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From September 1 to buy a new energy vehicle purchase tax-free
At 10:39 on August 18, 2014 Source: Evening participate in interactive ( 0 )http://i3.chinanews.com/2011/news/images/1.png
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Special correspondent He Xianjun
Recently, the Ministry of Finance, State Administration of Taxation, the Ministry of Industry issued a "new energy vehicles exempt from vehicle purchase tax notice," announced that from September 1, 2014, to December 31, 2017, for the purchase of new energy Car exempt from vehicle purchase tax.
This indicates that, when you buy new energy vehicles will further reduce costs.
So this policy after landing, what will be the new energy vehicle market Jinhua reaction?
Reporters learned that the current market in Jinhua sell new energy vehicles mainly divided into two categories. One is the means of electric vehicles, such as small electric Condi run. There is a class San Xiangshi electric cars, such as Chery, Toyota Camry.
But apart from small electric Condi ran more favorable, the other models most prices between 150,000 to 200,000 yuan. After removal of state subsidies for individuals to purchase new energy-related vehicles, these new energy vehicles are priced at more than 100,000 yuan, the price is high.
But from the perspective of cost, the cost of hybrid vehicles and pure electric vehicles than by automobile gasoline is much lower, and more environmentally friendly. Usually a pure electric car consumption per hundred kilometers 20 degrees to 30 degrees, according to 1200 km per month, electricity above 360 ??degrees, if by 0.52 yuan / kWh basis, electricity bill of around 187.2 yuan. The same displacement hybrids, standard fuel consumption by 4.3 liters / 100 km calculations, using a No. 93 gasoline oil costs 7.64 yuan / liter basis, fuel costs 394.2 yuan.
In addition, in accordance with the relevant tax policy, at present, the purchase tax is generally made of new energy vehicles is 10% after deducting the VAT amount is calculated as the car purchase tax = fat fare /1.17×10%. Buy a car, purchase tax at more than 10,000 yuan.
New energy vehicles are exempt from purchase tax after implementation of the program, which is more than 10,000 yuan also be able to free down.
The obvious advantage of new energy vehicles.
Despite the obvious advantages, but the market reaction about new energy vehicles in Jinhua, Deputy Secretary-General ??? City Automobile Dealers Association has said: Quote, like a general, everyone is not too adapt.
"Just ??? little electricity to run it, a charge can only run within 100 kilometers, Yiwu back and forth will not work. Still finished in Yiwu red power to come back, many people are too inconvenient." ??? said.
In addition, reporters from Jinhua several new energy automobile sales company learned that the current best selling new energy vehicles is Condi small electric run.
"Close travel very convenient, and cheap, to remove state subsidies of 20,000 yuan, 30,000 yuan to pay their own long enough." Golden ??? new energy flagship store staff said in their store, small electric light Condi run, will be able to sell a few hundred cars a month.
As for consumer reaction after exempt from purchase tax, industry insiders and industry experts are not optimistic.
"Because of the charging facilities are conveniently perfect, directly affects the purchase intentions of new energy vehicle owners and driving experience." ??? said.
However, the reporter learned from the electricity sector, the current standard Jinhua has built filling station 6, the battery distribution station 6, 17 for power plants, urban form a 2.5 × 2.5-kilometer charging facilities for electric grid layout. In Yongkang, Yiwu, Lanxi other counties built electric vehicle charging network for electric service, electric vehicles achieve "inter-county networking."
Expected in 2015, Jinhua will build filling station 5, for 12 stations, bus stations a special charge, charging pile 110. Build 15 energy-saving and new energy vehicle service outlets, a "town 10 minutes, suburb 20 minutes' charging for electric service circle.
Gold ??? Commission official said that the current Jinhua already in the zone to start building new energy automotive industry park, with the addition of new energy vehicles, government policies will also increase spending on subsidies and infrastructure.
"With the completion of these infrastructure, coupled with the purchase tax exempt, we enthusiasm for new energy vehicles will become increasingly high." ??? said.
The First 208 Kandi Brand Electric Vehicles Were Delivered to Launch Shanghai Car-Share Program
Jinhua, China--(Newsfile Corp. - August 18, 2014) - Kandi Technologies Group, Inc. (Nasdaq GS: KNDI) (the "Company" or "Kandi"), today announced that the first 208 Kandi brand electric vehicles ("EV") were delivered as the official launch of Shanghai Jinshan public pure EV sharing program (the Shanghai Jinshan "Car-Share" Program) and Long-term Group Leasing Program. On August 14, 2014, ZuoZhongYou (Shanghai) Electric Vehicle Service Co., Ltd. ("ZZY-Shanghai"), which was formally established on June 16, 2014 in Shanghai by Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. (the "Service Company" or "ZZY") hosted a launching ceremony at Jinshan District in Shanghai. All of 208 EVs were sent to rental stations in Zhu Jing, Shi Hua, Feng Jing and Ting Lin, four towns at Jinshan for users’ immediate use.
As previously announced on April 14, 2014, Mr. Ma Jing the Deputy Director of Electric Vehicles Development from the Shanghai Municipal Commission of Economic and Information Technology and his delegation group visited Kandi Electric Vehicles (Shanghai) Co., Ltd. ("Kandi Shanghai")’s production base and initiated Shanghai Public EV Sharing System Pilot Project. During the visit, Mr. Ma Jing laid out the targeted plan for the delivery of 3000-5000 Kandi Brand pure EVs by the end of 2014.
"The official launch of Shanghai Jinshan Car-Share Program has demonstrated the expansion of Hangzhou Car-Share Program into other major cities in China as the most preferred business model for EV development. We anticipate to see more and more cities adapting the Car-Share Program and Long-term Group Leasing Program in the near future." Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi Technologies, commented.
About the Car-Share Program
Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. ("ZZY") is the first in market to initiate the public pure EV sharing program (the "Car-Share" Program). Kandi Technologies, through its 50% ownership interest in Kandi Electric Vehicles Group Co., Ltd. (the "JV Company"), indirectly holds a 9.5% interest in ZZY.
Individually driven pure EVs are used in the Car-Share Program. The charging/parking stations which provide a variety of services, such as charging, maintenance, battery recycling, are located at airports, train stations, hotels, business centers, selected residential areas and other places that are typically congested. A network system provides EV rental service to individual drivers in and around the city. It also provides EV maintenance and battery charging to self-service users. Lastly, a tracking system allows the Car-Share Program management to keep a close watch at the status and precise location of each vehicle.
This Car-Share Program model has been implemented in Hangzhou since the second half of 2013, and has now begun to expand into other major cities in China.
The Group Long-term Lease Project is a lease model that uses enterprise, community or village as a lease unit and each unit leases a minimum of 100 EVs with a group lease term at a minimum of three years.
About Kandi Technologies Group, Inc.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI), headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicles. Kandi has established itself as one of the world's largest manufacturers of pure electric vehicle (EV) products, Go-Kart vehicles, and tricycle and utility vehicles (UTVs), among others. More information can be viewed at its corporate website is http://www.kandivehicle.com. Kandi routinely posts important information on its website.
At 10:39 on August 18, 2014 Source: Evening News
Special correspondent He Xianjun
Recently, the Ministry of Finance, State Administration of Taxation, the Ministry of Industry issued a "new energy vehicles exempt from vehicle purchase tax notice," announced that from September 1, 2014, to December 31, 2017, for the purchase of new energy Car exempt from vehicle purchase tax.
This indicates that, when you buy new energy vehicles will further reduce costs.
So this policy after landing, what will be the new energy vehicle market Jinhua reaction?
Reporters learned that the current market in Jinhua sell new energy vehicles mainly divided into two categories. One is the means of electric vehicles, such as small electric Condi run. There is a class San Xiangshi electric cars, such as Chery, Toyota Camry.
But apart from small electric Condi ran more favorable, the other models most prices between 150,000 to 200,000 yuan.After removal of state subsidies for individuals to purchase new energy-related vehicles, these new energy vehicles are priced at more than 100,000 yuan, the price is high.
But from the perspective of cost, the cost of hybrid vehicles and pure electric vehicles than by automobile gasoline is much lower, and more environmentally friendly. Usually a pure electric car consumption per hundred kilometers 20 degrees to 30 degrees, according to 1200 km per month, electricity above 360 ??degrees, if by 0.52 yuan / kWh basis, electricity bill of around 187.2 yuan. The same displacement hybrids, standard fuel consumption by 4.3 liters / 100 km calculations, using a No. 93 gasoline oil costs 7.64 yuan / liter basis, fuel costs 394.2 yuan.
In addition, in accordance with the relevant tax policy, at present, the purchase tax is generally made of new energy vehicles is 10% after deducting the VAT amount is calculated as the car purchase tax = fat fare /1.17×10%. Buy a car, purchase tax at more than 10,000 yuan.
New energy vehicles are exempt from purchase tax after implementation of the program, which is more than 10,000 yuan also be able to free down.
The obvious advantage of new energy vehicles.
Despite the obvious advantages, but the market reaction about new energy vehicles in Jinhua, Deputy Secretary-General ??? City Automobile Dealers Association has said: Quote, like a general, everyone is not too adapt.
"Just ??? little electricity to run it, a charge can only run within 100 kilometers, Yiwu back and forth will not work. Still finished in Yiwu red power to come back, many people are too inconvenient." ??? said.
In addition, reporters from Jinhua several new energy automobile sales company learned that the current best selling new energy vehicles is Condi small electric run.
"Close travel very convenient, and cheap, to remove state subsidies of 20,000 yuan, 30,000 yuan to pay their own long enough." Golden ??? new energy flagship store staff said in their store, small electric light Condi run, will be able to sell a few hundred cars a month.
As for consumer reaction after exempt from purchase tax, industry insiders and industry experts are not optimistic.
"Because of the charging facilities are conveniently perfect, directly affects the purchase intentions of new energy vehicle owners and driving experience." ??? said.
However, the reporter learned from the electricity sector, the current standard Jinhua has built filling station 6, the battery distribution station 6, 17 for power plants, urban form a 2.5 × 2.5-kilometer charging facilities for electric grid layout. In Yongkang, Yiwu, Lanxi other counties built electric car charging for electric service network of electric vehicles, "inter-county networking."
2015, Jinhua will build filling station 5, for 12 stations, bus stations a special charge, charging pile 110. Build 15 energy-saving and new energy vehicle service outlets, a "town 10 minutes, suburb 20 minutes' charging for electric service circle.
Gold ??? Commission official said that the current Jinhua already in the zone to start building new energy automotive industry park, with the addition of new energy vehicles, government policies will also increase spending on subsidies and infrastructure.
"
China: Recent Development in China’s New Energy Auto Industry and M&A of Foreign Investors
Last Updated: 17 August 2014
Article by George ZHAO and Dai Mu
King & Wood Mallesons
In China, the new energy automobiles (NEAs) are currently defined as vehicles utilizing advanced technical know-how, new technologies and new structures, which use unconventional vehicle fuel as the power source (or conventional vehicle fuel but new in-vehicle power devices). The NEAs are defined as vehicles that integrate advanced technologies in power control, including hybrid electric vehicles, battery electric vehicles (BEV, including solar energy vehicles), fuel cell electric vehicles (FCEV), hydrogen engine vehicles, other new energy vehicles (e.g., efficient energy storage device and methyl ether), and products enumerated in China's industrial policies1.
NEAs are of tremendous significance to the sustainable development of China's auto industry, contributing to the alleviation of environmental and resource burdens, and the enhancement of national competition2 at a global level3. In accordance with applicable Chinese industrial policies and economy development plans, NEAs are considered as: (1) an important part of China's auto industry, under which strict legal restrictions4 and limitations5 are imposed on foreign investment, from design, manufacture to sales; (2) strategic emerging industry in China6, receiving governmental preferential treatment regarding tax and financing7; also a critical path8 to realizing national energy conservation and emission reduction goals9; and (3) involving various other fields such as R&D10, manufacturing, supporting facilities, and power battery recycling, each of which is subject to different regulatory regimes in China that investors should beware of.
Market access for foreign investment in NEA industry
Foreign investors intending to acquire domestic NEA companies shall be subject to the statutory requirements set out in the relevant industrial policies. According to the Catalogue of Industries for Guiding Foreign Investment, NEA components (i.e. power battery) belong to encouraged investments. However, foreign investors may only set up joint ventures with Chinese partners and foreign investors' equity in the joint ventures may not exceed 50 percent. At the same time, manufacturers must comply with the requirements set out in the Policy on Development of the Automotive Industry and the Rules on the Production, Admission, and Administration of New Energy Automobiles. In order to manufacture NEAs, foreign-invested enterprises shall obtain admission qualifications for both the enterprise and final products.
The overall regulatory environment of China's automobile industry can be characterized as follows: the government restricts investments in whole vehicle manufacturing, while encouraging investments in auto parts and components manufacturing. With respect to foreign investment in the NEA sector, besides the equity restrictions imposed on power battery manufacturing joint ventures, critical parts and components manufacturing is permitted for wholly foreign-owned enterprises. According to the State Council's Catalogue of Investment Projects Subject to Government Verification (2013 Version), new projects for components manufacturing are only subject to the filing procedures and no longer require governmental verification. Since the motors of NEAs are different from traditional engines, they need to meet the new national technical standards for electric motors11.
