After three consecutive years of decline, China’s auto market finally returned to positive growth in 2021, among which the sales of new energy vehicles increased significantly. The recovery of the automobile industry has also brought a large number of orders to relevant parts enterprises, and some orders have even been arranged to the end of June this year. In order to deliver orders in time, some enterprises currently implement three shifts in 24 hours.
According to the data of China Automobile Industry Association, the production and sales of new energy vehicles in 2021 were 3.545 million and 3.521 million respectively, an increase of 1.6 times year-on-year, and the market share reached 13.4%, 8 percentage points higher than that of the previous year.
According to the theme database of financial Associated Press, among the relevant listed companies:
Ningbo Tuopu Group Co.Ltd(601689) provides lightweight chassis structural parts for Tesla and lightweight chassis system for rivian, including subframe, control arm, steering knuckle and other products.
Changchun Faway Automobile Components Co.Ltd(600742) is a supplier of core supporting parts for Volkswagen electric MEB platform (with a capacity of 4 million in 2022). At present, the supporting value of single vehicle is 14000-15000 yuan.
