Although the subsidy standard for new energy vehicles in 2022 declined by 30% from that in 2021, and the price of new energy vehicles in the market generally increased, these factors still did not stop the clear growth trend of new energy vehicles.
the sales volume of new energy vehicles of many auto enterprises increased significantly in January
On February 6, Byd Company Limited(002594) (002594) disclosed the production and sales express in January 2022. The company’s production in January 2022 was 94101 vehicles, a year-on-year increase of 97.62%; The sales volume was 95422, with a year-on-year increase of 125.05%. Among them, the output of new energy vehicles was 91736, with a year-on-year increase of 309.66%; The sales volume was 93168, with a year-on-year increase of 361.73%.
Byd Company Limited(002594) as a leading enterprise of new energy vehicles, its new energy vehicle sales data often has a certain wind vane significance. New energy vehicle enterprises generally had a good start in new energy vehicle sales in January.
On February 1, Xiaopeng automobile announced the latest new car delivery results: in January 2022, Xiaopeng automobile delivered 12922 new cars, a year-on-year increase of 115%, exceeding 10000 for five consecutive months. Among them, 6707 Xiaopeng P7 vehicles were delivered, with a cumulative delivery of more than 80000 units in history; Xiaopeng P5 delivered 4029 vehicles, more than 4000 vehicles for two consecutive months; Xiaopeng G3 series delivered 2186 vehicles. By the end of January 2022, the historical cumulative delivery volume of Xiaopeng automobile has exceeded 150000.
According to the official delivery data released by ideal automobile, in January 2022, ideal automobile delivered 12268 ideal one, an increase of 128.1% year-on-year in January 2021, with more than 10000 units delivered for three consecutive months. Since delivery, the cumulative delivery volume of ideal one has reached 136356.
Weilai automobile, another enterprise with new power of new energy vehicles, is no exception. In January 2022, 9652 new vehicles were delivered, with a year-on-year increase of 33.6%. By the end of January 2022, Weilai had delivered 176722 vehicles in total. Previous information showed that Weilai delivered 91429 new cars in 2021, a year-on-year increase of 109.1%.
In addition, Nezha car and Zero run car also performed well in January.
Among them, the delivery volume of Nezha automobile in January was 11009, with a year-on-year increase of 402%, and the delivery volume per month has exceeded 10000 for three consecutive months. The Zero run car, which had competed fiercely with Nezha for the fourth place, delivered 8085 vehicles in January, with a year-on-year increase of 434%, reaching a new high of monthly delivery.
At present, among the new car manufacturing enterprises, the sales volume is in the top 5, ranking Xiaopeng, ideal, Nezha, Weilai and Zero run.
it is expected to maintain a high growth trend in 2022
It is worth mentioning that according to the national subsidy policy, from 2020 to 2022, the subsidy standard will decline by 10%, 20% and 30% respectively on the basis of the previous year, that is, the subsidy in 2022 will be 30% lower than that in 2021.
In this context, up to now, a number of new energy vehicle models have announced price increases. For example, the prices of Tesla‘s domestic model 3 and model y rear wheel drive models are 265700 yuan and 301800 yuan respectively, up 10000 yuan and 21000 yuan respectively; Part u models of Nezha automobile will be increased by 3000-5000 yuan, and Part V models of Nezha automobile will be increased by 2000 yuan; GAC ea’an LX increased by 4000 yuan, and the new aion s plus increased by more than 7000 yuan compared with 2021.
However, on the whole, it is generally believed that the new energy vehicle market will maintain a high growth trend in 2022.
Yingda Securities believes that the new energy vehicle market has changed from policy driven to market driven, and the decline of subsidies has a limited impact on the overall market growth of new energy vehicles.
Everbright Securities Company Limited(601788) pointed out that it continues to be optimistic about the demand release prospect of new energy vehicles (especially the climbing trend of sales of high-end pure electric vehicles and plug-in hybrid vehicles). It is expected that vehicle enterprises are expected to hedge policy fluctuations by retaining orders and time limited pricing. It is expected that production capacity, supply chain and logistics are still the leading factors in the climbing sales.
The passenger Federation believes that the sales volume of new energy passenger vehicles will reach 5.5 million in 2022, with a penetration rate of 25%. China Automobile Association believes that the sales volume of new energy vehicles in 2022 is 5 million. According to the data of the passenger Federation, the sales volume of passenger cars in China in 2021 was 2014.6 million, an increase of 4.4% year-on-year. Among them, the sales volume of new energy passenger vehicles (EV and PHEV) was 2.989 million, an increase of 169.5%. Among the 860000 passenger vehicles with year-on-year net growth, new energy increased by 1.88 million and fuel vehicles decreased by 1.02 million.
Cui Dongshu, Secretary General of the Federation of passenger cars, said that the global sales of generalized new energy passenger vehicles reached 9.37 million units in 2021. Among them, the global sales volume of plug-in hybrid, pure electric and fuel cell narrow new energy vehicles reached 6.23 million, a year-on-year increase of 118%. Cui Dongshu pointed out that in 2021, the world share of Shanxi Guoxin Energy Corporation Limited(600617) passenger cars was 53%, of which 60% in the fourth quarter.
According to the judgment of fund managers, new energy vehicles are a high growth industry. The industry may have a high growth rate in 2022, which is very attractive. The new energy automobile industry chain is very long, including nonferrous metals, chemical industry, machinery, complete automobile and auto parts, as well as many sub industries such as automotive electronics. The endogenous growth logic, investment and research methods and valuation system of each sub industry are different, and the speed of technological iteration is also different. Therefore, it is still necessary to analyze specific links.
Tianfeng Securities Co.Ltd(601162) recently released a research report, which pointed out that with the rapid and stable growth of new energy vehicle sales and the gradual improvement of ownership, the energy supplement anxiety of new energy vehicles will gradually replace the mileage anxiety as the main contradiction, and the charging and replacement industry will develop rapidly with large market space; At the same time, the exploration of technical routes and business models such as high-power fast charging + 800V voltage platform, broadband like operation + third-party unified construction and management, power exchange + baas mode will bring new opportunities to the industry.
