The A-share and Hong Kong stock auto sectors jointly opened a "plunge mode" today.
Friends of the full stock of automobile stocks, are you okay? Are you still standing guard?
Anyway, we dripped hard and emo another day.
As of the close, the Hong Kong stock vehicle sector, the Great Wall fell more than 13%, Weilai fell more than 11%, Xiaopeng fell more than 9%, ideal fell more than 8%, BYD and Geely both fell more than 7%.
In terms of A-shares, Beiqi Blue Valley fell more than 7%, Jianghuai and Changan both fell more than 6%, and Xiaokang shares fell more than 4%.
The new energy sector is a "hard-hit area", Ganfeng Lithium fell 15%, Tianqi Lithium fell 10%, Ningde era fell 7%, completely "collective collapse" rhythm.
Whether it is A-shares or Hong Kong stocks, as far as the eye can see, it can be said that there is mourning everywhere, and a pessimism is spreading.
So, behind the "sharp decline" of the vehicle sector and the "green oil" of new energy vehicle stocks, what is happening?
Kung Fu Automobile believes that the most direct trigger is caused by the "shutdown" of supply chain and logistics caused by the recent outbreak of the epidemic.
Under the influence of the epidemic in Shanghai and other places, the factories and research and development bases of many car companies are close to suspension.
At the same time, the logistics and transportation of the supply chain link has also been greatly affected, and the receipt and delivery of goods and parts have encountered a lot of resistance, and even similar situations such as "some parts are even blocked on high speeds".
In this context, some vehicle manufacturers in the Yangtze River Delta have stopped working, which has affected the vehicle manufacturers.
The first to announce the suspension of production was Weilai.
According to WEILAI, its supply chain partners in Jilin, Shanghai, Jiangsu and other places have stopped production one after another and have not yet recovered.
In addition, WEILAI needs about 1,000 chips per car, of which 10% of the chips face tight supply problems from time to time, making the delivery problem worse.
Affected by this, Weilai vehicle production has pressed the "pause button".
Under the sweep of the epidemic, not only the vehicle manufacturing plant suffered, but the battery manufacturing plant was also affected.
According to Kung Fu Automobile, there have been recent cases of new coronary pneumonia in Ningde City, Fujian Province.
There are also rumors on the Internet that "the Ningde Municipal Bureau of Industry and Information Technology has notified that service enterprises arrange production according to existing materials and will no longer import raw materials."
If the news is true, it also means that the "Ningde era production reduction" that came out a while ago is not empty.
As the leader of the domestic battery industry, if the Ningde era is really a problem, the impact on the new energy industry chain can be imagined.
Obviously, under the influence of the epidemic, with the limited supply chain, the prospects of the new energy market are not very optimistic.
Unexpectedly, the new energy sales in March just announced today are "rising".
This is also in great contrast with the "dark moment" of A-share Hong Kong stocks and even the "negative frequency" of the new energy industry chain.
According to data from the Association of Passenger Vehicles, the wholesale sales of new energy passenger vehicles reached 455,000 units in March, an increase of 122.4% year-on-year and 43.6% month-on-month, and the month-on-month increase was close to that of previous years.
It is not difficult to see that under the impact of the price increase caused by supply chain problems, the momentum of strong demand for new energy vehicles is still increasing.
Whether it is traditional car companies such as BYD or new car-making forces such as Xiaopeng, the vast majority of them have obtained very good sales, and the sales of many car companies and models have reached a new high.
So, is this surge in sales "overdrafting" the future demand of the new energy market?
As we all know, major car companies have reserved a "buffer period" before adjusting prices.
Take Lantu, for example, which announced a price increase at the end of March, but the policy officially took effect in May, leaving a window period for consumers to buy.
Such car companies are not in the minority, such as Extreme Krypton, Roewe and so on.
Such a way is undoubtedly the "consumption front" brought about by the price increase stimulus.
In addition, in the context of the epidemic and the high oil prices, the continuous price increase tide has also forced the "wait-and-see parties" who hold the currency and wait for the wait.
After all, no one knows how long this wave of price increases will last.
With the passage of this "price increase increment", it is worth pondering whether the "overdrafted" new energy market can still maintain such a growth rate.
Kung Fu shoots
The "dark moment" of A shares and Hong Kong stocks undoubtedly took the lead in giving warnings to the new energy automobile industry.
Now, even if Shanghai lifts the lockdown, it will still take a transition time to restore production capacity to full speed.
Therefore, under the repeated impact of the epidemic, there are still a series of hard battles to be fought at the supply chain end of the new energy industry.
Not only is it a problem of the supply chain, under the tide of price increases, the "consumption front" of the new energy market will leave a "root cause" for the demand side, which is also a big suspense.