Market review this week
This week (12.19-12.25), the smart car index fell 4.28%, higher than CSI 300 (- 0.67%) and Kechuang 50 (- 2.88%). Among individual stocks, Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Shanghai Baolong Automotive Corporation(603197) , Ningbo Tuopu Group Co.Ltd(601689) led the rise, rising 23.3%, 23.1% and 20.2% respectively this week.
Highlights of the week
Investment and financing process: 1) smart mobile travel platform Ruqi travel obtains strategic investment; 2) Smart logistics and driverless technology developer Sinian Zhijia completed hundreds of millions of yuan of round a financing; 3) Electric vehicle power technology R & D providers completed hundreds of millions of yuan a round of financing; 4) Guangting information, a developer of Internet of vehicles and navigation products, is listed; 5) Supply chain logistics service provider Li Fung logistics was acquired by Maersk; 6) Lflogistics, a logistics service provider, was acquired by Maersk growth; 7) Auto parts manufacturer Chaoda equipment listed; 8) Zhejiang Zhongli, a provider of electric intelligent handling equipment, obtained strategic investment; 9) Huaentropy energy, a hydrogen fuel cell auto parts manufacturer, received a strategic investment of 8 million yuan; 10) India’s second-hand car trading service platform cars24 completed round f financing of US $400 million; 11) Voitechnology, a Swedish shared electric scooter operator and service provider, received a strategic investment of US $115 million; 12) Indian AI warehouse Siasun Robot&Automation Co.Ltd(300024) developer unbox robotics completed a round of financing of US $7 million.
News: 1) the new era lithium ion battery project was officially started in Xiamen; 2) Ferrari plans to restructure its leadership structure and three executives will leave; 3) Contemporary Amperex Technology Co.Limited(300750) the world’s largest single project is put into operation in Fuding, with a phase I capacity of 60gwh; 4) Shuanglong and Byd Company Limited(002594) will cooperate to develop an electric vehicle platform; 5) Geely signed an agreement with GCL to lay out methanol vehicles.
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: Zhengzhou Nissan Qijun glory, Chery new energy QQ ice cream.
Risk tips: smart car technology advances slowly, technology upgrade is less than expected, policy risks, etc.
