[matters]
In 2021, the world’s new energy vehicles grew rapidly. The data of China, Europe and the United States were extremely dazzling, and the annual sales volume was close to 100%.
In 2022, there is no upper limit on the scale of Shanxi Guoxin Energy Corporation Limited(600617) automobile subsidies, which is expected to exceed 6 million vehicles, and the year-on-year growth rate of sales will reach 70%; The U.S. market will also grow rapidly. Referring to the rapid growth of sales after the introduction of European subsidy policies, we judge that the sales of Shanxi Guoxin Energy Corporation Limited(600617) cars in the United States will reach about 1.5 million in 2022, with a year-on-year growth rate of 147%.
Driven by high-quality products and strong subsidy policies, China continues its high growth, and the US market is ready to go. We judge that the global market will continue to grow rapidly in 2022, and we predict that the growth rate will reach 66% in 2022.
[configuration suggestions]
We judge that the current rising trend of new energy vehicles is still in the middle stage, and will continue to grow at a high speed in 2022, while the stock price has been seriously corrected since September 2021.
We judge that after the stock oversold, the new energy vehicle sector will usher in a rebound window. The annual report of 2021, the first quarterly report of 2022, the high growth of sales volume in China and the United States in 2022 and the rise in the price of upstream resource products will become the catalyst.
Setting up a platform in the middle reaches: the leading position is stable and the market share is further improved. It will take the lead in stabilizing and be cautious about Contemporary Amperex Technology Co.Limited(300750) , Yunnan Energy New Material Co.Ltd(002812) .
Upstream singing: the growth of lithium resources is basically synchronized with that of lithium batteries. The compound growth rate of demand in 2025 is 31% compared with that in 2020. The price elasticity of upstream resource products is large, but also has the growth of quantity. The suppressed valuation has upward elasticity, and there is large upward space for the stock prices of Ganfeng Lithium Co.Ltd(002460) , Tianqi Lithium Corporation(002466) , Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) , Zhejiang Huayou Cobalt Co.Ltd(603799) .
[risk tips]
Geopolitical risk of resource products
Price risk of policy intervention
US tax credit policy cannot be implemented / delayed
