SMM News: China's new energy vehicle technology route may usher in some adjustments.

Recently, Wang Binggang, head of the national new energy vehicle innovation project expert group, revealed at the global new energy vehicle supply chain innovation conference that the 2.0 version of the "Energy Saving and New Energy vehicle Technology Roadmap" has been reviewed by experts. Wang Binggang pointed out that the overall goal of the latest new energy development technology roadmap is that energy-efficient vehicles and new energy vehicles will each account for about 50% in 2035, and the automobile industry will basically achieve electrified transformation.

The biggest change in this roadmap is that the policy loosens the policy on "hybrid", proposes that hybrid is the most effective energy-saving technology for internal combustion engine vehicles, and actively promotes the "hybrid" of traditional automobiles. including the national adoption of "electric drive" technology for new energy vehicles and traditional vehicles, using a "comprehensive electric drive plan" instead of a "fuel ban schedule" is more in line with China's national conditions.

Wang Binggang believes that comprehensive electric drive will highly integrate the industrial chain of energy-efficient vehicles and new energy vehicles. Comprehensive electric drive "eliminates the technical system boundary between traditional vehicles and new energy vehicles", and is expected to build a new overall technical framework and industrial chain layout of China's automobile industry. But at the same time, he affirmed that our country will still adhere to the pure electric drive strategic orientation unswervingly.

Prior to this, hybrid vehicle technology received little attention in the relevant policies of new energy vehicles, and pure electric vehicles were the focus of the market before. For example, in some restricted cities, PHEV (plug-in hybrid vehicles and HEV (hybrid vehicles) models are not within the scope of policy encouragement. But more and more consumers are choosing hybrids, with production and sales of new energy vehicles up 17.7% and 25.8% year-on-year in August. Among the main varieties of new energy vehicles, pure electric and plug-in hybrid vehicles also show an increase in production and sales compared with the same period last year.

Yang Jingmei, an analyst at Western Securities, believes that the future of HEV batteries is promising. According to the road map, EV and PHEV account for 15-25% of total sales in 2025, 30-40% in 2030, and 50-60% in 2035. The HEV route should make a reasonable collocation of the battery and the engine, and it is a high-rate battery with high technical barriers and a better market pattern. Its recommendation to pay attention to the existing layout of related industries Xin Wanda, Enjie shares. In intraday trading today, Xinwanda shares have reached a new high for the year.

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