Currently, electrification, intelligence, and connectivity have become the trendsetters for the development of the automobile market. On November 20, the 18th Guangzhou International Automobile Exhibition kicked off. More and more car companies are rushing into the field of new energy vehicles and "flexing their muscles" at this auto show with new cars, new brand strategies and new technological achievements. .
Behind the enthusiasm of the Guangzhou Auto Show is the gradually restored confidence of vehicle companies, upstream and downstream parts companies, automobile practitioners, consumers and other participants. According to statistics from the China Association of Automobile Manufacturers, the national new energy vehicle production and sales in October increased by 69.7 and 104.5 respectively year-on-year. From January to October, although the growth rate of new energy vehicle production and sales declined compared with the same period last year, the decline was sharper than that from January to September. narrowed by 9.5 and 10.6 percentage points.
Recently, the State Council issued the "New Energy Vehicle Industry Development Plan (2021-2035)", which makes overall arrangements from the aspects of technological innovation, industrial ecology, integrated development, infrastructure, open cooperation, etc., and provides the industry with Medium- and long-term healthy development points the way and boosts confidence. In terms of taxation, the plan proposes to improve the policy and regulatory system and implement preferential tax policies related to new energy vehicles.
Guangdong is one of the major automobile production bases in China. The automobile industry cluster has obvious advantages. Independent brands such as BYD, GAC Trumpchi, and Xpeng Motors have gradually developed and grown. In order to promote the high-quality and sustainable development of the new energy vehicle industry and accelerate the construction of a powerful automobile country, the Guangdong Provincial Taxation Bureau fully supports the development of the regional new energy vehicle industry and implements preferential policies with the goal of "fast, practical and meticulous". Help 100 new energy vehicle companies enjoy tax support policies.
Automobiles are not only travel tools, but also the strategic commanding heights of new technology and advanced manufacturing in the future, occupying an important position in the industrial economic system. Currently, the automobile industry is in the midst of a century-old transformation. The advent of new energy vehicles has given the automobile, a modern means of transportation that has been around for more than a century, more functions and imagination. This has also brought about changes in the industrial value chain and ecology. Changes in service.
After years of cultivation and development, Guangdong’s automobile industry has formed a relatively complete industrial system. Its vehicle research and development capabilities have been significantly enhanced, quality levels have been steadily improved, independent brand cultivation has made positive progress, and new energy vehicles are at the leading level in the country. It has become an important automobile industry base in my country.
In order to cultivate and expand the growth points of green development, Guangdong Province issued the "Guangdong Province Action Plan for Developing Strategic Pillar Automobile Industry Clusters" this year, and proposed that by 2025, automobile production will exceed 4.3 million units, of which new There are more than 600,000 energy vehicles and more than 150,000 public charging piles for new energy vehicles.
However, at the beginning of 2020, the COVID-19 epidemic suddenly hit, and the automobile industry fell to a freezing point, but it also promoted profound supply-side changes in the new energy automobile industry.
In order to help Guangdong build a strategic pillar industry cluster for automobiles and accelerate the development of the new energy automobile industry, the Guangdong tax department actively implements preferential tax policies. During the epidemic period, we actively promoted tax preferential policies, flexibly provided "non-contact" services, solved the "urgent needs" of enterprises, launched online "expert consultation-style" counseling, etc., continuously optimized the tax payment service experience, and helped enterprises resume work and resume work. production, promoting the development of Guangdong's new energy automobile industry into the "fast lane".
As the core carrier of GAC Group’s new energy vehicle business, GAC Aian New Energy Vehicle Co., Ltd. (hereinafter referred to as “GAC Aian”) has delivered more than 100,000 vehicles since its establishment in July 2017. , breaking the fastest delivery record in the smart car market.
In 2020, GAC Aian's sales bucked the trend and rose. From January to November, the cumulative sales volume was approximately 53,000 vehicles, a year-on-year increase of approximately 61%.
At the same time, the company seized the development opportunities and launched the "four-in-one" integrated electric drive with the support of more than 70 invention and application patents, bringing the Aion series models into the era of acceleration from 0 to 100 kilometers in 2 seconds.
Charging issues are an important factor limiting the development pace of new energy vehicles. Guangzhou Yiwei Energy Technology Co., Ltd. (hereinafter referred to as "Ewei Energy"), which is accelerating its layout in the charging pile market, was affected by the epidemic in the first half of this year and the construction speed has slowed down. However, with the dual incentives of policy subsidy funds and tax preferential funds, Next, the construction speed accelerated significantly in the third quarter.
According to Yin Hong, regional manager of the charging business service department of Eway Energy, in the third quarter of this year, the company entered nearly 200 new stations and nearly 1,000 new piles.
In just 5 years since its establishment, Yiwei Energy has become the largest community charging service provider in China, benefiting from preferential policies and tax dividends, such as exemption from corporate income tax on subsidies for new energy charging facilities and reduction of social security fees during the epidemic. etc., Yiwei Energy’s operating costs have been significantly reduced.
In addition, thanks to policy dividends, the sales of new energy vehicles have risen against the trend, which is also inseparable from the improvement of corporate R&D and innovation capabilities. Guangzhou Xpeng Automobile Co., Ltd. (hereinafter referred to as "Xpeng Automobile") was established in 2014. It is not only China's leading smart car manufacturing company, but also a technology company that integrates cutting-edge innovations in the Internet and artificial intelligence.
"Last year, our R&D expenses plus deductions and exemptions from corporate income tax exceeded 200 million yuan. In the first half of this year, the direct reduction and exemption of social insurance premiums exceeded 100 million yuan, which directly alleviated cash flow pressure." Xpeng Motors Financial Director Tang Kangkang said.
It is understood that in 2019, Xpeng Motors invested more than 2 billion yuan in research and development expenses, and the strong preferential tax policies have injected more "source of living water" into the company's continuous innovation. From January to August this year, Xpeng Motors also enjoyed the support of preferential tax policies such as a phased social insurance premium reduction and exemption of 33 million yuan, an 84 million yuan tax refund for excess tax credits, and additional tax deductions for R&D expenses and accelerated depreciation of fixed assets.
During the epidemic, with the support of the tax department, Xpeng Motors overcame difficulties and launched the Xpeng P7 ultra-long-range smart coupe, which was favored by many customers and injected a dose of " cardiac". Driven by powerful intelligent dual engines, P7's localized autonomous driving performance is outstanding, and the interconnection of everything and the open intelligent ecosystem lead smart travel life.
In August, Xpeng Motors (NYSE: XPEV) was officially listed on the New York Stock Exchange, becoming the third company after NIO (NYSE: NIO) and Li Auto (NASDAQ: LI) A new Chinese car-making force that has successfully been listed in the United States.
In the first half of this year, despite the year-on-year decline in automobile production and sales affected by the epidemic, the Guangdong Provincial Taxation Bureau continued to increase tax relief for companies with high R&D investment. As the epidemic is gradually controlled and the economy gradually recovers, On the supply side of the industry, new models are constantly being launched, and production and sales are recovering rapidly.
In the future, as the cost of parts and components decreases, intelligent network technology advances, and charging and swapping infrastructure improves, the competitiveness of new energy vehicle brands in Guangdong Province will continue to improve, and the industry will usher in a new growth cycle , truly moving from "tax policy driven" to "market driven".