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Zhang Xiang, Director of the New Energy Vehicle Technology Research Institute of Jiangxi New Energy Technology Vocational College, Shenzhen should strengthen the layout of ecosystems such as automotive core chips and
Recently, Shenzhen's economic data for the first half of this year was "outlined". According to the unified accounting results of Guangdong Province's GDP, the city's GDP in the first half of 2022 was 1501.691 billion yuan, a year-on-year increase of 3.0%. Shenzhen's industrial production recovered very quickly, and the city's industrial added value above the scale increased by 5.9% year-on-year. Among the major industries, automobile-related industries have performed particularly well. Statistics show that in the first half of the year, Shenzhen's automobile manufacturing industry above designated size increased by 91.1%. In addition, Shenzhen's main high-tech products continued to grow rapidly, among which the output of new energy vehicles increased by 174%, and the output of charging piles, which are closely related to new energy vehicles, increased by 164%. What signals are released behind these numbers
? What opportunities and challenges will Shenzhen’s new energy vehicle industry face? Recently, Nandu's "Big Money in the Bay Area" Insight into the 2022 series of interpretations, specially invited Zhang Xiang, director of the New Energy Vehicle Technology Research Institute of Jiangxi New Energy Technology Vocational College to have a conversation with him to listen to his interpretation.
Shenzhen’s new energy vehicle production performed well in the first half of
Zhang Xiang said that during the epidemic in the first half of this year, the epidemic in Shenzhen was properly controlled, and major automobile industry enterprises did not stop work and production, which was not much affected. Shanghai, Shenyang, Changchun, Suzhou and other places are severely affected by the epidemic, resulting in tight industrial chains and reduced automobile production capacity. In addition, the strong foundation of the electronics industry and support for the new energy vehicle industry are also important reasons why Shenzhen has obtained outstanding data in the first half of the year.
Zhang Xiang believes that another important reason is that Shenzhen’s “leading” car company BYD has super core components production capabilities. "If there was no epidemic, BYD's advantages were not obvious. However, the epidemic has had a great impact on the production of other car companies. BYD has the capacity to produce core components such as batteries, chip semiconductors, and motors, and is not affected by external influences. This directly led to the good performance of Shenzhen's new energy vehicle production data in the first half of the year." Not only did the production of
grow rapidly, but sales in the Shenzhen auto market are also recovering rapidly. Statistics show that in June this year, Shenzhen's automobile sales increased by 36.2%, an increase of 32.3 percentage points from May.
According to statistics, in the first half of the year, Shenzhen sold 87,000 new energy vehicles, with a penetration rate of 47.06%, the highest in the country. Zhang Xiang analyzed that as a first-tier city in China, Shenzhen has a high average income and relatively strong consumption capacity. At the same time, Shenzhen is a young city with a relatively young average age and a higher acceptance of technology. New energy vehicles have well met consumers' demand for technology.
In addition, Zhang Xiang also believes that the hot sales are closely related to a series of policies to encourage automobile consumption introduced after the epidemic. In terms of encouraging automobile consumption, Shenzhen will provide a subsidy of up to 10,000 yuan per unit to individual consumers who purchase new eligible new energy vehicles and register in Shenzhen. At the same time, Shenzhen has also added 20,000 incremental indicators for ordinary cars and relaxed the application conditions for hybrid cars. Public data from
shows that as the headquarters, BYD's sales in Shenzhen reached 34,000 in the first half of the year, accounting for 39.62% of all new energy vehicles in Shenzhen, with a market share of almost 40%.
"In terms of component integrity indicators, Shenzhen is not as good as Shanghai."
As a world-class "leading" car company, BYD has performed well in recent months. In June, BYD once again "selled" with monthly sales of 134,036 vehicles, a year-on-year increase of 162.7%. In the first half of 2022, the cumulative sales exceeded 640,000 vehicles, ranking first in the domestic sales of new energy passenger cars. In the capital market, BYD has also gained recognition, and its market value once exceeded one trillion mark.
