The European Chamber is pleased to invite you to the next Auto Components Working Group Meeting in Shanghai office, which will take place 28th April at 10:00 am. At the meeting, Mr. Jochen Siebert, Managing Director, JSC Automotive will deliver a presentation on NEV regulatory development and Policy Analysis in China Market. The presentation will be followed by a Q&A session and an interactive discussion will include the impact of the regulation (CAFC, Carbon Credit Scheme, China 6a) on the various strategies of the carmaker.
According to the statistics of MIIT, the production and sales volume of 2016 China's NEV reached 517,000 and 507,000(Source: China Association of Automobile Manufacturers). It is the second year that China has been the biggest market for NEV. In 2016, 100,000 new public charging facilities have been constructed, 10 times than in 2015. At the same time, China's NEV technology has been significantly improved. At present, the power density of battery has increased by 1.7 times compared to 2012, and the price dropped by 60%.
However, in January 2017, the sales volume of NEV falls to 11,000, falling month-on-month by 88%. The sales volume of NEV only accounted for 0.69% of the overall passenger vehicle market, which is the smallest percentage since 2016 second half year. Many vehicle manufacturing enterprises are hesitated in face of the introduction of new policies on NEV subsidies, carbon emission credit, and CAFC. What is the goals of these policies, how much will it affect the strategy of NEV manufacturing enterprises, and how should NEV enterprises tackle this situation?
Tentative Agenda
1. Presentation by Mr. Jochen Siebert on NEV regulatory development and Policy Analysis in China Market
2. Q&A and discussion
3. Any other business