[today's Guide]
The auto intelligent market scale is the fastest growing, and the main engine manufacturers focus on this 100 billion blue ocean, with an annual compound growth rate of 80%
The price "triple jump" has set a new record. The quotation of lithium carbonate has been close to 300000 yuan / ton. This company has the largest single spodumene mine in Asia
The cost accounts for more than 50% of the cost of fuel cell stack. The key material has great technical difficulty and high added value
The global single week covid-19 diagnosis reached a new high, driving the outbreak of covid-19 detection demand. The self-test kits of these companies have been sold in many countries
Meta acquires data synthesis company AI Reverie helps the development of AR / VR platform
[subject details]
auto intelligent market has the fastest growing scale, and the main engine factory focuses on this 100 billion blue ocean, with an annual compound growth rate of 80%
The National Informatization Plan of the 14th five year plan proposes to realize the application of advanced automatic driving above L3 level. Automatic driving domain controller is the core computing center of driving domain. It is the fastest growing part in the market under the background of automobile moving towards domain control and intelligence.
The autopilot domain controller is responsible for the data processing, calculation and judgment ability required by autopilot, including the data processing of millimeter wave radar, camera, lidar, GPS, inertial navigation and other equipment. At the same time, the automatic driving domain controller is also responsible for the security of the underlying core data and networking data of the vehicle in the automatic driving state. It is a core component to promote automatic driving to a higher level of L3 and above. The driving domain and cockpit domain are new functional domains. The importance and feasibility make the main engine manufacturers regard the driving domain and cockpit domain as the focus of domain control. Icvtank expects the market scale to reach 70% - 80% in five years. The driving domain needs to carry many functions, including sensing the environment, data processing, path planning, synchronous communication with the cloud and so on. Therefore, the automatic driving domain controller has become the fastest developing one of the vehicle functional domains. According to McKinsey's prediction, the global domain controller market is expected to reach US $156 billion in 2030, of which the market scale of autopilot + Intelligent cockpit domain controller is expected to reach US $71 billion, accounting for about 46% of the total domain controller market.
Among A-share listed companies, Zhejiang Asia-Pacific Mechanical & Electronic Co.Ltd(002284) has launched a new generation of intelligent driving products, including multi-functional camera, millimeter wave radar, domain controller, brake by wire and platform ADAS function software. Huizhou Desay Sv Automotive Co.Ltd(002920) intelligent cockpit domain controller, large screen cockpit products, digital instruments and other cockpit products have obtained new project orders from mainstream automobile enterprises such as FAW Toyota, Great Wall Motor Company Limited(601633) , Geely Automobile, GAC passenger car, Chery Automobile, Byd Company Limited(002594) . Foryou Corporation(002906) has launched several domain controller products, including Qualcomm 8155.
the price "triple jump" has set a new record. The quotation of lithium carbonate has been close to 300000 yuan / ton. This company has the largest single spodumene mine in Asia
Since this year, the new energy vehicle market has ushered in explosive growth. The price of battery grade lithium carbonate, the main raw material of new energy vehicle power battery, has staged a "three-level jump" within one year, and the average price has jumped from 50000 yuan per ton at the beginning of the year to 274000 yuan per ton. In December, from the breakthrough of 200000 yuan / ton at the beginning of the month to over 270000 yuan / ton at present, the quotation has been close to 300000 yuan / ton, with an increase of more than 30% in the month and more than 400% year-on-year. The price has set a new record. In a lithium carbonate production workshop, the person in charge told reporters that with the growth of new downstream projects exceeding expectations, the current supply growth of the industry is far from meeting the market demand.