However, since the 2004 amendments to the Catalogue of Industries for Guiding Foreign Investment, the whole vehicle manufacturing industry is no longer a category for encouraged investments and now receives strict regulatory oversight. Foreign capital entering into the NEA manufacturing sector must be in the form of joint ventures and Chinese equity interest shall not hold less than 50 percent of the registered capital. When foreign investors intend to enter the Chinese market via acquisitions, they are not allowed to invest in more than two joint venture manufacturers that produce vehicles in same category12. Investors should note that, new NEA manufacturing is allowed only if it has been approved by the Ministry of Industry and Information Technology of the PRC ("MIIT"). If newly-established vehicle enterprises or existing vehicle enterprises intend to produce other types of NEAs beyond their existing product line, they shall first go through the verification or filing procedure for new projects in accordance with the regulatory requirements for such investment13.
National security review
For the time being, China's national security review of foreign investments is led by the Ministry of Commerce ("MOFCOM") and the National Development and Reform Commission ("NDRC"), and is mainly administered through the Inter-Ministerial Joint Meeting. According to the Interim Provisions on the Takeover of Domestic Enterprises by Foreign Investors, Notice on the Establishment of the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors and other regulations, foreign investment in the following sectors shall be subject to national security review: investment in "key industries", industries that "may affect national economic security", enterprises that " have well-known trademarks or time-honored brands", and enterprises " that involve important agricultural, energy and resources, infrastructure, transportation services, key technologies, critical equipment manufacturing, etc. "
As NEA manufacturers must satisfy the equity ratio limitations set out in the industrial policies, the foreign acquisition of equity interests in Chinese auto makers may trigger national security reviews. In designing a deal structure, investors shall bear in mind the likelihood of obtaining such regulatory approvals. At the same time, foreign investors shall carefully consider the appropriate acquisition form (i.e. spin-off, reorganization) and shareholding structure on the basis of the evaluation of a target company's outstanding debt and risks in taxation as well as in other areas.
According to the Catalogue of Key Technology and Products subject to Independent Intellectual Property Rights14, NEA, its key parts and its supporting facilities are classified as technologies that are significant to economic development, industry upgrading and national security. In the event of foreign acquisitions of the above-mentioned technologies, equities or assets, national security review will potentially be triggered15. Since key parts of new energy vehicles are not clearly defined in the above-mentioned catalogue, relevant authorities will use their discretion in determining whether a proposed transaction is subject to such a review. For transaction parties, it is necessary to make suitable arrangements with the Chinese partners in terms of technology center setup, patent licensing and trade secrets protection.
Preferential policies for foreign investment
At the national level, NEA enterprises as well as NEA products will be subject to the catalogue management regime ("Catalogue of Recommended Models for the Project of Energy Conservation and New Energy Automobile Demonstration", "the Catalogue"). Chinese government conducts dynamic management on vehicles and enterprises in the Catalogue: the industry regulatory authority will conduct sample tests of listed autos to verify their real-time operation status in pilot cities, and remove unqualified NEA products and their manufacturers16. Only listed ones may enjoy governmental subsidies.
According to the Notice on Further Carrying Out the Promotion and Application of New Energy Automobiles17 released in 2013, which clearly states "the scope of the vehicles which enjoy central government subsidies should be limited to pure electric vehicles, plug-in hybrid vehicles and fuel cell vehicles". Furthermore, when calculating the average fuel consumption, the NEA emissions are largely based on the foregoing three types. The subsidy policies enjoyed by foreign investors engaged in the production of NEAs would be identical to those enjoyed by domestic manufacturers.
At the local level, the pilot cities adopted local financial subsidy policies to support this industry. For example, Beijing's local policy clearly demonstrates that the product range of demonstration of the new energy minibus will be limited to the scope of the Catalogue18. Beijing also introduced a series of "Beijing Municipal Catalogue for New Energy Minibus Models and Manufacturers". According to the provisions of the Municipal Rule on Subsidy Management, only the new energy minibus listed in Beijing's local catalogue may enjoy subsidiary funds from the Beijing government. The Shanghai Economic and Information Commission also introduced its own catalogue series (Shanghai Municipal Catalogue for new energy minibus models and manufacturers), such that only the products and enterprises included in this catalogue could enjoy Shanghai's preferential policies. According to a recently released regulation19 by State Council, "local variants" of the NEA catalogue will be replaced by a national one.
NEA promotions and encouragement
As the government policy of auto procurement shows its preference towards NEAs, relevant manufacturers may adjust their existing product lines to seize such opportunity. According to the Circular on Continuing Launching the Promotion and Application of New Energy Automobiles jointly released by MOF, MOST, MIIT and NDRC, the requirements for pilot cities and areas shall include: during 2013-2015, the cumulative amount of NEAs should not be less than 10,000 in mega-cities or the key areas, and the cumulative number for other cities or regional areas should not be less than 5,000; government agencies, public institutions and other departments shall take NEAs as a prior option for procurement; and, the ratio of newly procured or upgraded NEAs in public transportation, official service, the logistics industry, and sanitation services shall not be less than 30 percent of the total procurement20.
NEAs will create a huge impact on public transportation and car rental industry. According to the Circular on Initiating Pilot Subsidy Program of Purchasing New Energy Auto for Individual Use jointly released by MOF and MOFCOM, enterprises engaged in car rental and power battery rental will enjoy central government subsidies just as individual purchasers of NEAs, from which the customers can benefit the subsidized price. According to available online information, the Shanghai Transportation Committee recently launched a research project on NEAs in Shanghai's car rental market. The low renting and running cost of NEAs helps raise awareness among consumers of this type of cars and thereby helps increase its popularity. Also, Beijing, Hefei (in Anhui province), and other China cities have purchased large numbers of NEAs for taxi companies. This is undoubtedly a great development for the NEA industry.
Conclusion
For foreign enterprises intending to enter China's NEA industry, a more realistic transactional path is to form joint ventures with existing domestic automobile manufacturers or to make equity and asset acquisitions. In terms of green field investment in NEAs and parts manufacturing, foreign investors can enjoy the commensurate preferential policies with domestic enterprises in many areas. However, in order to realize synergies from acquisitions and ensure success in the NEA business, foreign investors need to be aware of the legal risks, regulatory requirements, and technical standards governing the design, production, sales and maintenance of NEAs in China.
Footnotes
1Access Management Rules for New Energy Vehicle Production Enterprises and Products released by Ministry of Industry and Information Technology, effective as of July 1, 2009
2Circular on Guidance Opinions of Expediting and Cultivating Superiority Position in International Cooperation and Competition released by the General Office of State Council, effective as of May 24, 2012
3Notice of the State Council on Issuing the Planning for the Development of the Energy-Saving and New Energy Automobile Industry released by State Council, effective as of June 28, 2012
4Such policies may include PRC regulations on Auto industry development plan, foreign investment in auto industry, auto taxation, auto financial and credit services, etc.
5Circular on Opinions of Adjustment to Auto Industry Structure released by NDRC, effective as of December 20, 2006
6Decision on Accelerating the Fostering and Development of Strategic Emerging Industries released by State Council, effective as of October 10, 2010
7Guiding Opinions on Further Doing a Good Job in Supporting the Restructuring and Revitalization of Key Industries and Curbing Overcapacity in Some Industries through Financial Services jointly released by PBOC, CBRC, CSRC and CIRC, effective as of December 22, 2009
8Notice on Issuing the Energy Conservation and Emission Reduction Plan during the "Twelfth Five-Year Plan" Period released by State Council, effective as of August 06, 2012
9Industrial action plan to address climate change (2012-2020) jointly released by MIIT, NDRC, MOST and MOF, effective as of December 31, 2012
10General Planning for Technological Innovations of Industries during the 12th Five-Year Plan Period released by MIIT, effective as of November 04, 2011
11This technical standard is still under draft, the draft GB/T 18488.1—201× will replace GB/T 18488.1-2006 and GB/T18488.2-2006
12Policy on Development of Automotive Industry, Article 48, "...The same foreign investor may establish no more than (including two) two joint venture enterprises in China that undertake the production of the same kinds (the classes of passenger cars, commercial cars and motorcycles) of whole automobile products. If the foreign investor merges other automobile production enterprises in China together with the Chinese joint venture partner, it may not be restricted by the said two joint ventures..."
13Admission Management Rules on NEA Manufacturer and Products chapter 3, specify the entry management and requirement for NEA manufacturers and products
14See the Catalogue of Key Technology and Products subject to Independent Intellectual Property Rights.
15In 2007, a Germany company (Schaeffler)'s proposed acquisition of Luoyang Bearing Co., Ltd. had been rejected by the Chinese government, refusing to approve any proposal regarding acquiring of 100% equity interest or controlling equity interest of that company. Please note that Provisions on the Implementation of the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors had not released by MOFCOM at that time.
16Notice on Further Promoting the Pilot Program for Energy Conservation and New Energy Automobile Demonstration and Popularization jointly released by MOF, MOST, MIIT and NDRC, effective as of October 14, 2011
17Notice of the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology and the National Development and Reform Commission on Continuing on the Promotion and Application of New Energy Automobiles, effective as of September 13, 2013
18Beijing Municipal Provisions on Management of Approval and Recording for Demonstration New Energy Minibus Manufacturers and Products Article 4
19Guiding Opinions on Accelerating the Promotion of the Application of New Energy Vehicles released by General Office of the State Council, effective as of July 14, 2014
20Guiding Opinions on Accelerating the Promotion of the Application of New Energy Vehicles released by General Office of the State Council, effective as of July 14, 2014
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The Chinese State Council has announced that it is limiting the number of cars allowed on the streets of Beijing, and over the next several years, it plans to discard more than five million vehicles nationwide that fail environmental standards. The news arrives as Beijing parking prices rise up to six figures.
According to Reuters, the new push to replenish the car population of Beijing by discarding clunkers and making the streets more accommodating to electric cars arrives as China reports it is already behind on environmental standards for 2011-2013. Beijing is set to lose at least 330,000 cars, according to a policy report released Monday.
In Beijing specifically, the number of vehicle registrations will also be significantly reduced. The Wall Street Journal reports that Beijing will only be allowed to be home to 6 million vehicles by 2017, and the nation will attempt to cut use of gasoline by 5% by that date. The city will also attempt to attract the use of cleaner electric cars, with the goal of increasing the number of clean energy vehicles in Beijing to 20,000 by 2017. To make it easier for electric and semi-electric cars to traffic in Beijing, the city will also install power-charging posts for 18% of parking units.
The government's initiative arrives as cars continue to increase in popularity in Beijing. Car sales in China increased significantly between March and April; vehicle sales are up 11.6% in April. The Associated Press notes that vehicle sales increased 7.9% in March. Luxury vehicles, in particular, have found a vibrant market in China, as companies like Rolls-Royce host auto exhibitions in Beijing and experience long-term market growth in the area.
The popularity of private car usage has caused a parking crisis in Beijing, a city in which many streets are not designed for parallel parking, and parking garages and similar facilities are limited. The Atlantic's Quartz reports that some parking spots in Beijing are selling for up to $160,000. The prices of parking facilities, even in suburbs, are becoming much higher than the price of buying a car. As author Gwynn Guilford explains, "The frenzy of new car ownership means demand for a place to park far outstrips supply. The city now has 7.5 million drivers—a car for every two or three residents, depending on how you count Beijing’s population."
The new measures may encourage car companies to invest more in advertising electric cars to the growing Chinese car market. Nissan has already targeted a large sector of that market, with its Chinese joint venture firm, Dongfeng Motor Company, announcing that it is seeking to corner 20% of the nation's electric car market.
The Chinese State Council has announced that it is limiting the number of cars allowed on the streets of Beijing, and over the next several years, it plans to discard more than five million vehicles nationwide that fail environmental standards. The news arrives as Beijing parking prices rise up to six figures.
According to Reuters, the new push to replenish the car population of Beijing by discarding clunkers and making the streets more accommodating to electric cars arrives as China reports it is already behind on environmental standards for 2011-2013. Beijing is set to lose at least 330,000 cars, according to a policy report released Monday.
In Beijing specifically, the number of vehicle registrations will also be significantly reduced. The Wall Street Journal reports that Beijing will only be allowed to be home to 6 million vehicles by 2017, and the nation will attempt to cut use of gasoline by 5% by that date. The city will also attempt to attract the use of cleaner electric cars, with the goal of increasing the number of clean energy vehicles in Beijing to 20,000 by 2017. To make it easier for electric and semi-electric cars to traffic in Beijing, the city will also install power-charging posts for 18% of parking units.
The government's initiative arrives as cars continue to increase in popularity in Beijing. Car sales in China increased significantly between March and April; vehicle sales are up 11.6% in April. The Associated Press notes that vehicle sales increased 7.9% in March. Luxury vehicles, in particular, have found a vibrant market in China, as companies like Rolls-Royce host auto exhibitions in Beijing and experience long-term market growth in the area.
The popularity of private car usage has caused a parking crisis in Beijing, a city in which many streets are not designed for parallel parking, and parking garages and similar facilities are limited. The Atlantic's Quartz reports that some parking spots in Beijing are selling for up to $160,000. The prices of parking facilities, even in suburbs, are becoming much higher than the price of buying a car. As author Gwynn Guilford explains, "The frenzy of new car ownership means demand for a place to park far outstrips supply. The city now has 7.5 million drivers—a car for every two or three residents, depending on how you count Beijing’s population."
The new measures may encourage car companies to invest more in advertising electric cars to the growing Chinese car market. Nissan has already targeted a large sector of that market, with its Chinese joint venture firm, Dongfeng Motor Company, announcing that it is seeking to corner 20% of the nation's electric car market.
