Editor's Note: Review the new energy industry data and macro policies, and collect the weekly stock price changes, hot company events, global new energy focus topics, and pay attention to the views and investment opportunities of well-known securities companies.
Author: Simon
1. International Energy Agency: Sales of pure electric vehicles or super-internal combustion engine vehicles in the next 10 years
2. Xiaomi Automobile Beijing plant started construction, with an annual output of 300,000 vehicles
3. Tesla plans to reopen the Shanghai factory, and the output loss during the sealing period is 37,800 vehicles
4. BYD version of "Model 3" parameter exposure! Price or starting from 220,000
First, a week's list of new energy companies
Source: Huasheng Securities
As of the end of the nearly week since the press release, the stock prices of new energy car manufacturers have risen less and fallen more. Among them, Faraday has performed better in the next week, with stock prices rebounding by more than 7%, followed by Wuling Motors, BYD shares and Rivian, but the increase is not large; Xiaomi Group has fallen by 7% in the past week, and Tesla, Lucid, Wei Xiaoli and other new car-making forces have all fallen by 2%-5%.
Second, the macro data and industry policies of new energy vehicles
1. International Energy Agency: Sales of pure electric vehicles or super-internal combustion engine vehicles in the next 10 years
According to the International Energy Agency, global pure electric vehicle sales reached 6.6 million units last year, accounting for 8.6% of total new car sales, and the market share is more than double that of 2020. According to forecasts, in the next 10 years, the sales of pure electric vehicles may exceed those of internal combustion engine vehicles.
2, the situation in Russia and Ukraine may cause global automobile sales to fall by 2% this year
Analysts at a market analysis agency predict that global car sales will fall by 2% year-on-year in 2022 due to the escalation of the situation in Russia and Ukraine, while last October the agency predicted that global car sales in 2022 will increase by 4%-6% year-on-year.
3. Investigation on the impact of the new crown epidemic on the new energy automobile industry: 36.1% of enterprises have significantly reduced production and sales
On April 12, Electric Vehicle Observer launched a survey on the impact of the new crown epidemic on the new energy automobile industry. The survey shows that 90% of enterprises are experiencing various aspects and different degrees of impact. 36． 1% of respondents said that the company's production or sales volume has decreased by more than a third. Among the direct causes of the impact, nearly 60% of respondents chose logistics stagnation; in addition, nearly 40% of respondents chose parts shortage - which is also related to logistics.
Source: Electric Vehicle Watcher
Third, the dynamics of key companies of new energy vehicles
1. Tesla plans to reopen the Shanghai factory, and the output loss during the sealing period is 37,800 vehicles
On March 28 this year, Tesla was forced to close its Shanghai factory in order to comply with the factory shutdown measures during the Shanghai anti-epidemic period. According to TheStreet, the plant produces about 2,100 vehicles a day, and if it shuts down until April 15, it will lose about 37,800 vehicles. It is reported that Tesla has notified employees to resume work and production today (April 18). With the increase in production capacity, the annual production capacity of the Shanghai plant will eventually increase to 1 million units. The plant will serve not only the Chinese market, but also other countries in Asia and Europe.
2. In response to the investigation and summons, Jia Yueting was dismissed from his position as executive officer by FF
According to a document disclosed by the U.S. Securities and Exchange Commission(SEC), Faraday Future's board of directors approved some of the measures that took effect on April 12, including the removal of its founder and former CEO Jia Yueting from executive position. The announcement shows that Jia Yueting will continue to serve as the company's chief product officer and user ecosystem officer, and report to the executive chairman of FF. Its main responsibilities will lie in products and mobile ecosystems and the Internet, artificial intelligence, advanced research and development technologies.
Source: Network
3. Xiaomi Automobile Beijing plant started construction, with an annual output of 300,000 vehicles
Recently, there are media reports that the construction of the block where Xiaomi Automobile's beijing factory is located has begun, and the plot is being leveled. The plot is the same plot that the Beijing Municipal Commission of Planning and Natural Resources announced on March 17, located in Yizhuang New Town, Beijing Economic and Technological Development Zone, numbered YZ00-0606-0101. According to the planned process, if the two phases of the factory can be successfully completed, then the Xiaomi factory will have a production capacity of 300,000 vehicles. Specifically, the first phase of the Xiaomi factory is scheduled to start construction in April 2022 and complete in June 2023, taking 14 months; the second phase of the project is scheduled to start construction in March 2024 and be completed in March 2025; and Xiaomi's first car will roll off the production line in 2024 and achieve mass production, of which the annual output of the first and second phases is 150,000 units.
3. Zhiji L7 was officially listed, starting from 368,800
On April 17, Zhiji L7 was officially listed, priced at 368,800 yuan. Previously, Zhiji L7 has announced that the price of the first model of Zhiji L7 Pro is 408,800 yuan, and at this conference, Zhiji Automobile once again announced the configuration and price of the new Zhiji L7 Dynamic version. As of now, there are two models of zhiji L7 that are about to enter the market. With the release of SAIC's high-end brand Zhiji L7, another player has been added to the high-end market of domestic new energy models.
