Events
On January 11, the passenger Federation disclosed data that the sales volume of new energy passenger vehicles in 2021 was 2.446 million, and the penetration rate in 2021 increased from 5.8% in 2020 to 14.8%. The passenger Federation predicted that the penetration rate of new energy vehicles is expected to exceed 6 million in 2022, and the penetration rate can reach 22%.
On January 12, the Ministry of industry and information technology issued a document to vigorously promote the transformation and upgrading, prepare and release the management specification for road test and demonstration application of intelligent networked vehicles, carry out the pilot of coordinated development of smart city infrastructure and intelligent networked vehicles, accelerate the specification of vehicle information security, software upgrade, data recording system and other standards, and accelerate the industrialization process, The new passenger car market equipped with combined auxiliary system accounts for 20%. It is also pointed out that new energy vehicles continue to lead the world. In 2021, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will reach 3.52 million, a year-on-year increase of 1.6 times, ranking first in the world for seven consecutive years. Xi Jinping the general secretary has given instructions for many times, emphasizing the need to become a manufacturing power and an automobile power.
On January 12, Guo Shougang, deputy director of the Ministry of industry and information technology, said that the Ministry of industry and information technology would give full play to the role of the inter ministerial joint meeting mechanism of energy conservation and new energy vehicles, specify policies and measures to support the accelerated development of energy vehicles, maintain the effective connection of the policy system, comprehensively improve the guarantee capacity of key resources, and strengthen communication and coordination with Qinghai, Sichuan, Jiangxi and other provinces and cities, Promote and accelerate the development of lithium resources in China.
Key investment points
The data of electric vehicle sales in 2021 is bright, and the policy continues to take care of it. The passenger Federation believes that the subsidy policy for new energy vehicles in 2022 is a great benefit to the industry, and the subsidy ceiling of 2 million vehicles is cancelled. With the doubling of the scale of the industrial chain and the improvement of the cost reduction ability, it is expected that the increment of new energy vehicles in 2022 will be very strong. Previously, it was expected that the sales volume of new energy passenger vehicles in 2022 would be 4.8 million. This time, the sales volume expectation will be further improved. In addition, the Ministry of industry and information technology issued a document this time, emphasizing that Chinese cars should overtake at corners, expressing its determination to become an automobile power through the development of new energy vehicles, and affirming the achievements of China’s electric vehicle industry chain in the past seven years.
New energy is still the most high-quality track, and the mood ushers in repair. The deputy director of the Ministry of industry and information technology said that it was necessary to speed up the development of China’s lithium resources. Affected by the news, the price of lithium carbonate in Wuxi fell collectively, down 10%. The government said it would stabilize the supply chain price, which hit the market’s bullish sentiment on lithium carbonate. We believe that in the early stage, the share price of the new energy industry was affected by the news such as the rise of lithium carbonate price and the decline of subsidies, as well as the change of market wind, and each new energy index had a correction of more than 20%. In the medium and long term, the new energy track will still be the best high growth track in 2022, and the fundamentals of Companies in the industrial chain are still strong. The ride Federation and the Ministry of industry and information technology issued documents one after another, which boosted the previous negative mood of the new energy industry. There was an obvious turning point in the mood, and a wave of repair is expected.
Investment suggestion: it is suggested to pay attention to each subdivided leading enterprise with global competitiveness and the middle and upper reaches with tight supply and demand.
Risk factors: the sales volume of electric vehicles does not meet expectations; Industry competition intensifies; The price of raw materials continues to rise; Policy uncertainty of new energy vehicle industry.