This is a Chinese site discussing Nasdaq listed KNDI in Regards to the Seeking Alpo articles....Positive/Negative
Condi car price confusion
At 21:27 on August 16 2014 Lu Xiaomin blog Views: 45
One analyst, wrote an article a few days ago to support Condi car CNBC, and according to the pace of development Condi vehicles, from the turnover growth rate speculation Condi Condi car stock car in 2016 should reach 110-200 knife level. That Condi stock has dropped by nearly two knives, as if there was a thief stole my wallet, so I lost not small.
Today there are an author, you may be bearish Chinese stocks, analyze the profitability of the car from the Condi, Condi think the high price of the car, should be dropped from the current level, how much? He did not say.
I will not speak Figure stocks were the only thing I know is to look at the development trend of an enterprise, which is the general direction. Condi car was born, grew up in China to develop under electrical automobile environment, it is necessary to reduce the pollution of the environment, but to reduce dependence on oil, and therefore strongly support the government of electrical cars. In this environment Condi car does not want to develop immune, unless the operator is a fool.And why is the founder of Condi car Hu Xiaoming is a quite smart man, he groped a new business model from the electric bike (or electric motorcycles) development, is leased, rather than sold directly, resulting in electrical cars blaze a new trail on the development, over the domestic large and well-known electrical automobile manufacturers, has been a huge development.
Condi car brand cars than any other domestic appliance manufacturers have no huge technological advantage? I think no. Almost everyone up. Why Condi vehicle development faster than other companies? Because of its leasing model. Anyone who wants to use electrical car, do not become big money to buy (compared to regular gasoline cars Electric cars are not so big price advantage), but only of the little money you can rent one. This car model is an important reason Condi develop.
As also Xiao He also lost, although this lease cars bring development to Condit, but in terms of profitability but it is very slow, why? Because Condi car charging stations must be built a lot of cars in the production of electrical appliances, while none of these charging stations Electric cars will become waste, and finally turned into a pile of scrap metal. And the construction of charging stations is very expensive. A start Condi car charging stations built high-rise building is very beautiful but very expensive, burn burned very badly. Later discovered the problem, change is in someone else's building occupies a corner charge, such as the hotel parking lot, and now developed to the establishment of small charging station in the streets, which aims firstly, to increase the number of charging points, enabling customers to use other reduce the construction cost of the charging station areas.Two years, we can see that Condi car policy changes in the construction of charging stations.
Increasing the number of charging stations, to reduce the cost of construction of the charging station. No doubt, this is the right direction.
Precisely because of this marketing strategy Condi, Condi number of automobile production of electrical vehicles could grow rapidly, turnover growth, but slow growth in earnings at the same time, far behind the growth in turnover.
I have to view the most recent article on the two American analysts shows they watch the full one-sided view of the problem, an emphasis on the rapid development of turnover, an emphasis on profitable growth, and therefore the price obtained for Condi entirely different conclusions.
To be honest, before the time at home, and just when Americans go abroad simply admire the five-body cast, think they great. But after more than a decade found that Americans on the case, the level of professional analysts as good as the old amateur land, at least they are too one-sided look at the issue, there is no global view, or they write articles to put on a strong subjective and can not draw the right conclusions, the two analyzes is the case. The old land is more comprehensive understanding of the facts, the conclusion is more correct, more objective.
So what's the old land of conclusion? Condi absolute growth rate is very rapid, the company has spent the beginning of the incubation period, the period of rapid development. Annual automobile production will be doubled, tripled, quadrupled. . .Turnover and thus will be stunned pace. However, at the same time, but lags far behind the rate of earnings growth in turnover. However, to a certain critical point earnings begin rapid growth since the beginning of rental income return, and the company uses a lot cheaper to build charging stations cost savings. I guess, you also need 4-5 years to complete, because now the company is also rapidly expanding business scope, from now expanded to Shanghai, Hangzhou, Beijing, Hainan, Shandong, Sichuan. . . Construction of charging stations still need a lot of money.
If the proposed national charging grid, then, the company's earnings will quickly improve borne by the Government, however, competitors will increase competitive pressures, any thing has two aspects.
I Condi price estimates:
By the end of 2014, 30 knife up and down
By the end of 2015, 50 knives
By the end of 2016 75 -90 knife knife,
Later it may more than 100 knife. Whether reach and international situation related and general economic situation in China, but also on the United States stock market related.
Given the current price of about 17.50, the rate of return on investment many people will be the answer, what is the daily count up or down?
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Air pollution in Shanghai & the rest of China: What you need to know
By Cal Widdall
Like ordering McDonald's at 3am, there's little doubt that breathing Shanghai's smog (or Shmog™, if you will) isn't healthy for us. But with so many myths, unhelpful statistics and outright lies floating around, it's difficult to determine the genuine health sacrifices we are making by living in a city which often resembles Mordor.
To find clarity within the info-fog, we've gone and done the research for you, and the following is what you need to know.
PM10 and PM2.5
Whilst we might holistically judge daily air pollution by asking, "Can I see Alaska Pudong from my house?", a more scientific method measures the number of micrograms of PM10 and PM2.5 (particles measuring less than 10 micrometres and 2.5 micrometres respectively) per cubic metre.
These particles are caused by dust or emissions from vehicles, factories, construction sites and coal combustion. Fine particulates (PM2.5) can penetrate lungs and enter the bloodstream, making them the most detrimental to health. As you'd expect, chronic exposure leads to an increased risk of lots of nasty things, particularly heart disease and lung cancer.
Unfortunately, due to the government's convenient lack of data on PM2.5 levels (soon to be rectified), we're unable to analyze the findings in direct relation to Shanghai, but we can use it to draw comparable conclusions about our Shmoggy™ neighbor to the north, Beijing.
Before we look at the facts, it is important to note that the capital's PM10 levels are higher than Shanghai's, and it's PM2.5 levels are likely to be too. The reason is geographical: Shanghai is by the sea, which helps to rapidly clear the air, while Beijing lies in a valley surrounded by mountains.
So next time you fumble your way to the metro with less visibility in front of you than a Boeing in a bad storm, just remember that at least you aren't living in Beijing.
How does air pollution affect life expectancy?
Unfortunately, we can safely say that prolonged exposure to extreme air pollution leads to premature death - The World Health Organization estimated in 2007 that 656,000 Chinese die prematurely each year from ailments caused by indoor and outdoor air pollution - but exactly how much closer to the grave does it put us?
In 2009, one authoritative study found a decrease of 10 micrograms per cubic metre in a city's fine-particulate concentration was associated with an estimated increase in life expectancy of approximately 0.6 years.
Therefore, if we were able to remove all other factors, people living in Beijing would theoretically die five years younger than people living in America's most polluted city, Los Angeles.
The figure of course doesn't apply to officials who can't liiiive without their own private Air Supply.
How does air pollution relate to lung disease and heart disease?
In contrast, Dr Richard Saint Cyr of My Health Beijing believes that the life expectancy figures may be misleading.
Instead, Dr Saint Cyr gauges the effects of air pollution by analyzing the percentage increases in the likelihood of developing diseases. In the case of Beijing, Dr Saint Cyr calculates that long-term living in the capital causes a 49% increase in lung cancer and 32% increase in heart disease deaths (when compared to perfectly clean air).
According to the World Health Organization's latest PM2.5 statistics, living in Beijing is thus significantly more lethal than other metropolises, including L.A. (12% and 19% respectively), London (11% and 19%), and Paris (17% and 21%).
To take a different (less scary) perspective, another study revealed that an individual spending 24 hours in Beijing will inhale 15% of a cigarette's worth of PM2.5. In other words, Beijing living is equivalent to smoking less than 1/6 of a cigarette each day.
Then again, it isn't much of a stretch to just go ahead and declare that the statistic is closer to at least 1/2 of a cigarette for the equivalent amount of PM2.5 people inhale in a day, since inhaling second-hand smoke is still prevalent in much of China.
And believe us, being next to spirals of cigarette smoke isn't nearly as sexy as Wong Kar-Wai and Mad Men make it seem.
Is the air pollution actually getting better?
Beijing reported that 77.3% of days were 'blue sky days' over the past two years, which sounds lovely, but don't break out the picnic blankets just yet.
Applying EU standards to the same period shows that only 17.7% of those days would be considered 'medium' or 'low' pollution.
The government claims pollution levels have decreased, with the number of so-called 'blue sky days' increasing annually for 13 consecutive years being trotted out as evidence. However, research conducted over the past decade has shown PM2.5 levels increasing by 3-4% annually.
Added to this, Beijing lost its place in our environmental circle of trust when it shut down its two most polluted monitoring stations to raise its 'score' in 2006. In 2008 it even began monitoring from beyond the 6th ring road, 15-20km away from the city centre. Cheeky, Beijing, very cheeky.
Possibly more revealing than the shifty air quality statistics is the fact that Beijing's lung cancer rate has risen by 60% over the past decade, despite smoking rates remaining flat. "Increasing air pollution might be largely blamed for that," said Zhi Xiuyi, director of the Lung Cancer Treatment Center at Capital Medical University.
What's being done to decrease air pollution?
Thankfully, the government is now reportedly putting pressure on local authorities to tackle the problem.
In 2012, PM2.5 monitoring stations are to be introduced to 30 cities nationwide (including Shanghai), and last November the Ministry of Environmental Protection (MEP) announced that public opinion would soon be used to assess the performance of local governments on environmental protection.
If logo ideas are needed, we'd suggest going with something similar to the smiley face, unhappy face, disinterested face system used for hygiene levels in restaurants, except with normal face, surgical mask face, and Culturally Insensitive Olympian-style gas mask face instead.
So, in conclusion, this city may be gradually killing us all, but the health implications probably aren't as bad as the 'facts' you've previously heard. The random guy who told you that the pollution in Shanghai would give an adult elephant seven types of cancer in three hours (or something similar) didn't actually know what he was talking about.
A pleasant surprise in the next Q ...
I'm with you on that.
BULL
Cars of the Future [Full Documentary]
A must see....
It's obvious Hu has studied the Masters starting with Henry Ford and the Model T, Porsche Volkswagen Beetle, Lee Iaccoca, Mustang and K-Car.
Yes Yes and a resounding YES, all caps. I believe it to be a Hu stroke of Genius......
No place on earth where this statement holds more true than China " One Hand Washes the Other"
I've been thinking this over all morning. Remember this Vendor Conference held by Kandi and Hu ?
Are you getting the picture?
This is much more than a Vendor Conference, it's a Corporate CarShare/Leasing Sales Conference.
I'm thinking that the Shanghai roll out was the first fruits of the conference.
We're certainly not going to be buying 10's or 100's of millions of dollars of product from anyone that doesn't have a Cooperate CarShare/Leasing Kandi Equipped of coarse.
I'm thinking this as far as EV's in China.
Ningpo, is a seaport city in the northeast of Zhejiang province, People's Republic of China. Holding sub-provincial administrative status and separate state-planning status,[2] as of the 2010 census, the municipality has a population of 7.6 million — with 3.5 residing within the 6-district urban area proper. The city lies south of the Hangzhou Bay; faces the East China Sea to the east; borders Shaoxing to the west; borders Taizhou to the south; and is separated from Zhoushan by a narrow body of water.
Zero-emission vehicles net new Energy News New Energy Market
Ningbo introduction of new energy vehicles to promote electric cars 3289 program
2014-08-16 09:27:46 zero-emission car network - focused new energy vehicles, hybrid vehicles, electric vehicles, energy-efficient cars and other news Comment 0
August 15, Ningbo City, Zhejiang introduction of new energy vehicles to promote the implementation of the proposed scheme applied to 2015, Ningbo City will have 5,000 new energy vehicles in operation, including electric cars 3289.
August 15, Ningbo City, Zhejiang introduction of new energy vehicles to promote the implementation of the proposed scheme applied to 2015, Ningbo City will have 5,000 new energy vehicles in operation, including electric cars 3289.
November 2013, Ningbo City, was included in the country's new energy vehicle demonstration to promote the city. Up to now, there were 39 cities or regions listed.
Upon request, to 2015, in each city to promote pure electric vehicles, plug-in hybrid vehicles and fuel cell vehicles and other categories of new energy vehicles not less than 5000, and new areas of clear government agencies, public institutions, such as the purchase of new energy vehicles accounted for the total year with updated no less than 30%.
It is reported that the new energy automobile implementation of national subsidies, while exempt from the new energy automotive vehicle purchase tax.
Ningbo Science and Technology Bureau, Ningbo City has taken with the formation conditions of new energy vehicles and key core components of industrial clusters. Which has invested 25 million yuan of funds, the establishment of an electric car for power plants, 68 charging piles, construction of two high-speed services in the area for power plants.
Ningbo City, proposed in 2015, a total of 5000 to promote the application of new energy vehicles. Among them, foreign brand vehicles not less than 30%; new or updated public transportation, service, sanitation, logistics vehicles, new energy vehicles of not less than 30%.
By 2015, a total of 13 building charging stations, charging rack 332, AC charging 5506, the formation of new energy vehicles running monitoring service management platform.
According to the promotion of the work plan, in 2014, Ningbo City were put 20 pure electric bus (super capacitor trolleybuses) and 86 plug-in hybrid buses. 2015, put pure electric bus (super capacitor trolleybus), plug-in hybrid bus 384; pure electric bus (super capacitor tram) 10.
To 2015, promote the use of electric taxis 150 and timeshare rental car (micro bus) pure electric vehicle 200.
Reporters noted that in 2014, Ningbo will promote the use of electric, plug-in hybrid car 400, while in 2015 increased to 3289.
