China Automobile Dealers Association: New Energy Commercial Vehicle Market Information Weekly No. 65

1. Industry

1. Industry data

• In October, the sales growth rate of new energy commercial vehicles slowed down, increasing by 51.1% year-on-year, and the growth rate has declined for two consecutive months.
• Sales volume from January to October was 217,000 vehicles, a year-on-year increase of 60.8%.

• In October, the growth rate of light commercial vehicles was much higher than the overall market growth rate, reaching 201.8% year-on-year, and the market share increased significantly by 16.9 percentage points.
• Microvan sales have declined month-on-month for four consecutive months, with the year-on-year growth rate narrowing to 3.9% and the market share falling by 12.2 percentage points year-on-year.

• In October, the penetration rate of new energy commercial vehicles exceeded 14% for the first time, reaching 14.4%, doubling year-on-year; the light commercial vehicle market has exceeded the size of the microvan market for three consecutive months, and the penetration rate has risen for five consecutive months, exceeding 39% in October; the penetration rate of new energy heavy trucks exceeded 5% for the first time, reaching 202.2% year-on-year.

• On November 14, the Ministry of Ecology and Environment and 15 other departments jointly issued the "Action Plan for Deepening the Battle to Eliminate Severely Polluted Weather, Prevent and Control Ozone Pollution and Diesel Truck Pollution" to solve prominent atmospheric environmental problems and continuously improve air quality.

• On November 14, the Tianjin Municipal Bureau of Commerce and 21 other departments issued a notice on “Several Measures to Revitalize Automobile Circulation and Expand Automobile Consumption in Tianjin” to promote the quality and expansion of automobile consumption.

• On November 15, Zhejiang Province issued the "Zhejiang Province Action Plan for Accelerating the Construction of Charging Infrastructure along Highways" to ensure and promote the development of the electric vehicle industry.

• On November 16, the Fuzhou Municipal People's Government issued the "Notice on the Implementation Plan for Fuzhou's Comprehensive Energy Conservation and Emission Reduction during the 14th Five-Year Plan Period" to promote the comprehensive green transformation of economic and social development and help achieve the carbon peak and carbon neutrality goals.

• On November 16, the traffic police in Guilin, Guangxi issued the "Notice on Adjusting the Traffic Regulations for Transit Vehicles and Freight Vehicles on Guilin Urban Roads", canceling the traffic restrictions for pickup trucks and new energy trucks.

• On November 17, Changsha City, Hunan Province issued a notice on the issuance of the "Implementation Opinions on Accelerating the Promotion of New Energy Trucks" to accelerate the sales and use of new energy trucks.

• On November 17, Hangzhou City issued a supplementary notice (draft for comments) on the "Implementation Rules of Green Points for Clean Motor Vehicles in Key Areas of Hangzhou City (Trial)" to encourage the promotion of clean vehicles.

1. Car company dynamics

• The Ministry of Industry and Information Technology released the 365th batch of "Announcement on Road Motor Vehicle Production Enterprises and Products" new vehicle announcements.

• The 365th batch of new products announced included 24 pure electric vans and 10 pure electric trucks.

• The Ministry of Industry and Information Technology (365th batch) published the Jinhu-EV48 model in the Announcement of Road Motor Vehicle Manufacturers and Products. This car was commissioned by Jinhu Automobile to be produced by Jiangling. Its core parameters are as follows:

• The Ministry of Industry and Information Technology (MIIT) published the 365th batch of "Announcement on Road Motor Vehicle Manufacturers and Products", which includes the Ruichi EF51 model. Its core parameters are as follows:

• The Ministry of Industry and Information Technology (365th batch) announced the Weichai New Energy-New Light Truck and Xinyuan Automobile-T5L in the "Announcement on Road Motor Vehicle Manufacturers and Products". The core parameters are as follows:

1. Report Interpretation

• Report Name: "Global Lithium Resource Supply and Demand Outlook 2022-2025" - September 2022
• Author: Li Jiahui, New Energy Industry Development Department of Xiangyu