Affected by the news that auto companies started to gradually resume work, the A-share auto sector opened higher, the auto parts sector rose sharply throughout the day, and individual stocks in the sector rose by the limit, Zhongjie (Jiangsu) Technology Co.Ltd(301072) , Ningbo Kbe Electrical Technology Co.Ltd(300863) , Jiangsu Olive Sensors High-Tech Co.Ltd(300507) and other stocks rose by more than 10%.
Since mid March, due to the market’s concern about the disturbance of production and marketing of the epidemic, the share prices of some auto parts companies have fallen by more than 20%. Previously, the market expected that the impact of the epidemic on supply and demand would reach two months. The Shanghai auto industry began to gradually resume production in April, exceeding market expectations.
The agency believes that, basically, the large-scale shutdown of the automobile industry chain caused by this round of epidemic is gradually showing a marginal improvement trend. Although it is difficult to determine the specific time node for a complete return to normal in the short term, the current market sentiment of the automobile sector may have bottomed out, and the recovery trend needs to be observed.
Since March, affected by the epidemic, many vehicle manufacturers and parts suppliers in Shanghai have successively announced shutdown and production reduction, and the automobile industry once pressed the “pause button”. However, with the voice of many ministries and commissions to ensure supply and transportation, automobile industry chain enterprises have begun to gradually promote the resumption of work and production.
Starting from April 18, Saic Motor Corporation Limited(600104) subordinate SAIC passenger cars, SAIC Volkswagen, SAIC GM, Huayu Automotive Systems Company Limited(600741) , Anji logistics and other vehicle, parts and logistics enterprises, focusing on personnel support, supply chain support, logistics support, closed production management and epidemic prevention measures, started the pressure test of resumption of work and production. In the future, Saic Motor Corporation Limited(600104) will comprehensively consider the epidemic trend and stress test results, and formulate further dynamic planning for resumption of work and production.
According to the latest news, Tesla‘s Shanghai plant is ready to resume production on April 18 after three weeks of shutdown. After returning to work, Tesla plans to start with one shift and then gradually increase it. People familiar with the matter also pointed out that the plan may still change according to the development of the epidemic.
The recovery of Changchun automobile industry is faster. At present, the five main engine plants of FAW Group in Changchun have all resumed work. Among them, FAW Hongqi Weishan factory, FAW Volkswagen and FAW Toyota finished the offline of the whole vehicle, FAW Pentium and Faw Jiefang Group Co.Ltd(000800) completed the commissioning of the production line, and started production on the 17th; Of 276 parts suppliers, 25117 have returned to work.
It is worth noting that some enterprises implement closed-loop production during sealing and control management to make up for capacity loss. According to previous reports of interface news, SAIC Volkswagen MEB plant and No. 2 automobile plant maintained closed production during the silent management in Anting Town, with about 2000 workers and relevant parties involved.
Zhiji L7, the first model of Zhiji L7, whose production base is in Shanghai Lingang Holdings Co.Ltd(600848) , will be delivered in May. At present, 12 front-line employees form a “commando” for production and supply guarantee, and the factory is stationed to ensure delivery. At the same time, team members hold supply assurance meetings twice a day with the procurement and supply chain team of the headquarters through remote connection. Except that the test drive was delayed for about 2 weeks due to logistics reasons, the overall work efficiency and propulsion of Zhiji automobile were normal.
WeiPai technology, which produces integrated electric drive system, introduced to the interface news that at present, the factory is still in orderly closed-loop production. “The factory has always put the safety of employees in the first place, taken all-round epidemic prevention measures, prepared emergency plans, and conducted physical and mental counseling for employees.” WeiPai’s customers include Hyundai, great wall, Dongfeng and Renault.
Zhang Junyi, the managing partner of Aowei consulting, disclosed to the interface news that it is expected that the Shanghai automobile industry will resume production in the next one to two weeks.
Recently, the Ministry of industry and information technology announced that it would study and establish an emergency coordination mechanism for the demands of the industrial chain supply chain, establish a “white list” of key enterprises in the field of industry and information technology, and concentrate resources to give priority to ensuring the resumption of work and production of 666 key enterprises in key industries such as integrated circuits, automobile manufacturing and biomedicine in Shanghai. Interface news noted that Tesla is on the list of discontinued enterprises that must return to work.
In addition, the Shanghai Municipal Economic and Information Technology Commission issued the first edition of the guidelines for the prevention and control of the epidemic situation of industrial enterprises returning to work and production, requiring enterprises to formulate epidemic prevention and control and closed-loop management plans, implement “two points and one line” management of employees’ workplaces and residences, and conduct regular testing. Enterprises must also submit the plan to the epidemic prevention and control department for approval.
On April 18, Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, attended the national teleconference on ensuring smooth logistics and promoting the stability of the industrial chain supply chain. He said that efforts should be made to stabilize the industrial chain supply chain, leverage 1 trillion yuan of funds through 200 billion yuan of scientific and technological innovation refinancing and 100 billion yuan of refinancing for transportation and logistics, and establish automobiles, integrated circuits, consumer electronics, equipment manufacturing, agricultural materials, food White list of pharmaceutical and other key industries and foreign trade enterprises.