It is reported that, according to the Ningbo supporting the introduction of new energy vehicles, subsidies for new energy vehicles by the central government subsidies 1: 1 ratio of the amount of grant, subsidy levels, total vehicle price does not exceed 50%; new energy vehicle charging facilities into , according to the actual amount of investment (excluding land) to give 20% of the subsidies.
Meanwhile, Ningbo City, will study the formulation of new energy vehicles exempt from vehicle purchase tax, the new energy automotive specialty segment number plate, odd and even numbers are not limited to, full-time open logistics vehicle road use rights, free taxi franchise royalties, special car free on licensing and other preferential policies
Public Opinion scan: Hangzhou is now available to rent electric cars micro bus
Source: Urban Chinese net at 10:09 on August 14, 2014 (edit: ccudeditor)
Core Tip:
Since Hangzhou limited license, you can rent electric cars - micro bus took off. At present, the city has put in more than 5,000 vehicles this year, plans to build nearly 100 flat site, convenient for people to hire. According to reports, Hangzhou micro bus project in July 2013 and put into use, micro-buses include "community long-term lease" and "temporary short term" models, battery life up to 60-80 kilometers. As of July 2014, Hangzhou into three-dimensional micro-bus garage rental site operated a total of four, flat Site 17, where a roadside sites, hotel sites 16; launch vehicles 5406.
Media Comment:
"Micro-bus" may be regarded as "an upgraded version of a public bicycle", will become the city of the future construction of the "big public transport" system, an important part. But it is worth noting that pure electric "micro-buses" model located in urban transport, complements conventional cars, but this model is far from the success of its development by the scale of the first degree of control, and only charge for electricity a sufficient number of service outlets, users borrow the car the car is more convenient, in order to achieve a real sense of shared transportation, in order to reduce cost of doing business, and thus produce more to meet the needs of users design models . (According to the China Joint Business Daily: "" micro-bus "to bring enlightenment Green Bus")
This new model combines the future of urban transportation concept for the beleaguered Chinese electric car industry to find a new breakthrough. Over the years, China and the effects of pure electric vehicle market is lower than expected, private consumers reluctant to buy the vehicle, one important reason is the key technology systems and battery charging device such as immature, higher ongoing maintenance costs compared to conventional cars. "Micro-bus" mode through the pure electric vehicles and plug-in devices such as stereo garage centralized purchase, centralized charging, centralized maintenance, to solve the charging electric vehicles, maintenance issues . (According to Xinhua: "" micro-bus "to seek new breakthroughs in China's electric car industry dilemma")
Internet users voice:
Deputy Director of the Commission by letter of the automotive industry at Hangzhou Wei Zhaohong: Under the existing level of technology, a new multiplayer mode short-sharing so that people simply use without ownership, help foster a mature and rational consumer market for electric vehicles . (From Sohu Finance)
Condi Electric Automotive Holdings Group President Hu Xiaoming: If the subway, bus lines compared to these major transportation artery, then from the subway station, bus station from the front door is the capillaries, "micro-bus" to become urban transport capillary network connectivity . (From China Joint Business News)
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I've found this PDF that looks like an annual report, mentioned battery pack orders (amount of 14,000 was mentioned) from Kandi. Could someone fluent in Chinese please take a quick look to see if this contains any useful information. Here's the link - http://data.tsci.com.cn/API/Read_PDF.aspx?ID=HKEX-EPS-20140814-001983647
[Google translation]
Management Discussion and Analysis - continued
Kai Rong Investment Group acquired - continued
Shandong Heng Yuan of new energy products mainly include 10Ah, 20Ah, 50Ah, 66Ah and 100Ah lithium-ion battery. Shandong Heng Yuan New Energy is also in accordance with the
Customer's specifications and requirements provided through the use of its battery battery pack assembly services, and those products can be used in electric vehicles, or as wind and solar energy development
Power plants and electricity grid storage backup power units, communication base stations and a variety of mobile communications devices. According to Shandong Heng Yuan new energy, new energy Shandong Heng Yuan
. Production scrap rate has been below 3%, and the balance away Shandong new energy battery products in terms of power density and cycle have good performance
At present, Shandong Heng Yuan of new energy products are mainly sold to Condi Electric Automobile Group Co., Ltd. ("Zhejiang Condit") and new energy vehicles in Jinhua City Condi Limited
Division ("Condi New Energy"), for its production of electric cars and hybrid cars use. Condit, Zhejiang Geely Automobile Holdings Limited joint venture with Condit Group
The company, which is mainly in China, Zhejiang Condit with "Condi" brand in electric vehicle investment, development, production, marketing and sales. Condi new energy Kandi
Technologies Group, Inc. has a 50% interest in the company, mainly engaged in the research and development of electric vehicles, production and sales in China. In addition, Zhejiang Condit and Condit
New energy sources, new energy Shandong Heng Yuan products through a number of other car companies have conducted tests. According to Shandong Heng Yuan New Energy, which has received about
14,000 battery pack (by about 350,000 lithium iron phosphate composition) of purchase orders, which total contract value of approximately RMB 199,800,000 yuan (including
17% of the value-added tax ("VAT"), amounting to RMB 29 million yuan). In addition, new energy Shandong Heng Yuan respectively as of 2015 and 2013
For the year ended less than 750,000 and 1,250,000 received a purchase order of lithium iron phosphate December 31, 2016. After consultation, at which time
Contract value will be determined by reference to the prevailing market price. Assuming the unit price in 2015 and 2016 with the 2014 purchase order the same (for say
Ming purposes), as of 2015, and December 31, 2016 for the year ended contract value will be approximately RMB 317,000,000 yuan (including
17% VAT, amounting to RMB46 million) and approximately RMB 528,000,000 yuan (including 17% VAT, amounting to RMB
. (76,700,000 Yuan
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Condi pure electric cars overtake Zotye 7 per month to double back to the first
2014-08-15 08:58:33 zero-emission car network - focused new energy vehicles, hybrid vehicles, electric vehicles, energy-efficient cars and other news Comment 0
July pure electric passenger car production to new highs, the entire monthly production of pure electric passenger vehicles 4035, growth of 6.83%. Condi pure electric vehicles 7 per month to 2021, the chain doubled overtake Zotye back first.
First Electric Institute latest data show that in July of pure electric passenger car production to new highs, the entire monthly production of pure electric passenger vehicles 4035, growth of 6.83%, is greatly increased 630.98 percent year on year. January-July total production of pure electric passenger vehicles 17499. Car prices, the Condi and Zotye two strong confrontation no longer, was robbed last month, the first name of Condi regained the top spot to hold the event, and obtain greater advantages than any other brand.
Pure electric passenger car production, the company produced by Zhejiang Geely Condi brand of electric vehicles on the production of the 2021 one, last month of 1014 nearly doubled. Accounted for more than half of total output, can be so successful, and Condi is not unrelated to pinpoint positioning in the market segment. According to Condi Condi Electric Automobile Group Co., Assistant to the President Rao Zhenghua introduced Condi miniature pure electric passenger car major investment "micro-bus" and community "group long-term lease" two markets.
"Micro-bus" full name "pure electric micro bus", mainly miniature pure electric vehicles, charging is completed after each can run 80 kilometers, the maximum speed at 80 km / h in urban areas to meet the traffic demand. Currently Hangzhou "micro-bus" There are two-seater, four-seater two models to choose from, rental fees by the hour, two car 20 yuan 1 hour, 4 car 25 yuan one hour. Hangzhou micro bus project in July 2013 and put into use as of July this year, Hangzhou into three-dimensional micro-bus garage rental site operated a total of four, flat site 17, put the vehicle 5406.
Community "group long-term lease" means a group of long-term lease by the community of micro-electric vehicles, for transportation use within the community. Following early June 707 Condi brand pure electric vehicle leasing organizations deliver Xiangshan Zhuantang community, Condi "group long-term lease" has expanded to benefit Lions community and the music community and other places, there are hundreds of vehicles fleet size. Condit expects sales this year will be 20,000 electric vehicles, in order to meet the needs of "micro-bus" and community "groups long rent".
Zotye (Hunan Jiangnan companies) accounted for the second pure electric passenger car production. In addition, there are two brands of high-speed electric vehicles before production reached five, including JAC and BAIC, JAC latest results of Letters also showed a substantial decline in sales of traditional fuel vehicles, looking at the direction of new energy vehicles, power and automobile companies to new Emergence of energy transformation. Beiqi new energy since the start, "Wei · Blue Pioneer" action, the bullish market sales, the Beijing market sales of the first electric passenger cars.
Plug-in hybrid passenger cars are basically the world BYD Qin, 7 per month to 841, accounting for more than 70% of the category market share, but this part of the production was unable to meet market demand. Previously BYD battery market is estimated production capacity of pure electric bus K9 priority supply lead to insufficient production of Qin.
July Tesla imported 304, a decline of 68.27%. Tesla free in Hangzhou by the end of July on the card, the latest free vehicle purchase of new energy vehicles including imported electric vehicles, vehicle purchase tax-free no limit on the Tesla is continuous positive, if we enter the first duty-free catalog, follow-up production will continue to grow.
The bus is based on plug-in hybrid and hybrid-based, occupy the first name of Yutong still insist on the main plug-in hybrid and pure electric bus E7 Yutong has released no yield, is still waiting for market opportunities.
I went all in at 17.19 including margin....
This should turn into a media circus in Shanghai... Get Ready...
BULL
Condi electric "micro-bus" another victory Shanghai to start trial operation
Jason Tobin first electric network analyzer 2014-08-14 18:38:04
[Abstract] The first 208 Condi electric "micro-buses" put into trial operation in Shanghai. Condi side said that operating results achieved in Hangzhou "micro-bus" promotion model, will continue to replicate start in other cities.
August 14, the first put into trial operation in Jinshan District of Shanghai "micro-bus" Condi brand pure electric cars on the road grid. 208 Condit card SMA7001BEV pure electric vehicles destined Zhujing, petrochemical, Feng Jing, Ting Lin, such as leasing the site for customers to hire. The first electric car rental customers have to get the keys. Start the electric car rental trip. It is understood that the Shanghai micro bus rental price system will be the reference standard micro Hangzhou public transportation.
Condi pure electric car first delivery ceremony in Shanghai
July 2013, Hangzhou launched by Geely Holding Group and Condi Technology Group, a joint in the country's first "pure electric car-sharing rental" service, make "micro-bus" concept into the public eye. "Micro-bus" With Condi pure electric vehicles, compact, a top speed of 80km / h, a full charge can travel 80km, to meet the transport needs of the city's short-haul travel. Currently there are two people in Hangzhou micro bus seat, four-seater models for consumers to choose two lease, rental fees by the hour, two car 20 yuan 1 hour, 4 car 25 yuan one hour. The first test run in Shanghai micro bus for four models.
As of July this year, Hangzhou into three-dimensional micro-bus garage rental site operated a total of four, flat site 17, put the vehicle 5406. Hangzhou this year, planning to build three-dimensional garage 40, the plane nearly 100 sites. With the improvement of the site layout will be the same as the public bike rental pick borrow. In addition, some communities began trial operation in Hangzhou micro bus long-term lease model to long-term lease for three years, for example, the first year cost of nearly 5000 yuan, and the remaining two years of nearly 4000 yuan only, the cost is much lower than fuel vehicles.
Shanghai first put into trial operation of the micro-bus Condi brand pure electric cars on the road departure
According to Condi sources, the company sold 4,114 pure electric vehicles in the second quarter of this year, compared to 2014 first quarter sales of 1215 increased by 238%. Condi Technology Group Chairman of the Board and CEO Hu Xiaoming said that sales for the second quarter Condi very satisfied and will continue to promote micro-bus project. The recent introduction of new energy vehicles, purchase tax-free policy in his view, is a great good, which means the user or the operating company to purchase pure electric vehicles Condi car costs fell by 10% direct sales of electric vehicles will play a more big boost.
August 11 Condi announced second quarter 2014 earnings results, the electric vehicle product sales revenue up sharply increased 552.7% to $ 13,250,000, compared to $ 2.03 million. Condi mainly due to the rapid growth of electric vehicles micro bus project, Condi side said micro bus project in Hangzhou has become a model for the promotion of electric vehicles in China, will start the second half Condi micro bus extension model in other cities.
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Exclusive Comments: Shandong introduction of small electric vehicles industry standard meaning
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2014-08-08 Electric Car Technology Network
[Electric vehicles Herald] exclusive report:
June, the country's first electric car parts industry standard - "Shandong Province automotive industry standards (small electric car)" in Jinan released. The standard from nine aspects of small electric car was described. Industry insiders believe: the introduction of the standard indicates that small electric vehicles will usher in opportunity, "positive", the industry will usher in a re-shuffle of the opportunity.
Shandong introduction of small electric automobile industry standard meaning
Text / Sue laughed away
June 12, Shandong Automobile Industry Association conference held in Jinan, the official release of the "Shandong Province automotive industry standards (small electric car)," for small electric vehicles terminology and definitions, product model and technical parameters, technical requirements, test methods, inspection rules, and so do the description. And will be implemented July 1, 2014.
This is the first small electric car on the industry standard for enterprise access conditions to certain restrictions. Because of this standard in the country belong to the "first" As soon as he released it caused boiling. The idea that the introduction of this standard indicates that small electric vehicles will usher in opportunity to "positive".
Standards promulgated background
In the "Shandong Automobile Industry Standard (small electric car)" Before the introduction of multi-industry "electric four-wheel vehicles," "elderly scooter", "mini-car" such a title called small electric car, academia with "low-speed electric appellation car ".
