With the continuous advancement of the global automotive electrification transformation, the sales volume and proportion of new energy vehicles are also increasing. At present, under the trend of automobile electrification, the drive system of the car is transformed from the traditional "engine + gearbox" to "battery + motor + electronic control", the supply chain has shifted from closed to open, and with China's more perfect supply chain system, China's car companies continue to exert efforts in the international market, ahead of other overseas traditional car companies, laying a solid foundation for domestic cars to go to sea
Xiaopeng P7
Recently, after analyzing the current electric vehicle market, CITIC Securities believes that under the current tide of electrification, China's car companies are expected to usher in the historical opportunity of "overtaking in curves", and are optimistic about the future prospects of 7 domestic car companies. According to CITIC Securities, at the current juncture of the transformation of fuel vehicles to electric vehicles, there are many advantages such as lowering the threshold for car manufacturing, opening up the supply chain and increasing the attention of new energy vehicles. This gives domestic car companies a good opportunity to develop. At the same time, the "three major pieces" of the engine, gearbox and chassis of traditional fuel vehicles have always been the weak links of domestic car companies, but with the transformation of new energy vehicles to the "three electric" system, the weaknesses of the past have been diluted, and the importance of software including intelligent software, automatic driving, etc. has increased in the importance of electric vehicles, and these are also the advantages of new forces such as Weilai and Xiaopeng.
NIO ET5
At present, Chinese car companies such as BYD, Great Wall, Weilai, Xiaopeng and so on have begun to export overseas, and the overseas sales of Chinese car companies may continue to increase in the future, so as to achieve the qualitative change of China's auto industry from "supply chain to sea" to "vehicle to sea". CITIC Securities is optimistic about the independent car companies that continue to promote electrification and accelerate the expansion of overseas markets, and the seven car companies of BYD, Great Wall Motor, Geely Automobile, GAC Group, SAIC, Weilai Automobile and Xiaopeng Automobile should attract the attention of investors and consumers.