[Ministry of Finance: specific measures for adjusting policies related to subsidies for the purchase of New Energy vehicles will be issued] the State Council's joint prevention and control mechanism held a press conference on 9 April to introduce the work of stabilizing the impact of the epidemic and expanding automobile consumption. Sun Guangqi, director of the Department of Economic Construction of the Ministry of Finance, pointed out that the Ministry of Finance, in conjunction with relevant departments, will step up the introduction of specific measures to adjust policies related to subsidies for the purchase of new energy vehicles in accordance with the procedures, stabilize market expectations, and create good conditions for the release of automobile consumption demand. At the meeting, Sun Guangqi also said that by the end of 2019, the number of charging piles in China had reached more than 1.2 million, but the number of new energy vehicles was 3.8 million. Next, we will optimize the reward and subsidy policy for charging facilities, mobilize local enthusiasm, speed up the construction process, and change the situation of more cars and fewer piles as soon as possible.
[passenger association: new energy passenger car sales fell 49.2% in March from a year earlier] on the afternoon of April 9, the federation announced car sales in the Chinese market in March 2020. Wholesale sales of new energy passenger vehicles in March were 56000, down 49.2 per cent from a year earlier and quadrupling from February. Of these, plug-in hybrid sales were 9200, down 59 per cent from a year earlier. Wholesale sales of pure electric vehicles were 47000, down 48 per cent from a year earlier. In March, sole proprietorship and joint venture new energy performance is strong, become an important force in the new energy car market. Tesla's domestic Model 3 sold 10160 vehicles in March, up 160.5 per cent from the previous month.
[Ningde Times: net profit in the first quarter is expected to be 733 million-838 million yuan from the same period last year] the net profit attributable to shareholders of listed companies in the first quarter of 2020 was 733 million yuan to 838 million yuan, down 20 to 30 percent from the same period last year. Ningde Times said in an announcement that in the first quarter of 2020, due to the impact of the new coronavirus pneumonia epidemic and the market impact, the company's installed capacity of new energy vehicles fell sharply, resulting in a decline in sales of power batteries in the first quarter of 2020. Net profit attributable to shareholders of listed companies fell from a year earlier.
Sales of BAIC New Energy fell 64 per cent in the first quarter from a year earlier. BAIC Blue Valley announced on April 9 that its subsidiary Beijing New Energy vehicles Co., Ltd. sold 5992 vehicles in March, compared with 17690 in the same period a year earlier, and cumulative sales from January to March were 9000 vehicles, down 64.10 percent from the same period last year.
[Jianghuai Automobile: sales of Pure Electric vehicles fell 69.8% in March from a year earlier] Jianghuai Automobile announced on April 9 that in March, the company sold 34068 vehicles, down 23.13% from the same period last year, of which sales of pure electric passenger cars were 1998, down 69.80% from the same period last year. Cumulative car sales from January to March were 83383, down 35.53 per cent from a year earlier, of which pure electric passenger car sales were 4926, down 67.18 per cent from a year earlier.
[Samsung SDI plans to increase the proportion of cathode materials to 50 per cent by 2030] according to foreign media reports, Samsung SDI plans to reduce costs and self-sufficiency by producing its own cathode materials and reduce its dependence on external material procurement. Samsung SDI mainly buys cathode materials from South Korean suppliers LIFF and Yumeike, and the company currently supplies 20% of its cathode materials. Samsung SDI plans to increase its cathode material self-sufficiency to 50% by 2030, and to that end, the company has appointed the head of its ESS business team to lead its cathode manufacturing division, STM. At the same time, Samsung SDI will form a joint venture with South Korean cathode material supplier ECOPRO BM to produce the next generation of cathode materials.
[new energy and intelligent vehicle industry in Sichuan Province] A total of 120000 new energy vehicles will be promoted in Sichuan Province. Recently, Sichuan Province issued the "work points of New Energy and Intelligent vehicle Industry in 2020" (hereinafter referred to as "work points"). Speed up the development of new energy and intelligent vehicle industry. The "main points of work" are clear: in 2020, the focus will be on speeding up the upgrading and transformation of leading backbone enterprises, promoting the high-quality development of new energy and intelligent vehicle industries in Sichuan Province, and building new energy vehicles with national influence, especially hydrogen fuel cell vehicle products. We will promote the China-Germany cooperation intelligent network automobile and vehicle networking project to achieve phased results, build a closed test yard, and strive to achieve the production of 35000 new energy vehicles in the province. It increased by 10% over the same period last year, and the total number of new energy vehicles popularized and applied reached 120000.
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