In addition to leading vehicle companies, many companies in Shenzhen’s new energy vehicle industry chain have also achieved good results. Taking Defang Nano, a Shenzhen enterprise engaged in the research and development and production of nano lithium iron phosphate materials as an example: In 2021, it achieved operating income of approximately 4.842 billion yuan, a year-on-year increase of 413.93%; in the first quarter of 2022, Defang Nano continued to maintain high growth, and the net profit attributable to shareholders of listed companies reached 762 million yuan, a year-on-year increase of 1402.77%.
The "No. 1" of the Beijing Stock Exchange is a world-leading supplier of negative electrode materials for lithium-ion batteries, and its negative electrode material shipments have ranked first in the world for seven consecutive years. Bertray's 2022 semi-annual performance forecast shows that the net profit attributable to shareholders of listed companies in the first half of the year was 850 million yuan to 1 billion yuan, compared with 730 million yuan in the same period last year, a year-on-year increase of 16.37% to 36.91%.
"New energy vehicle parts are very different from traditional fuel vehicles." Zhang Xiang believes that Shenzhen's advantage is that this city is an important electronics industrial base and center, with batteries, chips, cameras and other components, forming an industrial cluster, and the procurement price and logistics cost will be cheaper than other car companies.
But Zhang Xiang also said: "In terms of the completeness of automotive parts, Shenzhen is not as good as Shanghai." As a major center in the domestic automobile industry, nearly half of the world's automotive parts giants' headquarters and some factories are located in Shanghai, including ZF, Ambofo, Faurecia, Valeo, Bosch/United Electronics, BorgWarner, Freescale, SAIC Infineon, Fuyao Glass, Yinlun Co., Ltd., Ocean Motor and other chip manufacturers, as well as seat, instrument, tire, and wire harness suppliers.
"China's Hyundai Automobile Industry developed from Shanghai and Changchun, and the earliest batch of parts suppliers are also supporting the above cities. The core components of some cars, such as ESP body electronic stability systems, airbags, car seats, etc., are mostly distributed in Shanghai, Changchun and other places." Zhang Xiang told Nanduwan Finance and Social Security reporters. "If you build a car in Shanghai, all parts can be purchased from suppliers in Shanghai and the Yangtze River Delta region. But if you take this case to Shenzhen, it will not be applicable. Each city has its own development characteristics, and the integrity of Shenzhen's automobile industry chain is still not as complete as that of old automobile cities such as Shanghai and Changchun."
The automobile industry is currently undergoing the transformation of "electromotion, intelligence, unmanned, and networked". In this regard, Zhang Xiang suggested that Shenzhen should strengthen the layout of ecosystems such as automotive core chips, intelligent driving chips, and Internet of Vehicles. In the future, the number of new energy vehicles will increase, and Shenzhen should also pay attention to the development of power battery recycling, clean energy and other fields.
Interview and writing: Nandu·Wancai Society reporter Qiu Moshan Intern Liang Qinyi
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Vice President of Shenzhen Municipal Party School Tan Gang Many supportive policies and market resilience complement each other
Shenzhen’s economic data for the first half of this year showed that the city’s GDP in the first half of 2022 was 1501.691 billion yuan, a year-on-year increase of 3.0%. Among them, the added value of the primary industry was 1.249 billion yuan, a year-on-year decrease of 2.4%; the added value of the secondary industry was 536.697 billion yuan, a year-on-year increase of 4.3%; the added value of the tertiary industry was 963.745 billion yuan, a year-on-year increase of 2.3%. Overall, Shenzhen's economy has shown a steady recovery and a steady improvement. In an interview with Nanduwan Finance and Social Security, some regional economic observers used the eight words "remarkable and can be expected" to describe Shenzhen's economic performance and future trends over the past six months.
There has been a gratifying growth in the short-term field
Vice President of the Shenzhen Municipal Party School Tan Gang told Nanduwan Finance and Social Security reporters that a year-on-year growth rate of 3.0% is not easy, both in the province and the country. "The growth rate of manufacturing industry has accelerated significantly, reflecting that Shenzhen's goal of insisting on manufacturing as the foundation of the city is being consolidated. In addition, well-known products have driven the rise of the entire manufacturing industry, and this characteristic is obvious. Some special industries in the manufacturing industry, such as new energy and charging piles, have increased significantly." He added that Shenzhen's fixed asset investment increased by 14.7% year-on-year, an increase of 9.8 percentage points from the first quarter, indicating that under the background of economic downturn, Shenzhen's efforts to drive economic growth through investment have increased, and Shenzhen's development potential is increasing.
It is worth noting that in the first half of this year, some areas of Shenzhen’s shortcomings have also achieved gratifying growth in the past, such as cultural and social consumer goods retail.
Although Shenzhen is an economically strong city, it has always been criticized as a "cultural depression", and the total retail sales of social consumer goods lags behind the ranking of the total economic volume in the country. In the first half of this year, in addition to the growth of investment in the culture, sports and entertainment industries by 70.5%, the consumer market has also gradually recovered.In June, market sales quickly recovered, and the total retail sales of consumer goods increased by 13.0% year-on-year, and the monthly growth rate hit a new high this year; the retail sales of commodities units above the limit increased by 26.4%, an increase of 23.6 percentage points from May, of which, automobiles increased by 36.2%, an increase of 32.3 percentage points from May.
Of course, as an economically export-oriented city, the performance of import and export is also crucial. In the first half of this year, Shenzhen's trade structure has been continuously optimized. In the first half of the year, the city's total import and export volume was 1615.26 billion yuan, an increase of 1.4% year-on-year, an increase of 4.2 percentage points from the first quarter. Among them, exports were 914.25 billion yuan, an increase of 7.1%; imports were 701.01 billion yuan, a decrease of 5.2%. Among them, general trade imports and exports increased by 2.2%, accounting for 51.0% of the total import and export volume, an increase of 0.4 percentage points from the same period last year.
Policy combination punch exerts synergy effect
Tan Gang believes that compared with other cities, Shenzhen's economic acceleration in the second quarter is very obvious. "In the first quarter of this year, Shenzhen's GDP growth rate was lower than the national level, but as soon as the data for the first half of this year came out, it made people shine." What is the level of
's year-on-year growth of 3.0%? From a set of reference data, it can be seen that in the first half of this year, the national GDP grew by 2.5%, and Guangdong Province's GDP grew by 2.0%. In addition, Shenzhen's GDP grew by 2.0% in the first quarter of this year. Why is this true for
? An important reason is that in the past few months, Shenzhen has intensively introduced many supportive policies to promote stable economic growth, including 5 "30" policy measures such as "30 relief", "30 cultivation and expansion of market entities", "30 promotion of consumption", "30 industrial economy" and "30 stabilizing growth", and has also introduced a "20+8" industrial cluster policy.
"It can be said that almost all the policies that can be issued have been introduced. More importantly, these policies are not independent of each other, but a policy package, forming a set of policy combinations that support each other and cooperate in a coordinated manner to make the policy effect more fully utilized." Tan Gang added that the resilience of the local market is also an important factor. Shenzhen enterprises' grasp and prediction of the market, as well as the ability to combine resources in a timely manner, reflect the development resilience of the city of Shenzhen.
Regarding the future development trend, Tan Gang said: "Although Shenzhen's 3% growth rate performed well in the first half of the year, there is still a gap compared with the expected target of 6% for the whole year. Moreover, it is also stressful to achieve the expected target. After all, the recurrence of the epidemic and changes in the international situation are all influencing factors. However, Shenzhen has sufficient development potential, so we also look forward to Shenzhen moving forward as much as possible according to the predetermined goals and growing in a reasonable space."
editor: Nandu Wancai Society reporter Wang Yufeng
