Auto & Transportation

Recently, China Automotive Technology Research Center, Social Science Literature Publishing House, etc. jointly released the "New Energy Vehicle Blue Book: China's New Energy Vehicle Industry Development Report (2021)" (hereinafter referred to as "Blue Book").

The "Blue Book" points out that at present, new energy vehicles have become the best carrier for the transformation and upgrading of the automotive industry, promoting the transformation of the automotive industry value chain from product-centric to a full value chain including products, data, services, etc. The boundaries of the automotive industry are increasing. Blurred, the key components have changed from traditional automobile engines, gearboxes, etc. to batteries, motors, and electronic controls. 2021 will be a year of vigor for the new energy automobile industry.

Yan Jinghui, a member of the Expert Committee of the China Automobile Dealers Association, said in an interview with a reporter from the Securities Daily that from the actual sales situation, the number of new energy vehicles sold throughout the country in the first half of this year has reached the number of sales for the entire year of 2020. The new energy vehicle market is highly active, and market segments have also gained greater mutual promotion, such as the development of intelligence, the improvement of information and communication methods, and the simultaneous deployment of charging and swapping power stations.

At the same time, it is clearly stated in the "Blue Book" that with the development of intelligent network technology and the transformation of electrical and electronic architecture, automobiles have also become high-tech electronic products, data collection terminals, and important computing nodes, chips, operating systems, and intelligent computing platforms. , V2X communications, intelligent driving systems, etc. will gradually become mainstream incremental components. New energy vehicles are transforming from simple vehicles to mobile smart terminals, energy storage units and digital spaces, promoting new energy vehicles and energy, transportation, and information communications. Comprehensive and in-depth integration has become a key element supporting the construction of clean energy, smart transportation, and smart cities.

In this regard, Zhang Xiang, a member of the "Changfeng" plan for new industrialization capacity building-a new energy and intelligent networked automobile industry expert think tank, told reporters that it is expected that the sales of new energy vehicles will reach 2.4 million this year, a growth rate of more than 200%.

According to Zhang Xiang, the rapid development of new energy vehicles will also drive related upstream industries, such as power batteries and drive motors. Its autonomous driving functions will also drive related chips, autonomous driving software algorithms, sensors, and 5G communication modules. With the integration and development of many industries, such as high-precision maps and positioning, many related companies in the industry chain will usher in huge development opportunities.

According to the "Securities Daily" reporter, as my country's new energy automobile industry ushered in a boom in production and sales this year, the profitability of upstream and downstream enterprises in the industrial chain has also been greatly improved.

According to data from Oriental Fortune Choice Financial Terminal, as of the press deadline on July 29, 193 of the 445 listed companies in the A-share new energy vehicle concept sector have released the 2021 semi-annual report. According to the type of performance forecast, among the 193 listed companies mentioned above, the number of listed companies that are expected to increase year-on-year earnings during the reporting period is 148, accounting for 76.68%; 42 companies have a year-on-year decrease, accounting for approximately 21.76%; 3 companies uncertain.

In this regard, Qi Haishen, President of Beijing Teyi Sunshine New Energy, analyzed that the current "balance" of the auto market has begun to accelerate to the field of new energy vehicles, and various new forces and cross-border vehicle manufacturing are becoming a new trend, and sales are also Advance by leaps and bounds. "The new energy electric vehicle industry has also shifted from the previous policy of'subsidy-driven' sales to a market-oriented development path of'product-driven'. This is the result of the dual effects of policy and market forces, which directly drives new energy electric vehicles. With the rapid development of the industry, the demand has soared and even the demand is somewhat in short supply. Many traditional cars, including auto parts companies, are also actively transforming to join the new energy vehicle track, which is also embracing new trends and adapting to the development needs of the new era." Qi Haishen Furthermore, the rapid development of China's new energy automobile industry is also affecting the "reconstruction" of the global automobile industry chain. This can also be said to be another window period for the rapid development of China's economy. The new energy automobile industry is likely to become the country's economy. The pillar industry is an opportunity for China's automobile industry to overtake on a curve.

Regarding the sub-industries that are worth paying attention to in the new energy vehicle industry chain in the future, Qi Haishen believes that the four new supporting systems of “lithium batteries, electronic control systems, new motors, and thermal management systems”, as well as other parts of new energy vehicles Electrification will derive more subdivided industries and business models, allowing the automotive industry to have the opportunity to achieve a further leap through intelligence and the Internet of Things (Internet of Vehicles).