From knock-off old-man's electric vehicles to industrial giant

Chapter 248 It's unfair! It's unfair! It's unfair!!

After Xingchen Automotive finished its presentation.

Many brand executives present were in a bind.

The meaning in his eyes became inexplicably complex.

The leaders seemed very happy!
very good!

Very energetic!!
The participation of Xingchen Automotive added a lot of vitality to this year's industry conference of 100 people.

The corporate feedback letter submitted by Xingchen Automotive, including the viewpoints expressed in the speech, even included many things that they were already considering with their expert team, and now they feel there is more room for implementation.

Next up is a presentation on international branding.

Both BMW and Toyota have expressed their views.

Kazuhiro Kobayashi, Toyota's Executive Director for Domestic Markets, elaborated on comprehensive electrification, expressing the company's commitment to technological diversification, accelerating the introduction of new energy hybrid vehicles in the domestic market, and collaborating with domestic companies to expedite the launch of its first pure electric vehicle. He also expressed hope that the industry's electrification efforts would iterate more steadily and with higher quality.

speak English.

We still have too few new energy vehicles. We hope there will be more leeway in the policies and that the fines deducted under the dual-credit policy will be less.

Wang Chuanfu scoffed at this viewpoint.

BYD announced at the end of the year that it would completely abandon the research and development of gasoline-powered vehicles.

Since we're going to transform, let's see it through to the end!

I was never happy during the days when I was manufacturing gasoline-powered cars.

Now I can finally get rid of this burden!!

Forgetting one's roots...

-

Judging from the expressions of the leaders, Toyota's expectations are likely to be dashed.

But Kazuhiro Kobayashi is still trying his best.

Toyota has sold 1.6 million vehicles in China, generating over 200 billion yuan in annual revenue. The implementation of the dual-credit system will bring not only the pressure of fines but also long-term strategic losses. If the low-to-mid-end market is completely occupied by new energy vehicles, many of the advantages of Japanese cars will be wiped out.

Wang Chuanfu could only chuckle coldly.

They used the same excuse last year and the year before.

However, as it turns out, as long as the policies don't push them forward, they can still continue to iterate "highly".

I just finished expressing myself here.

After a while.

But then an even sharper voice rang out from the scene.

"Xingchen hopes to accelerate the electrification process of domestically produced new energy vehicles, including the new CLTC regulations and subsidy adjustments, to more rationally define new energy vehicles, to more standardizedly differentiate subsidies for low-range hybrid vehicles from other energy forms, and to reduce excessive investment and support for models with energy forms that are not universally applicable..."

……

But then Xu Yi stood up, his gaze fixed on Toyota.

Wang Chuanfu was taken aback.

Wait—why did Mr. Xu suddenly stand up?
He was taken aback.

Take a closer look.

Oh.

It turns out it's time for the open discussion.

Kobayashi Kazuhiro, whose bottom had just touched the stool, had to stand up again.

His eyes were burning with anger, practically screaming "furious."

Xu Yi's words hit two sore spots for him.

One is the subsidy for low-range hybrid vehicles that Toyota has been striving for.

Since their technology is based on hybrid systems, these cars do not have a pure electric range.

Toyota has always hoped that the government could provide green license plates or subsidies for hybrid vehicles. This idea has been present from the subsidy meeting drafted in 2012 to the first conference of 100 people in 2014.

But there is no doubt about it.

Now that wish has been completely dashed.

The government is now even canceling subsidies for new energy vehicles with a pure electric range of less than 100 kilometers, so it is even less likely that it will provide additional subsidies for hybrid electric vehicles.

Therefore, the second point is that Toyota hopes to secure stronger support from higher authorities for hydrogen energy.

In addition to allocating funds for the construction of hydrogen refueling stations, they also want to further expand subsidies for hydrogen fuel cell vehicles.

Without a doubt.

The leaders' gazes remained indifferent.

Subsidies are available for hydrogen fuel cell vehicles and hydrogen refueling stations.

But that's all there is to it.

Domestically, relevant reserves can be established.

However, it is absolutely impossible to increase subsidies for hydrogen energy.

Kobayashi Kazuhiro felt aggrieved.

But there is nothing we can do.

We're just waiting for the conference to end.

Just then, Star Cars jumped out.

Isn't this a slap in the face?

We need to speed things up! And reduce restrictions on vehicles using energy sources that are not universally applicable…

Isn't this targeting their hydrogen energy sector?
A domestic car company that made its fortune through subsidies and underhanded means has also started to boast!
"Mr. Xu, the energy transition requires reasonable planning in terms of space and time. Your pure electric vehicle company may not have the burden, but I am considering all traditional car companies. This year, there are still more than 20 million gasoline vehicles sold, which represents millions of families and jobs..."

Kazuhiro Kobayashi has been involved in the domestic business for five or six years. Speaking fluent and standard Mandarin, he immediately launched into a righteous and awe-inspiring statement, aiming to place Xingchen Automotive on the opposite side of traditional gasoline car companies and the people.

The implementation of the dual-credit policy is definitely a boon for automakers like Xingchen Automotive.

Actually, he had been unhappy with Xingchen Motors for a long time.

This frustration previously stemmed from BYD, but has now shifted to Xingchen.

Especially after the official announcement and release of the Starry Night L7.

He was even more annoyed!
You have a car with an internal combustion engine and a fuel tank, yet you can get a green license plate, subsidies, and even carbon credits!

And their Toyota Hybrid, which clearly includes a battery, motor, and electronic control system... they just can't get any of those.

Is this right?
They're utterly beasts!!
That's unfair! That's unfair! That's unfair!!

……

"Energy transition takes time, but your brand's global rollout of new energy vehicles has been too slow. It's worth mentioning that the total emissions from your vehicles are enough to rank among the top four... After so many years, your sales of gasoline-powered vehicles still account for over 92%, which will continue to put enormous emission pressure on the environment and millions of families next year. Meanwhile, new energy vehicle companies, despite receiving subsidies, are still struggling under the current circumstances."

Xu Yi's response was tough and direct, focusing solely on offense and neglecting defense.

As soon as these words came out.

Kobayashi Kazuhiro's vision went black!
This is the first time Toyota has been criticized for its environmental practices!
As we all know, their models have always focused on fuel efficiency and low emissions, and their hybrid models are even more fuel-efficient and environmentally friendly.

Looking at the world, which environmental organization wouldn't give this a thumbs up?
But that was a compliment from the era of gasoline.

We have now entered the era of new energy.

Things are different.

Xingchen Motors actually dared to point fingers at him and accuse him of being environmentally unfriendly.

But he had no way to refute it.

This year's dual-credit system settlement means Toyota will need to purchase a significant amount of carbon credits from external suppliers.

You're amazing...

You're so arrogant!

"Shouldn't we also pay attention to the safety hazards caused by the rapid development of new energy vehicles and the recent spontaneous combustion problems?" Kobayashi Kazuhiro asked with a gloomy face.

Magic attack against magic attack.

At this point, Zheng Gang, chairman of BAIC New Energy, couldn't sit still any longer, and his expression turned slightly unpleasant.

Wang Chuanfu also seemed a little awkward.

There are many similar cases in the development of new energy vehicles. In the early days, it was indeed due to the imperfection of technology. Several more cases have occurred this year, and it is easy to make people feel uncomfortable if we bring them up now.

"cough……"

When General Manager Wan coughed at the opportune moment, the tense atmosphere immediately froze.

　Made it up
　　
　
(End of this chapter)