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New energy vehicle annual inspection is coming! Tens of billions of dollars of incremental market space

August 25 “new energy vehicle operation safety performance inspection regulations” was officially released, will be formally implemented on March 1, 2025, which will become China's first dedicated to new energy vehicle safety testing standards. Among them, the power battery safety test will become a mandatory inspection program, drive motor, electronic control system, as well as electrical safety and other safety features will also be adjusted to test. With the rapid development of new energy vehicles, new energy vehicle safety issues continue to highlight, as of the end of June 2024, the national new energy vehicle ownership of 24.72 million, to strengthen the operation of new energy vehicles in use in the safety of the inspection is imperative. Some organizations said that in 2027 with new energy vehicle testing capacity site penetration rate will reach 90%, superimposed on the vehicle testing station itself to bring the growth of traditional equipment market, the average annual market space will exceed 10 billion yuan.

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