Since the third quarter of 2021, Pilbara has held three lithium concentrate auctions, and the final transaction prices are 1250, 2240 and 2350 dollars / ton respectively, far exceeding the mainstream price of lithium concentrate in the same period. Stimulated by auction sales, the sales price of lithium concentrate in Australia rose rapidly in the third quarter. According to the announcements of Pilbara and other companies, the underwriting price of lithium concentrate is expected to increase to US $1600-1800 / ton in the fourth quarter, double that in the third quarter. Huachuang securities analysis pointed out that in the medium and short term, the supply shortage superimposes low inventory, and the lithium price is expected to continue to rise, which will drive the continuous release of plate profits. In the long term, it is relatively certain that electric vehicles and energy storage will drive high demand growth in the future. In contrast, the development cycle of upstream lithium resources is long, the capital investment is large, it is difficult to significantly improve the supply side, and the lithium resource gap will continue to enlarge. Under the background of the industry's high outlook, the tight balance between supply and demand will drive prices further upward, and the historical high price may only be a new starting point.
Among the A-share listed companies, Sichuan New Energy Power Company Limited(000155) Lijiagou spodumene mine has 15 ore bodies, of which the No. I main ore body is the largest single spodumene mine in Asia that has been proved and obtained the mining certificate. Tibet Mineral Development Co.Ltd(000762) Tibet Zabuye Salt Lake with exclusive mining right is the third largest lithium salt lake in the world and the largest lithium salt lake in Asia, with proven lithium reserves of 1.841 million tons. Youngy Co.Ltd(002192) at present, it has the overall mining right of No. 134 vein in Kangding methylka spodumene mining area, with a certified reserve of 28.995 million tons. As of December 31, 2020, the used ore volume was 1368000 tons.
The cost of accounts for more than 50% of the cost of fuel cell stack. This key material is technically difficult and has high added value
Guangzhou Municipal Development and Reform Commission issued the "14th five year plan" for the innovation and development of intelligent and new energy vehicles in Guangzhou, which proposed to focus on tackling the core technologies of basic materials and key parts such as fuel cell stack and membrane electrode. From the value distribution of hydrogen energy industry chain, the cost of membrane electrode accounts for more than 50% of the cost of fuel cell stack.
Proton exchange membrane is the key material of membrane electrode in hydrogen fuel cell. Proton exchange membrane (PEM), also known as proton membrane or hydrogen ion exchange membrane, is an ion selective membrane. It plays the role of providing channels for proton migration and transmission, separating gas reactants and blocking electrolyte in battery (electrolytic cell). Proton exchange membrane is a link with great technical difficulty and high added value in the organic fluorine chemical industry chain. Its raw material is perfluorinated sulfonic acid (carboxylic acid) resin. It is an essential key material in the fields of chlor alkali industry, hydrogen fuel cell, electrolytic water to hydrogen and so on. Open source securities predicts that the market scale of China's hydrogen fuel cell industry will reach 23 billion yuan by 2023, and the CAGR will reach 46% from 2019 to 2023. As a key component of fuel cell, the demand for proton exchange membrane is expected to increase. According to the research and calculation of Citic Securities Company Limited(600030) , the demand for proton exchange membrane is expected to be about 26.4 million square meters in 2030, and the market space can reach 13.2 billion yuan.
Among the A-share listed companies, Jiangmen Kanhoo Industry Co.Ltd(300340) said that the subsidiary Haoneng technology fuel cell proton exchange membrane coating equipment and membrane electrode coating equipment have been relatively mature and take the lead in China. At present, there are few manufacturers involved in this field, and no competitors with strength and scale have been found. Sichuan Em Technology Co.Ltd(601208) said that the "proton exchange membrane project with an annual output of 500000 square meters" was invested and constructed in Guangzhou through Guangzhou emont, a wholly-owned subsidiary, and the current project progress is in line with expectations. The research results of the project "preparation technology of membrane electrode and its key materials for high power proton exchange membrane hydrogen fuel cell" have passed the evaluation of scientific and technological achievements, and the overall technical level has reached the advanced level in China.
the global weekly covid-19 diagnosis reached a new high, driving the explosion of covid-19 detection demand. These company self-test kits have been sold in many countries
Recently, the number of confirmed cases of covid-19 in a single week reached a new high. At a press conference on December 29 local time, who director general Tan Desai said that the covid-19 mutant strains Omicron and delta posed a "double threat" to the epidemic. Therefore, the number of confirmed cases of covid-19 in various countries remained high, and once again led to a surge in the number of hospitalized and dead cases.
