Jilin was cleared and returned to work and production, the epidemic situation in Shanghai was gradually controlled and orderly, and the vehicle and supply chain started the pressure test of returning to work and production
Recently, affected by the epidemic situation in Jilin and Shanghai, the two major automobile bases and the surrounding areas directly affect the supply chain, and the production capacity is limited. With the social aspect of Jilin Province cleared, Hongqi Weishan factory has taken the lead in resuming work and production, the first batch of 47 suppliers have also been restored simultaneously, and other main engine factories have made preparations in advance and will resume production in batches in an orderly manner; Shanghai has transitioned to regional management and the transmission index has decreased. The epidemic situation is expected to be gradually controlled and improved under orderly control. The Ministry of industry and information technology and Shanghai Economic and Information Technology Commission coordinate the resumption of manufacturing industry in Shanghai. Vehicle manufacturers and supply chains also plan to start the pressure test of resumption of work and production.
Contemporary Amperex Technology Co.Limited(300750) nearly US $6 billion, Indonesia laid out the lithium battery industry chain, and Byd Company Limited(002594) announced the expansion of 45gwh batteries in Guangxi
puqin times, a subsidiary of Guangdong Bangpu, a Contemporary Amperex Technology Co.Limited(300750) subsidiary, signed a tripartite agreement with antam and IBI in Indonesia to jointly build industrial chain projects including nickel ore mining and smelting, battery materials, manufacturing and recycling, with a total investment of no more than US $5.968 billion Byd Company Limited(002594) its power battery company plans to invest in a 45gwh / a battery project in Nanning, Guangxi, with a planned investment of about 14 billion yuan. The construction period of the project is 15 months and is expected to be put into operation in 2023 Byd Company Limited(002594) at present, there are 19 completed and planned battery production bases, with a total capacity of 421gwh. Under the background of repeated global epidemics, China Shipbuilding Industry Group Power Co.Ltd(600482) battery enterprises show their advantages in industrial chain layout, production and manufacturing, technology R & D and capacity expansion, and continue to be optimistic about China Shipbuilding Industry Group Power Co.Ltd(600482) battery enterprises’ competitive advantages in the world.
Tesla may enter the lithium mining and smelting business, and Byd Company Limited(002594) Ningde will distribute lithium resources in Sichuan
The two major mines in Australia announced the resumption and expansion of production. The increment is limited and the realization time still needs to be observed, and the supply has not increased significantly; Allkem and Pilbara said that the price of lithium concentrate may reach $5000 / T or $6000 / T, supporting the price of lithium salt of more than 370000 or 450000 yuan / ton. Under the change of demand side structure, mismatch of supply and demand and rigid demand, the lithium price continues to be high in the process of cost transmission, while the profits continue to move up due to the rising concentrate price. The strategic attribute of lithium resources has been continuously strengthened. Musk said that Tesla may enter the lithium mining and smelting business. Byd Company Limited(002594) and Sichuan Road & Bridge Co.Ltd(600039) group, Contemporary Amperex Technology Co.Limited(300750) and Sichuan natural resources investment group Tianfu Mining and Ganzi Prefecture have successively established companies. The distribution of resources by the giant of car factory battery factory indicates a tense state, upstream and downstream participation in accelerating the development of lithium resources, and the company with high-quality lithium resources in hand will directly benefit.
Investment suggestions: 1. Release of production capacity, relief of cost pressure and recovery of gross profit battery plants: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Gotion High-Tech Co.Ltd(002074) , etc; Second, supply and demand support the high profit of lithium price and release lithium resource companies: Keda Industrial Group Co.Ltd(600499) , Youngy Co.Ltd(002192) , Chengxin Lithium Group Co.Ltd(002240) , Tianqi Lithium Corporation(002466) , etc; III. clear pattern, obvious advantages and tight supply and demand of materials in the middle reaches: Yunnan Energy New Material Co.Ltd(002812) , Guangdong Jiayuan Technology Co.Ltd(688388) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Shenzhen Dynanonic Co.Ltd(300769) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Cngr Advanced Material Co.Ltd(300919) , Zhejiang Huayou Cobalt Co.Ltd(603799) , etc.
Risk warning: the development of new energy vehicles is not as expected; Disruptive breakthroughs in related technologies; Downstream demand is lower than expected; Product prices fell more than expected; The price of raw materials fluctuates.