Shandong is a small electric car production and use of a large province. Under the current national policy constraints, in order to develop foreign markets, investment in local factories in Shandong small electric car manufacturers commonly used means. Shandong Province policies and regulations on small electric vehicles thus become the object of reference in other provinces. It can be said, Shandong movements on small electric vehicles, are in some way affect the development of small electric vehicles in other provinces.
Worldwide, governments and car manufacturers on the development of electric vehicles and support the efforts made ??by all to see, unfortunately, is not yet a true sense of the current widely accepted by consumers of electric models. The Shandong small electric car makers have done fast, and the product sold in full swing. This is enough to make those world class automotive bigwigs shame!
However, the Chinese government has not granted the "right of way" small electric vehicles. In the "no policy of the country, does not encourage not prohibit" the environment, small electric cars due to positioning accuracy, and meet the needs of consumers and industry continue to flourish and grow.
People feel helpless, voices of doubt accompanied by a small electric car industry has never disappeared.
March 15, 2014, on China's small electric car industry is a special day. On this day, CCTV 3.15 show exposure Shandong elderly scooter chaos, subsequently led to the renovation of small electric vehicles of local governments. Some companies into an unprecedented crisis.
Shandong is a small electric car production, the use of a large province. 2014 January-May, Shandong Province produced a total of 71,424 small electric cars, an increase of 47.28%. Although a number of key enterprise products through a national car testing organization, reliability, security, compared to previous years has significantly improved, we must also admit: small electric cars lack of standards, low barriers to entry, even if does not have the four automobile manufacturing process businesses can "produce", which led to a small electric car products of varying quality, with greater security risks.
We can say that 2014 CCTV 3.15 show the "Shandong Province automotive industry standards (small electric vehicle)," introduced the fuse.
Another important factor is the small electric car drivers on the road illegal, wanton rampage, traffic accidents are caused by the increase.
May 19, Shandong Province Traffic Police announced that from now on, Shandong Province, will focus on the year, to carry out on behalf of the elderly scooter scooter for outstanding safety hazards investigation and remediation work in the province. Among them, the elderly scooter driving road vehicles will be detained and fined 200 yuan, driving without a license such vehicles, will depend on the seriousness of the case shall be fined from 200 to 2,000 yuan, up detention punishment.
Upon request, all over Shandong to set up a joint office scooter special treatment, investigation from public education, source, policy research, treatment and other aspects of the law to promote the smooth and orderly implementation. The relevant functional departments should determine the person in charge of this work. Work carried out throughout the month on the 13th, the 28th CFS submitted to the provincial post office, the provincial post office every half CFS informed once the case.
Shandong number of low-speed electric vehicle industry sources said that although the focus of remediation of objects are mainly elderly scooter scooter, but the province's low-speed electric vehicle market in terms of "is an earthquake."
Shandong Province Traffic Police sources said that at present, Shandong Province elderly scooter, city sightseeing cars and not included in the national "road motor vehicle production and product announcement" of four vehicles (hereinafter referred to as scooters) illegal production, sale, on the road other issues, disrupt road traffic order, the impact of road traffic safety. The regulation, by letter at all levels, public security, transportation, industry and commerce, quality supervision departments will organize a special force, in-depth diagnostic investigation scooter production, to fight the case assembly, sales, operations, and other aspects of road travel and each registration filing, and conduct a comprehensive renovation from production, sales, road links. Against the illicit production, stop the illegal sales.
First local industry standards, influence should not be overlooked
The introduction of the "Shandong Province automotive industry standards (small electric car)" Although the range from nine aspects of small electric vehicles, normative references to the model and technical parameters, technical requirements and test methods, and other products were defined, but the standard of their own property is still endemic industry standards. The introduction of the standard specification with a small electric car industry for the healthy development of positive significance, and may cause other provinces to follow, even for the industry's long-awaited small electric car "identity" issues will play a role.
Secretary-General Wei Xueqin Shandong Automobile Industry Association, said that the current national regulators in the field of small electric vehicles also belong to the blank, Shandong Province pioneered the establishment of local industry standards, will enable the production of small electric cars evidence-based.
Shandong Province traffic police corps focused remediation scooter year for many of the low-speed electric car manufacturer was "injured." It is understood that when the wind Group, Tang and other companies produce low-speed electric vehicles belong to the "scooter" category, but its production technology, safety and other aspects of performance are in line with national standards for electric vehicles, and even some products exported to the United States and Europe. But, since these car companies are not in our vehicle manufacturers and product announcement, the production of low-speed electric vehicles on the road can not be listed, most only the name of "Scooter" banner sales.
Anonymity of small electric car company official said, low-speed electric vehicles chaos, precisely because of the lack of industry standards at the national level due to the strength of large enterprises, the early development of industry standards is a good thing. "We have invested several hundred million into ten, and even consolidation, etc. to the news, but this time focus on remediation, but also to bring the low-speed electric vehicle industry reshuffle opportunity."
"Shandong Province automotive industry standards (small electric car)," it is more documents belonging to industry self-regulation, with no mandatory meaning. "At the national level should be developed and managed in accordance with the mandatory standards, completely solve the security and rights of way and other issues of small electric vehicles, regulate the healthy and orderly development of the industry." The official said.
It is understood, Shandong Automobile Industry Association, Shandong Province also issued a small electric car manufacturers access conditions.
Original published in the "electric vehicle Herald" June 2014
Disclaimer: This column is about "electric car Review" magazine or electric vehicles Technology Network (ev1688.com) original, manuscripts article, welcome to reprint. Reprinted sure to specify "Source: Electric Car Guide", offenders accountable, thank you.
Cautiously ask: I need to, be able to, you can open the electric car?
The first electric network Jiang Kaiping 2014-08-13 11:47:47
[Abstract] consistent with the policy requirements of the product, the price is too high, the cost of poor, little interest; meet the market demand for the product, there is no production qualification, no license no insurance, secretly road streaking.
[First Electric Network? (Contributing Author Jiang Kaiping) recently saw a lot of new energy vehicles policy interpretation, experts called, industry analysts, and some perspectives agree, but some see a little diaphragm should. Elites to the new energy industry *** (supplement to their own brain) is to worry about, as an ordinary common folk only concern for their travel whether it is more advantageous. Think about the desire to travel by car to reach at least three problems may need to face.
First of all, I need to open an electric car?
Maybe some people think to ask this question is nonsense, who do not need it? Whether it is the "first block" first-tier cities, or to be able to drive 20 minutes to the outskirts of the four-tier cities, and now living conditions are good, who did not want to go out when the cool, from the bitter wind and rain? Look at air pollution, see prices, who would not want to open the electric car?
Personally, I think this issue is more complicated, if only from the perspective of urban transport resources in a city, you drive the car and then green, they are just clogging. With the decline in the cost of electric vehicles to improve performance and reduce the threshold for private travel, there will be more people to buy a car, transportation resources will be more intense. Of course, people are also reluctant to fuel cars do not even talk about it.
Maybe I want to be too perfect, but since like to open electric car, indicating that our hearts back to the green left a piece of land. But environmentalists just put oil into an electrical only.
I think in the area of ??transportation resource constraints should actively encourage the development of electric buses and rail transportation, explore electric car rental business, limit the use of private cars.
If I only adequate transport resources in regional activities, such as suburban or four-tier cities tier cities, the total of the electric cars are eligible to open it. Then to face the next question.
Can I open an electric car?
As ignorant people in the more advanced, advanced to consider buying an electric car, it should be said that there is a higher vision, insight. That we should become more rational on consumer attitudes, more attention to cost of the car. Can open electric car, you have to look at their wallets. From my usual style in the bargain pinch pennies can see how much money to spend what grade product that is a very important issue.
Our vendors are more reasons to care about those of us Cock wire range of activities users how much, who have much water, which uses the vehicle, resulting in the design phase of development targeted to be invested.
Like me, every day commute 15 kilometers within 50 kilometers occasional weekend outing once rare holidays back home 200 kilometers away trip, the annual income of less than 100,000. If any car can top an A-class car shell (enough for a family to go to the supermarket), economic speed at 40-65 (urban area you again soon, is your cattle, not bad money), the maximum speed can reach 90 (not for meet the double "80", purely in order to be able to high-speed), life can reach 70, the price control 3-40000. I was willing to pay the.
I'm too stingy, too ashamed? Interested to see an annual income of 100,000 m m empire took 30,000 meters knife blade can pull sawed donkey road. Do not tell me at the moment in order to support the development of environmentally friendly new energy vehicle industry, I do not care that you use with lead-acid or lithium iron, look for the EPA to go to the post.I had to pay a tax. And Biexian less meat, the NDRC was busy for the automotive industry antitrust investigation, after the high profile car prices in the low-end of the car based on its own brand how to live? Franchising can lie against the meat of the day but also too long.Electric vehicles as a new spoiler, the face of increasingly brutal auto market, but did not eat the cost of high profits, eat subsidy is another said. How long can subsidies they eat?
Wang little business next door, although income is almost, but every day from morning to evening, to open a 50,000 small bread delivery, it is estimated to run a 200 km every day, so every time he mentioned two barrels of oil ...... Oh , you know. If the price is similar to the next, the burning of oil a day into night charge, even if mileage is not surplus, for the sake of oil and electricity price difference, or some determination to overcome difficulties, by the way also for environmental protection point force thing. If you can add an optional charging module to deal with an emergency situation, is expected to run much more joy.
In fact, do not worry we have a generator to power the light burning oil does not affect the effectiveness of elites control the atmosphere. We count it a very fine small accounts.Whether or extended-range hybrid module, as long as the charge is burning oil, a small generator that point the efficiency of the power plant efficiency ratio sorted out? Where there at midnight with valley charging more cost-effective, and this is the flower of their own money!
If you have the price is right, enough of the basic models, whether it will be able to drive to go? So, there is a clearance.
Can I open an electric car?
In fact, due to the higher stations electric vehicle industry of the national team, thinking ahead, so the target was relatively high. This price Well, naturally increase. And now we automobiles, especially the new energy automobile production and sales management or strictly a "franchise" mode. Whether manufacturers qualifications, specific models, sales qualifications are required "approval." So we created a product line with policy requirements, the price is too high, the cost of poor, little interest; meet the market demand for the product, there is no production qualification, no license no insurance, secretly road streaking.
While some experts have analyzed the battery capacity is limited and while anxious for the charging infrastructure inadequate investment and running up and down, as the subsidy policies of legislation hills and bitter, is sit on the sidelines of the prospective owners are crying out to enlighten the people, for a new energy vehicles monthly sales over one thousand rejoice; while some experts facts and reason, in a gray area for hundreds of thousands of low-speed run is Huan electric vehicles Idealists. They do not have a dedicated charging pile, no subsidies, no license plate, no insurance, they are only ten million sales per year, and even sold to overseas markets, but not even in the country are not motor vehicles.
Condi electric vehicles
Low-speed electric car ownership has reached hundreds of thousands of
So, I am currently driving electric cars still could not go to work. Every day I low-carbon, environmentally me, I do struggle with the haze, how can I wait for the bus always so slow. Maybe ...... I can buy a car to make do with a golf ball with, has only two or three million. Etc. My favorite brand of electric cars can be on the back?
Often dreaming, views extreme; occasionally Luanxiang welcome Paizhuan.
Author is a Shanghai resident Jiang Kaiping
This has got to pop....
Amazing buy ratio....
http://ih.advfn.com/p.php?pid=trades&symbol=KNDI
BULL
State introduced three real money good policy the city's new energy automotive industry a golden opportunity to usher Ruan Feng Sun Wubin
Yesterday, reporters learned from the Municipal Bureau of Statistics, in the first half 2014 report shows that the city's regulations on the industry, the city ushered in the new energy automotive industry limited license after the great era of development opportunities, including corporate and Condi Zotye Group Co., Ltd., the output value of new energy vehicles a substantial growth.
In July, the state strongly support policies to promote intensive introduction of new energy automotive industry to develop healthily. Miao Wei, Minister of Industry, said the unprecedented policy efforts to support very high gold content. Situation of the city related businesses how, how they seize this golden opportunity?
"Blowout" because small base
On the "blowout" was, though relevant responsible persons to conceal their excitement, but remains "cautiously optimistic."
Condit, general manager of electric car companies should enter Feng Jinhua said that outsiders can only see a "blowout", but do not know where the tough, the reason sales growth in the past six months a large, mainly because of the small base.
According to reports, the first three years of the total sales of new energy vehicles only thirty thousand vehicles in the first half of this year the country produced 20,692 new energy vehicles, sales of 20,477, the number of annual production and sales have exceeded last year.
This year, R & D V10 Zotye electric car 100 test market launch, the market will get praise, the whole line has been modified tooling is completed, planned before the end of the production of 2000, entered mass production. "We currently produce pure electric cars, models covering the family, service, logistics and other fields, the prospects for the development of new energy vehicles full of confidence." Zotye new energy automobile, general manager Jiang Wei Dong said.
The city in 2011 began to promote new energy vehicles, there are currently more than 800 vehicles in operation, with the largest amount of individual cities. Condit main sales growth this year in Hangzhou.
High three policies gold
"The new policy allows companies are more confident about the prospects!" Condi electric car company manager should enter Feng Jinhua, said in July the state introduced three real money is good policy, in another year, the electric car company's situation will better.