Source: Car stuff
4. Lantu Automobile signed a strategic cooperation agreement with Baidu
On April 15, Lantu Automobile and Baidu signed a strategic cooperation agreement, and the two sides will carry out in-depth cooperation around automobile intelligence. According to the strategic cooperation agreement, the two sides will carry out priority cooperation in business areas such as intelligent driving, intelligent cockpit, intelligent driving simulation cloud, automobile safety, and intelligent maps, jointly build new scenarios for intelligent driving and intelligent networking, and explore new business models and new ecological cooperation.
Lantu Automobile will uphold an open and cooperative attitude with Baidu, form complementary advantages, share resources and joint investment, realize direct user connection and model innovation with a more open platform, create intelligent electric vehicle products with industry competitiveness, and bring users a safer, more convenient and intelligent travel experience.
5. WEILAI has built 175 charging and replacement power stations with Sinopec
April 15 marks the first anniversary of NIO's strategic cooperation agreement with Sinopec. On the same day, WEILAI officials said that it and Sinopec have built a total of 175 charging and replacement power stations in the past year, and on average, one Sinopec cooperation station is online every two days. It is reported that the 175 charging and replacing power stations include 71 substations, 75 supercharging stations, and 29 destination charging stations, covering 26 provincial-level administrative regions and 72 prefecture-level cities.
Source: NIO
6. Volkswagen Group's new energy in China rose by 67.3% in the first quarter
On April 14, Volkswagen Group China announced that in the first quarter, due to chip shortages and the impact of the epidemic, volkswagen group (China) and its joint ventures in Chinese mainland and Hong Kong markets delivered new car deliveries fell by 23.9% to 754,000 units. However, there are also many bright spots, in the first quarter, the group's cumulative sales of new energy vehicles soared by 67.3%, reaching 38,700 units. About 35,200 new energy vehicles were delivered to Chinese consumers in the first quarter, an increase of 113% year-on-year, of which the sales volume of the pure electric ID. family accounted for 77%, about 27,100 units.
7. Rivian appoints Chief Sustainability Officer
Electric vehicle startup Rivian Automotive has appointed Anisa Kamadoli Costa as the company's first sustainability officer in the company's history, and she will be responsible for the company's climate goals, including achieving carbon neutrality in its own operations by 2028. Rivian said in a statement that before joining the company, Costa served as chief sustainability officer at Tiffany & Co. and as chairman of the Tiffany & Co. Foundation. Costa will travel to Rivian on Monday, April 18 to report directly to the company's CEO, RJ Scaringe, in addition to her responsibility for Rivian's Forever Foundation.
8. BYD version of "Model 3" parameter exposure! The price may start from 220,000, and the longest range is 700 kilometers
April 12 news, a few days ago BYD's new car SEAL once again exposed new news, it is expected that the new car will provide 3 endurance versions of the model, CLTC under the working conditions of the cruising range of 550 kilometers, 650 kilometers, and 700 kilometers. The price range of new cars will be between 220,000 and 280,000 yuan. According to the official pictures, this new SEAL car is very sporty in design. This seal is positioned as a 5-seat medium-sized pure electric sedan with a wheelbase of about 2900mm, coupled with a slip-back design, so this car is somewhat similar to tesla Model 3, NIO ET5 and even BYD Han.
Source: Car stuff
Fourth, the new energy vehicle agency views and investment ratings
1, Citi: Great Wall Motor expects strong sales growth of new energy vehicles this year, rating "buy"
Citi said in a research report that Great Wall Motors (2333.HK) sold 283,500 units in the first quarter of this year, of which 2.9 came from overseas markets. The bank gave its H-shares a target price of HK$24.8 with a "Buy" rating. Management expects new energy vehicle sales to grow strongly in fiscal 2022. The Group's brands will launch products this year, including HavaI and Tank will launch plug-in hybrid (PHEV) models in the second half of the year, and Ora will launch products in the second and third quarters.
Great Wall Motor Weekly Chart Source: Huasheng Securities
2. China Merchants Securities (Hong Kong): Maintained the "buy" rating of BYD shares, with a target price of HK$366
China Merchants Securities (Hong Kong) released a research report saying that it maintained the "buy" rating of BYD shares (01211) with a target price of HK$366. The supply chain of the automotive industry was affected by the epidemic in the Yangtze River Delta region, and some new energy vehicle companies announced the suspension of production, but the company benefited from the advantages of vertical integration, and the impact of the supply chain was limited. The bank is optimistic about the gradual release of the company's new production capacity, the outbreak of pure electricity + DMi product lines, and the acceleration of breakthroughs in the field of intelligence.
The above is all the content of this week's new energy weekly report, if you want to understand the latest developments in the new energy vehicle industry and companies, please continue to pay attention to the Huashengtong APP "New Energy Car Manufacturing Forces" and related reports.
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