Market review this week
This week (1.02-1.08), the smart car index fell 8.19%, higher than CSI 300 (- 2.39%) and Kechuang 50 (- 6.63%). Among individual stocks, Shenzhen Genvict Technologies Co.Ltd(002869) , China Transinfo Technology Co.Ltd(002373) , Queclink Wireless Solutions Co.Ltd(300590) led the gains, rising 11.6%, 1.8% and 0.1% respectively this week.
Highlights of the week
Investment and financing process: 1) Kaixin automobile, a high-end used car dealer, obtains strategic investment; 2) Haomibo, the developer of millimeter wave radar, completed the a + round of financing; 3) Express logistics service platform intelligent rental travel completed round B financing; 4) Murui technology, a scientific research service institution in the automotive industry, completed Angel round financing; 5) Glovo, an American on-demand delivery service provider, has obtained strategic investment. 6) Moladin, an Indonesian motorcycle e-commerce platform, completed round a financing.
News: 1) Mercedes Benz released the vision eqxx prototype; 2) Krypton will expand cooperation with Mobileye, or launch L4 self driving new car in China in 2024; 3) Volvo and JD cross-border cooperation to launch after-sales projects; 4) Dongfeng Honda built a new electric vehicle factory.
Policy: 1) the Department of ecological environment of Ningxia Hui Autonomous Region issued the 14th five year plan of Ningxia Hui Autonomous Region to deal with climate change.
Recent outlook
Recent major conferences: 1) the 12th China International New Energy Vehicle Conference; 2) 2022 China automotive carbon neutral international summit; 3) The Third International Summit on Shanxi Guoxin Energy Corporation Limited(600617) automotive thermal management innovation.
Recently listed models: BMW (imported) BMW IX, GAC Toyota VESA.
Risk tips: smart car technology advances slowly, technology upgrade is less than expected, policy risks, etc.