July 9, the State Council executive meeting decided that from 1 September 2014 to the end of 2017, of the three types of new energy vehicles exempt from vehicle purchase tax, people can spend less accounted for 10% of the purchase price of taxes and fees. July 13, the State Government Offices Administration of the joint Ministry of Finance, Ministry of Science, the Ministry of Industry and Information Technology, the National Development and Reform Commission issued the "government agencies and public institutions to buy new energy vehicles plan", from 2014 to 2016, the Central State agencies and government agencies to promote the application of new energy vehicles and public institutions to buy the city's new energy vehicles equipped with updated percentage of the year's total of not less than 30%, increase in subsequent years. July 21, the State Council issued the "Guiding Opinions on Accelerating the promotion and application of new energy vehicles," from speeding up charging facilities, and actively guide enterprises to innovative business models, promote the popularization and application of public services lead to further improve the policy system, get rid of the place six aspects of protection, boost industrial development.
"Guiding Opinions on Accelerating the promotion and application of new energy vehicles," also called in 2016 after the introduction of the end date of the policy in advance, so that businesses can plan for the future there are plans to enhance confidence in the long-term development.
Ying Jin Feng said previously cashed up support policies more difficult, the introduction of the policy, such as the government set aside an annual settlement, so that enterprises reassured. The new policy fully into account the difficulties facing enterprises. For example, the electric car industry bottlenecks on the battery and charging pile. "Opinions" for the lack of charging facilities, particularly initiates charging infrastructure development planning and technical standards will be incorporated into urban planning, and improve land and electricity charging infrastructure policies to encourage public entities to accelerate internal parking charging facilities.
Enterprise innovative ways to promote their products
New energy vehicles due to the lack of service network to promote difficult. August 7, urban Condit a customer to consult a car costs, the battery performance, mileage, prerequisites, hanging back, "I lived at the top, do not own a garage, Shangna Zhao a 16A air-conditioning outlet for charging it? "
"Traditional car in the desert, they are just a bunch of scrap!" Jin Feng Ying said the same token, if there is no perfect city charge for battery service network, the people it is difficult to put into practice the will. To explore the market, the relevant business innovation models, such as battery leasing, vehicle electrical separation.
Last year, Condi explore ways to promote the vehicle lease, just like public bicycles, build body set point in the city garage, centralized management, centralized charging, centralized maintenance. This trick in Hangzhou achieved good results, the promotion of thousands of cars, this year for the promotion of 500 in Jinhua. 2013, Condit and Geely jointly established Rugao, Shanghai, Changxing base, and work closely with the universal, the power of God and other battery manufacturers.
In Zotye Yongkang production base, start from the mold, the workers create automotive sheet metal parts, and then tens of thousands of parts assembled into a car. "People are the core components of the Thai automotive own production, we will continue to improve new energy technology products, and actively explore the market use a variety of modes." Zotye Holding Group Co., Ltd. Chairman Wu Jianzhong said.
October 2009, Zotye and Putian new energy company CNOOC entered into a strategic cooperation agreement on the promotion and application of new energy vehicles. Agreement to provide each series Zotye electric vehicles developed by CNOOC Putian focus on the development of new energy security of supply, worked out a set of new energy vehicles to promote the application mode. Wu Jianzhong said Zotye automobile circumvent their technical weaknesses, do not do the battery, not charging equipment, all done by partners.
From market to foster the development of
Dramatic development of automobile industry, after 100 years, has returned to the starting point.
Before the 1920s, the Ford T-shaped car was born, in a car where the charging station is actually more than the gas station. But with gasoline engine technology matures, to the 1950s, the electric car is almost gone.
Now, with the increasing awareness of environmental protection and strengthening global energy crisis, the electric car once again become the focus. Meanwhile, with the birth of a wide variety of applications as well as electronic, electrical and computer technology, new materials, the automotive industry is facing a profound revolution.
Many industry insiders believe that, compared to conventional cars, China's new energy vehicle development level and the international most advanced level gap is not, has the opportunity to turn to overtake. "New energy vehicle sales, the United States has 100,000 a year, Japan is 40000, China this year is expected to reach 40,000 to 50,000." Analysis of the industry, there is not much difference between the three new energy vehicles in essence, are in the initial stage, China does have the opportunity to lead the world.
The Government also saw no advantage of new energy automotive exhaust pollution, and the automotive industry on the downstream industries strong driving force. The city set up a new energy automotive industry park in the south of the urban Second Ring Road, covers an area of ??9.5 square kilometers. Condi car industry in the next three years will increase investment, an annual 100,000 pure electric vehicle industry scale.
BYD intends to produce micro-electric vehicles, for the market as soon as possible
Brokerage institutions have micro electric vehicle market has given attention.Essence Securities estimates, there are nearly 210 million potential users of small electric vehicles, is expected to reach 3 million in sales, market size may reach 100 billion yuan. GF Securities research reported in mid-July release, mini electric vehicle industry chain opportunities and more. GF Securities said the second half as the floor around the subsidy policy, the mini electric car sales are expected to accelerate. This year is expected to impact 30,000 mark, accounted for 40% of the country's new energy vehicle sales.
Great wisdom news agency consolidation, currently the main mini electric car companies, including Condi car industry (in collaboration with Geely), temporal (affiliated Zotye), a new ocean (affiliated Zotye), Chery. A stock market, Henan 2.2 billion yuan of new energy car project to make Lifan shares become the only real low-speed electric vehicles involved in regular passenger car business.Meanwhile, GF Securities believes BYD potential entrants.
I had a good chuckle too.....
BULL
Recent Development Activities:Q
On July 1, 2014, Mr. Zhou Guohui, Head of Science and Technology Department of Zhejiang Province, Mr. Li Shufu, Chairman of the Board of Directors of the JV Company and Mr. Hu Xiaoming, President of the JV Company, made a special visit to Mr. Wan Gang, the Minister of PRC Ministry of Science and Technology, presenting the industrial development of the JV Company, the group long-term lease project, and the business model utilizing pure electric vehicles in Hangzhou Public EV Sharing System (the “Car-Share” Project), by which Minister Wan provided full support and promised to go to Hangzhou in furtherance of promotion at an appropriate time.
On July 9, 2014, the first supplier conference of the JV Company was successfully held in Hangzhou First World Hotel. The mutual goal was to seize opportunities to achieve win-win outcomes. With an aim to strengthen communication between the JV Company and its suppliers, so as to establish an effective platform and beneficial long-term relationships, the conference attracted more than 160 suppliers across the country. In the conference, the debut of Kandi’s "Urban Beauty" EV model was made. This EV model was newly developed by the JV Company. All delegates showed great interest as the level of intelligence in this newly developed pure electrical vehicle largely exceeds previous standard.
At the same time, a research institute aimed at developing small-size electric vehicle was established to meet market demand and fulfill customer’s need and Mr. Yu Wei was appointed as the head of the institute.
From April to July 2014, government officials from many pilot cities for new energy vehicle visited the JV Company to learn more about the business model of the “Car-Share” Project and group long-term lease.
The city's new energy automotive industry usher in a golden opportunity
July State introduced three real money good policy
2014-08-11 23:30 Jinhua News Network
Tip: Yesterday reporter learned from the Municipal Bureau of Statistics, in the first half 2014 report shows that the city's regulations on the industry, the city's new energy automotive industry ushered the era after the great development opportunities limited license, which Zotye Group and Condi New Energy Vehicle Co., Ltd. a substantial growth in enterprise value.
The new energy automobile company executives confident about the prospects for the industry. Benjamin photo
Yesterday, reporters learned from the Municipal Bureau of Statistics, in the first half 2014 report shows that the city's regulations on the industry, the city ushered in the new energy automotive industry limited license after the great era of development opportunities, including corporate and Condi Zotye Group Co., Ltd., the output value of new energy vehicles a substantial growth.
In July, the state strongly support policies to promote intensive introduction of new energy automotive industry to develop healthily. Miao Wei, Minister of Industry, said the unprecedented policy efforts to support very high gold content. Situation of the city related businesses how, how they seize this golden opportunity?
"Blowout" because small base
On the "blowout" was, though relevant responsible persons to conceal their excitement, but remains "cautiously optimistic."
Condit, general manager of electric car companies should enter Feng Jinhua said that outsiders can only see a "blowout", but do not know where the tough, the reason sales growth in the past six months a large, mainly because of the small base.
According to reports, the first three years of the total sales of new energy vehicles only thirty thousand vehicles in the first half of this year the country produced 20,692 new energy vehicles, sales of 20,477, the number of annual production and sales have exceeded last year.
This year, R & D V10 Zotye electric car 100 test market launch, the market will get praise, the whole line has been modified tooling is completed, planned before the end of the production of 2000, entered mass production. "We currently produce pure electric cars, models covering the family, service, logistics and other fields, the prospects for the development of new energy vehicles full of confidence." Zotye new energy automobile, general manager Jiang Wei Dong said.
The city in 2011 began to promote new energy vehicles, there are currently more than 800 vehicles in operation, with the largest amount of individual cities. Condit main sales growth this year in Hangzhou.
High three policies gold
"The new policy allows companies are more confident about the prospects!" Condi electric car company manager should enter Feng Jinhua, said in July the state introduced three real money is good policy, in another year, the electric car company's situation will better.
July 9, the State Council executive meeting decided that from 1 September 2014 to the end of 2017, of the three types of new energy vehicles exempt from vehicle purchase tax, people can spend less accounted for 10% of the purchase price of taxes and fees. July 13, the State Government Offices Administration of the joint Ministry of Finance, Ministry of Science, the Ministry of Industry and Information Technology, the National Development and Reform Commission issued the "government agencies and public institutions to buy new energy vehicles plan", from 2014 to 2016, the Central State agencies and government agencies to promote the application of new energy vehicles and public institutions to buy the city's new energy vehicles equipped with updated percentage of the year's total of not less than 30%, increase in subsequent years. July 21, the State Council issued the "Guiding Opinions on Accelerating the promotion and application of new energy vehicles," from speeding up charging facilities, and actively guide enterprises to innovative business models, promote the popularization and application of public services lead to further improve the policy system, get rid of the place six aspects of protection, boost industrial development.
"Guiding Opinions on Accelerating the promotion and application of new energy vehicles," also called in 2016 after the introduction of the end date of the policy in advance, so that businesses can plan for the future there are plans to enhance confidence in the long-term development.
Ying Jin Feng said previously cashed up support policies more difficult, the introduction of the policy, such as the government set aside an annual settlement, so that enterprises reassured. The new policy fully into account the difficulties facing enterprises. For example, the electric car industry bottlenecks on the battery and charging pile. "Opinions" for the lack of charging facilities, particularly initiates charging infrastructure development planning and technical standards will be incorporated into urban planning, and improve land and electricity charging infrastructure policies to encourage public entities to accelerate internal parking charging facilities.
Enterprise innovative ways to promote their products
New energy vehicles due to the lack of service network to promote difficult. August 7, urban Condit a customer to consult a car costs, the battery performance, mileage, prerequisites, hanging back, "I lived at the top, do not own a garage, Shangna Zhao a 16A air-conditioning outlet for charging it? "
"Traditional car in the desert, they are just a bunch of scrap!" Jin Feng Ying said the same token, if there is no perfect city charge for battery service network, the people it is difficult to put into practice the will. To explore the market, the relevant business innovation models, such as battery leasing, vehicle electrical separation.
Last year, Condi explore ways to promote the vehicle lease, just like public bicycles, build body set point in the city garage, centralized management, centralized charging, centralized maintenance. This trick in Hangzhou achieved good results, the promotion of thousands of cars, this year for the promotion of 500 in Jinhua. 2013, Condit and Geely jointly established Rugao, Shanghai, Changxing base, and work closely with the universal, the power of God and other battery manufacturers.
In Zotye Yongkang production base, start from the mold, the workers create automotive sheet metal parts, and then tens of thousands of parts assembled into a car. "People are the core components of the Thai automotive own production, we will continue to improve new energy technology products, and actively explore the market use a variety of modes." Zotye Holding Group Co., Ltd. Chairman Wu Jianzhong said.
October 2009, Zotye and Putian new energy company CNOOC entered into a strategic cooperation agreement on the promotion and application of new energy vehicles. Agreement to provide each series Zotye electric vehicles developed by CNOOC Putian focus on the development of new energy security of supply, worked out a set of new energy vehicles to promote the application mode. Wu Jianzhong said Zotye automobile circumvent their technical weaknesses, do not do the battery, not charging equipment, all done by partners.
From market to foster the development of
Dramatic development of automobile industry, after 100 years, has returned to the starting point.
Before the 1920s, the Ford T-shaped car was born, in a car where the charging station is actually more than the gas station. But with gasoline engine technology matures, to the 1950s, the electric car is almost gone.
Now, with the increasing awareness of environmental protection and strengthening global energy crisis, the electric car once again become the focus. Meanwhile, with the birth of a wide variety of applications as well as electronic, electrical and computer technology, new materials, the automotive industry is facing a profound revolution.
Many industry insiders believe that, compared to conventional cars, China's new energy vehicle development level and the international most advanced level gap is not, has the opportunity to turn to overtake. "New energy vehicle sales, the United States has 100,000 a year, Japan is 40000, China this year is expected to reach 40,000 to 50,000." Analysis of the industry, there is not much difference between the three new energy vehicles in essence, are in the initial stage, China does have the opportunity to lead the world.
The Government also saw no advantage of new energy automotive exhaust pollution, and the automotive industry on the downstream industries strong driving force. The city set up a new energy automotive industry park in the south of the urban Second Ring Road, covers an area of ??9.5 square kilometers.Condi car industry in the next three years will increase investment, an annual 100,000 pure electric vehicle industry scale.
