On June 12, the 2021 China Automotive Chongqing Forum was held. The opening speech of the Ministry of Industry and Information Technology brought good news. At present, China's new energy vehicle production and sales have ranked first in the world for six consecutive years. In May of this year, my country's new energy vehicle market penetration rate exceeded 10%, and the L2 intelligent driving loading rate exceeded 15%.
Will the big strides of new energy vehicles bring new development opportunities to the tire industry? The answer is naturally yes.
New energy vehicle production and sales are rising
According to the production and sales data released by the China Association of Automobile Manufacturers (hereinafter referred to as the "China Automobile Association") on June 11, in May 2021, the production and sales of automobiles will be 10.626 million and 10.875 million, respectively, an increase of 36.4% and 36.6% respectively. , The growth rate continued to fall by 17 and 15.2 percentage points from January to April.
New energy vehicles have seen a significant increase in sales. In terms of monthly production and sales in May alone, the production and sales of new energy vehicles were both 217,000 units, an increase of 0.5% and 5.4% month-on-month, and an increase of 1.5 times and 1.6 times year-on-year. Among them, the production and sales of pure electric vehicles were 181,000 and 179,000, an increase of 1.8 times and 1.7 times respectively; the production and sales of plug-in hybrid vehicles were 36,000 and 39,000, an increase of 67.8% and 1.2 times respectively. ; The production and sales of fuel cell vehicles were 38 and 9 respectively, a year-on-year decrease of 41.5% and 90.0% respectively.
Layout of new energy to achieve "curving overtaking"
The large increase in production and sales of new energy vehicles is not unrelated to my country's strong support for new energy vehicles in recent years. According to the "New Energy Vehicle Industry Development Plan (2021-2035)", by 2025, my country's new energy vehicle sales will reach about 20% of the total sales of new vehicles. At present, my country’s new energy vehicle sales are far from reaching this goal. According to data released by the Ministry of Public Security’s Transportation Administration, as of the end of 2020, the country’s new energy vehicle population reached 4.92 million, accounting for only 1.75% of the total number of vehicles. The growth space of my country's new energy vehicle market is still gestating huge market potential.
There are also tire companies in my country that also have this potential. The increasing number of new energy vehicles is also stimulating the growth of tire companies’ global supporting business. In addition to bringing more development opportunities to the original equipment market (OE) , It will also create a huge replacement market for new energy vehicle tires. The ever-growing market share will also prompt Chinese tire manufacturing companies to develop "curve overtaking" on the track.
New energy energizes domestic tires to improve quality
Compared with traditional fuel vehicles, new energy vehicles have more stringent requirements for tires. They have more refined requirements in terms of tire wear resistance, noise control, and assistance to the vehicle's endurance and handling. Motor drive can achieve faster speeds of new energy vehicles, but due to the mass of the battery, the weight of the vehicle also increases. Therefore, the "exclusive tires" suitable for electric vehicles must meet the strict requirements of wear resistance, grip, braking, quietness, and rolling resistance at the same time. The tire manufacturing of new energy vehicles also challenges the R&D strength of tire companies.
The new energy automobile market is both an opportunity and a challenge. Today, when the high-end tire market is still "monopolized" by the international tire giants, if you want to achieve true curve overtaking, you must rely on tire product quality and irreplaceable core technology. Usually, tire companies can only rely on price to win, but when the quality is incomparable, the company can win a lot!
In the field of new energy vehicles, it is an excellent opportunity for domestic tire companies to enter the international high-end market!
Disclaimer: The picture materials and articles on this platform are from the Internet, so the copyright belongs to the original author. If you infringe your copyright and interests, please contact us. We apologize and delete it quickly. Source of the article: Tire Business
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