[Commentary] On April 9, Cai Ronghua, deputy director of the Industrial Development Department of the National Development and Reform Commission, said at the press conference of the Joint Defense and Joint Control Mechanism of the State Council that the new coronary pneumonia epidemic will bring greater impact and downward pressure on the automotive industry in a short period of time. But it will not affect the long-term trend of China's auto industry.

[Same period] Cai Ronghua, Deputy Director, Industrial Development Department, National Development and Reform Commission

Although the recent epidemic has indeed brought greater impact and downward pressure on the automotive industry market in a short period of time, we believe that this situation is temporary and will not affect the long-term (good) trend of our national automobile industry. After adjustment and optimization, China's auto market will gradually recover and remain stable for a long period of time.

[Commentary] On March 31, 2020, the Executive Meeting of the State Council decided to extend the two preferential policies for new energy vehicle purchase subsidies and vehicle tax exemption due at the end of this year for two years. Sun Guangqi, director of the Department of Economic Construction of the Ministry of Finance, said that this move can impact the epidemic and promote automobile consumption.

[Same period] Sun Guangqi, Director of the Department of Economic Construction of the Ministry of Finance

The impact of the New Coronary Pneumonia epidemic on the new energy vehicle market is relatively large. From January to February, the production and sales of new energy vehicles fell by 63.8% and 59.5% year-on-year, respectively. Extending preferential support policies will help stimulate the automobile market consumption and hedge the impact of the epidemic. At the same time, it is also conducive to supporting related industries and enterprises to speed up the resumption of production.

【Explanation】 Wu Xianfeng, deputy director of the Atmospheric Department of the Ministry of Ecology and Environment, responded to the question of whether the national VI emission standards of public concern may be delayed. He said that the New Coronary Pneumonia epidemic has a great impact on the automotive industry, and the Ministry of Ecology and Environment is considering delaying the implementation of the national VI emission standards in the country.

[Same period] Wu Xianfeng, Deputy Director of the Atmospheric Department of the Ministry of Ecology and Environment

The Ministry of Ecology and Environment considers to postpone the implementation of the national VI emission standards in the country, specifically to extend the (production) transition period of automobile manufacturers and the sales period of national V inventory vehicles. Once this policy is introduced, we will announce it to the community as soon as possible.

Reporter Xu Pengpeng reports from Beijing

Editor in charge: [Liu Xian]