Wilson: New Energy Vehicle Industry Monthly Report for December 2021

Overall performance of the new energy market

• In December, passenger car market sales were 2.264 million units, down 15.3% year-on-year.
• In December, sales in the new energy market were approximately 485,000 vehicles, a year-on-year increase of 112.2%, far exceeding the growth of the passenger car market.
• In December, sales in the new energy market accounted for 21.4% of total passenger car sales, up 12.9% from the same period last year.

New energy enterprise event - Celis launches new high-end brand AITO

• On December 2, Celes officially launched its new brand AITO. The brand is positioned as a high-end smart car brand. Its first model AITO M5 is equipped with the latest HarmonyOS smart cockpit and was officially launched on December 23.

Major event for new energy enterprises: Toyota Motors holds press conference on electric vehicle strategy

• On December 14, Toyota Motor held a press conference on its battery electric vehicle strategy. Toyota Motor will invest a total of 8 trillion yen (RMB 448 billion) in technology research and development and equipment investment by 2030 for pure electric, hybrid and fuel cell electrified models.

New energy enterprise event - NIO held the fifth NIO DAY

• On December 18, NIO Day 2021 was held in Suzhou. At this NIO Day, NIO released the mid-size smart electric coupe ET5 and announced a series of future corporate plans.

Ministry of Industry and Information Technology: 2021 12th batch of recommended new energy vehicle catalogue

• On December 29, the Ministry of Industry and Information Technology released the 12th batch of recommended new energy vehicle catalogues for 2021. A total of 236 new energy vehicle models were selected, including 190 new energy models that meet the 2021 product technical requirements, 46 other new energy models, and 75 new energy passenger car models.

MIIT and other four departments: Notice on the 2022 Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles

• Summary of changes in subsidy schedules for 2021-2022 (non-public transport sector)