30 stores sold a day, China's new energy vehicle market exploded, and Volkswagen entered the market

 Domestic ID.4, mass industry chain...Traditional giants have officially entered China's new energy industry.

Recently, Tesla, Weilai and Ideal stores in Shanghai have been crowded with people. Under the stricter restrictions on buying new energy vehicles in Shanghai and stricter restrictions on new energy vehicles, the demand for new energy vehicles is rising rapidly. Some store salespersons said that an average of 30 vehicles can be sold a day on weekends.

Favorable policies, sales growth, and the outbreak of the supply chain, the capital market has also expressed optimism about the new energy vehicle market. Wind data shows that the new energy vehicle index has risen by 4.83% this year, and the cumulative increase during the year has reached 44.15%.

In addition to attracting new car manufacturers, this piece of cake in the Chinese market has attracted traditional giants.

Tesla's "catfish effect" has driven the upgrade of the domestic new energy industry chain. Volkswagen Group, the only traditional car giant that can compete with it, can't help but want to enter the market.

On the evening of November 3, Volkswagen’s domestically produced ID.4 based on the MEB platform was officially unveiled. It is divided into two models: FAW-Volkswagen ID.4 CROZZ and SAIC Volkswagen ID.4 X. They are positioned as compact SUVs, and the subsidy price does not exceed 25. The price is equivalent to the domestic Model 3 and will be officially launched in early 2021.

Volkswagen Group will focus on force in the country's new energy auto market, which also benefited from China's new energy automotive industry continues to improve in from. Taking BYD as an example, BYD’s announcement yesterday showed that BYD’s October sales of new energy vehicles were 23,217, a year-on-year increase of 84.75%. Credit Suisse believes that, benefiting from Shanghai's strong demand growth for new energy vehicles, BYD's new energy vehicle sales will increase further.

With the increased volume of domestic Volkswagen ID.4, Volkswagen will also form its own industrial chain, and China's new energy industry chain will also benefit from it. CITIC Securities estimates that the global scale of the mass industry chain is more than 260 billion euros and the domestic scale is more than 40 billion euros. Volkswagen's electrification transformation is firm, and the "Made in China" share of the industrial chain will continue to increase.


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