Report summary
Market review this week
The smart car index fell 2.03% this week (12.05-12.11), which was lower than that of CSI 300 (+ 3.14%) and higher than that of Kechuang 50 (- 0.63%). Among individual stocks, Shenzhen Inovance Technology Co.Ltd(300124) , Yunnan Energy New Material Co.Ltd(002812) , Shanghai Putailai New Energy Technology Co.Ltd(603659) led the rise, rising 7.6%, 5.8% and 3.0% respectively this week.
Highlights of the week
Investment and financing process: 1) online car Hailing service provider car dream technology obtains strategic investment; 2) Pickupp, a real-time logistics platform, completed round B financing of US $37 million; 3) Special express, a heavy equipment transportation service platform, obtained strategic investment; 4) Charge + zone, an Indian electric vehicle energy solution provider, received a strategic investment of US $10 million; 5) Parkable, an Australian parking service provider, received a strategic investment of US $3.173 million; 6) Ofload, an Australian freight logistics service provider, completed round a financing of US $20 million; 7) Exponentenergy, an Indian developer of fast charging battery and charger technology, won a strategic investment of US $5 million; 8) Olaelectric, an Indian electric vehicle service provider, completed round C financing of USD 52.76 million; 9) Shiproket, an Indian e-commerce transportation solution provider, received a strategic investment of US $185 million; 10) Blickfeld, a German developer of optical detection and ranging system, completed a round of financing of US $31 million.
News: 1) China’s first fully autonomous and controllable proton exchange membrane production line was put into operation in Han; 2) Byd Company Limited(002594) new energy project settled in Xi’an; 3) Enjoy the operation of robotaxi; 4) Contemporary Amperex Technology Co.Limited(300750) cooperate with Suzhou municipal government to implement projects such as electric energy efficiency optimization scheme; 5) Baidu Apollo Park in Wuzhen was officially launched.
Policy: 1) the Ministry of industry and information technology officially issued the Interim Provisions on the management of automotive radar radio; 2) The Ministry of industry and information technology issued the catalogue of new energy vehicle models exempted from vehicle purchase tax (the 49th batch).
Recent outlook
Recent major conferences: 1) the Fourth International Summit on thermal management of global new energy vehicles in 2021; 2) 2022 the 12th China International New Energy Vehicle conference.
Recently listed models: successful car zebra, Zero run car Zero run C11.
Risk tips: smart car technology advances slowly, technology upgrade is less than expected, policy risks, etc.
