Key targets: recommended Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) ; Pay attention to Shanghai Zijiang Enterprise Group Co.Ltd(600210) , Jiangsu Azure Corporation(002245) , Miracle Automation Engineering Co.Ltd(002009) , Guangdong Guanghua Sci-Tech Co.Ltd(002741) , Guizhou Zhenhua E-Chem Inc(688707) , Guangdong Fangyuan Environment Co.Ltd(688148) , Guangdong Jiayuan Technology Co.Ltd(688388) , beiteri, Shanghai Putailai New Energy Technology Co.Ltd(603659) .
Investment perspective:
1. With the rise of battery cost, car enterprises have started the second round of price rise. Tesla announced three price increases this month. On March 10, the prices of Model3 high-performance version, modely long-range and high-performance version were increased by 10000 yuan; On March 15, the prices of long-range and high-performance versions of Model3 and modely increased by 1400020000 yuan; On March 17, the basic price of modely rear wheel drive version was raised by 15060 yuan to 316900 yuan Byd Company Limited(002594) March 15 issued the explanation on the price adjustment of vehicle models, with the increase range of 3 Jointo Energy Investment Co.Ltd.Hebei(000600) 0 yuan. Xiaopeng will raise the selling price before the subsidy from March 21, with an increase range of 1010020000 yuan. In addition, Nezha and the leader announced price increases in mid March.
On the demand side, recently, battery companies offered favorable prices to car companies, triggering the second round of price rise of car companies. This round of price rise is greater than the first round of price rise at the beginning of the year. The transmission of cost pressure in the industrial chain is relatively certain for the profit repair of battery enterprises. It is expected that more car enterprises will follow up in the future, but the impact on terminal demand remains to be seen. The market responded positively to the price rise, and the orders of Tesla, Byd Company Limited(002594) and other auto enterprises are still strong; In addition, the rise in oil prices highlights the economy of electric vehicles.
On the supply side, the Ministry of industry and information technology and other departments organized a lithium industry symposium to call for the return of lithium prices to rationality and ensure the safety of lithium salt supply. We believe that the end of the policy is coming. Recently, the price of lithium carbonate has stabilized, the superposition has made positive progress towards the favorable price of automobile enterprises, and the profit repair of battery factory is expected to be realized. Recommended: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) . Attention: Jiangsu Azure Corporation(002245) , Guangzhou Great Power Energy&Technology Co.Ltd(300438) .
From the perspective of supply and demand of the industrial chain, the supply of negative pole graphitization, diaphragm, copper foil and iron phosphate in the middle reaches of lithium battery in 2022 is relatively tight, and the lithium battery industry chain maintains a high momentum. Attention: Shanghai Zijiang Enterprise Group Co.Ltd(600210) , beiteri, Ningbo Shanshan Co.Ltd(600884) , Guangdong Jiayuan Technology Co.Ltd(688388) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Yunnan Energy New Material Co.Ltd(002812) , Shenzhen Senior Technology Material Co.Ltd(300568) .
2. Under the background of continuous high price of lithium ore, the economy of lithium battery recovery is prominent. Lithium battery recycling helps to make up for the supply gap of upstream resources, especially lithium resources. Lithium battery recycling has broad market space and development prospects. Attention: Bangpu cycle ( Contemporary Amperex Technology Co.Limited(300750) ), Miracle Automation Engineering Co.Ltd(002009) , Guangdong Fangyuan Environment Co.Ltd(688148) , Guangdong Guanghua Sci-Tech Co.Ltd(002741) , Cngr Advanced Material Co.Ltd(300919) , Gem Co.Ltd(002340) , Wangneng Environment Co.Ltd(002034) , Zhefu Holding Group Co.Ltd(002266) , etc.
3. In 2021, since the second half of 2021, since the second half of 2021, the second half of 2021, the second half of 2021, soft pack batteries, 4680 big cylinders + CTC, 4680 big cylinders + CTC, composite fluid collection technology (PET copper and aluminum foil), silicon carbon anode and other new technologies have accelerated the industrialization of new technologies such as the second half of 2021, accelerating the industrialization of new technologies such as new technologies, focusing on the improvement of new technologies on the subdivision pattern, recommending Contemporary Amperex Technology Co.Limited(300750) , and silicon carbon anode, paying attention to the improvement of new technologies on the subdivision pattern, recommending Contemporary Amperex Technology Co.Limited(300750) Contemporary Amperex Technology Co.Limited(300750) \ .
Risk warning: the production and sales of new energy vehicles are less than expected; Risks of changes in industrial policies and subsidies; The production expansion of overseas automobile enterprises is less than expected, the competition is intensified, and the profitability is declining; Technical route changes.
