Changes in the Treatment of Subsidies and Other Support for EVs and EV Buses in China
First written in FY2016-Q3. 7 of 12 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2020.
W-Scope moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual reportThis securities report does not restate changes in the treatment of subsidies and other measures for Chinese EVs and EV buses as a standalone risk.
- FY2019-Q3WorsenedAnnual report
「Automotive battery demand in China is showing signs of stagnation as automobile sales have stagnated and the government subsidy program for EVs has ended, although」
The Company cites stagnating automobile sales in China and the end of the government subsidy program for EVs, further crystallizing the risk to Chinese EV demand from changes to the subsidy system. - FY2019-Q2MaterialisedAnnual report
「In China's automotive market, EV sales growth began to stagnate as subsidies were reduced.」
The Company states that the stagnation in EV sales growth resulting from subsidy reductions in China actually occurred during the quarter. - FY2018MaterialisedAnnual report
「The Company changed its sales strategy to curb sales to China and increase supply to Korean battery manufacturers that have strengthened relationships with European automakers, in order to increase supply volumes to those customers, amid concerns that a review of the government's subsidy system for automotive battery operations would worsen cash circulation throughout the battery industry.」
Concerns that revisions to China's subsidy system would worsen cash circulation led to actual restraints on sales and a change in sales strategy. - FY2018-Q3MaterialisedAnnual report
「China's lithium-ion battery market, which has driven demand for EVs, continues to experience unstable production by battery manufacturers due to changes in the subsidy system for automotive batteries and fluctuations in the prices of certain key materials, and continues to show signs of a slowdown.」
Changes to China's automotive battery subsidy system and fluctuations in the prices of key materials have continued to cause unstable production by battery manufacturers and a slowdown in the EV market. - FY2018-Q2MaterialisedAnnual report
「The background includes a shift in the design priorities for batteries eligible under the subsidy program, from safety to the driving range per charge of electric vehicles, as well as a surge in cobalt prices, cobalt being an essential cathode material for high-energy-density battery designs.」
The Company explains that battery design priorities in China's EV market changed, with subsidies being redirected more heavily from conventional lithium iron phosphate batteries to high-energy-density products. - FY2017MaterialisedAnnual report
「In automotive applications, which account for approximately 35%, battery manufacturers temporarily experienced lower productivity following changes to China's subsidy policy, but productivity has generally recovered.」
The Company explains that battery manufacturers temporarily experienced lower production due to changes in China's subsidy policy, but production has generally recovered. - FY2017-Q3MitigatedAnnual report
「China's automotive market began recovering after bottoming in the first quarter of this year. Sales of eco-friendly vehicles during the cumulative third quarter reached 420,000 units, up 40% year on year, and demand is expected to continue recovering in the fourth quarter.」
China's automotive market recovered after bottoming in the first quarter, and sales of eco-friendly vehicles increased 40% year on year. This indicates positive progress in the recovery of demand following the impact of subsidy policy changes. - FY2017-Q2MaterialisedAnnual report
「Demand for battery materials in China is recovering following the announcement in June of the list of EVs and EV buses eligible for subsidies and the publication of local government subsidy standards, but the market is expected to become active from the third quarter onward.」
Sales volumes declined year on year due to the transition in China's subsidy policy and a review of the design and development of eligible batteries. At the same time, the Company explains that demand has been recovering since the list and subsidy standards were published in June. - FY2017-Q1MaterialisedAnnual report
「Demand in China temporarily stagnated during the period due to uncertainty over subsidy policies for EVs and EV buses, but after the Action Plan for Promoting the Development of the Electric Vehicle Power Battery Industry was announced in March, a clear recovery trend emerged.」
Demand stagnation due to uncertainty over subsidy policies for Chinese EVs and EV buses actually occurred, while a clear recovery trend emerged after the action plan was announced in March. - FY2016SoftenedAnnual report
「This was due to factors including China's EV promotion measures and environmental regulatory compliance requirements in Japan, the United States and Europe, which made the future global expansion of EV applications clear.」
The impact of changes in the treatment of subsidies and other measures for Chinese EVs was not directly restated, while China's EV promotion measures were cited as a factor driving the expansion of EV applications. - FY2016-Q3First statedAnnual report
「In transportation equipment applications, the impact of changes in the treatment of subsidies and other measures for EVs and EV buses in China remains, but China's policies promoting EVs and EV buses have not changed and the market continues to expand.」
The continuing impact of changes in the treatment of subsidies and other measures for Chinese EVs and EV buses is cited as an external environmental risk.