European electric vehicles have come to a perfect end in 21 years, and Tesla is back on the rise. In the past 21 years, electric vehicles in Europe maintained a high growth rate and the penetration rate reached a new high. In December, the sales volume of electric vehicles in Germany, France, Norway, Britain, Sweden and Italy totaled 203000, with a year-on-year increase of 2% and a month on month increase of 21%; The annual sales volume of the six countries was 1.714 million, a year-on-year increase of 69%, and the annual sales volume in Europe is expected to be about 2.2 million. In December, the penetration rate of electric vehicles in Sweden, Britain, France, Italy and Germany reached 61% / 33% / 24% / 13% / 36% respectively, all reaching a new high in a single month. The process of vehicle electrification in Europe is accelerating.
In December, Tesla sold about 36000 vehicles in 11 countries including Germany, France, Sweden, Norway, the Netherlands, Italy, Spain, the United Kingdom, Switzerland, Denmark and Finland. The overall sales in Europe is expected to be about 38000 vehicles, with obvious seasonal sales fluctuations. In the past 21 years, as a new export base, Chinese factories helped Tesla sell about 170000 vehicles in the European market, with a year-on-year increase of nearly 70%, breaking the adjustment situation in Europe for 20 years and returning to the upward trend. With the production of the Berlin plant in 22 years, Tesla’s capacity bottleneck is expected to be further alleviated.
Industry trends: Ningbo Ronbay New Energy Technology Co.Ltd(688005) signed ternary material supply agreement with Contemporary Amperex Technology Co.Limited(300750) ; Shandong Shida Shenghua Chemical Group Company Limite(603026) issue the announcement of pre increase of performance in 21 years; The national standard for conductive charging connection device of electric vehicle was officially revised. Last week, the share price of new energy automobile industry chain company was significantly adjusted, and the net value of new energy theme fund fell.
Investment suggestion: with the strengthening of policy and auto enterprises, the penetration of new energy vehicles in the global market is ushering in a new round of acceleration, and the industry boom is rising. It is recommended to pay attention to the main line of new forces represented by Tesla and the catch-up process of new models such as Volkswagen, and recommend leading and second-line elastic targets. For the whole vehicle, Great Wall Motor Company Limited(601633) (2333. HK) and Geely Automobile (0175. HK) are highly recommended; In terms of battery materials, Contemporary Amperex Technology Co.Limited(300750) , Beijing Easpring Material Technology Co.Ltd(300073) , Ningbo Shanshan Co.Ltd(600884) are recommended; In terms of motor electric control, it is recommended to pay attention to Wolong Electric Group Co.Ltd(600580) , Shenzhen Inovance Technology Co.Ltd(300124) ; For lithium battery equipment, it is recommended to pay attention to Wuxi Lead Intelligent Equipment Co.Ltd(300450) and Zhejiang Hangke Technology Incorporated Company(688006) ; For lithium and cobalt, it is recommended to pay attention to Zhejiang Huayou Cobalt Co.Ltd(603799) , Chengxin Lithium Group Co.Ltd(002240) .
Risk tips: 1. The growth rate of electric vehicle production and sales slows down. With the continuous growth of the production and sales base of new energy vehicles, it will be more and more difficult to maintain a high growth rate, and the introduction of mainstream models for the public has become the key; 2. The price war in the industrial chain intensified. The continuous decline of subsidies and the continuous investment of new production capacity have led to the pressure of price reduction in all links of the industrial chain; 3. The influx of overseas competitors accelerated. With the growth of the Chinese market and the dilution of subsidy policies, the pace of overseas giants entering the Chinese market is accelerating, which has a new impact on the industrial pattern.
