The United States has implemented a 25% tariff on China; South Korea may stop subsidizing Chinese-made electric vehicles; Tesla pushes replacement policy

1. The United States has raised tariffs on 200 billion US dollars of Chinese goods exported to the United States

According to the Ministry of Commerce, the US has raised the tariff on US $200 billion of Chinese goods from 10% to 25%. China deeply regrets this and will have to take necessary countermeasures. The 11th round of China-US high-level economic and trade consultations is underway. It is hoped that the US and China will meet each other halfway and make joint efforts to solve the existing problems through cooperation and consultation.

Liu He, a member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the China-US Comprehensive Economic Dialogue, arrived in Washington on the 9th and will hold the 11th round of China-US high-level economic and trade consultations with the US side. Liu He told the media after his arrival that he came with sincerity and hoped to confer with the US side rationally and frankly under the current special situation. China believes that the imposition of tariffs is not a solution to the problem, which is not good for China and the United States and not good for the world.

9 car companies will be divided into 29.06 million yuan, and Beijing will announce the details of the third batch of new energy vehicle subsidies in 2019

On May 7, the Beijing Economic and Information Bureau announced the details of the third batch of financial subsidies for new energy vehicles that Beijing plans to allocate in 2019. In 2019, Beijing plans to allocate the third batch of new energy vehicle subsidies involving 976 new energy vehicles from 9 companies, and plans to allocate funds of 29.058306 million yuan.

Hainan released the 2019-2030 charging facility plan, and it is expected to push 1 million vehicles/build 940,000 piles by 2030

On May 5, the General Office of Hainan Province issued the "Notice on Printing and Distributing the Planning of Electric Vehicle Charging Infrastructure in Hainan Province (2019-2030) ", which stated that by 2030, Hainan electric vehicles will be promoted and applied in a total of about 1 million vehicles, reaching a total of 940,000.

4. Hainan is perfect, and the purchase will no longer be given from June 26

On May 5, the Hainan Provincial Department of Finance, the Department of Industry and Information Technology, and the National Development and Reform Commission jointly issued a notice requiring relevant local departments to do a good job in the promotion and application of new energy vehicles, and further improve the finance for the promotion and application of new energy vehicles in accordance with the notice requirements of relevant national ministries and commissions. Local subsidies will continue to be given to the purchase of licensed vehicles during the transition period from March 26 to June 25, 2019. From June 26 this year, the purchase of licensed vehicles (except for new energy buses and fuel vehicles, the subsidy policy for new energy buses and fuel cell vehicles will be announced separately), provinces and cities and counties will no longer give local purchase subsidies.

5. South Korea may stop providing subsidies for Chinese-made electric vehicles

Recently, a South Korean automaker lobby group called on the government to stop subsidies for Chinese-made electric vehicles, on the grounds that electric vehicles equipped with Korean batteries in the Chinese market are not subsidized, and subsidies for Chinese electric vehicles will threaten local electric vehicle manufacturers. At the same time, according to data, South Korea’s electric vehicle subsidy for foreign automakers was 16.50 million US dollars (equivalent to about RMB 110 million) last year, and Chinese automakers including 40% (equivalent to about RMB 44.44 million) share.

6. France and Germany form an electric vehicle battery alliance, with members including PSA/Saft

According to a report by Reuters on April 29, a German official said on April 29 that France and Germany have asked the European Commission to approve state subsidies for their multinational battery alliance. The alliance includes carmaker PSA Group and its German unit Opel Automobile, as well as French battery maker Saft. France and Germany have allocated a total of $1.90 billion to support the alliance of companies, thereby reducing the dependence of European automakers on Asian suppliers and protecting the impact of reducing the use of internal combustion engines on employment.

7.//Release production and sales data for April

Recently, BAIC New Energy, Jianghuai Automobile, and Geely Automobile released production and sales reports for April. Among them, BAIC New Energy sold 5,009 units in April, down 50.1% year-on-year; Jianghuai pure electric passenger vehicles sold 6,532 units in April, an increase of 71.76% year-on-year. Geely Geometry A sold 1,017 units in April.

8. BYD’s sales in April were released, with a surge in new energy vehicles accounting for 63% of total sales.

On May 10, BYD shares (01211-HK) announced its sales report for April. BYD’s overall car sales in April were about 37,839, a cumulative increase of 1.3% year-on-year; April new energy vehicle sales were 24,011, a cumulative increase of 123.13% year-on-year. It can be seen that the sales of new energy vehicles accounted for 63.4% of the total sales.

9. Ultra-long wheelbase 5 meters body, new Dyson electric vehicle patent exposed

A few days ago, foreign media released a set of patent drawings of Dyson electric vehicles. From the drawings, it can be seen that the car adopts a crossover design style. The body length may reach 5 meters, with a three-row seat layout and a wheelbase of 3.3 meters. In order to ensure lower wind resistance, the car is designed with a large tilt of the front windshield, and the height of the vehicle is only 1.65 meters.

10, CFO: the second quarter is still expected to deliver 90,000 to 100,000 electric vehicles

According to foreign media reports, the first quarter of this year delivered nearly 63,000 Tesla of various models of electric vehicles, in the April 24th financial report is expected to deliver 90,000 to 100,000 electric vehicles in the second quarter, its CFO Zach Kirkhorn (Zach Kirkhorn) recently reiterated this delivery target.

11. Get a maximum incentive of 6,700 yuan, and Tesla will promote the replacement policy

A few days ago, Tesla officially announced the launch of the Tesla owner replacement incentive policy. Any Tesla owner can replace/X and get a replacement incentive of 6,700 yuan, and a replacement Model 3 can get a replacement incentive of 3,400 yuan. The effective time is from now until June 30 (subject to delivery in the Q2 quarter of 2019).

12. Geely Colorful PHEV official image exposure, pure electric battery life over 60km

A few days ago, we learned from Geely Automobile’s official picture of a new hybrid model – Binyue PHEV. The car is positioned as "high-power intelligent plug-in hybrid", which is the first plug-in hybrid SUV under Geely’s BMA basic module architecture. It adopts a two-color body and is equipped with a hybrid system based on 1.5TD + 7DCTH +.