This week, the auto sector pulled back, led by auto parts, with a strong trend of intelligence. CITIC auto index fell 3.17% this week, 4.28 percentage points behind the market, ranking 24th among 30 industries. Among them, passenger cars fell 1.30%, commercial vehicles fell 3.88%, auto parts fell 4.27%, and auto sales and services fell 3.59%. In the concept sector, the new energy vehicle index fell 3.03% and the intelligent vehicle index fell 1.10%. In the overseas market, the average rise and fall of the 15 vehicle manufacturers we tracked was – 9.1%, and the median average was – 10.1%.
In the first two weeks of January, the retail sales of passenger cars increased by 2.0% year-on-year and 15% month on month. From the perspective of wholesale, the average daily sales in the first two weeks were 52000 and 58000 respectively, with a year-on-year rate of – 4.2% and 0.2% respectively, and a month on month rate of – 2% and – 15% respectively; The average sales volume of 55000 vehicles in the first two Sundays of January was – 2.2% year-on-year and – 9% month on month. The overall trend was weak. From the perspective of retail, the average daily sales in the first two weeks were 58000 and 63000 respectively, with a year-on-year rate of 5.6% and – 1.9% respectively, and a month on month rate of 27% and 3% respectively; The average retail sales of 60000 vehicles in the first two Sundays of January were 2.0% year-on-year and 15% month on month, with a relatively stable performance.
Contemporary Amperex Technology Co.Limited(300750) released the power exchange service brand evogo, and the energy supplement system of new energy vehicles went further.
On January 18, Contemporary Amperex Technology Co.Limited(300750) released the power exchange service brand evogo and the overall solution of combined power exchange. The scheme consists of “chocolate power exchange block”, quick change station and app: ① the “chocolate power exchange block” adopts the latest CTP technology, with a weight energy density of more than 160wh / kg and a volume energy density of more than 325wh / L, and a single battery can provide an endurance of about 200km; ② The quick change station has four characteristics: small land occupation, fast circulation, large capacity and full climate. Each standard station only needs three parking spaces. The power change of a single power block is about 1 minute, and 48 power change blocks can be stored in the station; ③ App is mainly responsible for providing interconnection and services for people, vehicles, stations and electric blocks. Contemporary Amperex Technology Co.Limited(300750) as the absolute leader in the field of power battery, the introduction of power replacement service is expected to effectively solve the problems of power battery standardization, unified mode, early investment and later operation cost when the layout of vehicle factory is replaced. With the increase of the number of new energy vehicles, the difficulty of charging has gradually become an important problem restricting the sales and use of new energy. By the end of 2021, the vehicle pile ratio of Shanxi Guoxin Energy Corporation Limited(600617) vehicles was 3; 1。 Contemporary Amperex Technology Co.Limited(300750) the introduction of power exchange service can improve the energy supplement system on the one hand, and “vehicle electricity” can also reduce the purchase cost of consumers, which is conducive to the further penetration of new energy vehicles.
Investment suggestions: 1) continue to be optimistic about auto parts. It is suggested to pay attention to: ① Tesla industrial chain, Ningbo Tuopu Group Co.Ltd(601689) , Ningbo Xusheng Auto Technology Co.Ltd(603305) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , Zhejiang Yinlun Machinery Co.Ltd(002126) ; ② Lightweight, focus on Wencan Group Co.Ltd(603348) , Ikd Co.Ltd(600933) ; ③ Intelligent driving industry chain, Foryou Corporation(002906) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Lianchuang Electronic Technology Co.Ltd(002036) , sunny optical technology, Bethel Automotive Safety Systems Co.Ltd(603596) , Nextel, China Automotive Engineering Research Institute Co.Ltd(601965) ; 2) The trend of independent rise is clear. The vehicle manufacturer suggests paying attention to Geely Automobile, Great Wall Motor Company Limited(601633) , and the undervalued value Saic Motor Corporation Limited(600104) .
Risk tip: the lack of chips exceeded expectations, resulting in the industry recovery less than expected; The progress of intelligent electric is less than expected; Bulk price increases and core deficiency fermentation exceeded expectations.
