100 people’s meeting of electric vehicles: double carbon cars, electrification, intellectualization, networking, technological progress, resource development and recycling
In the context of carbon reduction, relying on the medium and large carbon front is conducive to the optimization of energy structure, especially in the long-term. Electrification is irreversible. China’s goal of 80 million electric vehicles in 2030 continues to advance, and countries, major vehicle enterprises and suppliers around the world continue to clarify electrification development plans and objectives. However, at the same time, the national development and Reform Commission also proposed that before the existing base of new energy vehicles reaches a reasonable scale, there will be no new production capacity distribution, and pay attention to high-quality development Contemporary Amperex Technology Co.Limited(300750) launched the third generation of CTP technology Kirin battery, which continues to lead the progress of lithium battery technology and enhance global competitiveness. For the tight supply of lithium resources in the upstream, Yichun and Sichuan will accelerate the development, and long-term recycling will be the key direction.
The medium and long-term planning of hydrogen energy defines the industrial strategic positioning, and the target is that the number of fuel cell vehicles will be about 50000 by 2025
The national development and Reform Commission and the Energy Administration jointly issued the medium and long term plan for the development of hydrogen energy industry (20212035), which defines the energy attributes of hydrogen and the components of the energy system, and gives the specific targets of 50000 fuel cell vehicles and 1 China Vanke Co.Ltd(000002) 00000 tons / year of hydrogen production from renewable energy in 2025. It is conducive to the development of the hydrogen fuel cell industry chain, complements with lithium batteries in the field of electric vehicles and energy storage, and jointly promotes the healthy development of the industry.
Market mechanism, supply and demand determine the lithium price trend, and administrative coordination accelerates the development of lithium resources to ensure the safety of the industrial chain
The Vice Minister of the Ministry of industry and information technology again raised the “price rise of lithium battery raw materials and crack down on hoarding, speculation and speculation” at the 100 people’s meeting. However, nearly 80% of the supply of lithium resources comes from overseas, and it is difficult to adjust the price by administrative means. Under the market mechanism, the relationship between supply and demand is the decisive factor of lithium price, and the inventory of the industrial chain is low recently, and the supply and demand supports the continuous high price of lithium. The vice minister also proposed to “accelerate the progress of China’s resource development and guide upstream and downstream cooperation”. In recent events, such as the accelerated resource development in Yichun, the introduction of Contemporary Amperex Technology Co.Limited(300750) and Gotion High-Tech Co.Ltd(002074) cooperation, the third EIA publicity of Kang Luzhou industrial concentration area, the holding of a promotion meeting of methylkallikreine industry in Kangding City, and the introduction of Chengxin Lithium Group Co.Ltd(002240) fixed increase Byd Company Limited(002594) strategic cooperation, lithium resources may become the decisive factor for the release of capacity in the middle and lower reaches, Its strategic attribute has been continuously strengthened and gradually widely recognized. Administrative coordination and accelerating the development of lithium resources will be conducive to the healthy development of the industrial chain, ensure the safety of the supply chain, and enterprises with high-quality lithium resources will fully benefit. At the same time, the high price of lithium will bring profits upward, and the high performance of the sector is underestimated. It is recommended to pay attention.
Investment suggestions: three main lines: first, capacity release, cost pressure relief and gross profit recovery. Battery plants: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Gotion High-Tech Co.Ltd(002074) , Farasis Energy (Gan Zhou) Co.Ltd(688567) , etc; 2. Lithium resource companies with high lithium price supported by supply and demand and expected to realize excess profits: Keda Industrial Group Co.Ltd(600499) , Youngy Co.Ltd(002192) , Chengxin Lithium Group Co.Ltd(002240) , Tianqi Lithium Corporation(002466) , etc; Three mid stream material link companies that have clear patterns, clear advantages, and a clear, dominant, and still tight supply and demand: the mid stream material link companies that have a clear pattern, clear advantage, and obvious middle stream material link companies that have a clear pattern, clear advantage, and clear middle stream material link companies: the ‘ Hongda Xingye Co.Ltd(002002) Yunnan Energy New Material Co.Ltd(002812) \ , Zhejiang Huayou Cobalt Co.Ltd(603799) , etc.
Risk warning: the development of new energy vehicles is not as expected; Disruptive breakthroughs in related technologies; Downstream demand is lower than expected; Product prices fell more than expected; The price of raw materials fluctuates. It is recommended to pay attention to the company’s profit forecast and rating:
