Rim double points policy will revise the transferable points of foreign brands among joint ventures in China

Posted 2024-05-28 00:00:00 +0000 UTC

On November 30, the 16th China automobile high level forum was held as scheduled with the early snow in Beijing. Ma Chunsheng, deputy director of the Automobile Department of the equipment industry department of the Ministry of industry and information technology, disclosed that in order to reduce the risk of policy implementation and adapt to the new situation of industrial change, the Ministry of industry and information technology, together with relevant departments, is carrying out the revision of the measures for the parallel management of the average fuel consumption of passenger car enterprises and the integration of new energy vehicles (hereinafter referred to as the "integration measures"). In July and September this year, the Ministry of industry and information technology has completed two rounds of public consultation on the decision on Revision (Draft for comments) (hereinafter referred to as the draft for comments). Ma Chunsheng introduced that in the past two years, there have been some new situations and problems in the implementation of the integration method, which needs to be supplemented and improved through the revision of the integration method. There are three major adjustments in this revision, the most remarkable of which is "expanding the definition of affiliated enterprises", which will allow the transfer of credits between foreign invested vehicle enterprises in China. This is also an adjustment that has not been made before. It is understood that this improvement is mainly to implement the spirit of the executive meeting of the State Council, which will allow the transfer of credits between foreign invested vehicle enterprises in China. The recognition rules of affiliated enterprises will be revised into three situations: first, domestic passenger vehicle manufacturers and other domestic passenger vehicle manufacturers with direct or indirect shareholding of more than 25%; second, domestic passenger vehicle manufacturers with direct or brief shareholding of more than 25%; third, imported passenger vehicles authorized by foreign passenger vehicle manufacturers The domestic passenger vehicle manufacturer that directly or indirectly holds (or is held by) more than 25% shares with the overseas passenger vehicle manufacturer. For example, the group's joint venture in China, Volkswagen and SAIC Volkswagen, can transfer the double points between the two companies. At the same time, passenger car enterprises shall submit relevant information to the Ministry of industry and information technology when determining the association relationship. In addition, the draft takes the fuel consumption guidance of traditional vehicles and the flexibility of integration into consideration, and guides enterprises to continuously improve the fuel consumption of traditional vehicles, while alleviating the risk of imbalance between supply and demand of industry integration. The current "points method" is applicable to 2018-2020, and in 2021 and later, if the fuel consumption of traditional vehicles of the enterprise meets certain requirements, the new energy points will also be allowed to carry forward backward according to the proportion of 50%, with a validity period of 3 years. The condition to be satisfied here is that the average fuel consumption of traditional energy passenger cars is lower than 123% of the standard value. At the same time, the draft also updated the assessment requirements for the proportion of new energy vehicle credits and revised the calculation method of new energy vehicle credits. According to the national planning objectives and the actual situation of the development of the automobile industry, the draft puts forward that the proportion of new energy credits in 2021-2023 is required to be 14%, 16% and 18%. The previous targets for 2019 and 2020 were 10% and 12%. In the previous national new energy strategic target, the annual output and sales volume of 2020 is 2 million, and the overall share of new energy vehicles in 2025 is more than 20%, while the average fuel consumption target will be reduced from 5L / 100km in 2020 to 4L / 100km. Ma Chunsheng introduced that since the implementation of the points method, the new energy product launch of enterprises has accelerated. In 2018, the number of new energy passenger vehicles reached 1.04 million, a year-on-year growth rate of 79%, ranking first in the world for four consecutive years. In 2018, no compulsory assessment is required for the proportion of new energy points. The industry's supply of points exceeds the demand, which can meet the demand of negative points compensation. The annual trading volume of new energy points is 1.54 million. At the same time, the trading platform was officially launched in 2018 to support the successful completion of 2016-2017 points accounting and negative points compensation, with a total of 118 enterprises participating and 107 transactions completed. In 2018, the compensation of negative points has been completed. 71 enterprises with negative points have completed the compensation through point transactions, with a total of 79 transactions transferred. With the following new energy integral proportion requirements and fuel consumption standards gradually tightened, the integral trading market will further play a role in stimulating the power and determination of enterprises to develop new energy vehicles. In general, the integration method is a bold attempt to establish a market-oriented management mechanism for the coordinated development of energy-saving and new energy vehicles in China. Since its promulgation and implementation in 2017, industry enterprises have generally increased R & D investment, accelerated vehicle model investment, gradually improved product performance and quality, stimulated the vitality of market subjects, and more full market competition.

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