Beijing, September 9 (ZXS) -- China's NEV production reached 2 million units in September 2020 and exceeded 9 million units in February 500. Just one year and five months later, the number has exceeded the 2022 million mark.

Jiang Jiang, a researcher at the Institute of Industrial Economics of the China Academy of Macroeconomic Research, recently said in an exclusive interview with a reporter from China News Agency that China's new energy vehicle development is "galloping all the way", and the scale of production and sales has ranked first in the world for eight consecutive years. As a strategic emerging industry with the strongest growth and the best development momentum, new energy vehicles are playing an increasingly important role in promoting the quality and efficiency of China's economy.

Turning the calendar back to 2012, China's State Council issued the Twelfth Five-Year Plan for the Development of National Strategic Emerging Industries. According to Jiang Jiang's recollection, the new energy automobile industry, as one of the seven major fields, was the smallest and latest industry at that time compared with the new generation of information technology and high-end equipment manufacturing.

In the following ten years, China's new energy vehicle production and sales have grown rapidly. According to data from the China Association of Automobile Manufacturers, in the first seven months of this year, China's exports of new energy vehicles were 7,63 units, a year-on-year increase of 6.1 times. This achievement has driven China's automobile exports to surpass Japan for two consecutive quarters to become the world's first.

Jiang Jiang pointed out that new energy vehicles are constantly helping China stabilize and expand foreign investment by virtue of its advantages of complete industrial ecology, relatively complete and reliable localized supply chain and long-term stable industrial policy support. BMW, Volkswagen, Tesla and other global leading car companies are optimistic about the Chinese market, and carry out multi-channel, multi-mode and long-term joint R&D and strategic cooperation.

China's new energy vehicles have experienced great development, but their potential is far from exhausted. In Jiang Jiang's view, the current conventional statistics of new energy vehicle production and sales, output value and other indicators are only the tip of the iceberg of the huge industrial ecosystem of new energy vehicles.

She analyzed that compared with traditional fuel vehicles, the biggest advantage of new energy vehicles for consumers is high cost performance and new driving application experience. In order to maximize this advantage, new energy vehicle manufacturers spare no effort to innovate products and services, improve the level of artificial intelligence, improve supporting facilities such as charging piles, extend battery mileage, innovate power rental and battery replacement modes, and drive the formation and development of the whole industry chain from the whole vehicle to the battery, motor, electronic control, parts, applications and supporting recycling, and even the whole industry ecology such as artificial intelligence platform services, power grid operation, property and community.

Jiang Jiang pointed out that studies have shown that every 1 yuan (RMB, the same below) in the automobile manufacturing industry can drive the value added of upstream and downstream related industries by 2.64 yuan. The employment ratio of the automobile industry (including parts companies) and related industries is 1:7. On the basis of traditional fuel vehicles, new energy vehicles are further superimposed on digital platforms, energy operations, community properties and even real estate industries, and their direct and indirect contributions to related industries, macroeconomics and employment driving effects are more powerful.

The role of new energy vehicles in China's new development pattern has also attracted attention. Jiang Jiang believes that the development of new energy vehicles is not only driven by the continuous supply of technological innovation and business model innovation, but also driven by the strong demand of the market for greener, smarter, more cost-effective and application experience, and the latter can best play the unique advantages of the huge space in the Chinese market and the smooth internal and external dual circulation pattern.

Jiang Jiang said that in 2022, China's new energy vehicle market share will increase to 25.6%, and global sales will account for more than 60%. In the first seven months of this year, 7% of China's new energy vehicle sales went to the domestic market (86.389 million units), a year-on-year increase of 32.5%. 14% were sold to overseas markets (63,6 units), a y/y increase of 1.5 times. This shows that under the condition that the domestic market tends to be saturated, China's new energy vehicle industry has begun to show stronger and stronger competitiveness in overseas markets by virtue of the competitive advantages of products and services accumulated in the early stage.

It is worth noting that the advantages of new energy vehicles are not only in the product itself, but also in the supporting services of the full application life cycle. Jiang Jiang stressed that in this context, Chinese car companies that need to "go global" more need to deepen their cultivation in the international market with higher strategic thinking and better service systems, and form a qualitative leap and build new development advantages compared with the previous situation when China "going out" relies more on low-cost products. (End)