The regular meeting of the State Council announced that the new energy automobile industry is very positive! Mentioned these subdivisions丨FireWire interpretation
On the evening of October 9, the new energy automobile industry ushered in another piece of good news.
In order to adapt to the trend of industrial upgrading and the new demands of green consumption, the National Standing Committee adopted the "New Energy Automobile Industry Development Plan" to clearly give full play to the decisive role of the market in resource allocation, strengthen the company's dominant position in technology route selection, and make better use of it The government plays a role in the formulation of standards and regulations and quality and safety supervision.
Guide the orderly development of the new energy automobile industry, promote the establishment of a national unified market, and improve industrial concentration and market competitiveness.
In today’s market, affected by news such as the price cut of the domestic Tesla Model 3 and the sudden increase in sales of new energy vehicles in Europe, the new energy vehicle sector ushered in a surge on the first day after the holiday. As of today’s close, Flush has increased by more than 4 %, among which Rongbai Technology, Kabeyi, and Dangsheng Technology have their daily limit, and Blue Ocean Huateng rose more than 17%.
Which segments of the new energy automobile industry have been mentioned by the National Standing Committee through this favorable policy?
How to invest in the layout?
1. Key technical areas
The National Standing Committee proposed that it is necessary to increase key technological research and encourage the development and innovation of vehicle operating systems and power batteries.
Support the in-depth integration of new energy vehicles with energy, transportation, information and communication industries, promote the integrated and coordinated development of electrification, interconnection, and intelligent technologies, and promote standard docking and data sharing.
Earlier, Tesla held a "Battery Day" event, indicating that it is developing new batteries.
Dongxing Securities believes that the more important significance of Tesla's battery manufacturing lies in the promotion of the industry.
On the one hand, competition from Tesla will accelerate the speed of cost reduction in the power battery industry.
On the surface, Tesla's involvement in battery manufacturing will compete with Ningde Times, LG Chem and other battery suppliers, but at the same time it will accelerate the urgency and speed of cost reduction for power battery companies, which will benefit the development of the industry.
On the other hand, midstream material companies are also expected to benefit.
Tesla enters the battery manufacturing process, and the midstream material factory has more diverse customers, and its position in the industry chain may improve.
The agency believes that intensified short-term competition may promote the entire electric vehicle industry chain to reduce costs faster.
However, power battery companies will also do some integration to the upstream link under the competitive pressure of vehicle manufacturers, which may lead to major changes in the competitive landscape of some materials links.
The agency recommends paying attention to links and targets with strong competitiveness, such as the Ningde era in the power battery link, Enjie and Xingyuan Materials in the diaphragm link, and Putailai and Baterui in the anode material link.
2. Infrastructure such as charging and replacement, hydrogenation
The National Standing Committee proposed to strengthen the construction of infrastructure such as charging and swapping, hydrogen refueling, and speed up the formation of expressways and urban and rural public charging networks based on fast charging.
Provide financial support for the construction of charging piles as public facilities.
Encourage the application of power exchange mode.
In terms of charging piles, Chuancai Securities pointed out that this year’s government work report clearly stated that “building charging piles and promoting new energy vehicles” were included in the new infrastructure. The State Grid is also vigorously promoting the construction of charging piles and establishing an open operation platform. The industry's pain points have been effectively solved, and the charging pile companies are expected to usher in a value revaluation. Related subjects: Terad, Kstar, and Shenghong.
The Huachuang Securities Research Report mentioned that not long ago, 20 units, including the China Automobile Manufacturers Association and the China Automotive Power Battery Industry Innovation Alliance, signed the "Joint Statement on Building a New Energy Vehicle "Vehicle and Electricity Separation" Model Ecosystem". It marks the official establishment of the car-electricity separation ecosystem.
Although there are still many problems to be solved in the battery swap mode at this stage, there are already suitable scenarios and vehicles suitable for the application.
Driven by the policy, the separation mode of car and electricity has entered a growth channel that can be developed and expanded.
Related stocks include:
Shandong Weida: Since 2017, it has provided battery replacement equipment for Weilai Automobile, with rich design experience.
Xinwangda: Recently, it was formally selected as a supplier of Dongfeng Liuqi's parts synchronization development to supply power battery assembly products for its power exchange project.
HKUST Intelligence: The company's power station swap business currently includes leading auto companies in the new energy sector such as Weilai.
The company's charging pile business has developed well, and the new AC charging pile products have realized the R&D, production and sales of on-board charging piles for auto companies such as Weilai, Volkswagen, Geely, and Tianji.
Zhanpeng Technology: The reorganization intends to acquire Bertan Technology. The company's main business scope will expand to the research and development, design and sales services of new energy auto parts and core equipment of the power exchange network. Products include pure electric vehicles for battery exchange Power exchange system assembly, motor, electric control, etc.
In terms of hydrogen refueling, Tianfeng Securities pointed out that the construction of hydrogen refueling stations in my country is in a period of rapid increase, and the goal of building 100 hydrogen refueling stations is expected to be achieved in 2020.
The parts and components required for hydrogen refueling stations are highly localized. After the construction is large-scale, cost reduction can be realized in a short time.
The agency believes that the rapid development of hydrogen refueling stations will benefit the suppliers of hydrogen refueling station components.
Related stocks include: Snowman, Meijin Energy, Weichai Power, Houpe, etc.
3. Public service
The State Council also proposed to increase policy support for the use of new energy vehicles in the public service sector.
Beginning in 2021, the national ecological civilization pilot zone and the key areas for air pollution prevention and control will add or update public transportation, rental, logistics and distribution vehicles, and the proportion of new energy vehicles will not be less than 80%.
Ping An Securities Research reported that the land subsidy for the new energy bus industry will continue, and it is expected that subsidies from the production end will be transferred to the operation end, thereby improving the demand for terminal purchases of buses.
During this period, self-owned brands have first-mover advantages and pay attention to related industrial chains.
In terms of new energy buses, relevant stocks include: Yutong Bus, SAIC Motor, etc.