Source: Author: Ruan Feng Sun Wubin Editor:
By Bloomberg News Aug 11, 2014 8:33 PM CT
http://www.bloomberg.com/news/2014-08-12/china-s-stock-index-futures-decline-before-economic-reports.html?cmpid=yhoo
Chinese equities rose for a second day in U.S. trading after Bitauto Holdings Ltd. (BITA) and Kandi Technologies Group Inc. (KNDI) reported better-than-estimated earnings.
Bitauto, a Beijing-based car information and sales website, jumped 9.9 percent to the highest since its U.S. debut in 2010. Jumei International Holding Ltd., an online retailer of beauty products, rose for a fourth day to a record, while Kandi, a Chinese maker of electric vehicles, extended its 2014 surge to 62 percent.
Hangzhou's first pure electric car rental station is about to enter the trial operation stage
2013-08-11 22:13:32 zero-emission car network - focused new energy vehicles , hybrid vehicles ,electric vehicles , fuel-efficient cars and other news User Reviews 0 Article
Recently Hangzhou's first pure electric car rental stand Lake District swing technology park construction is completed, about to enter the trial operation stage.It is understood that pure electric buses with short-term hourly based, within the scope of the main city of Hangzhou, charge 20 yuan per vehicle per hour, before the end of this year is expected to Hangzhou West Lake District planning to build more than 40 seats similar to ...
Pictured August 4, the staff at the check to a pure electric bus charging case
Recently Hangzhou's first pure electric car rental stand Lake District swing technology park construction is completed, about to enter the trial operation stage. It is understood that pure electric buses with short-term hourly based, within the scope of the main city of Hangzhou, charge 20 yuan per vehicle per hour, before the end of this year is expected to Hangzhou West Lake District planning to build more than 40 seats similar to the garage, plan to invest approximately 5000 ~ 10,000 electric vehicles.
Shaoxing introduction of new energy vehicles to promote the program explore timeshare rental model
2014-08-11 11:32:10 Source: Shaoxing network
In Shaoxing streets, is expected to appear new energy vehicle rental outlets, then the public will be able to like Shaoxing public bicycle rental as convenient, fast, low-cost use of new energy vehicles up. Reporters learned from the City Commission by letter, in order to accelerate new energy vehicles to promote the application of "new energy vehicles Shaoxing application implementation plan" was formally introduced recently.
As the city of Shaoxing, Zhejiang Province, the group members included the new energy automotive application areas, planned to the end of 2015 to promote new energy vehicles 1500. Anticipated that these new energy vehicles will be approached by the general public in various forms, including rental model for low cost, easily accepted by consumers, or will become one of the major exploration Shaoxing promotion model.
Walk, rent a car to go to new energy
Latest released "Shaoxing promote the use of new energy vehicles plan" for Shaoxing new energy car rental sketched out several different implementations of channels, including the promotion and application of new energy taxi, new energy vehicles timeshare rental, as well as pure electric vehicles Community groups rent mode mode. Before long, the general public will be able to Shaoxing through these methods, and new energy vehicles to a close contact and experience the legendary glamor of new energy vehicles.
According to the plan, Shaoxing advance will provide 200 new energy taxis operating indicators to guide social capital to form a new energy taxi companies, taxi operations involved in new energy work, while Shaoxing encouraging traditional taxi service company in the taxi when updates and new Select New Energy Taxi (ratio of not less than 50%), and the use of new energy taxi companies operating indicators give appropriate incentives to mobilize the operating companies to purchase and use of new energy taxi enthusiasm.
Timeshare rental model is expected to make more ordinary people can easily open new energy vehicles. Shaoxing is envisaged, will support private capital to launch a new energy car rental business, explore the "micro-bus" in the form of new energy car rental business. "Pre Preliminary considerations about the establishment of 10 new energy car rental outlets (each dot 30 cars) in the vicinity of the station, tourist attractions, schools, government agencies, etc., the use of time and billing approach offers a car rental service. Coming, then according to operations, and gradually increase the distribution, to expand coverage. "said the person in charge of relevant departments.
Another leasing model called "pure electric vehicle community groups rent", this leasing model is more interesting, the equivalent of the implementation of a pure electric vehicle "group rent" residents in the community: the conditions for communities with a pure electric car rental companies to carry out co-residents pay an annual fee as long as a certain amount (including vehicle insurance, deposit, rental, etc.), can be obtained using pure electric vehicles a year in power.
"Currently, new energy vehicles is at a critical period of development, but because consumers do not know much new energy vehicles, coupled with the current facilities still not complete, the high price of new energy vehicles and other reasons, so the popularity of new energy vehicles not high enough, and by leasing model is expected to address these bottlenecks, allowing the public to experience the new energy vehicles, in order to better accept the new energy vehicles and accelerate the promotion of new energy vehicles. "Zhang Rong analysis of Shaoxing University professor said that from Shaoxing current market realities, the rental model or the promotion of new energy vehicle market the best and most efficient mode.
These successful experiences or helpful
At present, Hangzhou, Wuhan, Beijing, Nanchang and other cities have begun to try to hire outlets and other models, hoping to further activate the new energy vehicle consumer market. Stones from other hills may serve to polish jade. Yesterday, the reporter for collecting the successful experience of more than a dozen cities in the hope that these experiences will give some inspiration Shaoxing, Shaoxing help promote new energy vehicles more smoothly.
As early as last May, Beijing Tsinghua Science Park will be sharing pilot new energy automobile leasing business, two hours of rental costs only 49 yuan; Shanghai in June that year the first batch of new energy car rental licenses issued, also in October last year, Hangzhou new energy car rental project has officially started, people pay 1000 yuan deposit, with valid ID card and driver's license can hire new energy vehicles, rent by the hour settlement, 20 yuan per hour; Wuhan electric car rental, one year's rent As long as more than 5000 yuan, the vehicle lease period in question, accident or unknown matters, responsible for processing by enterprise.
Just last month, Hangzhou has launched a new model of community groups to rent, community residents need only pay 3675 yuan and 1000 yuan deposit insurance, you can put an electric car to go home. "Do not rent a penny, just to pay insurance premiums, deposits and other maintenance and repair work of the battery by business executives, residents do not need an additional cost." This promotion mode allows many residents are quite seductive, corporate ambitions are that such a model by knocking a community, and slowly expanded to a street, then a district, to a city, and a breakthrough in the promotion of new energy vehicles, on innovation in business models.
Ultra-five adult willing to buy new energy vehicles expected to be introduced this month in Hangzhou subsidies Deal
Time: 2014-08-10 10:17:46
Purchase of Hangzhou , Yao Hao electric cars can not be able to on the card, which makes the frustration experienced the first wave number is very low success rate of Hangzhou consumers see a glimmer of hope. However, due to the subsidy policy is not in place, a lot of people who want to buy new energy vehicles, had to wait and see. Reporters learned yesterday from the car at the Commission by letter of Hangzhou, Hangzhou new energy policy is expected to be launched this month.
Hangzhou new energy vehicle policy
Is expected to be launched this month
"New energy vehicles are quickly solved most mature supporting facilities construction and technology." The official said, after the new energy vehicle demonstration in Hangzhou and other cities to implement for some time, and now are experiencing some of the more practical issues, such as new lack of alternative energy car models, charging and other facilities imperfect.
Happily, these practical issues are being cracked is understood, has been to make new energy vehicles in Hangzhou Hangzhou consumer concern subsidy policy, expected to be launched this month. Yesterday, the reporter interviewed the Director of the Commission by letter car at Hangzhou Wei Zhaohong According to reports, one of the first batch of new energy vehicle pilot cities, Hangzhou in August 2010 issued a Hangzhou private purchase of new energy vehicles subsidy pilot implementation of the program, the individual maximum subsidy 60,000 yuan, but the expiration of last year, the New Deal policy has not been introduced. optimistically, the state subsidy plus local subsidies, if there is buy subsidized policies, Hangzhou purchase of new energy vehicles is expected to get up to 10 million yuan in subsidies. so, people buy new energy vehicles enthusiasm undoubtedly will be greatly increased.
The electric car facilities are constantly improved. According to reports, the construction of Hangzhou has accumulated 62 cradle for power plants and distribution stations, five charging stations, 620 AC charging, put into operation 27 for power plants. Hangzhou city on average every 2 Charger for power plants (distribution points) service interval of approximately 4.5 km, the initial formation of town 15 minutes charging for electric service circle.
Individuals can self-charging electric pile, is undoubtedly more practical good. Late last month, National Grid announced that it will participate in the introduction of social capital distributed power and network engineering, electric car charging station facilities. Accordance with this provision, in the future, personal fixed parking spaces and residential property if approved, may self parking charge in piles for the new energy vehicle charging, residents enjoy five cents was the price. Weizhao Hong said that the future of electric vehicles in Hangzhou individual needs charging pile, now, more will be provided to the individual modes by car dealers.
More than half of respondents
Willing to buy electric cars
In order to understand everyone's interest in new energy vehicles, the newspaper also conducted a survey results showed that 53 percent of respondents said they would buy new energy vehicles, in which families have two cars or more consumers to buy higher willingness to 5 ten thousand yuan to 150,000 yuan of new energy models the most popular.
Currently on the market to choose from, such as electric cars is not much, but the price is probably high, with the level of electric cars than gasoline versions of the car will often price much higher, even up to double, which is a lot of consumer An important aspect of those electric cars hesitation. "If the electric car after car subsidized gasoline prices almost enough." Many respondents said so. understand that the next three to five years, the cost of new energy vehicles exist some decline in space. "may fall 30% to 40%." relevant professionals said that the new energy vehicle market, after all, has just started, technology unlike gasoline cars so mature, too little sales and car sales rise if it's late selling price will be significantly decreased.
Our built
Unified national directory of new energy vehicles
Recently, the Ministry of Industry and Information Technology was held in Beijing to promote new energy vehicles meeting, invite the person in charge 39 cities to participate in the promotion of demonstration is understood that one of the main topics of the conference is to clean up local protection.
Before, many cities have introduced local directory, the number of non-local car company's products are excluded. Example, in Beijing you buy Roewe, BYD and other new energy vehicles will not be subsidized.
In this regard, the Automobile Association, said the person, should be phased out to set the directory, the establishment of a unified national directory of new energy vehicles is understood, Shanghai local protection policies for new energy vehicles has begun to loosen. Except for Tesla free distribution license In addition, BYD dual-mode electric vehicle Qin, Beijing Automotive, Chery, JAC and other foreign brands variety of pure electric cars into the subsidy pilot program in Shanghai.
Across the country to push new energy vehicles enthusiasm
Beijing -
Provisions of the new district with a pile of parking charge to account for 18 percent, electricity also need to reserve in advance.
Shanghai -
Local subsidy policy, outside the central subsidy, Shanghai where there are subsidies.
Wuhan -
New energy vehicles free of urban road bridge and tunnel tolls, free public charging facilities at designated places charging, tail number is not limited by time in city driving. Additionally, units or individuals to purchase the use of new energy vehicles, Wuhan City, according to state subsidies Standards give 1:1 of local matching subsidies.
Xi'an -
On the purchase of pure electric vehicles, plug-in hybrid vehicles and fuel cell vehicles to units and individuals, according to the national government subsidies, according to 1:1 to give matching grants. Moreover, the next two years, Xi'an taxi will all use the new new energy vehicles, the official car also pioneered the use of new energy vehicles.
Jiangsu -
The central government will follow the standard 40 percent subsidy on the purchase of new energy vehicles subsidies, subsidies to local governments of not less than 60%.
Ultra-five adult willing to buy new energy vehicles expected to be introduced this month in Hangzhou subsidized by the New Deal safety net www.anfone.com edited abundance, more so stay tuned for new energy vehicles unified standard catalog channels.
KNDI is recommended by Citi Orient Securities investment banking director Qi Hongwei
We are optimistic about the next two years of miniature electric cars in a big bang, barbaric growth, is expected to reach 30,000 this year, the size of next year is expected to impact even break 100,000 mark.
The vehicle benefit the most, lithium elastic largest power batteries are currently the most scarce industrial chain links...Overseas concern BAK Battery, Guangyu International, Condi car industry.
(A) to obtain automobile production qualification
First mini electric car is a car, you must obtain production qualification of the car. This is the biggest difference distinguishes lead-acid low-speed vehicles, strictly speaking, is not a lead-acid automotive low-speed vehicles, motorcycles and cars are free at the edge of transport, and does not require driver's license.
Automobile production qualification with scarcity. At present, only a few dozen companies have qualified, and is mainly controlled by the traditional auto giants, transfer difficult and expensive. So calling is a more realistic option, but anchored require the consent of the other party, and there is interest divided. Condit is currently anchored in the auspicious time and space, is anchored in the two new ocean Zotye, after both car production qualification.
5 Investment Strategy:
(1) Vehicle: The most direct beneficiaries
Barbaric growth of micro electric car, because car prices to find a profit model, there is no doubt that the biggest beneficiaries are car prices themselves. Listed companies, in addition to stocks of Condi car industry, the current A-share has no direct subject, BYD is a potential entrants.
You're leaving out Blue Sky,legacy business and the 9 percent of ZZY.
Blue Sky....
http://www.landisonhotels.com/hotel/hotel/detail.htm?code=LDSHZ&type=TBYH
Yesterday, Mr. Huang, who lodged at the Landison Plaza Hotel, spotted several Smart-like small cars parked in front of the hotel. These green-and-white small cars were marked with three characters “wei-gong-jiao” (“microbus”).
