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Decline in automobile import tariffs


With the approval of the State Council, starting from July 1, 2018, the tariff rate for vehicles with a tax rate of 25% and 20% respectively will be reduced to 15%, and the tax reduction rates will be 40% and 25%, respectively; the tax rates will be 8% respectively. 10%, 15%, 20%, 25% of auto parts tariffs fell to 6%, the average tax reduction rate of 46%. After the tax reduction, the average tax rate for China's auto vehicles is 13.8%, and the average tax rate for parts and components is 6%.

      “This move is conducive to promoting supply-side structural reforms, promoting the structural adjustment and transformation of the automobile industry, and leading to the enhancement of quality and efficiency of automotive products, but it will cause domestic autos and parts and components companies to experience 'labor pain'.” Accepting “Finance” The relevant Sichuan enterprises interviewed by the "Investment News" reporter said that they would resist the "labor pains" and face up to reality, and use this as an opportunity to achieve transformation and upgrading.

       Vehicles: Western Resources are not afraid of pressure This time, the tariff rates on imported vehicles will be reduced from 25% and 20% respectively to 15%, and the tax reduction rates will be 40% and 25% respectively. After the tax reduction, China's auto import tariff rate is between 3% and 15%, and the average tax rate is 13.8%, which is lower than the average level of developing countries. This will bring certain cost and price pressures to Kawamura, which is engaged in auto vehicle manufacturing. The only way out is to face reality and upgrade.

       In this regard, Western Resources (600139) engaged in R&D, manufacturing, and sales of new energy vehicles is not afraid of pressure. According to the company, the company currently owns 7 subsidiaries, including 5 new energy automotive segments, including Viva Technology, which manufactures energy-saving motors, and Hengtong and Hengtong, which are traditional and new energy buses. Hengneng Motors, which is sold by automobiles, and transportation leases that drive sales of new energy vehicles by financial leasing.

       In order to ensure normal production and operation, Hengtong Bus has formulated various measures centering on stable production, steadily pushed forward technical research and development, and resolutely adjusted the sales model of the original installment to full sales, while the market mainly needs new energy buses due to the The subsidy policy has become an ex post subsidy, and manufacturers must advance sales. Due to capital restrictions, Hengtong passenger cars have to give up large quantities of sales orders. In 2017, Hengtong Bus completed a total of 229 passenger car production and sold 229 vehicles, of which 214 were sold in the domestic market, 15 were sold in overseas markets, 59 were produced by new energy buses, and 72 were sold.

       In the face of the new situation in the reduction of import tariffs on auto vehicles, the company stated that it will increase the layout and expansion of the new energy bus industry, win the market with differentiated products, and deploy small buses while sticking to the traditional large-scale bus market. , Vigorously expand the new rural passenger market and bus travel, bus logistics, new energy small freight cars and other businesses, gain more market share, and continue to improve the lightweight, modular new models, reduce the use of bicycle batteries and vehicle costs.

       New Construction Shares (002480), engaged in R&D, manufacturing and sales of pure electric buses, stated that as a new entrant to the new energy automotive industry, it will actively innovate business models, integrate resources, build and improve the industrial chain, and use its advantages in qualification to develop new energy. Automotive industry. At present, the company's new energy vehicles have 8 models to get product announcements, of which 7 models have entered the promotion directory, now has the basis for the market to promote a large area. The company plans to introduce strategic partners in the new energy automotive industry to jointly develop new energy automotive business.

       Parts: Cheng Fei Integrated Grip

       The tariff rates on imported auto parts will be reduced from 8%, 10%, 15%, 20%, and 25% respectively to 6%, with an average tax reduction rate of 46%. In response, the reporter found out that the current number of Sichuan stocks involved in them will be affected to varying degrees.

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