Market review this week
This week (4.3-4.9), the smart car index fell 4.08%, higher than CSI 300 (- 1.06%) and lower than Kechuang 50 (- 5.69%). Among individual stocks, Byd Company Limited(002594) , Navinfo Co.Ltd(002405) and Shanghai Putailai New Energy Technology Co.Ltd(603659) led the gains, rising 3.4%, 2.9% and 0.7% respectively this week.
Highlights of this week
Investment and financing process: Changlong airlines, a comprehensive public transport air service provider for passenger and cargo, completed round B financing.
News: 1) ZF acquires 6% equity of Korean automatic driving algorithm company; 2) Byd Company Limited(002594) automobile officially announced to stop the whole vehicle production of fuel vehicles; 3) Eve Energy Co.Ltd(300014) plans to build a power battery factory in Hungary; 4) Holding 9.2%, musk became the largest shareholder of twitter. 5) the 2022 Beijing auto show was postponed.
Policy: 1) Beijing issued the notice of Beijing Municipal Bureau of economy and information technology on the application of Beijing fuel cell vehicle demonstration and application project from 2021 to 2022. 2) Zhengzhou Municipal Bureau of transportation issued the technical requirements for model selection applicable to the operation subsidy of freight distribution vehicles in new energy cities; 3) The people’s Government of Yunnan Province issued the three-year action plan for the development of new energy battery industry in Yunnan Province (20222024); 4) The Beijing Municipal People’s Government printed and distributed the energy development plan of Beijing during the 14th Five Year Plan period.
Recent outlook
Recent major conferences: 1) the 7th China automotive intelligent production lean logistics Collaborative Development Forum in 2022; 2) The 3rd autocs 2022 intelligent vehicle information security conference; 3) The second new energy battery and key core materials frontier technology and intelligent manufacturing Summit Forum; 4) China International Conference on intelligent transportation industry 2022.
Recently listed models: SAIC Maxus V100, Chery new energy QQ ice cream, Beiqi Foton Motor Co.Ltd(600166) general F9, Xiamen Jinlong United Longyao 8, Saic Motor Corporation Limited(600104) mg5 Scorpio and Beiqi Foton Motor Co.Ltd(600166) general g9suv.
Risk tips: smart car technology advances slowly, technology upgrade is less than expected, policy risks, information and data are not updated in time, etc.
