Yesterday, Byd Company Limited(002594) automobile issued a statement on stopping the production of complete fuel vehicles, and the same content was also published in the Hong Kong stock production and marketing express.
Byd Company Limited(002594) said that according to the needs of the company’s strategic development, Byd Company Limited(002594) automobile will stop the whole vehicle production of fuel vehicles from March 2022 in the future, Byd Company Limited(002594) will focus on pure electric and plug-in hybrid vehicles in the automotive sector. At the same time, Byd Company Limited(002594) will continue to provide perfect service and after-sales guarantee for existing fuel vehicle customers, as well as spare parts supply in the whole life cycle.
Affected by this news, the Byd Company Limited(002594) shares of Hong Kong stocks rose slightly after the morning opening. As of press time, Byd Company Limited(002594) shares rose 5.15%.
Byd Company Limited(002594) has rapidly expanded the production line of new energy vehicles in the past year. According to the production and sales express disclosed by Byd Company Limited(002594) shares of Hong Kong stock exchange, the monthly output and sales volume of the company’s new energy vehicles exceeded 100000 for the first time, an increase of more than 400% compared with the same period last year. The cumulative output in the first quarter was 287500, which has exceeded the sum of the first eight months of last year.
In the past year, Byd Company Limited(002594) while rapidly expanding the production line of new energy vehicles, it is also gradually reducing the production capacity of fuel vehicles. Since May last year, the production of fuel vehicles has gradually decreased. According to the production and sales express disclosed by Byd Company Limited(002594) shares of Hong Kong stock exchange, the output and sales of fuel vehicles of the company in March this year were zero, while in the same period last year, the production and sales of new energy vehicles of the company were almost the same as that of fuel vehicles, with the output of 17000 fuel vehicles and 21500 new energy vehicles.
A few days before Byd Company Limited(002594) announced the suspension of the sale of fuel vehicles, Tan Xuguang, chairman and CEO of Weichai group, said at the 2021 annual performance conference of Weichai Power Co.Ltd(000338) that “in recent years, the new energy industry has been quite lively, and there has been a” swarm of bees “, and then disorderly competition. There will be a disastrous overcapacity for new energy vehicles, especially passenger vehicles.”
new energy vehicle penetration rate increased rapidly
According to the data of China Automobile Industry Association, the annual production and sales of automobiles in China in 2021 were 26.082 million and 26.275 million respectively, ending the decline for three consecutive years since 2018, with a slight year-on-year increase of 3.4% and 3.8% among them, new energy vehicles continued to grow rapidly with the support of policies. The annual production and sales volume were 3.545 million and 3.521 million respectively, an increase of about 1.6 times year-on-year. The annual penetration rate rose sharply by 8 percentage points to 13.4%, and the penetration rate in a single month in December was as high as 19.1%
Globally, some countries and regions have proposed banning the sale of fuel vehicles. Previously, the European Commission proposed to cut carbon dioxide emissions by 100% by 2035. Singapore and Canada set this time in 2040.
since the beginning of this year, the sentiment of purchasing new energy vehicles has been further rising. Affected by the rise of global crude oil prices, China’s refined oil prices have been adjusted upward for many times, and the high oil prices have an adverse impact on the consumption of traditional fuel vehicles new energy vehicles, as an effective means of transportation for ordinary families, have been gradually recognized by consumers in recent years, and their market share has gradually increased.
6 new energy vehicle stocks increased in advance in the first quarter
According to the statistics of securities times · databao, six new energy vehicle concept stocks in A-Shares have announced the performance forecast for the first quarter, all of which are pre increase, including Sichuan Yahua Industrial Group Co.Ltd(002497) , Do-Fluoride New Materials Co.Ltd(002407) , Ningbo Shanshan Co.Ltd(600884) , Shenzhen Capchem Technology.Ltd(300037) are expected to increase by more than 100%, which are related to lithium battery manufacturing.
Sichuan Yahua Industrial Group Co.Ltd(002497) it is estimated that the profit increase is the highest. The company is expected to realize a net profit of 900 million yuan to 1.2 billion yuan in the first quarter, with a year-on-year increase of 105367% ~ 143822%. The company said that the demand of the lithium industry was rising, and the price of lithium salt products continued to rise. The company seized the opportunity to release production capacity and increase sales. The sales volume of lithium salt products gradually increased, and the profit of lithium business increased significantly.
Do-Fluoride New Materials Co.Ltd(002407) performance forecast shows that the company expects to realize a net profit attributable to the parent company of RMB 700 million ~ 730 million in the first quarter, with a year-on-year increase of 650.55% ~ 682.72%. The company said that the development trend of the new energy industry continued to improve. The market demand for lithium hexafluorophosphate, the core product of the company’s new materials business segment, was strong. With the new production capacity gradually reaching the production capacity, the profitability increased significantly.
Most new energy vehicle stocks surged to a high at the end of last year and generally corrected recently. Statistics show that among the concept stocks, only Shenzhen Senior Technology Material Co.Ltd(300568) , Sichuan Yahua Industrial Group Co.Ltd(002497) , Ningbo Tuopu Group Co.Ltd(601689) maintained a slight rise in the first quarter, and the other cumulative gains and losses were negative. The average decline of concept stocks was more than 20%, Great Wall Motor Company Limited(601633) , Anhui Jianghuai Automobile Group Corp.Ltd(600418) , Hongfa Technology Co.Ltd(600885) and other 10 stocks retreated by more than 30%.
