Industry comments
Industry:
The number of models on the list continues to increase, with the largest number of logistics vehicles for the first time, and fuel cell vehicles will make efforts in the field of logistics. In 2022, the recommended catalogue of the first batch of new energy models issued by the Ministry of industry and information technology, of which 13 system enterprises provided FCV, with 19 supporting units, an increase of 280% year-on-year; The largest number of logistics vehicles on the list for the first time was 10, indicating that the application of fuel cell system in the field of logistics began to speed up.
The supporting high-power system has an obvious upward trend, which is in line with the development path of fuel cell technology. In 2022, the number of high-power systems in one batch showed an upward trend, and the supporting proportion of high-power systems reached 79%; In the first batch of this year, the highest power of fuel cell system is 132kw, and the supporting system is hydrogen blue era fuel cell system (also the highest power system in the previous batch).
The driving range of the vehicle meets the requirements of commercial vehicle application scenarios. The FCV driving range of the first batch of recommended catalogue in 2022 mostly covers 400-600km; Among the recommended models in 2021, the driving range mainly covers the range of 400-800km, and most models have been promoted and demonstrated in various application scenarios. Company:
Benefiting from the implementation of the detailed rules of Shanghai urban agglomeration, more than half of the enterprises in Shanghai system are listed on the list. In the first batch of catalogue in 2022, reshaped energy has the largest number on the list, with 4 models, accounting for 21%; Followed by hydrogen technology (3, 16%); Other systems are only listed in one model.
Driven by policies and subsidies, car companies accelerated the promotion of fuel cell models. In the first batch of catalogue, the largest number of recommended models are Zhengzhou Yutong (3 on the list, accounting for 16%), Nanjing Jinlong (3, 16%), followed by SAIC Maxus and Qihang automobile (both 2, 10%); The rest are listed in 1 model; Among them, the sailing car was listed for the first time.
Investment advice
2022 will be the first year of the explosion of hydrogen energy and fuel cell industry. We suggest paying attention to the hydrogen production link with large market space and obvious performance growth, and first promote Jiangxi Jovo Energy Co.Ltd(605090) with geographical location and resource advantages; Secondly, it is suggested to pay attention to relevant companies in Guangdong with strong policies, such as Shanxi Meijin Energy Co.Ltd(000723) , Shenzhen Center Power Tech.Co.Ltd(002733) .
Risk tips
The policy is not as expected; The construction of hydrogenation station is not as expected; Hydrogen cost reduction is less than expected