In fact, these leased “micro-bus” are pure electric cars that come in 2-seater and 4-seater two models, equipped with the charging port located slightly below the gas filler as seen in conventional cars. A “microbus” like this can run 60 km when fully charged.
According to the staff of the “micro transportation” operating company, Zhejiang ZZY EV Service Company, there are currently a total of 21 “microbus” stations in Hangzhou--16 at the high-end hotels, including the one at Landison Hotel, and independent leasing sites in other areas.
16 leasing stations at the top-tier hotels
In fact, at the end of last year, when Hangzhou held a symposium campaigning “Microbus Stationed at Top-end Hotels, Branding New Image of Hangzhou”, the mini EV easy rental had already attracted quite a few interested hotel managers.
So far, 16 hotels – including the Dragon Hotel, Huagang HNA Resort Hotel and West Lake Hillview International Hotel Hangzhou – have introduced “microbus” on site. For the next stage, the number of the contracted hotels will increase.
How is the business of “microbus” at the hotels?
According to a staff member at the Landison Hotel, “the ‘microbus’ service here is quite popular. We have 8 EVs. We often have only 1-2 cars available for rent and sometimes even run out of cars. Guests are encouraged to reserve in advance.”
This staff member also mentioned that most of the renters are non-locals who stay at the hotel. Since they don’t usually drive into the city and find interest in the novice “microbus”, they will try the rental to tour around the city. Some hotel restaurant guests also rent the cars, but the number is far less than that of the overnighters’.
Special discount/Lower Fare for the hotel guests
A Landison Hotel staff member said that this hotel leasing point, supplied with 8 EVs and equipped with charging pile, became operational in June. There is also a specialist who gives instructions to the renters.
The renter only needs to present his personal ID, show his driver’s license, and pay 1,000-Yuan deposit (for violation) for the rental. The rental fee in general is 20 Yuan/hr. for a 2-seater and 25 Yuan/hr. for a 4-seater.
However, to enhance the positive lodging experience, Landison Hotel also introduced a rental discount promotion. Those who book the deluxe guest room are awarded with the rental service for 1 Yuan per hour. During the promotion period, those who are “Elite Club” members can also enjoy similar deals during their stay.
Last February, the Dragon Hotel became the first top-tier hotel that provided operational “microbus” leasing services with 10 EVs on site. Similar to the Landison Hotel, this leasing station provides rental service to the public as well as a special discount rental for the designated hotel room guests.
This year’s target: 100 “microbus” stations
The Hangzhou “micro transportation” project is operated by Zhejiang ZZY EV Service Company, which is a JV of Zhejiang Geely Holding Group and Kandi Technologies Corp..
Last October, Hangzhou launched the first “pure electric microbus”. As of now, there are 21 “microbus” stations- including 16 surface leasing points at Hangzhou high-end hotels, 4 at vertical parking garages and 1 roadside station.
According to the staff of ZZY EV Service Company, more than 1,000 “microbuses” are running in the city of Hangzhou.
Although the idea of “micro transportation” is to promote green and easy travel, the scarcity of the leasing points has somehow affected the renters’ experience. According to a Hangzhou hotel employee, there are no “micro transportation” stations at some of the traffic hubs most frequented by the hotel guests, such as airports and train stations. It proves to be a serious limitation to the rental business. Several months ago, a tourist planned to visit a scenic site but happened to encounter “limited driving”, which also inconvenienced the rental.
In fact, the ZZY company representative is well aware of the existing dilemma of the “micro transportation”: not enough leasing points for greater coverage, which is essential to establish the overall operational service system. However, the representative also remarked that the problem would gradually diminish with the completion and improvement of the network stations and the increased deployment of EVs.
ZZY also plans to complete about 100 “micro transportation” vertical garages and surface stations. In addition to the hotels, ZZY also expects to collaborate with supermarkets. Moreover, ZZY aims to improve their customer service by implementing APP, online and telephone reservations.
Some may be afraid of earning release.
I see thinks no differently.
I'm holding.
BULL
It's happening......Right now....Opening Second Factory. The ramp is upon us....
Restructuring and development of new energy vehicles to carry the banner
Author: Lee Yu Bo Source: Jinshan reported Hits: 202 Published: 2014-8-6 12:18:00
Every morning, Wang Feng Jing resident driving his electric car rental from Condit (Shanghai) Co., Ltd. to the electric car Benedict lengthy work, car four months ago, Mr. Wang to the car close to the word "micro-bus" electric car overall feel good. "In the town of the district that running just fine, the charge is also very convenient."
Wang driving Condi "micro-bus" electric vehicle produced at Fengjing town's original Shanghai Maple Automobile production base. Last year, in the district and town levels of government to work together, Shanghai Maple Jinshan Feng Jing base clear new direction of development - in new energy vehicles and key technology industry gradually replace traditional fuel vehicle technology and industry. Change all original Maple enterprise products to Zhejiang Geely Enterprises Ltd. Shanghai Branch, Shanghai base vehicle to retain production and sales qualifications; ??? run with Zhejiang Condi Condi car industry co-investment established electric vehicle (Shanghai) Co. The company, using the original Maple Automobile factories and production lines with an annual output of 50,000 sets of investment in building an electric car parts project.
Today, the company's monthly production of nearly Condi Condi cars electric cars, from last year, has so far settled in the production of electric cars over 3000, from July this year included the size of the enterprise. Data show that in March 2014, the national production of pure electric cars 1894, while the Shanghai Maple Condi produced electric car production topped up to 943.
Transition to the new energy automotive industry from traditional fuel automobile industry has become one of the priorities in the future Fengjing Town industrial transformation and upgrading; where the development of new energy Condi Maple electric cars and hybrid vehicles is a top priority. This year is expected to produce 15,000 electric vehicles, in 2015 the production of 25 000, 2016 reached 50,000; critical part of the hybrid vehicle engine assembly, gearbox, etc., have successfully developed, the next three years, the vehicle will be put into production, annual output expected to reach 10,000 units.
Also in the last year, the region's 39 vehicles and key parts scale enterprises totaled 4.986 billion yuan output value, accounting for 7.6% of the eight industry clusters output value, an increase of 20.8%, exceeding the average growth of eight industry clusters 11.1 percentage points. Accumulated profit 367 million yuan, an increase of 38.2%, the contribution to regional development was further enhanced. Where Lu Zhen Magna car mirror (Shanghai) Co., Ltd. cumulative output value reached 1.19 billion yuan, an increase of 18.9 percent for two consecutive years in the value of over 1 billion yuan to become industry leaders.
This year, car and key components scale enterprises still robust growth momentum in our region, is expected to achieve output of 6.5 billion yuan, of which the existing scale enterprises can achieve output of 5.5 billion yuan; has been completed and put into the seven companies, is expected to achieve output of 8 billion yuan; cap structure of the two companies are now expected to achieve output of 200 million yuan.
"Directory" for vehicles made exempt from the requirements: new energy vehicles must be licensed in China for sales of pure electric vehicles, plug-in (including by program) hybrid vehicles, fuel cell vehicles. Also, the battery does not include the use of lead-acid batteries; pure electric driving range to meet the requirements; through special testing of new energy vehicles, comply with the new energy automotive standards.
Only MIIT licensed EV's and Hybrids on the National Directory qualify for this tax break (i believe this sales tax is 10% of the purchase price)? It sounds like it's the same list of cars that qualify for subsidies.
And.....Foreign (Tesla, etc.) EVs DON'T qualify for China subsidies - do they also not get this tax break too?
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.d1ev.com/news/industry/2014080733461.html&usg=ALkJrhgwSDuRxsDlyHJ41D66VwoXJz7HNA
Ministry of Finance Joint Announcement: September 1 shall be exempt from the new energy vehicle purchase tax
[Abstract] Ministry of Finance, State Administration of Taxation, the Ministry of the 6th joint announcement, the decision since September 1, 2014 to December 31, 2017, for the purchase of new energy vehicles exempt from vehicle purchase tax.
Ministry of Finance, State Administration of Taxation, the Ministry of Industry and Information Technology jointly issued a notice on the 6th, the decision since September 1, 2014 to December 31, 2017, for the purchase of new energy vehicles exempt from vehicle purchase tax. By publishing "exempt from vehicle purchase tax for new energy vehicles models directory" Implementation Management.
"Directory" for vehicles made exempt from the requirements: new energy vehicles must be licensed in China for sales of pure electric vehicles, plug-in (including by program) hybrid vehicles, fuel cell vehicles. Also, the battery does not include the use of lead-acid batteries; pure electric driving range to meet the requirements; through special testing of new energy vehicles, comply with the new energy automotive standards.
Since Day "catalog" release, the purchase included in the "catalog" of new energy vehicles exempt from vehicle purchase tax; acquisition time for a unified motor vehicle sales invoice (or a valid certificate) on the date specified.
Here is the original announcement:
Announcement on new energy vehicles exempt from vehicle purchase tax
State Administration of Taxation, Ministry of Finance People's Republic of China People's Republic of China Ministry of Industry and Information Technology
Notice No. 53 of 2014
To promote the strategic transformation of our transport energy, promote the construction of ecological civilization, to support the development of new energy automobile industry, with the approval of the State Council, will now be exempt from the new energy automotive vehicle purchase tax announcement is as follows:
One, since September 1, 2014 to December 31, 2017, for the purchase of new energy vehicles exempt from vehicle purchase tax.
Second, to be exempted from vehicle purchase tax for new energy vehicles, by the Ministry of Industry and Information Technology, the State Administration of Taxation issued by "exempt from vehicle purchase tax for new energy vehicles models directory" (hereinafter referred to as "directory") implementation and management.
(A) included in the "catalog" of new energy vehicles shall also comply with the following conditions:
1 to obtain license sales in China pure electric vehicles, plug-in (including by program) hybrid vehicles, fuel cell vehicles.
Power Battery 2 does not include the use of lead-acid batteries.
3 pure electric driving range shall comply with the requirements of Annex 1.
4 plug-in hybrid passenger cars comprehensive fuel consumption (excluding energy into fuel consumption) with the existing national standards of conventional fuel consumption of less than 60% compared to the corresponding target; plug-in hybrid electric commercial vehicles Integrated fuel consumption (excluding the electrical energy into a fuel consumption amount) with the existing national standards, conventional fuel consumption of less than 60% as compared to the corresponding limits.
Adoption of new energy vehicles, special testing, comply with the new energy automotive standards. Specific requirements in Annex 2.
(B) the automobile manufacturers or imported car dealers (hereinafter referred to as enterprises) Submit "catalog" application report to the Ministry of Industry and Information Technology. Specific requirements in Annex 3.
Enterprise application shall also comply with the following conditions:
1 produced or imported in line with the inclusion of "directory" conditions of new energy vehicles.
2 of the key components of new energy automotive battery, motor, electronic control to provide not less than 5 years or 100,000 km (whichever comes first) warranty.
3 there is a strong after-sales service support capabilities.
(C) Ministry of Industry and Information Technology and the State Administration of Taxation and other departments, enterprise application materials submitted for review; through a review of the models included in the "Directory", by the Ministry of Industry and Information Technology, the State Administration of Taxation issued.
Since Day "catalog" release, the purchase included in the "catalog" of new energy vehicles exempt from vehicle purchase tax; acquisition time for a unified motor vehicle sales invoice (or a valid certificate) on the date specified.
(D) the Ministry of Finance, State Administration of Taxation, the Ministry of Industry and Information Technology and other departments will be timely to organize "directory" models special inspection. Enterprise responsible for the authenticity of the application materials and product quality. Inconsistent with the application materials for the product, the product does not meet the performance requirements, or provide other false information to defraud included in the "Catalog" models qualified enterprises, cancel the declaration vehicle exempt from vehicle purchase tax policy qualifications, and be dealt with in accordance with the relevant provisions.
(E) the Ministry of Finance, State Administration of Taxation, the Ministry of Industry and Information Technology will be based on our standard system of new energy automobile development, technological advances and changes in models, timely revision, adjustment included in the "catalog" model conditions.
Third, according to the Ministry of Industry and Information Technology, "catalog" OK vehicles exempt from vehicle purchase tax, the tax authorities pursuant to apply for tax exemption.
(A) tax-exempt identification mark.
1 Ministry of Industry and Information Technology Electronic Information in the motor vehicle certificate added "inclusion" vehicle purchase tax exempt from the new energy vehicle models directory "" field.
2. included in the "catalog" of new energy vehicles, motor vehicle when the vehicle factory enterprise uploaded certificate information in the "inclusion" vehicle purchase tax exempt from the new energy vehicle models directory "" field marked "yes", That exemption logo.
3 The Ministry of Industry and Information Technology Enterprises upload vehicle vehicle factory certificate of exemption identification information for review, and audit by the information transmitted to the State Administration of Taxation.
(B) the tax authorities in accordance with the Ministry of Industry and Information Technology of vehicles transferred certificate of exemption electronic information to identify, apply for tax exemption.
Accessories:
1 new energy vehicles require pure electric driving range
2 new energy automotive products special test directory
3 "exempt from vehicle purchase tax for new energy vehicles models directory" Application Report
Ministry of Finance State Administration of Taxation, the Ministry of Industry and Information Technology
August 1, 2014
Monday
I don't get the question. please elaborate.
OT, VOIS, sub penny, .002 currently. Starting buying yesterday.
I feel this is the future. The price is right.
http://mindsolutionscorp.com/
BULL