Market review this week
This week (3.27-4.2), the smart car index rose 1.17%, which was lower than that of CSI 300 (2.43%) and better than Kechuang 50 (- 1.60%). Among individual stocks, Shenzhen Genvict Technologies Co.Ltd(002869) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Shenzhen Capchem Technology.Ltd(300037) rose the most, rising 7.53%, 7.06% and 6.88% respectively this week.
Highlights of this week
Investment and financing process: 1) Zhixing technology, the developer of automatic driving technology, completed hundreds of millions of yuan of C + round financing; 2) Torui’an, an automobile intelligent driving system developer, completed round B financing of RMB 1.3 billion; 3) Hongda Jiutong, a developer of automobile intelligent driving system, was acquired by basket technology; 4) Cross border e-commerce logistics service provider delivery com. Complete hundreds of millions of RMB a round of financing; 5) Lejia power, a cross-border e-commerce logistics service provider, completed a round of financing of tens of millions of yuan; 6) The R & D of new energy charging pile products and the garage electric pile obtained hundreds of millions of yuan of strategic investment; 7) German automotive lighting service provider AMLs was acquired by Piou group; 8) Abnormalloadservices, a British logistics and transportation service provider, obtained strategic investment; 9) Uganda’s online car Hailing platform seconds completed an angel round of financing of US $350000.
News: 1) Navinfo Co.Ltd(002405) cooperates strategically with pony Zhixing to develop intelligent driving products for passenger car OEMs; 2) This year, the global production of 1.25 million vehicles has been reduced due to lack of cores, accounting for 5.7% in China; 3) Avita completed the first round of financing and delivery, Contemporary Amperex Technology Co.Limited(300750) became the second largest shareholder, and opened a round of financing within the year; 4) Benchmarking domestic BMW x5l and velai ES7 will be released at the end of May.
Policy: 1) Foshan Transportation Bureau issued the measures for the management of operation support funds for distribution trucks in Foshan new energy city; 2) The traffic administration bureau of the Ministry of Public Security issued the newly revised provisions on the application and use of motor vehicle driver’s license and the measures for the administration of scoring of illegal acts in road traffic safety; 3) Hainan Provincial Department of industry and information technology issued several measures to encourage the use of new energy vehicles in Hainan Province in 2022; 4) Ten ministries and commissions including the national development and Reform Commission and the Ministry of industry and information technology jointly issued the guiding opinions on further promoting power substitution.
Recent outlook
Recent major conferences: 1) the 7th China automotive intelligent production lean logistics Collaborative Development Forum in 2022; 2) The3rdautocs2022 intelligent vehicle information security conference; 3) The second new energy battery and key core materials frontier technology and intelligent manufacturing Summit Forum; 4) 2022 China International Intelligent Transportation Industry Conference. Recently listed models: Saic Motor Corporation Limited(600104) mgone, DPCA Fukang es600, Jiangling Ford technology Lingrui, Zhiji automobile Zhiji L7, etc.
Risk tips: smart car technology advances slowly, technology upgrade is less than expected, policy risks, information and data are not updated in time, etc.
