In mid January 2022, the output of Shanxi Guoxin Energy Corporation Limited(600617) vehicles was 452000, with a year-on-year increase of 133%, a month on month decrease of 13%, and the sales volume was 431000, with a year-on-year increase of 136% and a month on month decrease of 19%; In mid January 2022, the output of Shanxi Guoxin Energy Corporation Limited(600617) passenger cars was 436000, with a month on month ratio of – 11%. The sales volume (including export) was 419000, with a month on month ratio of – 16%. The penetration rate decreased slightly to 19%, with a month on month ratio of – 1PCT. Specifically:
1) in terms of levels, the sales volume of A00 + A0 cars was affected by the month on month decline of Wuling Hongguang mini, Benben and Euler black cat, accounting for 37% month on month -4pct; Class a vehicles were driven by the sales volume growth of Byd Company Limited(002594) Qin / song, accounting for + 3PCT to 29% month on month; Class B cars were driven by the month on month growth of Xiaopeng’s sales volume, accounting for + 1PCT to 34% month on month.
2) in terms of enterprises, the sales volume of Byd Company Limited(002594) January was 93000, with a flat month on month ratio and a market share of 23%, continuing the top sales volume of automobile enterprises. Among them, the sales volume of Byd Company Limited(002594) Qin DM-I was 18000, with a month on month ratio of + 11000, the sales volume of song DM was 16000, with a month on month ratio of + 11000, the sales volume of dolphin was 11000, with a month on month ratio of + 11000, the sales volume of Qin EV was 9000, with a month on month ratio of + 11000, and the sales volume of Yuan EV was 9000, with a month on month ratio of balance. The sales volume of Byd Company Limited(002594) multipoint flowering remained strong; The sales volume of Weilai, ideal and Xiaopeng in January was 10000, 12000 and 13000 respectively, with a slight decrease month on month. The total market share was 9%, with a month on month increase of + 1.5pct. The sales of new forces of car making remained stable in January; Tesla sold 60000 vehicles in January and exported 41000 vehicles. Tesla‘s batch sales fell 11000 month on month, and welcomed the export peak at the beginning of the quarter.
3) in terms of models, Wuling Hongguang Mini sold 37000 vehicles per month, with a month on month increase of – 19000 vehicles, or controlled orders due to the rise of single vehicle cost, and the market share of single vehicle decreased from 11% to 9%, continuing to rank first in the list; Tesla my maintained the second place with monthly sales of 33000 vehicles, with a month on month ratio of – 7000 vehicles, and the single vehicle market accounted for 8%; M3 ranked third with 27000 vehicles, and the proportion of single vehicle market increased slightly from 6% to 7%; BYD Qin DMI, song DM and ideal one ranked 4-6, with a market share of 4.5%, 4.0% and 3.0%; The market share of the top 10 models reached 42.0%, which was basically the same as that in December of 21, and the phenomenon of popular models continued.
Investment advice
The demand of the industry continued to be strong, and the production scheduling in the middle reaches of February was full. Affected by the Spring Festival holiday and the three-day month on month decrease in February, on the whole, the production scheduling of the lithium battery industry chain was flat or slightly decreased in February, but the decline was mostly within 5%. On the demand side, the price rise of some models affects short-term orders, but the gradual listing of new models + rush loading in the second half of the year. It is expected that 250000 new energy vehicles will be sold in February, including 240000 passenger vehicles, with a month on month ratio of – 39%, maintaining the annual sales expectation of 5.65 million vehicles + sales.
Recommend leading enterprises in all links Yunnan Energy New Material Co.Ltd(002812) , Eve Energy Co.Ltd(300014) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) , Guangdong Fangyuan Environment Co.Ltd(688148) , Shenzhen Kedali Industry Co.Ltd(002850) , Guangzhou Tinci Materials Technology Co.Ltd(002709) , Shenzhen Senior Technology Material Co.Ltd(300568) , Shenzhen Capchem Technology.Ltd(300037) .
Risk tips
The production and sales of new energy vehicles did not meet expectations, raw material prices remained high, and the global epidemic intensified
