China Shanxi Guoxin Energy Corporation Limited(600617) auto sales increased rapidly, and the sales volume remained high in February, with a good start
According to the data of China Automobile Association, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in mid February 2022 was 334000 (+ 184%), with a month on month decrease of 22.6%, and the monthly sales volume corresponds to the penetration rate of new energy vehicles of 19.2%; From January to February 2022, the cumulative sales volume was 765000 (+ 155%), and the cumulative sales volume corresponds to the penetration rate of new energy vehicles of 17.9%.
The month on month decrease of sales volume in January and February is a normal seasonal fluctuation, and the month on month decrease is small (compared with the same period in previous years). The following March will usher in sales impulse. However, considering the repeated epidemic in China, it is difficult for the sales volume in March to have a beautiful performance.
The China Automobile Association predicts that the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will be 5 million (+ 42.0%) in the middle of 2022, which will still maintain a high-speed growth, and the prediction of the passenger association is higher. At the current time point, affected by variables such as (1) declining subsidies, (2) rising prices of new energy vehicles, and (3) unstable supply chain, the market is uncertain and lack of confidence in Shanxi Guoxin Energy Corporation Limited(600617) vehicle sales in 2022, so follow-up data verification is urgently needed.
Byd Company Limited(002594) February sales volume is bright
The Byd Company Limited(002594) Han, which was listed in 2020, has made remarkable achievements, overturned the public’s traditional cognition of Byd Company Limited(002594) brand image, and Byd Company Limited(002594) ushered in a highlight moment Byd Company Limited(002594) seized the opportunity to intensively launch model changes. Byd Company Limited(002594) Qin plusdm-i, which was launched in March 2021, also caused a sensation and quickly appeared on the list; Dolphin is also popular in the second half of the year.
According to the data of the passenger Association, Byd Company Limited(002594) February’s sales volume was amazing, with a total of 87000 new energy vehicles sold in February, accounting for 31.8% of China’s market share. It is commendable that the sales volume in the off-season in February decreased by only 6.6% month on month, reflecting that Byd Company Limited(002594) vehicle orders are full and supply exceeds demand.
The price rise of power battery caused damage to the “national courtesy car”, and the car was upgraded at the right time
Since 2020, the sales of “national scooters” with high quality and low price have been booming, which has become a new phenomenon in China Shanxi Guoxin Energy Corporation Limited(600617) automobile market. However, the recent rise in the price of power batteries has made it difficult for national scooters to make profits, and car enterprises have suffered serious losses. Euler black cat has stopped receiving orders. As a result, car companies turned their attention to the upgrading market of scooters with more than 100000 yuan. Great Wall Euler good cat is positioned as young and fashionable and is deeply loved by consumers. Euler’s good cat first appeared on the list in October 2021 and has now replaced Euler’s black cat.
Investment advice
China Shanxi Guoxin Energy Corporation Limited(600617) automobile production and sales are booming, and the industrial chain is booming. In addition, it should also be noted that the foreign new energy vehicle market has a huge space, and the growth rate is also very fast in recent years: European car companies have stepped up the transformation of new energy vehicles under the world’s most stringent vehicle emission standards, and Biden’s attitude towards new energy is earth shaking compared with his predecessor, and the American Shanxi Guoxin Energy Corporation Limited(600617) automobile industry has ushered in a long lost policy dividend. It is suggested to pay attention to the leading companies of power batteries and lithium battery materials that can enter the international supply chain. These companies can benefit from the large volume of foreign markets. Maintain the “overweight” rating of the industry.
Risk tips
The new energy vehicle industry is greatly affected by the policy and the boom fluctuates violently; Industry competition intensifies; Technology boom has foamed bubbles. The epidemic situation in China has been repeated.
