Interpretation of the Double-Point New Deal: Reducing Bicycle Points, Strengthening and Strengthening the New Energy Industry-Reprinted

On June 22, the Ministry of Industry and Information Technology, the Ministry of Finance and other five departments issued the \"Decision on Amending the \"Parallel Vehicle Enterprise Average Fuel Consumption and New Energy Vehicle Points Concurrent Management Measures\"\" (hereinafter referred to as \"\"Double Points New Deal\"). It will take effect on January 1, 2021.

Compared with the \"Double Points Method\" released in September 2017, this time \"Double Points New Deal\" made a number of adjustments, in addition to clarifying the 2021-2023 new energy vehicle points ratio, increased the traditional guide Measures to save energy in vehicles have eased carry-over standards, loosened up multinational automakers and small models, and improved flexibility measures for the integration of new energy vehicles.

Statistics from the Ministry of Industry and Information Technology show that the double-point method has achieved substantial progress in the past two years. In 2019, my country's new energy passenger vehicles achieved sales of 1.06 million units, ranking first in the world for five consecutive years, and the actual value of the industry's average fuel consumption reached 5.5L/100km, down more than 10% from 2016. The relevant person in charge of the Ministry of Industry and Information Technology said that the implementation of the \"double point approach\" has effectively promoted industry technological innovation and the production and promotion of new energy vehicles, and basically achieved the expected goals. However, there are also problems such as the urgent need to update technical standards, insufficient investment in fuel-efficient technologies for fuel vehicles, and imbalance in the supply and demand of the points trading market. This is also the reason for the revision of the \"Double Points Method\" in this round.

So, what changes will these adjustments of the Double Integral New Deal bring to China's new energy vehicle industry?

Core tips:

1. The calculation methods of the three types of new energy passenger cars have been adjusted, the bicycle points have fallen, and the technical threshold is higher. Encourage the expansion of new energy vehicle production scale and help the new energy industry strengthen.

2. Encourage low-fuel consumption passenger cars and clarify the preferential rules for point accounting, and include alcohol-ether fuel passenger cars into the accounting scope, and guide traditional fuel models to save energy and reduce emissions.

3. Adjusted the identification conditions of affiliated enterprises, and provided certain preferential measures for the accounting of fuel consumption points of small-scale enterprises, so as to reduce the burden on foreign-funded automobile enterprises and small automobile enterprises.

4. Increase the requirement of new energy vehicle points from 8%, 10% and 12% in 2018-2020 to 14%, 16% and 18% in 2021-2023.

5. The positive points of new energy passenger vehicles can be carried forward within three years. With the mandatory assessment of the integration of new energy vehicle points and the tightening of fuel consumption requirements, the points are expected to further exert market adjustment value.

Reducing bicycle points, helping to improve and strengthen the new energy industry

The Double Integral New Deal has adjusted the integral calculation methods for pure electric passenger vehicles, plug-in hybrid passenger vehicles and fuel cell passenger vehicles. Overall, the bicycle points of the three types of new energy passenger vehicles have declined. At the same time, the accounting requirements for new energy passenger vehicle models are more stringent, and the new energy industry will be further strengthened and strengthened.

Previously, the points of pure electric vehicles (BEV) were mainly judged based on the cruising range, and the power consumption met the condition with a factor of 0.5/1/1.2 times, and the upper limit of bicycle points was 5 points, that is to say, most pure electric vehicles at the time When the working condition reaches 350km, you can get 5 points.

In the double integration New Deal, pure electric passenger car model points = standard model points × driving range adjustment factor × energy density adjustment factor × power consumption adjustment factor. Among them, the standard model points for models with a battery life of more than 150km = 0.0056XR+0.4. The standard model points for pure electric passenger vehicles with the same battery life will be reduced by more than half than before, and the upper limit of points will be reduced to 3.4 points. At the same time, the New Deal requires comprehensive consideration of the vehicle's endurance level, vehicle power consumption level, battery energy density and other factors, and puts forward higher requirements for the technical threshold of pure electric vehicles.

It can be seen from the calculation formula that when the cruising range of a pure electric passenger car is less than 100km and the mass energy density of the power battery system is less than 90Wh/kg, no car type points will be obtained. At the same time, after the cruising range is greater than 300km and the energy density of the battery system is greater than 125Wh/kg, the adjustment factor is fixed at 1, and there will be no additional bonus.

In terms of power consumption adjustment coefficient, the maximum speed of a pure electric passenger car in 30 minutes is not less than 100km/h. According to different curb weight (m, kg), set the target value (Y) of electric energy consumption of pure electric passenger cars. The target value of electric energy consumption of pure electric passenger cars: when m≤1000, Y=0.0112×m+0.4; when 1000

If the power consumption of the vehicle model meets the target value of the power consumption, the power consumption adjustment factor (EC coefficient) is the target value of the vehicle's power consumption divided by the actual value of the power consumption (the upper limit is 1.5 times); the EC coefficient of the other vehicle models is calculated by 0.5 And the points can only be used by the company.

