Financial Associated Press (Shanghai, editor Hu Jiarong) news, affected by the January China's new energy vehicle production and sales data forecast, the Hong Kong stock auto sector rose slightly on Tuesday, as of press time, the overall sector rose 1.8%, but the trend of individual stocks is differentiated. Among them, Ideal Automobile (02015.HK) and BYD (01211.HK) rose the most, while Great Wall Motor (02333.HK) fell.
According to data released after hours on Monday by the China Association of Passenger Vehicles, retail sales of new energy passenger vehicles reached 347,000 units in January, up 132% year-on-year; down 27% month-on-month, in line with the 25% decline in January 2021. Among them, BYD sold 93,100 vehicles; Tesla China sold 59,800 vehicles (exported 40,500 vehicles); saic, GAC and other traditional car companies also have outstanding performance in the new energy sector. In addition, the penetration rate of the new energy market has continued to increase, with the domestic retail penetration rate of new energy vehicles being 16.6% in January, an increase of 10 percentage points from the penetration rate of 6.8% in January 2021.
In january's new energy vehicle data, some car companies also had poor sales data, such as the January production and sales data released by Great Wall Motor after hours on Monday, and the company's car sales in January were 111,778 units, down 19.59% year-on-year. Among them, Haval about 70,200 units, a year-on-year decrease of 25.66%; WEY brand 5,098 units, a year-on-year decrease of 15.03%; Great Wall pickup trucks about 12,900 units, a year-on-year decrease of 42.23%; but the new brand performed well, About 13,200 units, an increase of 28.94% year-on-year; tanks about 10,400 units, an increase of 72.2% year-on-year.
Ideal Auto and BYD previously announced January delivery figures of 12,268 units and 95,180 units, both up more than 120%. In contrast, Great Wall Motor's January sales data is far from the two car companies, and the auto sector has diverged this morning.
In addition to the good news of new energy vehicle sales data in January, many institutions are also optimistic about new energy vehicles. According to The 13F report released on Monday, Hillhouse ideally increased its holdings in the fourth quarter of last year by more than three times and more than four times, respectively. In addition, Gao Yi Assets liquidated two Chinese education stocks - New Oriental ADR and Good Future ADR, and built a position in Ideal Automobile and Shengmei Semiconductor.
In addition, it is worth mentioning that the recent subsidies for new energy vehicles and the rise in the price of basic resources such as lithium ore are also testing the new energy vehicle market, and car companies are also facing certain cost pressures, and some car companies have announced price increases.
In this regard, Cui Dongshu, secretary general of the National Passenger Vehicle Market Information Joint Association, judged that car companies should be able to resolve the pressure, the market price of new energy vehicles is not expected to rise sharply, and the new energy vehicle market will continue to maintain rapid growth in 2022.