Information on purchase tax for exemption affects new energy car sector

Yesterday, the Ministry of Finance, the State Administration of Taxation, the Ministry of Industry and Information Technology, and the Ministry of Science and Technology jointly announced that from January 1, 2018 to December 31, 2020, new energy vehicles purchased will be exempt from vehicle purchase tax. After the announcement, yesterday afternoon, the concept of new energy vehicles listed stocks straight line limit. The industry stated that at present, the development of new energy vehicles in China is facing new opportunities. From the previous shift from subsidy-based to market-oriented, the market is facing a new reshuffle, and the phenomenon of swarms of new energy vehicles will be curbed, with core competitiveness. The car prices are expected to come to the fore.

Propose new requirements such as driving range

The announcement pointed out that the new energy vehicles exempted from the vehicle purchase tax will be managed through the issuance of the "Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Taxes" (hereinafter referred to as the "Catalogue"). New energy vehicles that have been listed in the Catalogue before December 31, 2017 will continue to be valid for the exemption of vehicle purchase tax policy.

The appendices issued at the same time include the new energy automotive product special inspection standards catalogue and the technical requirements for new energy automotive products, and put forward new requirements including the pure electric driving range of new energy vehicles, among which the electric range of pure electric passenger vehicles is equal to or greater than 100 kilometers, and the new energy passenger car technical requirements, it is proposed that the maximum speed of 30 minutes for pure electric passenger cars is not less than 100km/h; the power energy battery density of pure electric passenger car power battery system is not lower than 90Wh/ Kg, increased to not less than 95Wh/kg; in terms of new energy buses, the energy density of non-fast-charged pure electric bus battery system was raised from above 85Wh/kg to above 95Wh/kg; new energy trucks and special In terms of vehicle technical requirements, the load power battery system mass energy density requirement is adjusted from not less than 90Wh/kg to not less than 95Wh/kg.

Concept stocks soared yesterday

Stimulated by this news, on the afternoon of the afternoon, Yaxing Bus (600213), Jinbei Automobile (600609), Ankai Bus (000868), Zhongtong Bus (000957) and other new energy vehicles listed on the stock market began to hit a straight line limit. In addition, it included Zhongtai Automobile ( 000980), Haima Motors (000572), BYD (002594) and other stocks rose more than 5%, and more than one stock ended up more than 3% as of yesterday's close.

The industry said that new energy vehicles will continue to receive strong support from the state, but the current support has shifted from subsidizing to improving the quality of automobiles. This will inevitably affect those companies that do not have core competitiveness and are swarming with projects. Bring pressure, but it has a long-term positive significance for the entire new energy automotive industry. After the reshuffle of the fittest in the market, new energy car companies with core competitiveness are expected to win the favor of the market and consumers.