(Fighting against New Coronary Pneumonia) Records of the "epidemic" of economic warfare: over 150 automobile factories in the world are temporarily closed
China News Service, Beijing, April 8 Question: Economic epidemic "epidemic" record: over 150 automobile factories in the world temporarily closed, China intensive measures to stimulate automobile consumption
Author Wang Qingkai
Suspension of production by auto manufacturers, cancellation or extension of auto shows, and difficulties in the operation of parts suppliers ... The global auto industry is trapped by the new crown virus, and China is no exception. How intensively will China introduce measures to stimulate the automobile consumer market?
The global auto industry presses the "pause button"
Affected by the epidemic, the three major automakers in Detroit, Ford Motor Company, General Motors Corporation and Fiat Chrysler Automobile Company, have recently announced the closure of the United States and factories in Canada and Mexico.
The decisions of the American auto giants have spread like viruses. Automakers such as Honda Motor Co., Nissan Automobile Co., and Korea Hyundai Motor Co. also announced the closure of their plants in the United States.
The decision to close the three major US companies alone has caused 150,000 American workers to go home and wait for work. Decided to announce the day, the stocks of the three major companies plummeted.
The US government also feels this pain. The US auto industry will stop working for a week, and the government will lose $ 2 billion in tax revenue.
Not only the United States, the global automobile manufacturing industry has nearly stagnated under the haze of the epidemic.
At present, more than 150 automobile factories in the world press the "pause button", including European, American, Japanese, Korean and other vehicle manufacturing centers. The shutdown and shutdown have caused huge losses to the global automobile industry.
Research institute HIS Markit predicts that the epidemic will cause a loss of 2 million new car production in the first quarter, and this volume will account for about 40% of the world's total production in the first quarter. Japan Economic News estimates that global auto production will decline by nearly 40% year-on-year in 2020.
As the vane of the global auto industry, the North American International Auto Show, which was originally scheduled to be held in June this year, has been cancelled. The TCF Center, where the event was held, was requisitioned by the United States and converted into a "square cabin hospital".
China intensive moves to stimulate car consumption
Although China has basically blocked the spread of the epidemic, the pace of resuming production and resuming production is also accelerating. But for now, the outlook for the automotive consumer market is not optimistic.
"For the automotive industry, it is still facing great difficulties and problems, especially the problem of weak overall consumer demand." Xin Guobin, deputy minister of the Ministry of Industry and Information Technology, said that due to insufficient market demand, the company ’s inventory increased, and the follow-up time The yield of some enterprises may be further reduced.
International credit rating agency Moody's once again sharply lowered its expectations for the global car sales outlook for 2020: global car sales are expected to decline by 14% in 2020, and Western European car sales will decline by 21%; while China, the world ’s largest car market, will have vehicles in 2020 Sales are expected to decline by 10%.
In February this year, China's car sales were 310,000, a year-on-year decline of 79.1%. The epidemic has worsened the Chinese auto market, which has continued to decline for more than 20 months.
To this end, various measures have been intensively introduced to stimulate automobile consumption. According to incomplete statistics, since February this year, more than 10 cities such as Foshan, Guangzhou, Zhuhai, and Changsha have introduced measures to subsidize car purchases and relax restrictions on car purchases. Xin Guobin expects that more cities will introduce policies to stimulate consumption in the future.
The executive meeting of the State Council of China recently held three measures for "new energy vehicles", "used vehicles" and "elimination of old standard trucks". Industry insiders said the measures will inject stimulants into the current sluggish automobile consumer market.
The meeting decided to extend the new energy vehicle purchase subsidy and purchase tax exemption policy for 2 years.
According to data from Tianyanzha, China's current business scope includes "new energy vehicles, electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles" with more than 140,000 companies. More than 83% of new energy vehicle companies were established within 5 years.
In the first two months of this year, the number of new energy vehicles in China was 55,000, down 57% year-on-year. The industry said that if the new energy vehicle purchase subsidies and purchase tax exemption policies are extended, and the resumption of production and production rate increase, it is expected to prevent auto sales from continuing to decline sharply.
The executive meeting of the State Council also proposed that the central government adopt a method of subsidizing awards to support key regions such as Beijing, Tianjin and Hebei to eliminate diesel trucks with emission standards of National III and below.
Taking Beijing as an example, the elimination of high-emission old cars will release some of the old car inventory indicators. By setting subsidy incentives and time limits for car purchases, it can be converted into new car consumption contributions within the year.
Cui Dongshu, secretary general of the National Passenger Car Market Information Association, analyzed that Beijing's current high-emission old motor vehicle ownership is around 233,000, accounting for about 4% of Beijing's total ownership. If most of the purchases are made, it should be able to boost the consumption scale of nearly 50 billion yuan. (Finish)