2018 New Energy Vehicle Company Sales Target Completion Rate: GAC/BYD Overfulfilled Zhidou/Zhongtai Beaten in the Face

In 2018, China's auto market experienced its first annual decline since 1990, with full-year sales of 28.0806 million vehicles, down 2.76% year-on-year. Under the background of the overall downturn in the car market, the new energy vehicle market has become a bright color in the cold winter of the car market. China's new energy vehicle sales surged 61.7 per cent year-on-year to 1.256 million vehicles in 2018, exceeding the planned sales target of 1m, according to the China Association of Automobile Manufacturers. The annual sales of millions of new energy vehicles market, broken down into the number of new energy car companies? At the same time, are the companies with ambitious sales targets for the next year over? GE Automotive has selected more than a dozen leading automakers in the field of new energy vehicles, BYD's annual sales target of 247,811 vehicles reached 123.9%. In December 2018, BYD sold 46,650 new-energy vehicles, up 55.1% from December 2018, and sold 247,811 vehicles, up 118% from a year earlier, according to official figures. The company's target of 200,000 new-energy vehicles was significantly exceeded earlier this year. Specific models, the Tang Family accumulated sales of 62,078 vehicles, of which the whole new generation Tang listed since, by virtue of large space, high beauty and excellent power performance to win the love of many consumers, for five consecutive months broke 10,000, cumulative sales of 59,799 vehicles; The cumulative sales volume of the Song family reached 225,395 vehicles, and the whole new generation of the Song family sold 84,327 vehicles in 2018. The Qin family sold 65,871 vehicles in 2018 , is BYD plug-in hybrid model of the "main force"; Yuan family annual sales of 35,699 vehicles, including pure small SUV-Yuan EV360 sales of 35,699 vehicles. BAIC NEW ENERGY: The annual sales target of 158,012 vehicles is 105.3%. According to the production and marketing bulletin released by BAIC Blue Valley, the cumulative sales volume of BAIC NEW ENERGY reached 158,012 vehicles in 2018, an increase of 53.11% over the same period of last year, meeting the sales target of 150,000 vehicles. Currently, the EC model series is still the main sales volume of BAIC New Energy. In 2018, the EC model series sold a total of 90,637 vehicles, up 16.6% year-on-year, accounting for 57.36% of the total sales volume of BAIC New Energy, according to the data of the Federation of Automobile Manufacturers. BAIC New Energy has set a sales target of 220, 000 vehicles for 2019, but as new energy subsidies recede further, it will not be easy for BAIC New Energy to achieve a bigger breakthrough. SAIC Passenger Cars: 96% of the annual sales target of 96,000 vehicles In 2018, SAIC's own Roewe and MG new energy vehicles sold 96,000 vehicles, doubling year-on-year and reaching 96% of their sales target of 100,000 vehicles. Yu Jingmin, deputy general manager of SAIC Passenger Cars, said: "2019 is SAIC's fifth year of new energy marketing, and SAIC's sales target for this year is to double that of 2018." Currently, plug-in hybrid eRX5, ei6 and pure electric Ei5 have grown into star models in the new energy market. SAIC Chase FCV80 fuel cell lightweight passenger car has been Commercial operation was achieved in three cities across the country, with a fleet size of more than 300. At the same time, SAIC's new Roewe Ei5 has already gone on sale in Beijing before the 2019 New Deal for New Energy Vehicle Subsidy comes to fruition. The retail price of the new Roewe Ei5 is 128,800 yuan to 158,800 yuan after unified subsidy nationwide, and the starting price after subsidy is 5,000 yuan cheaper than that of the 2018 Roewe Ei5. Chery: 90,537 Vehicles Sales Target Completion Rate 90.5% In 2018, Chery New Energy successfully passed the production access certification issued by the Ministry of Industry and Information Technology and obtained the "dual qualification". Chery New Energy, which has entered a new phase of car building, sold 90,537 new vehicles in 2018, up 146% from a year earlier and meeting 90.5% of its sales target of 100,000 vehicles. At present, Chery has a number of new energy products, such as Swiss Tiger 3xe, Little Ant eQ1 400, Arizona 5e 450 and so on, covering the minicar, compact sedan and small SUV market. Among them, Chery micro pure electric vehicle eQ series, accounted for nearly 50% of Chery new energy vehicles, especially small ant eQ1 single brand annual sales of more than 44,000 vehicles, a year-on-year increase of 123%. By contrast, sales of the 5e and 3xe, the uprising products, were much lower for the full year. Chang'an: Annual sales target of 42,410 vehicles 53% Total sales of new energy vehicles in Chang'an in 2018 was 42,410 vehicles, up 38.3% year-on-year, but there is still a big gap between the year-end sales target and the year-end sales target, with only 53% of the target of 80,000 vehicles achieved. Zhang Baolin, chairman of Chang'an Automobile, once said: "The transformation and upgrading from traditional fuel vehicles to new energy vehicles is the