Oriental Fund Li Rui: The new energy automobile industry is the golden track of the next decade

China Securities Network News (reporter Li Huimin) Li Rui, manager of the Oriental New Energy Automobile Fund, said on June 3 in the live broadcast of the China Securities News "China Securities Point Jinhui" that the new energy automobile industry has growth, certainty and sustainability, which can be said to be a golden track in the next decade. Specifically from the production and sales data, in 2020, the global production and sales of new energy vehicles are less than 3 million, the penetration rate is only 3%, and the global sales of new energy vehicles in 2025 are expected to reach 15 million -18 million, achieving 5-6 times the growth in 5 years, and the penetration rate at that time is only less than 20%, which is expected to achieve continuous release.

At the same time, China's lithium battery industry chain has strong competitiveness in the world, including three driving factors: one is the starting point of China's lithium battery industry is higher, and there are better entry conditions for switching from consumer batteries to power batteries; second, China's new energy automobile industry has policy encouragement and domestic demand support; third, China has the world's most complete industrial cluster, far surpassing Europe and even South Korea, laying the advantages of cost and R&D and other efficiency for the long-term development of the industrial chain.