In general, the points of pure electric passenger car models have decreased significantly. To obtain more points, car companies need to expand the production scale and make the actual power consumption of the models more in line with the target value. At the same time, the mileage and battery energy density requirements have thresholds and upper limits. Car companies do not have to excessively pursue high battery life and high density, and they can use more energy to control the quality and safety of vehicle models.

In terms of fuel cell passenger vehicles, the standard vehicle model points are: 0.08×P, where P is the rated power of the fuel cell system in kW. The points of a fuel cell car with the same rated power are also reduced by half compared to the previous one, but the upper limit of points has been increased from 5 to 6 points. Car companies need to increase the rated power of the fuel cell system to get more points.

The Double Integral New Deal requires that the driving range of fuel cell passenger cars should not be less than 300km. When P is not less than 30% of the rated power of the drive motor and not less than 10kW, the model points are calculated as 1 times the standard model points; other models The points are calculated based on 0.5 times the standard model points, and the points are only used by the company.

The plug-in hybrid electric vehicle (PHEV)'s bicycle score is reduced by 20% to 1.6 points from the previous 2 points. Compared with the above two types of new energy products, the PHEV score is lowered by a small amount. The industry believes that this reflects reasonable support for PHEV.

Zhang Jinhua, executive vice chairman and secretary general of the China Association of Automobile Engineers, believes: \"Reducing the score of a single car appropriately and linking it with its technological level, such as power consumption and the advanced level of power batteries, thus optimizing the new energy vehicle bike Value assignment helps to promote the technological progress of our industry.

Guide energy saving and emission reduction of traditional fuel energy vehicles

It is worth mentioning that the \"Double Points\" New Deal encourages increased investment in research and development in the field of traditional fuel energy to achieve coordinated development of energy-saving and new energy vehicles.

\"Double Points\" The New Deal put forward the concept of low fuel consumption passenger cars and clarified the preferential rules for point accounting. The production volume from 2021 to 2023 is calculated as 0.5 times, 0.3 times, and 0.2 times the number. The Ministry of Industry and Information Technology said that considering the fact that the requirements for fuel consumption standards have been tightened year by year, the technical difficulty and cost of models that meet low fuel consumption standards have gradually increased, and the preferential intensity has increased year by year.

The so-called low fuel consumption passenger car refers to the traditional fuel passenger car whose comprehensive fuel consumption does not exceed the amount required by the company's average fuel consumption in the accounting year. This policy will bring a certain boost to the development of high-price but more energy-efficient hybrid models. Many MHEV light-hybrid products need to meet the certification standards for low fuel consumption models, and many require further technical upgrades.

In recent years, Japanese car companies such as Toyota and Honda have taken the lead in hybrid technology, and Geely has also launched HEV models. If low-fuel-consumption passenger cars are made into mass-volume products, the number of new energy vehicles that companies need to produce will be correspondingly reduced by half, or even as much as 5 times.

In addition, the Double Integral New Deal included passenger vehicles of alcohol ether fuel for the first time in the accounting scope. The inclusion of alcohol ether fuel passenger cars and low fuel consumption passenger cars in the scope of accounting will increase the enthusiasm of car companies to promote energy-saving and emission-reduction traditional products, prevent excessive development of new energy vehicles, abandon fuel vehicles to reduce fuel consumption, and encourage Car companies are actively developing cars with various powertrains.

Loosening foreign car companies and small car companies

Along with the development of new energy passenger vehicles and the energy conservation and emission reduction of traditional energy vehicles, the double-point new policy also proposed support measures for the average fuel consumption points of foreign-funded enterprises.

According to the \"Double Points\" previously announced by the Ministry of Industry and Information Technology, of the 27 imported car companies in 2019, only Tesla, FAW Import and Export, Porsche and Chrysler received positive points. In addition, almost all of the top ten companies with negative points for new energy vehicles in passenger car companies are large joint ventures.

The Double Credits New Deal stipulates that the transfer of average fuel consumption credits between joint ventures owned by the same foreign parent company, domestic automobile enterprises and the authorized import supply enterprises corresponding to the overseas production enterprises they hold shares can be transferred. Among them, increase the number of domestic passenger car manufacturers that directly or indirectly hold over 25% of the shares of overseas passenger car manufacturers.

Adjusted the conditions for the identification of affiliated companies, which is undoubtedly good news for foreign-funded auto companies with huge production and sales.

\"Foreign car companies enter the domestic market, the relevant departments have a supportive attitude.\" The relevant person in charge of the Ministry of Industry and Information Technology revealed that the \"Double Points\" policy will not become a barrier to hinder foreign car companies from entering China.

In addition, for domestic passenger car production enterprises with annual production of less than 2,000 vehicles and independent production, R&D and operation, imported passenger car supply enterprises authorized by overseas passenger car production enterprises with an import volume of less than 2,000 vehicles, the Double Points New Deal It was also \"unbonded\".

