.

Cannot hesitate to implement on schedule will benefit the auto makers

Since the draft of the double-score policy consultation draft was first released in September 2016, some industry players have disputed the implementation time in the opinion draft, and some people believe that the implementation time of the double-integration policy should not be delayed.

Yin Chengliang, deputy dean of the Institute of Automotive Engineering at Shanghai Jiaotong University, believes that the implementation of the double-integration policy cannot be delayed for one year; Zhao Ying, director of the industrial development department of the Institute of Industrial Economics at the Chinese Academy of Social Sciences, believes that the double-integration policy cannot be postponed, especially in Europe and the United States. Countries such as China hope that China will delay the implementation of its policy and should adhere to strict and timely implementation. Li Qingwen, dean of the Automotive Evaluation Institute of the China European Economic and Technical Cooperation Association, also stated that the formulation of double-integration policy should take into account national interests and formulate policies. In the process, we must adhere to principles.

It is not difficult to understand the original intention of calling for a double-integration policy to be implemented as soon as possible. After more than 30 years of opening up in China’s auto market, China’s auto market has so far been dominated by imported cars and joint venture brands. The key components’ key technologies are still “blocked” by foreign car giants, and Chinese brand cars want to turn over. It's hard. When China takes the lead in the development of pure electric vehicles, while foreign car companies do not pay attention to the current layout of pure electric vehicles, implementing the double-integration policy as soon as possible can create more opportunities for self-owned brands and help Chinese car companies to grasp more. The right to speak.

As the domestic new energy vehicle technology route takes the pure electric vehicle route, and the subsidy for new energy vehicles retreat has become a certain trend, so many local car companies have already stepped up efforts in the investment and layout of new energy vehicles. If the double-integration policy is implemented immediately, local auto companies such as BYD, Beijing Auto, Geely Automobile, SAIC Motors, Zhongtai Auto, Jianghuai Auto, and Chery Automobile will not have to worry too much, but those with large sales volume and new energy vehicles Lack of car companies to trade through new energy points or even cut off part of the traditional models in order to balance the difference between the points, so that will create the initiative for the independent brand cars, to retain the first-mover advantage of China's new energy vehicles, if hesitant and delay implementation may It will lead to missed opportunities for new energy vehicles in China.

Delayed implementation is beneficial to the entire new energy vehicle ecology

The call for a one-year delay in implementing the double-credit policy has been very strong. The attitude of the Volkswagen Group in respect of the double-credit policy is very clear. Haizman, CEO of the Volkswagen Group, publicly stated on several occasions: “I personally think that we must move steadily. Enterprises need sufficient time to carry out the transition.” He believes that the point policy announced at the end of 2016 will be implemented in 2018, and it is too hasty for car companies. "Dong Yang, executive vice president of the China Association of Automobile Manufacturers, believes that it is inaccurate to regard the dual-point management approach as a policy to foster the development of autonomous vehicle companies. The purpose of the double-integration policy is to promote energy-saving and emission-reduction of vehicles and to subsidize After the deadline, China’s auto industry will continue to promote the development of new energy vehicles in China.Therefore, China Automobile Association hopes that the dual-point management approach can be postponed for one year and give companies some time for preparation. Cui Dongshu, Secretary-General of the Federation of Travel Unions, also believes that the one-year double-credit is suspended. The implementation time of the management measures is relatively reasonable, or it will be implemented in 2018, but it will not be included in the assessment and the implementation of points can be carried forward, which can enable enterprises and markets to achieve a smooth transition.

Jochem Heizmann, President and CEO of Volkswagen Group (China)

Before the news that the “double-delayed policy was implemented one year later” was revealed, the Ministry of Industry and Information Technology seemed to be resolute in its attitude. Regarding whether or not the matter was delayed, many foreign automakers began to give up “lucky psychology” in the hope of delay and hopelessness. Instead, it will lay emphasis on the layout of new energy vehicles. Up to now, Volkswagen, JAC, Ford and Zotye, Nissan Renault and Dongfeng have established joint ventures for new energy vehicles. Daimler also seeks breakthrough points for future new energy points by taking shares in BAIC New Energy. Faced with the pressure of double-indicators to be released soon, the lack of new energy auto products companies seeking local new energy has the advantage of car companies cooperation is also a "expedient measure", with the "long-term development plan for the automotive industry," requires an orderly release The ratio of shares in the joint venture is limited, and it is believed that there will be a new energy vehicle joint venture company in the Chinese auto market.

The double-pointing policy can be described as a result of the whole body, so that the entire Chinese auto market and global car companies have to follow the pace of the Chinese market. From an environmental point of view, the sooner the implementation of the double-integration policy is, the better, but from the perspective of orderly development of the industry, perhaps more considerations should be given. As the equity ratio of the joint venture is released, more and more squid will enter the auto market in China. Implementing the double-integration policy one year later or one year earlier may not be the most critical for self-owned brand cars. The key is to Keeping close to China’s new energy vehicle technology line, it strives to rapidly develop core technologies and strive to fully arm its new energy vehicle technology field to meet the severe challenges of the market.