only way for Chang'an Automobile, and it is also the key link of the third pioneering work of Chang'an Automobile. Any pioneering work is not easy, and it needs a zero-return mentality. What is important is to grasp the strategy, grasp it very precisely, and ensure that the direction is correct." Chang'an has yet to disclose its new energy sales plan for 2019, but caution is needed given market performance in 2018 and market pressures in 2019. Zhongtai: The annual sales target of 33,872 vehicles is only 42.3%. In 2018, Zhongtai intends to challenge the annual sales target of 80,000 new energy vehicles. However, the actual result is that the annual cumulative sales volume is 33,872 vehicles, only 42.3% of the annual target. With new energy vehicles such as the E200pro, ET450 and Z500EVPro, Chungtai says it will build hybrid, hybrid and fuel-cell vehicles for new energy in the future. Zhidu: Sales of 15,336 vehicles are only 19.2% of the target in 2018. After the New Deal raised the threshold for subsidies, sales of Zhidu's miniature electric vehicles began to fall sharply. Zhidou sold 15,336 vehicles in 2018, down 63.9% from a year earlier, according to statistics from the Federation of China Multipliers. That's far from its target of 80,000 vehicles set at the start of the year. Jiangling new energy: annual sales target of nearly 50,000 vehicles 125% According to official figures, Jiangling new energy sales volume in 2018 is nearly 5 Million vehicles, up about 65 percent from the same period last year, exceeding the sales target of 40,000 vehicles. It is reported that in 2019, Jiangling New Energy will launch three new models to further expand the coverage of the new energy market. At the end of March this year, Jiangling Group will officially launch its brand new brand--EV3, and its first product, EV3, will be put on the market. The EV3 is a miniature pure electric sedan with a four-door design, and its complete vehicle size is between BAIC New Energy EC3 and Euler R1. In addition, jiangling group new energy will also launch two miniature pure electric sedans, positioned higher small cars are expected to be available to the public for the first time before the end of this year. Jianghuai: annual sales volume of 63,671 vehicles target completion rate of 127.3% In 2018, the cumulative sales volume of Jianghuai New Energy Passenger Vehicles reached 63,671 vehicles, up 125.28% year-on-year, becoming the fastest growing segment of Jianghuai Automobiles and exceeding the sales target of 50,000 vehicles. Although the new energy sales target has been achieved, Jianghuai Automobile has many hidden worries. In addition to the sharp decline in the sales of fuel cars, an announcement on December 7, 2018, "Recalled due to the hidden danger of spontaneous combustion of batteries" has also become the focus of attention of the industry. For Jianghuai, how to improve product quality and strengthen brand influence is more important than achieving sales targets. GAC New Energy: The annual sales target of 20,045 vehicles is 133.6%. According to the official data, the accumulated sales volume of GAC New Energy reached 20,045 vehicles in 2018, an "increase of 4 times" over the previous year, exceeding the annual sales target of 15,000 vehicles. Wide The main model, the GS4 PHEV, sold 10,922 vehicles in the year, up 486% from a year earlier, according to Auto New Energy. It is reported that Guangzhou Automotive New Energy will still "doubling" as the 2019 sales task, in the subsidies further downhill market environment continue to be depressed environment, pressure is not small. Weilai: 113.5% of the annual sales target of 11,348 vehicles was achieved. As part of the new vehicle building force, Weilai Motor delivered a total of 11,348 ES8 vehicles in 2018, successfully meeting the previously questioned "10,000 vehicles delivery" target. Li Bin, founder of Weilai Automobile, Weilai will continue to develop the market and further improve the systematic efficiency of its development and operation by providing users with high-quality products and comprehensive services, but all of this will require huge financial support, and information on Weilai's cash flow will be disclosed in its year-end earnings report after completing the "10,000 Vehicle Delivery" target. GEOSCENE SUMMARY: Even if the market for new-energy vehicles can sing the praises of the winter, the performance of individual car companies will still be a matter of joy and anxiety, especially for the A00-class mini-electric vehicle Zhidou, whose sales completion rate in 2018 will be less than 20% after the subsidy threshold is raised. In 2019, with the further decline of new energy subsidies, the increase of sales in unrestricted cities and the emergence of high-quality vehicles, the new energy vehicle market will further transition from "policy-driven" to "market-driven", and only products with sufficient competitiveness can win market recognition in the future. In addition, CNAC How will these companies share in the sales of about 1.6 m new-energy vehicles in 2019, predicts the association, and who will be steadily moving forward and who will be eliminated?