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. Under the influence of the epidemic, enterprises in non sealed and controlled areas are expected to maintain production. Since March 28, Puxi, Pudong, Shanghai has successively entered the sealed state. As one of China’s largest automobile supply chain regions, many automobile enterprises have been affected and forced to stop production. Tesla Shanghai Super factory has stopped production since March 28. As of April 8, it has stopped production for 12 days, losing about 24000 production capacity, the longest shutdown since the completion of the Shanghai factory. Weilai also said on the official app on the 9th that the production of Weilai’s complete vehicles has been suspended due to the continuous shutdown of supply chain partners in Jilin, Shanghai, Jiangsu and other places since March, which is expected to cause a loss of 685 complete vehicle production capacity per day. At the same time, due to the lack of parts in the whole vehicle supply chain, the shutdown of parts in Suzhou, Kunshan, Changchun and other places may lead to the decline of overall automobile production in the short term. In this context, we believe that vehicle enterprises in non sealed areas such as Byd Company Limited(002594) are expected to maintain production, and the leading new energy vehicle enterprises have a certain inventory of parts, making their supply chain less affected by the epidemic.
Han family models released, DMI upgrade and endurance. On April 10, Byd Company Limited(002594) held the lunar super conference of “Han as a spectator”. This time, the Han family released four models, and the price range after comprehensive subsidy is 215800329800 yuan. Among them, the pricing of Han dm-p and Han EV qianshancui limited edition exceeded the 300000 yuan mark, reaching 319800 and 329800 respectively. As the flagship model of this year, the Han DMI model is priced at 21.58-28.98w. Compared with the previous DMI series, the range is increased by 55km / 120km. It has launched two versions of 121km and 242km, corresponding to a larger single vehicle charging capacity. In the context of high raw materials, we believe that popular models are expected to drive the demand of lithium battery industry chain and bring structural opportunities.
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; Changes in industrial subsidies and policies; The production expansion of overseas automobile enterprises is less than expected, the competition is intensified, and the profitability is declining; Technical route changes.
