According to the data released by Weilai on December 1, a total of 5291 new cars were delivered in November, exceeding 5000 after October, setting a new record of brand monthly delivery for the fourth consecutive month, and doubling year-on-year for the eighth consecutive month since April this year.
Photo source: Weilai automobile
Xiaopeng auto sales in November also hit a new high in 2020. According to data released by Xiaopeng auto on December 1, the total delivery volume in November reached 4224 units, an increase of 342% year-on-year. In addition, from January to November 2020, a total of 21341 vehicles will be delivered, an increase of 87% year-on-year.
Photo source: Xiaopeng automobile
One delivery of 46.25% in December showed an ideal increase of 46.25% on December. From January to November, ideal one has delivered 26498 vehicles in total.
It is worth mentioning that November 2020 is the first anniversary of the official mass production of ideal one. The output of ideal one in the current month has exceeded the mark of 5000 vehicles. Meanwhile, the number of new orders in November exceeds that of that month.
Photo source: ideal car
In addition to the outstanding data delivery, the three leading enterprises of new automobile manufacturing forces also performed outstanding business performance.
The total revenue of Xiaopeng automobile in the third quarter was 1.990 billion yuan, with a year-on-year increase of 342.5% and a month on month increase of 236.9%.
Ideal automobiles revenue in the third quarter was 2.511 billion yuan, up 28.9% month on month. The net loss in the third quarter was 107 million yuan, which was far lower than the market expectation of 500 million yuan.
Since the beginning of this year, with the help of policy and market and the gradual improvement of their own business performance, the share prices of the three new forces of car making companies have also risen.
According to wind data, as of the end of December 1, the market value of Weilai reached 61.2 billion US dollars (about 401.3 billion yuan), second only to BYD, becoming the second largest auto company in China in terms of market value, and its market value has also overtaken traditional automobile enterprises such as Ford and SAIC group.
In addition, the total market value of Xiaopeng automobile reached 37.7 billion US dollars (about 247.2 billion yuan), and the market value of ideal automobile was 29.2 billion US dollars (about 191.5 billion yuan).
In terms of stock price increase, wind data shows that, as of December 1, local time, Weilai has increased by 10.28 times this year; Xiaopeng auto has increased by 249.07% since its listing on August 27; ideal automobile has increased 203.13% since its listing on July 30.
Image source: wind
However, it is worth noting that, with the beautiful delivery data, China new energy automobile stocks have reversed the trend. As of the end of December 1, Weilai fell 10.23%, Xiaopeng automobile closed down 10.89%, and ideal automobile fell 3.14%. The market value of the three companies evaporated more than 80 billion yuan overnight.
In recent trading days, the stock prices of the three new forces of car making have all declined significantly. Since November 24, shares of Weilai, Xiaopeng and ideal auto have fallen by 18.09%, 27.45% and 20.12% respectively, according to wind data.
Haitong Securities said that in the second half of 2020, new energy vehicles will gradually recover after the epidemic, and enterprises in the global industrial chain will accelerate integration. As the sales volume of new energy vehicles doubled in October, the concept of new energy vehicles was also sought after by the capital. The industry recognized the development trend of new energy vehicles in the future, and gave better valuation to the less listed new force automobile manufacturing enterprises. However, the recent stock price adjustment in the secondary market of the industry, combined with the short report of citron company, has undoubtedly cooled the industry. The development direction of new energy vehicles may be clear, but the development process is twists and turns, the industry pattern will have great changes, and the short and medium-term opportunities and risks are highlighted. In addition, the new energy vehicle sector was hot in the early stage, and most of the listed companies in the relevant industrial chain have accumulated a considerable increase after the previous rapid speculation. The short-term valuation is relatively high, and many funds have the demand for profit taking, and the short-term value regression trend is obvious.
However, Tianfeng Securities believes that the strong beta cycle of the auto sector is expected to continue to 2021, and the growth peak may appear in the first quarter of next year. The superimposed annual report and first quarter report are expected to continue to exceed the expected impact, and are optimistic about the cross year opportunities of the auto sector. In the environment of Pro cycle and pro trend, it is still necessary to grasp the opportunity of main line vehicle and stagflation parts. Guoxin Securities pointed out that it is expected that in 2021, the new automobile manufacturing forces will face the competition of Tesla, Volkswagen MEB and their own brands, and enter a large-scale large-scale period. The whole consumption structure of electric vehicles will shift from Operation Oriented to demand-oriented. It is suggested to pay attention to two opportunities: one is that the new force with high market value will enhance the domestic vehicle valuation center; the other is that the new vehicle manufacturing force with continuous increase in volume will drive the business performance of supporting auto parts plants up. Editor: Ya Wenhui source: China Securities Journal Author: Cui Xiaosu song Weidong responsible editor: Zhong Qiming_ NF5619
Guoxin Securities pointed out that it is expected that in 2021, the new automobile manufacturing forces will face the competition of Tesla, Volkswagen MEB and their own brands, and enter a large-scale large-scale period. The whole consumption structure of electric vehicles will shift from Operation Oriented to demand-oriented. It is suggested to pay attention to two opportunities: one is that the new force with high market value will enhance the domestic vehicle valuation center; the other is that the new vehicle manufacturing force with continuous increase in volume will drive the business performance of supporting auto parts plants up.