On April 11, the latest data released by the China Automobile Association showed that the automobile sales volume in March was 2.5429 million, with a year-on-year increase of 3.98% (a year-on-year increase of 22.37% in February to 1.9392 million); The sales volume of passenger cars was 2.0963 million, with a year-on-year increase of 1.7% (a year-on-year increase of 18.3% in February to 1.633 million).

Chen Shihua, Assistant Secretary General of China Automobile Industry Association, said that automobile production and sales increased rapidly month on month in March, with a slightly lower year-on-year growth rate. From January to March, automobile production and sales increased steadily, and the year-on-year growth rate of commercial vehicles increased significantly. Among them, 33015 and 31120 new energy vehicles were produced and sold in March, with a year-on-year increase of 30.9% and 35.6% respectively, and a month-on-month increase of 83.7% and 76.9% respectively. Yao Jie, Deputy Secretary General of China Automobile Industry Association, said that the production and sales of new energy vehicles are mainly affected by policies. Generally speaking, the sales volume is not low and belongs to the normal level.
 

In 2016, the sales volume of new energy vehicles in China reached 507000, accounting for 1.8% of new vehicle sales, and the ownership reached 1 million. The new energy vehicle market gradually moved from blue ocean to red ocean. However, affected by the decline of new energy subsidies and the review of the recommended catalogue of the first five batches of new energy vehicles, the development of new energy vehicles in China suffered a "cold spring" at the beginning of this year, and the sales of new energy vehicles decreased by 30.5% year-on-year from January to February.

After the adjustment period in the first quarter of this year, the policies related to the new energy vehicle industry began to be clear one after another. On April 1, the Ministry of industry and information technology released the recommended catalogue of the third batch of new energy vehicles in China. A total of 634 models were selected, which increased by two times compared with the first two batches, significantly exceeding market expectations. With more new models entering the catalogue and selling, as well as more local subsidies, many institutions expect strong growth in the sales of new energy vehicles in the second half of the year.

The national development and Reform Commission recently announced that the annual output of 100000 electric vehicles project of Henan Suda Electric Vehicle Technology Co., Ltd. has been approved. This means that Henan Suda has become the fifth approved enterprise this year after Jinkang new energy, Guoneng new energy, Yundu new energy and Zhidou automobile. Up to now, 12 enterprises have obtained the production qualification of new pure electric vehicles.

Tian yongqiu, a well-known commentator in the automotive industry, said: "with the continuous increase of national support for new energy vehicles, there will be no fewer enterprises with production qualification this year than last year. From the perspective of development stage, this year and next will become an important transition period for the development of new energy vehicles."

While Tesla and other international new energy vehicle giants are doing well, the domestic new energy vehicle market is also picking up. Statistics show that more than half of the nearly 20 A-share listed auto companies that have disclosed the 2016 annual report have achieved year-on-year profit growth. BAIC, GAC and SAIC not only showed explosive growth in sales of their own brands last year, but also maintained a high growth momentum of new energy vehicles.

However, there are still some problems in the development of new energy vehicles in China. First, car companies rely heavily on new energy subsidies. From the sales data from January to February, it can be seen that with the decline of subsidies, the sales of domestic independent brand new energy vehicles have shown a downward trend, while Tesla, which does not rely on subsidies, has always maintained a good development trend. Secondly, technical problems such as low mileage and long charging time still restrict the acceptance of new energy vehicles by users to a certain extent.

"By 2020, the subsidy for new energy vehicles will decline. At that time, enterprises should rely entirely on products." Tian yongqiu said that there is a transition period from relying on subsidies to relying entirely on themselves. This year and next will be an important stage in the development of new energy vehicle industry.