In December, the penetration rate of new energy passenger vehicles was 22%. In December, 481000 new energy passenger vehicles were insured, a year-on-year increase of 114.5%; Among them, there were 396000 pure electric vehicles and 85000 plug-in hybrid electric vehicles, with a year-on-year increase of 112.7% and 123.1% respectively. In 2021, 2.893 million new energy passenger vehicles were insured, with an annual penetration rate of 14.3% and a monthly penetration rate of 22.0% in December.
The penetration rate of new energy in non restricted and restricted cities continued to increase, 17.9% and 22.5% respectively. In December, the penetration rates of first tier, second tier, third tier, fourth tier and lower tier cities were 34.4%, 23.8%, 20.4%, 15.0% and 10.7% respectively. In December, the penetration rates of new energy in non restricted, restricted and restricted cities were 17.9%, 36.3% and 22.5% respectively. In December, the top five cities in terms of new energy penetration were Sanya, Hainan, Haikou, Shanghai and Puyang, with penetration rates of 63%, 58%, 52%, 43% and 41% respectively. In December, the penetration rates of leased and non operating new energy were 83.8% and 19.8% respectively.
In December Byd Company Limited(002594) , Hongguang miniev won the championship of automobile enterprises and ranked first in the model. In December, the top 5 enterprises of new energy passenger vehicles were Byd Company Limited(002594) automobile, Tesla China, SAIC GM Wuling, Great Wall Motor Company Limited(601633) , Chongqing Changan Automobile Company Limited(000625) , and the number of insured vehicles were 95062, 70219, 49631, 23442 and 22886 respectively; The top 5 models are Wuling Hongguang miniev, Tesla modely, Tesla Model3, Byd Company Limited(002594) song plusdm and Byd Company Limited(002594) Qin plusdm respectively, and the insured numbers are 45950, 40242, 29977, 16513 and 15397 respectively.
Byd Company Limited(002594) in December, the number of insurance on new energy passenger vehicles continued to reach a new high, and plug-in hybrid and pure electricity continued to work. Byd Company Limited(002594) in December, 107246 new energy passenger vehicles were insured, with a year-on-year increase of 77.7% and a month on month increase of 10.8%, including 50607 pure electric vehicles and 44455 plug-in hybrid vehicles. The number of Han EV insurance remained high, 9960; Dolphin and Qin plusev insured 8340 and 9307 vehicles respectively; Qin plusdm and song plusdm insured 15397 and 16513 vehicles respectively.
GAC AEAN insurance 17088 vehicles, with the C-end accounting for 72.2%. In December, there were 17088 gac-aean insurance vehicles, with a year-on-year increase of 65.1% and a month on month increase of 15.8%. The number of insured vehicles on ai'an s, ai'an y and ai'an V are 8610, 6552 and 1774 respectively. In December, the number of non operational insurances in ai'an accounted for 72.2%.
Euler sold more than 20000 vehicles in December, and the insurance number of Euler's good cat broke 10000 for the first time. In December, there were 22729 Great Wall Euler brand insurance, with a year-on-year increase of 82.9% and a month on month increase of 49.7%. In December, the number of insurance coverage of Euler's good cat broke 10000 for the first time, reaching 10997 vehicles, accounting for 52.6%, 21.3% and 26.0% respectively in non restricted cities, restricted cities and restricted cities.
Tesla insured 70219 vehicles in December. In December, there were 70219 Tesla insurance vehicles, with a year-on-year increase of 199.0% and a month on month increase of 118.3%. Model 3 and model y insured 29977 and 40242 vehicles respectively. In December, Tesla accounted for 38.0%, 38.3% and 23.7% respectively in non restricted, restricted and restricted cities.
New forces had excellent sales performance in December. Xiaopeng had 16357 insurance vehicles in December, with a year-on-year increase of 184.3% and a month on month increase of 9.6%; Among them, 7517, 3769 and 5071 Xiaopeng P7, G3 and P5 are insured respectively. Ideal December insurance 14112, an increase of 113.1%, an increase of 5.0%. In December, there were 10482 insurance vehicles in Weilai, 51.1%, an increase of 0.7% month on month. In December, there were 8453 insurance vehicles on Zero run, with a year-on-year increase of 420.8%, including 2338 insurance vehicles on Zero run C11; Nezha and Weima insured 11415 and 4316 vehicles respectively in December, with a year-on-year increase of 433.7% and 26.8% respectively.
Investment suggestions: focus on recommending excellent independent vehicle enterprises Byd Company Limited(002594) , Guangzhou Automobile Group Co.Ltd(601238) , Great Wall Motor Company Limited(601633) and parts enterprises Zhejiang Founder Motor Co.Ltd(002196) , Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Changzhou Xingyu Automotive Lighting Systems Co.Ltd(601799) , Shanghai Kelai Mechatronics Engineering Co.Ltd(603960) .
Risk tip: the subsidy has declined sharply; Chip shortage; Sales of new models were lower than expected
