CICC: New energy vehicles in the low season in January but actual sales are expected to be strong

Zhitong Finance APP learned that CICC released a research report saying that it is recommended to pay attention to the head of independent vehicles and new forces car companies, including: Great Wall Motor (02333), Changan Automobile (000625.SZ), Geely Automobile (00175), Xiaopeng Automobile -W (09868), Ideal Automobile -W (02015), Nio Automobile (NIO. US); Under the stable growth expectation, pay attention to the industrial chain of heavy-duty trucks, such as Weichai Power (02338), China National Heavy Duty Truck (03808), Weifu Hi-Tech (000581.SZ) and Ofu Environmental Protection (688021.SH).

According to the report, at present, China's major new energy vehicle companies began to announce January sales, data point of view, BYD shares (01211), Ne Jia and zero run continued to maintain a slight growth month-on-month, production and sales performance is strong; Weilai Automobile, Ideal Automobile-W, Xiaopeng Automobile-W, JiKr and GAC Aeon declined slightly from the previous month, and the total passenger car sales of the above-mentioned car companies were nearly 166,000 units, a lower decline than the same period in history. On the industry side, although new energy was in the off-season of consumption in January, the bank expects the actual sales performance to be strong.

The report mentioned that the association predicted that the retail sales of narrow passenger cars in January reached 2.05 million units, down 6.2% year-on-year and 3% month-on-month. The bank believes that the current market is more worried about the problem of terminal demand, negative factors mainly include the narrowing of terminal discounts and battery prices, in addition to the rush to install at the end of December and the price increase of models have also brought impact, but looking ahead, reiterating that the demand for automobiles is still in the bottoming out of the upward cycle, considering the impact of the Spring Festival, the March data is more worthy of attention, inventory recovery and the release of demand for holding coins for purchase are expected to support sales growth.