In January, the output of new energy vehicles was 322200, with a month on month ratio of + 112% / – 37%, in line with market expectations: according to the data of GGII insurance caliber, the output of new energy vehicles in January 2022 was 322200, with a year-on-year increase of 112% and a month on month decrease of 37%. Among them, the output of passenger cars was 312900, with a year-on-year increase of 114% and a month on month decrease of 35%. The output of pure electric passenger cars increased to 240800, with a year-on-year increase of 103% and a month on month decrease of 39%; The output of passenger cars was 2933, down 9% year-on-year and 79% month on month; The output of special-purpose vehicles was 6380, with a year-on-year increase of 215% and a month on month decrease of 60%.
In January, the total installed electromechanical capacity of electric vehicles was 14.5gwh, with a year-on-year increase of 118% and a month on month decrease of 45%. 1) In January, the installed capacity of Sanyuan was 7.39 GWH, with a year-on-year increase of 79%, a month on month decrease of 37%, and the installed capacity accounted for 51%. 2) In January, the installed capacity of iron lithium was 7.09gwh, with a year-on-year increase of 186%, a month on month decrease of 51%, and the installed capacity accounted for 49%.
In terms of the average charging capacity of various models, the average charging capacity of pure electric special vehicles increased month on month in January, while that of pure electric passenger vehicles and pure electric buses decreased month on month. In January, the single vehicle charging capacity of pure electric passenger vehicles was 48.17kwh/vehicle, with a year-on-year increase of 7.7% and a month on month decrease of 3.78%. In January, the average single vehicle charging capacity of pure electric buses was 174.81kwh/vehicle, down 17.09% year-on-year and 16.74% month on month. In January, the average single vehicle charging capacity of pure electric special vehicles increased to 147.46kwh/vehicle, with a year-on-year increase of 88.17% and a month on month increase of 26.61%.
From the perspective of battery manufacturers, Contemporary Amperex Technology Co.Limited(300750) has a solid leading position, and Byd Company Limited(002594) and AVIC lithium potential rank second and third In Contemporary Amperex Technology Co.Limited(300750) 1 January, the installed mechanical and electrical capacity was 7.91gwh (including SAIC, GAC and FAW), with a year-on-year increase of 139.9% and a month on month decrease of 48.5%. The market share of installed capacity in a single month was 54.5%, ranking first Byd Company Limited(002594) ranked second in installed capacity, with an installed capacity of 3.07 GWH in January, a year-on-year increase of 153.8%, a month on month decrease of 24.3%, and the installed capacity accounted for 21.1%. The third place was AVIC lithium battery, with an installed capacity of 0.81gwh in January, a year-on-year increase of 148.9%, a month on month decrease of 33%, and the installed capacity accounted for 5.6%.
From the perspective of models, passenger cars are still the main force of battery consumption. In January, the installed capacity of passenger cars was 13.1gwh, with a year-on-year increase of 125%, a month on month decrease of 39%, and the installed capacity accounted for 90%, of which the ternary installed capacity was 7.38gwh, with a year-on-year increase of 87%, a month on month decrease of 37%, and the installed capacity accounted for 56%; The installed capacity of special vehicles was 0.94gwh, with a year-on-year increase of 499%, a month on month decrease of 50%, and the installed capacity accounted for 6%; Passenger cars 0.46gwh, down 28% year-on-year, down 84% month on month, and the installed capacity accounted for 3%.
Investment suggestion: the acceleration of global electrification is obvious, and the boom in 2022 is still very high. We continue to look at the electric vehicle leader in an all-round way. The first main line is optimistic about the battery link of profit restoration in 2022, with a good long-term pattern, superimposed energy storage and holdings, the leaders Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Byd Company Limited(002594) , and pay attention to Sunwoda Electronic Co.Ltd(300207) , Jiangsu Azure Corporation(002245) , The second main line: upgrading of battery technology, high nickel ternary cathode ( Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Cngr Advanced Material Co.Ltd(300919) , Beijing Easpring Material Technology Co.Ltd(300073) ), structural parts ( Shenzhen Kedali Industry Co.Ltd(002850) ), lithium ferromanganese ( Shenzhen Dynanonic Co.Ltd(300769) ); Additives ( Jiangsu Cnano Technology Co.Ltd(688116) ); The third article is the leading company of the persistent shortage: the leading companies of the continuous shortage: the diaphragm ( Hongda Xingye Co.Ltd(002002) Yunnan Energy New Material Co.Ltd(002812) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ (attention), etc.
Risk tip: the sales volume is less than expected, the policy is less than expected, and the industry competition is intensified.
