Key investment points
Core view of this week: Huawei and Thales launched AITO brand and released the first model M5. The vehicle is equipped with harmonyos intelligent cockpit, and the power is equipped with Huawei driveone pure electric drive extended range platform, which supports L2 + Intelligent assisted driving. The cooperation between Huawei and automobile enterprises is deepening, leading the intelligence upward. We
Three main lines are recommended:
(1) Independent brand leaders with strong new product cycle: Great Wall Motor Company Limited(601633) , Byd Company Limited(002594) .
(2) Parts enterprises closely related to the electric intelligent industrial chain with high growth certainty: Huizhou Desay Sv Automotive Co.Ltd(002920) , Guangdong Senssun Weighing Apparatus Group Ltd(002870) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , Changzhou Xingyu Automotive Lighting Systems Co.Ltd(601799) , Shandong Linglong Tyre Co.Ltd(601966) .
(3) Heavy truck enterprises with increasing market share and expected to usher in a performance inflection point: Sinotruk Jinan Truck Co.Ltd(000951) .
According to the data of the passenger Federation: it is estimated that 67000 vehicles are retailed on the third Sunday of December, a year-on-year decrease of 8%, and the performance is relatively improved; On the second Sunday, 72000 vehicles were wholesale, a year-on-year increase of 5%, with a relatively strong trend. From October to November this year, the core shortage was alleviated, the production improved significantly, and the retail sales rebounded significantly in December, which was similar to that in 2019 and performed well. In recent months, the terminal is in the state of low inventory, the promotion of manufacturers is tightened, and the retail growth is affected, but the situation will gradually improve in the future. At present, consumers’ demand for new energy vehicles continues to rise, and new energy vehicles perform well. Near the end of the year, the retail sales of the car market also gradually picked up, connecting with the peak sales period before the Spring Festival, and the car market gradually strengthened.
Important information: Sinian Zhijia won 100 million yuan of round a financing; Huawei has more than 300 smart car ecological partners; Geely and Renault will set up a joint venture to jointly produce hybrid vehicles in South Korea; Byd Company Limited(002594) 1000 don EVs have been delivered in Norway; Milli smart bank obtained nearly 1 billion yuan of round a financing; Nasen technology, a manufacturer of chassis by wire, completed the c-round financing of 500 million yuan; Minieye released ipilot based on Huawei MDC 610 intelligent driving scheme; AITO asked for M5 release, with a pre-sale price of 250000-320000 yuan.
Important announcement: Changzhou Nrb Corporation(002708) : Tianhai precision, a subsidiary of the company, has received the fixed-point notice of Zero run technology. The company will become the development and cooperation supplier of motor shaft of Zero run technology range extender project and motor shaft of oil-cooled electric drive project. Anhui Zhongding Sealing Parts Co.Ltd(000887) : Anhui anmeike recently received a notice from customers that the company has become a batch supplier of air supply unit assembly products of air suspension system for a new platform project of a new energy brand main engine factory in China. The total amount of orders is about 470 million yuan. Jiangsu Rongtai Industry Co.Ltd(605133) : the total amount of convertible bonds to be issued is no more than RMB 65.67 million, which is used for the annual output of 1.1 million new energy automobile aluminum alloy parts project and the phase II expansion project of Mexican automobile precision aluminum alloy castings.
Last week’s market review: last week, the Shanghai Composite Index, Shenzhen Component Index and Shanghai and Shenzhen 300 rose and fell by – 0.39%, – 1.06% and – 0.67% respectively. The auto sector fell 0.14%, outperforming the market. Among the automobile sub sectors, the auto parts and commercial truck sector recorded an increase, of which the auto parts sector increased the most, by 2.86%, the commercial truck sector increased the least, by 0.05%, the automobile service sector decreased the least, by 0.88%, and the commercial bus sector decreased the most, by 0.94%.
New car listing statistics: twelve new cars were listed last week, including mairuibao XL, Ruiqi 6, Sihao X8 Dasheng version, Hongqi HS5, ZTE Weishi 1949, Nissan Qijun · glory, song Pro DM-I, AMG a 35 L 4matic, Yize Shuangqing, Skoda koMik GT, trumpchi GS3 power and Great Wall locomotive gun.
Risk warning: the price of upstream raw materials rises sharply; Impact of shortage of automotive chips; After the implementation of national six emission regulations, the production and sales of heavy trucks fell sharply in the second half of the year.
