Multiple New Deal Implementations to See the New Weather of China's Commercial Vehicle Industry in 2018

In 2017, China’s commercial vehicle market completed a magnificent turn with the implementation of the New Deal, the implementation of the New Deal, the upgrading of vehicle emission standards, the governance of non-compliant vehicles, and the “One Belt and One Road” strategy. It can be said that the introduction of many favorable policies has become the main driving force for the steady progress of China's commercial vehicle market.

In the favorable situation of China's commercial vehicle market, a number of new policies closely related to the commercial vehicle industry began to be implemented in 2018. So, what impact will these policies have on China's commercial vehicle market?

â– New Deal intensively covers all aspects of commercial vehicles

In simple terms, a commercial vehicle is a car used to transport people and goods, including all trucks and more than 9 passenger cars. In the entire commercial vehicle rim, the concept is mainly defined by its own use, and it is customary to classify commercial vehicles into passenger cars and trucks.

Different from the consumption attributes of passenger vehicles, the attributes of production vehicles for commercial vehicles determine that their demand has a strong correlation with national policy guidance, macroeconomic situation and fixed asset investment. Among them, the adjustment of national policies has the most profound impact. For example, the management of overloaded vehicles exceeds the limit, so that the lightweight body is sought after; the emission standards are upgraded, leading the technological innovation of complete vehicles and key component companies, and urging EGR, SCR, SSCR and other technical routes. Similarly, the tightening of environmental protection policies has also led to the rapid advancement of the new energy commercial vehicle industry. To a certain extent, the relevant policies issued by the government are an important starting point for the adjustment of the commercial vehicle market. Each implementation of the New Deal will have a profound impact on the future direction of the commercial vehicle industry.

When the commercial vehicle industry comes with a more complete transcript and goes to 2018, a new round of policies has also begun to be implemented one after another. As the most basic technical standard for the safety management of motor vehicle operation in China, GB7258 has been revised several times since it was first implemented in 1987. According to regulations, the new version of GB7258 will be implemented on January 1, 2018, replacing the version of GB7258-2012 that has been in operation for five years. As Fang Yi, deputy general manager of Hualing Xingma Automobile (Group) Co., Ltd.'s marketing branch previously stated, the new version of GB7258 appears to be the vehicle safety technology standard, but it can actually promote the upgrade of commercial vehicle manufacturing.

Followed by, there is the official implementation of the five light vehicle standards from January 1. This means that all light-duty diesel vehicles manufactured, imported, sold, and registered in the future must meet the requirements of the National Five Standards, which also means that China's commercial vehicle industry has entered the National Five-era era.

Today, the country has entered the second stage of rectification of non-compliant vehicles. According to the requirements of the new edition of GB1589, from January 1st onwards, two legitimate models of articulated-type vehicle transport vehicles and center-axle vehicle transport vehicles should be used in the transportation market. By July 1st, 2018, non-compliant vehicle transporters will be completely banned from passing and meet the requirements for standardized vehicle transportation under the “Outline Dimensions, Axle Loads, and Quality Limits of Automobiles, Trailers, and Automobile Trains” (GB1589-2016). The proportion of cars reached 100%. This shows that vehicles in the future will begin to move toward high-end and professionalization, and the elimination of non-compliant vehicles also means that a new wave of updates will soon come.

In terms of new energy vehicles, recent news said that the Ministry of Finance convened the leadership of four ministries, association experts, and representatives of major companies to discuss small-scale subsidies for new energy vehicles in 2018 and deliberately adjusted the 2019 subsidies to 2018. Implementation. In addition, the Ministry of Finance and the State Administration of Taxation issued a joint announcement on exemptions from purchase tax for new energy vehicles, saying that from January 1, 2018 to December 31, 2020, new energy vehicles purchased will be exempt from vehicle purchase tax. . The continuous adjustment of policies has resulted in the inevitable reshuffle of new energy vehicles.

In addition, the central bank continued to adjust policies related to auto loans, and the highest proportion of loans for commercial vehicles was 75%. As the commercial vehicle field most affected by policies, how to better adopt policy adjustments and adapt to market demands has become an issue that the industry has to consider.

