CICC 2022 outlook: In 2021, the new energy vehicle industry chain is generally under pressure by the increase in the price of upstream raw materials, but the downstream demand boom continues to be verified, and the industrial chain is still expected to achieve high growth rate; looking forward to 2022, it is expected that the global new energy vehicles are expected to critically break through the sales volume of more than 10 million, and the development of the industrial chain will reach a new height, and it is recommended that investors pay attention to the three structural main lines of the US market, upstream capacity expansion and midstream technological progress to drive the repair of middle and downstream profits and the globalization of lithium iron. (Securities Times)