Market review this week
This week (4.17-4.23), the smart car index fell 6.03%, higher than CSI 300 (- 4.19%) and Kechuang 50 (- 3.22%). Among individual stocks, Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Huizhou Desay Sv Automotive Co.Ltd(002920) and Ningbo Tuopu Group Co.Ltd(601689) led the gains, rising 5.6%, 3.6% and 2.6% respectively this week.
Highlights of this week
Investment and financing process: 1) Jingwei Hengrun, an automotive electronic product R & D company, is listed; 2) The car smart business service platform car collection interconnection has obtained tens of millions of yuan of strategic investment; 3) Smart travel platform service provider yueyun software obtained strategic investment; 4) Huajian new energy, a developer and applicator of core components of new energy vehicles, received a strategic investment of 30 million yuan; 5) The outbound self driving tour car rental service platform has completed tens of millions of dollars of round D financing; 6) Jacobs vehicle systems, an American engine braking technology developer, was acquired by Cummins; 7) Paperfly, a logistics technology service provider in Bangladesh, received a strategic investment of US $4.49 million.
News: 1) Contemporary Amperex Technology Co.Limited(300750) Shanghai Lingang Holdings Co.Ltd(600848) factory has resumed production; 2) The vehicle is equipped with journey 5 chip, Byd Company Limited(002594) holding the horizon; 3) Lincoln released a new concept car, which will launch three pure electric models before 2025; 4) Part of the production lines of Guangzhou’s main vehicle factories have been shut down or semi shut down; 5) Gac-e’an’s first super charging and switching center was built in Guangzhou.
Policy: 1) Chongqing Finance Bureau and Chongqing Economic and Information Technology Commission jointly issued the notice on the financial subsidy policy for new energy vehicles and charging and switching infrastructure in Chongqing in 2022; 2) Chengdu Economic and Information Technology Bureau issued the notice on applying for municipal financial subsidies for the promotion and application of new energy vehicles in 2019 and previous years; 3) The Ministry of Finance officially issued the budget indicators of rural passenger transport subsidy funds and urban traffic development incentive funds (subsidies for rural passenger transport and taxis due to oil price adjustment) in 2022.
Recent outlook
Recent major conferences: 1) the 3rd autocs 2022 intelligent vehicle information security conference; 2) The second new energy battery and key core materials frontier technology and intelligent manufacturing Summit Forum; 3) 2022 China International Intelligent Transportation Industry Conference.
Recently listed models: Zhiji L7, SAIC Audi a7l, BAIC Ruixiang boten V1, BAIC Ruixiang boten V2 and BAIC Ruixiang boten m3, etc
Risk tips: smart car technology advances slowly, technology upgrade is less than expected, policy risks, information and data are not updated in time, etc.