â–  Standardize the market and drive the development of the industry

“The regulation or formulation of laws and regulations is not intended to increase market sales, but to standardize the order of trains and form a standardized industry management. Of course, policy adjustments may indirectly drive consumption upgrades, resulting in an increase in the sales volume of the commercial vehicle market.” SAIC Motor Zhong Yanyuan, marketing director of Hongyan Marketing, pointed out in an interview with a reporter from China Automotive News that the state’s adjustment of the relevant policies for the commercial vehicle industry is on the one hand hoping to form a consensus in the industry; on the other hand, it is hope The industry can develop better and faster.

Zhong Shengyuan emphasized that due to China's special national conditions, some drivers often keep vehicles at higher speeds in order to ensure the timeliness of operations, resulting in a higher incidence of road safety accidents in China than in Europe and the United States. Through the restriction of laws and regulations, it is possible to reduce the probability of accidents and make the entire commercial vehicle industry run soundly. “From a corporate perspective, the introduction of relevant laws and regulations will enable us to accelerate the pace of transformation and upgrading. Although this process is very difficult, it has greatly promoted the progress of enterprises and brought new market opportunities to enterprises. For example, last year In half a year, we started to improve our products in accordance with the technical specifications of the new GB7258. All products shipped out on January 1 this year have already met the new standards. This will also make the company more competitive in the market.” Say.

According to Zhong Weiping, Secretary General of the China Commercial Vehicles Chamber of Commerce, policies and regulations in some areas of commercial vehicles have already been implemented in the industry through administrative measures before they have become mandatory standards. He believes that the implementation of the current part of the New Deal only changes the previous executive order to a national mandatory standard, such as the fitting of an air suspension, which has already been reflected in the relevant documents.

Li Tongsheng, Minister of Culture and Sports of Zhongtong Bus Brand, frankly stated that from the current policies implemented, the impact on the passenger car industry in the short term may not be great, but it will have a far-reaching impact on the bus industry's future long-term healthy development.

"For example, the GB7258 standard focusing on safety will further enhance the operational safety of commercial vehicles in the future and will further promote the development of the commercial vehicle industry," said Li Shengsheng.

â–  Inadequate policy coherence Industry calls for careful consideration

For the new policies that began to be implemented, Zhong Shengyuan believed that in terms of the current technological development of the commercial vehicle industry, whether it is the development of new energy commercial vehicles or the application of truck single tire technology, it is still purely from the point of view of regulatory development. Lagged behind. It is often after the technology in the market has developed to a certain degree that the corresponding regulations will follow.

In response, Zhong Shengyuan suggested that the relevant laws and regulations formulated by the government should be kept in step with the development of the market. “While waiting until the time when the technology is ripe and ripe, the supporting regulations will be able to better integrate with the market. At the same time, since the policy is national, In terms of laws and regulations, we also hope that when it is implemented, we can play a game across the country so that companies can develop better, and the development of the industry is also healthier."

Zhong Shengyuan took the remediation of the carriages as an example. “Although the state has already entered the second phase of rectification of non-compliant vehicles, and will be completely banned from traffic on July 1 this year, it does not rule out the existence of some local operating methods in some areas. Non-compliant vehicles will continue to drive on the road."

In terms of new energy vehicles, Zhong Junping stressed that because subsidies for new energy vehicles involve local subsidies, this will inevitably lead to local protection problems. For example, interventions in new energy commercial vehicles are being purchased and settled in places.

In addition, Li Shengsheng stated that due to the irrational subsidy before this, a large amount of foreign capital entered the field of new energy vehicles. However, with the adjustment of the subsidy policy, the focus of the industry has gradually shifted from simply wanting to obtain subsidies to more attention to the performance of the vehicle itself, and to bring higher value products to users. Not long ago, Zhang Genfa, chairman of Shanghai Lianfu Technology Group, told reporters in an interview that he also bluntly stated that the subsidy and retreat can allow companies to return to the nature of vehicles for new energy vehicles.

“At present, the state has adjusted the technical standards for commercial vehicles and product access policies more frequently. However, in my opinion, it is advisable for policy adjustment to have a certain degree of coherence and inheritance. In this way, companies can only be involved in technology research and development and product promotion. There is better targeting. At the same time, the state should look at issues from a more diversified perspective and formulate more humane policies and regulations to promote a healthier and more sustainable development of the entire industry,” Li said.