· The new standard for fuel consumption accounting will promote the integration of the automotive industry

The Ministry of Industry and Information Technology recently issued a draft for the “Annual Calculation of the Average Fuel Consumption of Passenger Vehicle Enterprises” (hereinafter referred to as the “Measures”). The industry believes that this indicates that the "Method and Indicators for Evaluation of Passenger Car Fuel Consumption (Phase III)" announced in November 2010 will be officially launched soon.

The Ministry of Industry and Information Technology mentioned in the "Measures" draft for the purpose of establishing a long-term mechanism for energy conservation management of automobile products, constantly improving the reward and punishment policy system based on the level of automobile fuel consumption, and implementing the enterprise average fuel consumption management system. The management plan is scheduled to be implemented on July 1, 2012. According to the regulations, the "Measures" apply to passenger cars that can be used in China to burn gasoline or diesel fuel, as well as pure electric, plug-in hybrid, fuel cell passenger cars, which refers to the inclusion of industrial and industrial Passenger car manufacturers of the Ministry of Information Technology "Vehicle Manufacturers and Products Announcement" and imported cars that have obtained import licenses for passenger car products.

The "Measures" also specifically propose that passenger car manufacturers can carry out enterprise average fuel consumption accounting by an accounting responsibility entity in the form of "combination". Analysts believe that this will accelerate the merger and reorganization between auto companies.

In order to successfully implement the established energy-saving emission reduction targets, the relevant state departments have set a target for the third-stage fuel limit, which is another 20% lower than the second phase, reaching 7L/100km. However, considering that the third stage fuel limit is strict and the measurement standards are completely different, the third stage fuel limit will be implemented step by step. Specifically, 2012 is the introduction period, which allows the average fuel consumption of enterprises to be 9% higher than the target value; in 2013, the average fuel consumption of enterprises is allowed to be 6% higher than the target value; in 2014, the average fuel consumption of enterprises is allowed to exceed the target value. 3% higher. The third phase of fuel consumption limit standards will be fully implemented by 2015. The Ministry of Industry and Information Technology has appointed the “Measurement Method for the Average Fuel Consumption of Passenger Vehicle Enterprises” to achieve the goal of “promoting the attention of automobile enterprises from energy conservation and emission reduction from the source”.

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