The New Deal stipulates that if the average fuel consumption of such enterprises from 2021 to 2023 has dropped by more than 4% compared with the previous year, the standard value is the average fuel consumption of the enterprises specified in \"Evaluation Methods and Indicators of Passenger Car Fuel Consumption\" Based on the quantity requirement, the relaxation rate will be 60%; if it falls by more than 2% and less than 4%, the compliance value will be relaxed by 30%.\"Before, the average fuel consumption of the enterprise decreased by more than 3% and less than 6% from the previous year. Relax by 30%.

Stimulate the vitality of the new energy vehicle market

The Double Point New Deal stipulates that the percentage requirements for new energy vehicles will be increased from 8%, 10%, and 12% in 2018-2020 to 14%, 16%, and 18% in 2021-2023.

According to the Ministry of Industry and Information Technology, the integral ratio is calculated on the basis of overall consideration of the basic balance of positive and negative integrals in the industry, meeting the fifth stage fuel consumption standards and achieving the established industrial development goals. According to the requirements of this ratio, it can basically guarantee the realization of the planning goals of \"the average fuel consumption of new passenger cars will reach 4.0 liters per 100 kilometers by 2025, and the proportion of new energy vehicle production and sales will reach 20% of the total number of vehicles.\"

This means that in the future, if auto companies want to achieve the \"double points\" standard, the proportion of new energy car points needs to be increased accordingly. With the decline in bicycle points, expanding the production scale of new energy products has become an inevitable choice. The industry believes that this is also to suppress the decline in the production of new energy vehicles due to the subsidy withdrawal.

In addition to increasing the requirements for new energy vehicle points, the Double Point New Deal also stimulates the vitality of the new energy vehicle market through the transfer of points within three years.

The double-point new deal will change the previous \"positive points of new energy vehicles can not be carried forward, but the positive points of new energy vehicles generated in 2019 can be carried forward in equal amounts for one year\" to be modified to: the positive points of new energy vehicles of passenger car companies can be based on this The measures are free to trade and carry forward in accordance with regulations, and the carry-over period shall not exceed three years. Among them, the positive points of new energy vehicles in 2019 can be carried forward in equal amounts for one year; the positive points of new energy vehicles in 2020, each time carried forward, the carry-forward ratio is 50%; the average fuel consumption of passenger car companies in 2021 and subsequent years If the ratio of the actual value (only the traditional energy passenger car is calculated) to the standard value is not higher than 123%, it is allowed to carry forward the positive points of the new energy vehicles generated in the current year, and the carry-over ratio is 50% for each carry-over. The positive points of new energy vehicles generated by passenger car companies that only produce or import new energy vehicles are carried forward at a rate of 50%.

In the face of the adverse impact of the new crown pneumonia epidemic on the development of the automotive industry, the Double Point New Deal also reserved adjustment space for the evaluation of points in 2019 and 2020, decided to extend the compensation period, and stipulated that passenger car companies can use 2021 to generate Of the new energy vehicle positive points will compensate for the new energy vehicle negative points generated in 2020.

The regulations carried over within three years have solved the problem of the short validity period of the previous version of content points and helped to promote new energy point transactions.

In the implementation process of the previous version of the double-point approach, there was a situation where the supply of points exceeded demand and the price of points was low, which did not provide sufficient guidance for the development of the new energy vehicle industry. The relevant person in charge of the Ministry of Industry and Information Technology said that the reasons are many: first, there is no requirement for the assessment of the proportion of new energy vehicles in 2018 and previous years, and all new energy vehicles produced by the company produce positive points, resulting in more positive points; second The technological development of the industry has made rapid progress, the driving range of models has continued to increase, and the model score has correspondingly increased. The average score of new energy bicycles in 2018 reached 3.9 points, an increase of about 30% from expectations, further increasing the supply of new energy vehicles. It is a phenomenon that some enterprises consider low-price transactions in consideration of cooperation factors such as technology and business. The revision of the \"Points Method\" fully considered this situation. After the implementation of the release, with the mandatory assessment of the proportion of new energy vehicles and the further tightening of fuel consumption requirements, the supply and demand situation in the point market will be significantly improved, and the transaction price will be sufficient. Reflect the market value and stimulate the vitality of the industry to develop energy-saving and new energy vehicles. In this regard, most companies have expected that the \"Points Method\" promotes the development of energy-saving and new energy automotive industry market-oriented regulatory role will be significantly enhanced.

Conclusion: It has been open for public consultation twice for nearly a year. As a major policy to take over the subsidy of new energy vehicle subsidies, the Double Integral New Deal is of great significance to the structural adjustment and transformation of the automobile industry.

On the whole, the Double Point New Deal is aimed at the development of new energy vehicles and encouraging the energy-saving and emission reduction of traditional fuel vehicles. This will help car companies better through the transition period and prevent the phenomenon of relying on the development of new energy vehicles and giving up fuel vehicles to reduce fuel consumption.

At the same time, policies that encourage new energy products to expand production capacity, high-quality development, and stimulate the vitality of points trading will undoubtedly bring new development momentum to the declining new energy market. At the same time, the value of the point transaction will be further improved, and it is also expected to further play its own regulatory role to promote the better development of the new energy industry.