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On August 25, the "New Energy Vehicle Operation Safety Performance Inspection Procedure" that has attracted much attention from the industry was finally officially released and will be officially implemented on March 1, 2025.This will become my country's first safety testing standard specifically for new energy vehicles.Among them, power battery safety testing will become a mandatory inspection item, and safety features such as drive motors, electronic control systems and electricity safety will also be adjusted and tested.

With the rapid development of new energy vehicles, accidents such as fire and loss of control, as well as operational safety issues of new energy vehicles have become increasingly prominent. There is an urgent need to strengthen the inspection of operational safety performance such as electrical safety and power battery safety of new energy vehicles in use.

According to statistics from the Ministry of Public Security, by the end of June 2024, the number of motor vehicles in China will reach 440 million, of which 24.72 million will be new energy vehicles. With the substantial increase in the number of new energy vehicles, it is imperative to strengthen the inspection of the operating safety of new energy vehicles in use.

In June 2023, the "New Energy Vehicle Operation Safety Performance Inspection Procedures (Draft for Comments)" drafted by the Ministry of Public Security was released, requiring that the operation safety performance inspection of new energy vehicles must promptly discover safety problems in new energy vehicle batteries, electrical systems, and electronic control systems; previously, my country had not issued testing standards for new energy vehicles.

Annual inspections of new energy vehicles can confirm the battery status and avoid safety issues caused by battery damage or failure. At the same time, annual inspections can promptly detect problems such as battery performance degradation or capacity attenuation, ensuring that vehicle performance is maintained at a normal level; battery maintenance and replacement of problematic batteries can improve the service life and performance of the vehicle.

Debon Securities said that assuming the new regulations on new energy vehicle testing are implemented at the end of 2024 and relevant testing stations start purchasing equipment at the beginning of the year, the penetration rate of stations with new energy vehicle testing capabilities will reach 90% in 2027, coupled with the traditional equipment market brought about by the growth of vehicle testing stations themselves.The average annual market space will exceed 10 billion yuan.

Western Securities pointed out that the industry expects to gradually purchase equipment starting from the release of standards.Testing equipment companies benefit significantlyAccording to Duolun Technology, there are about 15,000 testing stations in the country that need to purchase new energy vehicle testing equipment. The peak period of installation is expected to be the first 3 to 4 years. The price of a single set is expected to be 1 million to 1.5 million yuan, corresponding to a market space of about 15 billion to 22.5 billion yuan.

As the new regulation that the automobile inspection industry is most concerned about, many companies have made preparations early and are waiting for the market to implement it.

Automobile Inspection LeaderCar safety inspectionThe 2023 annual report stated that the new energy vehicle testing field will become a new growth hotspot and focus of attention in the motor vehicle inspection system industry, and the company's new energy vehicle testing equipment has been put into trial operation at the company's testing station.

China Machinery Certification and InspectionIt said that the new energy vehicle testing business has generated revenue. The company will be listed on the A-share market in December 2023. The IPO funds raised will mainly be invested in new energy three-electric and parts test workshops, vehicle and engine emission test workshops, and electromagnetic compatibility test workshops.

Duolun TechnologyParticipated in the drafting of the "New Energy Vehicle Operation Safety Performance Inspection Procedure", and 24 of the company's testing stations became the first batch of national new energy vehicle operation safety inspection and verification pilot projects.

Nanhua InstrumentsThe research and development of new energy vehicle testing equipment has begun, and the prototype is already in the testing process. It will be put on the market in due course based on the promotion progress of new energy vehicle testing standards.

AVIC Electro-Mechanical TestThe subsidiary Shijiazhuang Huayan is actively carrying out preliminary research and layout around the new energy vehicle business, and is a major enterprise in the industry participating in the national key research and development program for new energy vehicle testing.

China Automotive Research InstituteParticipating in the drafting of the "New Energy Vehicle Operation Safety Performance Inspection Procedures", the company has successfully developed new energy vehicle online monitoring and offline testing systems, charging testing equipment, OBD diagnostic instruments, etc. in the field of new energy vehicle testing.

Including lithium batteries and other related equipment,Zhengye Technology, Rilian Technology, Shuangyuan TechnologyMainly engaged in battery X-ray inspection equipment. Among them,Zhengye TechnologyMarket share ranked first in the industry in 2021;Unilink TechnologyIt holds a leading position in China's new energy battery X-ray intelligent inspection equipment market, and its business scale ranks second in the Chinese market.

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Editor: He Yu

Proofreading:Zhu Tianting