Since late November, the epidemic situation has spread in many places in China, and the detection of covid-19 among key populations has become an important part of epidemic prevention. Some regions have even carried out large-scale covid-19 virus detection and screening, driving the growth of the demand for detection agents. Anxin securities analysis pointed out that with the discovery of Omicron with a large number of mutations and possibly more infectious and harmful in South Africa, the further promotion of home self-test products in the United States and the upcoming spring semester in January next year, it will continue to stimulate the demand for covid-19 detection. Based on the judgment of future industry trends, it is estimated that the total market scale of covid-19 detection in Europe and the United States is expected to reach US $3.391 billion in 2022, equivalent to about 22 billion yuan.
Among A-share listed companies, Guangzhou Wondfo Biotech Co.Ltd(300482) developed covid-19 virus antigen self-test kit obtained EU CE certification in June this year and has been sold in Europe, Asia, the Middle East, Latin America and other countries and regions. Daan Gene Co.Ltd(002030) biotech Engineering Co., Ltd., a wholly owned subsidiary of Zhongshan, has developed New Coronavirus antigen detection kit (colloidal gold method) and New Coronavirus (SARS-CoV-2) IgM-IgG antibody detection kit for self testing (colloidal gold immunochromatography). The above products are now exported to overseas countries. Maccura Biotechnology Co.Ltd(300463) rapid detection platform New Coronavirus (SARS-Cov-2) IgG/IgM antibody detection kit (colloidal gold method), New Coronavirus (2019-nCoV) antigen detection kit (colloidal gold method) has been certified by CE and has submitted application for registration and approval to NMPA, which is currently in the process of examination.
meta acquires AI, a data synthesis company Revie helps AR / VR platform development
Recently, meta announced the acquisition of data synthesis start-up AI Reverie and integrate it into reality labs to accelerate data synthesis and build AR / VR meta universe platform, such as training intelligent assistants. It is reported that AI Revie provides customers with APIs and platforms for programmatically generating fully annotated synthetic video and image systems for training machine learning algorithms / models. At present, meta researchers are using synthetic data to train multilingual translation models such as m2m-100.
Since the beginning of this year, there have been a lot of events in yuancosmos, from the listing of roblox, the first stock of yuancosmos, to the renaming of Facebook meta, Microsoft's release of enterprise yuancosmos, NVIDIA's continuous technology investment in yuancosmos, and then from China Tencent's proposal of Quanzhen Internet, byte beating layout, VR track acquisition of Pico, Netease and Baidu's release of yuancosmos platform, the establishment of yuancosmos Association, etc. Ma Xiaoyan of new era Securities believes that although the current industrial development is in the early stage, it is developing rapidly. Early investment should grasp the digital entertainment content that has the most performance support and is most likely to be transferred to the meta universe, such as digital games, virtual people and idols, exhibitions, etc.
Among listed companies, Zhejiang Jinke Tom Culture Industry Co.Ltd(300459) uses ar expansion technology in my Zhejiang Jinke Tom Culture Industry Co.Ltd(300459) products, so that the virtual image of Zhejiang Jinke Tom Culture Industry Co.Ltd(300459) can be presented in the real scene. Tianji micro motion, a joint-stock company invested by the company, has developed and launched VR related games; Hangzhou Anysoft Information Technology Co.Ltd(300571) in depth layout of the meta universe, which has layout in many fields such as digital virtual human, VR / AR content + hardware, is a scarce target of the operator system in the meta universe field, and has become a new member of the meta universe Industry Committee of China Mobile Communication Federation.
(Financial Associated Press)
