Wuling Hongguang comes out of shenche automobile industry pattern changes greatly and industrial chain is fully exposed

category:Finance
 Wuling Hongguang comes out of shenche automobile industry pattern changes greatly and industrial chain is fully exposed


Teslas current popularity does not mean that it has a complete absolute advantage in the new energy vehicle market. At present, the new energy vehicle market presents polarization phenomenon, not all new energy vehicles have strong market attraction.

Teslas electric vehicles have long occupied the top position in the global sales of new energy vehicles. Tesla is not alone in the field of new energy vehicles in the Chinese market. According to the monthly data released by the China Travel Association, the sales volume of Tesla and BYD in the Chinese market have occupied the top two for a long time this year. From a single model point of view, Tesla Model 3 has occupied the first place in the sales list of new energy vehicles in China for three consecutive months from May to July this year. In August, SAIC GM Wuling Hongguang miniev, which just came into the market in July, was very impressive. In August, the wholesale sales volume reached 15000 units (the following data are the wholesale sales volume of passenger cars in narrow sense). It surpassed Tesla Model3 and became the biggest black horse in the market. It won the sales champion of new energy vehicles in August. In addition, the sales volume exceeded 30000 units in 50 days, becoming the popularity of Chinas new energy vehicles Wang . It is worth mentioning that Hongguang miniev is the first four seat new energy vehicle under SAIC General Motors Wuling, with the price between 28800 yuan and 38800 yuan. Its other model Wuling Hongguang MPV, with a price of less than 60000 yuan, is currently the highest car model in China, once known as Chinas God car.

At present, the sales scale of new energy vehicles is still small compared with that of traditional fuel vehicles. However, it is the industry consensus that new energy vehicles will accelerate their development in the future and the market share will increase rapidly.

In this context, since this year, new energy vehicle concept stocks have enjoyed a high valuation premium. The market value of BYD, a Chinese auto company, set a new record on the last trading day in September. New auto makers such as Weilai, ideal auto and Xiaopeng auto, which were founded less than 10 years ago, vied to be listed in US stocks. The U.S. stock price has quadrupled this year, with the latest market value of more than 200 billion yuan at one time, ranking third among Chinese listed auto companies, after BYD and SAIC.

New energy vehicle organizations focus on top 50

The booming sales of new energy vehicles benefit from the relevant industry chain companies. From the perspective of the industrial chain, the downstream industries of new energy vehicles are mainly the production and sales of complete vehicles and charging piles. The midstream industries are dominated by power batteries, motors, electronic control and other parts, while the upstream industries are mainly raw material supply companies, mainly producing lithium, cobalt, nickel, graphite, rare earth and other materials.

As the core component of electric vehicles, the power battery can be divided into lithium battery and fuel cell. The lithium battery industry chain can also be divided into electrolyte, anode and cathode materials, diaphragm, structural parts, battery assembly and other subdivision fields. Lithium batteries are mainly divided into ternary lithium power batteries and lithium iron phosphate batteries. With the growth of sales of new energy vehicles, the sales of lithium batteries have gradually increased. According to the data of GGII, the installed capacity of ternary power batteries in August was 3.46gwh, a year-on-year increase of 26%. Driven by Wuling Hongguang and BYD, the installed capacity of lithium iron phosphate in August was 1.55gwh, up 100% year-on-year.

No less than 7 A-share companies on the list were rated by institutions. Tianci materials, BYD, top group, Great Wall Motors and Xinquan Co. were among the top companies in the year. Hanrui Co., Ltd., GAC group, SAIC Group, Jiayuan Technology Co., Ltd. and Huayou Co. were among the top companies with the highest share price increase in the year.

From the perspective of industrial chain segmentation, the leading stocks of upstream industries include Yiwei lithium energy, Tiancai materials, new Zebang, dangsheng technology and Putai, etc.; the leading stocks of midstream industry include Kodali, Ningde times, BYD, Huichuan technology and pilot intelligence, etc.; and the leading stocks of downstream industries are tricot, Yutong Bus and BYD.

In terms of performance, Tianci materials, pret, Changying precision and BYD announced the performance forecast for the third quarter, and the growth limits of net profit attributable to the parent company in the third quarter were 455.43%, 225%, 106.78% and 77.86%, respectively.