release of group standard for construction specification of shared power station for electric passenger vehicles
On December 22, China Automobile Industry Association (China charging Union) officially released a series of group standards of code for construction of shared power station for electric passenger vehicles. It is reported that the introduction of this series of group standards not only specifies the key core components, technical requirements and general processes of electric passenger vehicle shared replacement power station, but also classifies, specifications and requirements for quick change device, communication protocol, locking mechanism, data management, test rules and safety protection, which will better promote the development of electric vehicle industry.
The development of power exchange mode has previously obtained policy support. The government work report after the two sessions in 2021 expanded “building charging piles” to “increasing charging piles, power exchange stations and other facilities”, which is interpreted by the industry as that the new energy power exchange station industry will usher in policy dividends. On October 28, the Ministry of industry and information technology, together with the national energy administration, carried out pilot work on the application of new energy vehicle power exchange mode in 11 cities across the country; The implementation opinions on further improving the service support capacity of charging and switching infrastructure studied by the two departments will also be officially issued recently.
Power change refers to the service mode of centralized storage and charging of a large number of batteries through the centralized charging station and battery replacement of electric vehicles in the battery distribution station. It can tap the full life cycle value of power battery and realize the redistribution of interests between enterprises and consumers. Compared with the charging mode, the power exchange mode has higher energy supplement efficiency and has advantages in reducing the cost of vehicle enterprises, prolonging the service life of batteries and cutting peak and filling valley of power grid. However, it can not be ignored that the early investment and later operation cost of the replacement station are higher than those of the charging station.
Founder Securities Co.Ltd(601901) it is estimated that in 2025, the sales volume of power replacement passenger vehicles will exceed 2.8 million, the sales volume of power replacement commercial vehicles will exceed 500000, and the demand for supporting power replacement stations is about 28000, corresponding to the market scale of 76.5 billion yuan; The demand for supporting batteries is about 55gwh, corresponding to the market scale of 38.8 billion yuan and the power revenue of 216.8 billion yuan. At present, many enterprises have entered the power exchange track. The Olympic Games, which accounts for the largest proportion of power exchange, plans to complete the construction of 10000 power exchange stations within five years.
the trend of power exchange concept is strong
By October 2021, the number of power exchange stations in China had been 1086, with a year-on-year increase of more than 100%; However, compared with the charging mode, the volume of the power exchange mode is still relatively small. China International Capital Corporation Limited(601995) believes that due to the relative shortage of land and power resources in China, with the continuous increase of vehicle ownership, the power exchange mode is expected to become a good supplement to the charging mode. Although the construction and operation costs are high, the good resource allocation optimization function of the power exchange mode makes it obtain the support of national policies and believe that it has long-term development potential.
According to the statistics of securities times · data treasure, there are 24 A-share power exchange concepts. Concept stocks have performed strongly since November, with an average increase of 12.53%; Among them, Shanghai Luoman Lighting Technologies Inc(605289) and Xj Electric Co.Ltd(000400) led the increase, with 95.95% and 46.42% respectively. Agencies pay more attention to Nari Technology Co.Ltd(600406) , Gcl Energy Technology Co.Ltd(002015) , Shandong Weida Machinery Co.Ltd(002026) , with 16, 6 and 6 agencies participating in the rating respectively. Nari Technology Co.Ltd(600406) battery replacement and heavy truck replacement equipment with independent intellectual property rights. At present, dozens of replacement power stations of different types have been built in 9 provinces and regions across the country, and the new generation of heavy truck replacement power station has been put into operation in Lishui District, Nanjing.
According to data treasure, the latest rolling P / E ratio of power exchange concept index is 41.41 times, which has been in a high position in recent one year; Among the constituent stocks, the valuation level of 9 shares is lower than this value, and the rolling P / E ratio of Shandong Weida Machinery Co.Ltd(002026) , Gcl Energy Technology Co.Ltd(002015) , Shenzhen Invt Electric Co.Ltd(002334) , Flying Technology Co.Ltd(603488) is less than 30 times. In terms of performance outlook, the organization predicts that the annual net profit of Jilin Jinguan Electric Co.Ltd(300510) and Beijing Abt Networks Co.Ltd(688168) will double; Thereafter, Shandong Weida Machinery Co.Ltd(002026) , Baic Bluepark New Energy Technology Co.Ltd(600733) , Shenzhen Sinexcel Electric Co.Ltd(300693) is also expected to exceed 40%.
Statement: all information contents of databao do not constitute investment suggestions. The stock market is risky and investment should be cautious.
(Securities Times · databao)
