The smart car index rose 6.55% this week and Byd Company Limited(002594) officially established Tengshi automobile sales and service company

Market review this week

This week (2.13-2.19), the smart car index rose 6.55%, higher than Kechuang 50 (2.97%) and CSI 300 (1.08%). Among individual stocks, Shenzhen Senior Technology Material Co.Ltd(300568) , Bethel Automotive Safety Systems Co.Ltd(603596) , Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) led the gains, rising 15.48%, 15.18% and 11.25% respectively this week.

Highlights of this week

Investment and financing process: 1) the smart Internet of things platform huitongtianxia received a strategic investment of US $200 million; 2) Hengan Guangxin, a motor vehicle repairer, was acquired; 3) Door to door car washing service platform Dianda car washing completed 5 million yuan Angel round financing; 4) Grubo technology, a supplier of automotive intelligent driving system, has obtained strategic investment; 5) The halo effect of personalized consumer brands of new energy vehicles has completed Angel round financing; 6) Guizhou Hongyang seal, a manufacturer of auto parts and accessories, was acquired by hande China; 7) Songzheng electric automobile, a developer of new energy vehicle power system, was acquired; 8) Fangzhou technology, a developer of automobile tire safety products, received a strategic investment of 55.42 million yuan; 9) Autonomous driving technology developers and geometric partners obtain strategic investment; 10) The electric bicycle brand urtopia completed the multi million dollar pre-A round of financing; 11) Mileway, a Dutch logistics service provider, obtained strategic investment; 12) Andalin, a cross-border freight agent in Indonesia, received a strategic investment of US $4 million; 13) Topocean, an American freight logistics service provider, was acquired by Kerry Logistics.

News: 1) Mercedes Benz will launch a new charging wall box, exclusive to Europe / selling price of about 7100 yuan; 2) Byd Company Limited(002594) officially established Tengshi automobile sales service company; 3) Fisker's second electric vehicle began to accept bookings from US $29900; 4) Midea's new energy parts base is located in Anqing, with a total investment of about 11 billion; 5) Baidu Apollo signed a contract with Samsung Electronics, and the customized app will be launched; 6) Baidu "radish run" automatic driving service landed in Shenzhen.

Policy: 1) Notice on the launch of special operation quota for Shanghai new energy small freight vehicles.

Recent outlook

Recent major conferences: 1) 2022 China (Shenzhen) new energy vehicle industry development conference; 2) The 12th International Forum on new energy vehicles 2022; 3) 2022 the second Shanxi Guoxin Energy Corporation Limited(600617) International Summit on automotive functional safety innovation.

Recently listed models: FAW Hongqi e-qm5, SAIC Audi q5e Tron, etc.

Risk tips: smart car technology advances slowly, technology upgrade is less than expected, policy risks, etc.

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