The sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles increased significantly month on month in mid November
In mid November, the production and sales of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in the market were 457000 and 450000 respectively, with a month on month increase of 15.1% and 17.3%, and a year-on-year increase of 127.8% and 121.1%. From the perspective of brands and models, Byd Company Limited(002594) cars occupy the top of the list of new energy vehicle manufacturers, and the new power of car making has increased significantly. We expect that the sales volume of electric vehicles in China is expected to exceed 3.53 million in 2021, with a year-on-year increase of 164.02% +; It is estimated that the sales volume of electric vehicles will reach 5 million in 2022.
Lithium iron phosphate loading continues to lead
In November, the loading volume of power battery was about 20.80 GWH, with a year-on-year increase of 96.20% and a month on month increase of 35.10%. Overall, the loading share of leading enterprises remained stable in November, Contemporary Amperex Technology Co.Limited(300750) ranked first on the list. From the technical route, the cumulative loading of lithium iron phosphate in November exceeded the cumulative loading of ternary batteries, and lithium iron phosphate once again dominated the market. At present, the “high nickel + LFP” battery layout of mainstream car companies such as Tesla, Volkswagen and Mercedes Benz is gradually clear. In terms of production scheduling, the industry continues to show a high boom trend.
The charging anxiety is relieved and the layout of charging piles is accelerated again
In November, the number of public charging piles in China was 1091900, with the cumulative data increasing by 2.78% month on month and 57.06% year-on-year; In terms of charging power, in November 2021, the charging power of national public charging piles reached 1.081 billion kwh, with a month on month increase of 6.50% and a year-on-year increase of 40.21%. Charging pile is also an important controllable load in the distribution network, which plays an important role in the marketization of power distribution. In the future, it is expected to realize the two-way flow of energy and play the role of peak cutting and valley filling. Since 2021, various provinces and cities have successively issued implementation plans and opinions on accelerating the construction of electric vehicle charging and replacement infrastructure. Among the top 10 regions, Guangdong ranks first in the number of public charging piles and charging capacity. Tesla, Volkswagen, Weilai and other major automobile enterprises have also improved the charging and replacement services one after another. With the promotion of policies, we believe that the charging pile related industrial chain is expected to grow steadily.
Investment advice
Investment suggestions: (1) the battery sector benefited from the rise in prices and the rebound in profits brought about by the loosening of raw material prices. The key recommendations are: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Sunwoda Electronic Co.Ltd(300207) (electronic group coverage), Farasis Energy (Gan Zhou) Co.Ltd(688567) . (2) the supply gap in the industrial chain caused by production and sales exceeding expectations: A. negative pole: Hunan Zhongke Electric Co.Ltd(300035) , Shenzhen Xfh Technology Co.Ltd(300890) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , beiteri, Ningbo Shanshan Co.Ltd(600884) ; b. Diaphragm: Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) ; c. Copper foil: Nuode Investment Co.Ltd(600110) , Guangdong Jiayuan Technology Co.Ltd(688388) . (3) The technical route of cathode materials is developed to LFP and high nickel, with key recommendations: Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Shenzhen Dynanonic Co.Ltd(300769) . (4) The leading companies in all links of high prosperity are recommended: Guangzhou Tinci Materials Technology Co.Ltd(002709) , Shenzhen Capchem Technology.Ltd(300037) , Shenzhen Kedali Industry Co.Ltd(002850) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , etc.
Risk statement
The global epidemic lasted longer than expected, the policy did not meet expectations, and the price fell more than expected due to the intensification of industrial competition
