The ideal operating efficiency is outstanding, and the quarterly revenue exceeds 10 billion. Ideal automobile released its Q4 financial report in 2021, and realized a revenue of 10.62 billion yuan and a net profit of 300 million yuan in Q4 in 2021; In 2021, the annual revenue was 27.01 billion yuan and the net loss was 320 million yuan. In 2021, the ideal car will complete the leap from 0 to 1, and then from 1 to 10. The ideal car will continue to give full play to its advantages and strengthen the product definition ability to meet the needs of family users. In 2022, a new full-size SUV ideal X01 will be launched, which is positioned higher than the ideal one. From 2023, a pure electric vehicle based on high-voltage pure electric platform will be launched, Ideal will focus on the household user market of more than 200000 yuan. According to ideal automobile, the market scale of more than 200000 household users will reach about 10 million units in 2025, and the ideal target market share will reach 20%.
Industry trends: several industrial chain companies released 2021 performance express Ningbo Ronbay New Energy Technology Co.Ltd(688005) and Gem Co.Ltd(002340) reached a strategic cooperation agreement; Shanghai issued opinions on the implementation of charging and changing infrastructure construction; Last week, the share price of new energy automobile industry chain company rebounded, and the net value of new energy theme fund rose.
Investment suggestion: with the strengthening of policy and auto enterprises, the penetration of new energy vehicles in the global market is ushering in a new round of acceleration, and the industry boom is rising. It is suggested to pay attention to the main line of new forces represented by Tesla and the catch-up process of new models such as Volkswagen, and recommend leading and second-line elastic targets. For the whole vehicle, Great Wall Motor Company Limited(601633) (2333. HK), Geely Automobile (0175. HK) and Xiaopeng automobile (9868. HK) are highly recommended; In terms of battery materials, it is recommended that Contemporary Amperex Technology Co.Limited(300750) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Shanshan Co.Ltd(600884) ; In terms of motor electric control, it is recommended to pay attention to Wolong Electric Group Co.Ltd(600580) , Shenzhen Inovance Technology Co.Ltd(300124) ; For lithium battery equipment, it is recommended to pay attention to Wuxi Lead Intelligent Equipment Co.Ltd(300450) and Zhejiang Hangke Technology Incorporated Company(688006) ; For lithium and cobalt, it is suggested to pay attention to Zhejiang Huayou Cobalt Co.Ltd(603799) , Chengxin Lithium Group Co.Ltd(002240) .
Risk tips: 1. The growth rate of electric vehicle production and sales slows down. With the continuous growth of the production and sales base of new energy vehicles, it will be more and more difficult to maintain a high growth rate, and the introduction of mainstream models for the public has become the key; 2. The price war in the industrial chain intensified. The continuous decline of subsidies and the continuous investment of new production capacity have led to the pressure of price reduction in all links of the industrial chain; 3. The influx of overseas competitors accelerated. With the expansion of China’s overseas industry and the weakening of the subsidy policy, the impact on China’s overseas market is accelerating.
