Chinese new energy vehicle stocks strengthened before the market, Xiaopeng Automobile rose nearly 2%

On January 11, Gelonghui's new energy vehicle stocks strengthened before the market, with Xiaopeng Automobile up 1.9%, and Weilai and Ideal Automobile up 1.3%. The Association said that most of the sales of new energy models will not be significantly affected by the decline in subsidies. With the doubling of the scale of the new energy industry chain and the improvement of cost reduction capabilities, it is expected that the increase in new energy vehicles at the end of 2022 will be very strong. Originally expected to sell 4.8 million new energy passenger cars in 2022, it should now be adjusted to more than 5.5 million units, and the penetration rate of new energy passenger cars will reach about 25%. New energy vehicles are expected to exceed 6 million, and the penetration rate of new energy vehicles is about 22%.