Editor's Note: Review the new energy industry data and macro policies, and collect the weekly stock price changes, hot company events, global new energy focus topics, and pay attention to the views and investment opportunities of well-known securities companies.
Author: Chambers
1. Ministry of Communications: Will study the promotion and application of new energy vehicles
2, BYD: discontinued fuel vehicles, Q1 new energy vehicle sales accounted for more than 98%
3. "Wei Xiaoli" delivered in March collectively picked up, and Xiaopeng won the championship again!
4, Tesla Q1 delivery volume increased by nearly 70%! A share split is planned
5. Bank of America: Optimistic about BYD's sales growth, the target price increased to HK$350
First, a week's list of new energy companies
Quotes source: Huasheng Securities
As of the end of the nearly week, the stock prices of new energy car manufacturers have shown a trend of rising and falling. Among them, BYD ranked first with a weekly increase of 6.52%, and Weilai, Ideal, and XiaopengGang's U.S. stocks rose more than 2% in the past week; Tesla fell slightly by 0.76% in the past week, and its competitors Luicd and Rivian fell by 13.27% and 21.70% respectively in the past week.
Second, the macro data and industry policies of new energy vehicles
Cai Tuanjie, director of the Department of Transport Services of the Ministry of Transport, said that the Department of Transport Services of the Ministry of Transport is working with relevant departments to study and improve relevant policies such as the promotion and application of new energy vehicles in urban transportation, and the convenience of logistics and distribution in new energy cities.
2. The US financial budget includes the planning of electric vehicle charging stations
U.S. President Joe Biden's administration has unveiled a $5.8 trillion fiscal year 2023 budget plan. Among them, $1.4 billion will be allocated to build electric vehicle charging stations to support Biden's goal of achieving zero emissions in half of the cars sold in the United States by 2030.
3. The new stricter vehicle emission regulations in the United States have been supported by major car companies for $01211.HK
Major U.S. and foreign automakers have expressed support for new, stricter vehicle emissions regulations proposed by the U.S. Environmental Protection Agency (EPA). The new rules, which will take effect in September, require a 28.3 percent reduction in vehicle emissions by 2026, aimed at accelerating the U.S. transition to electric vehicles.
4, Anhui: by 2025, the output of new energy vehicles will account for more than 40%
The "Anhui Province"14th Five-Year Plan for High-quality Development of the Automobile Industry proposes that by 2025, the automobile production scale of enterprises in the province will exceed 3 million, and the output of new energy vehicles will account for more than 40%.
Third, the dynamics of key companies of new energy vehicles
1, BYD $01211.HK: discontinued fuel vehicles, Q1 new energy vehicle sales accounted for more than 98%
BYD announced on the Hong Kong Stock Exchange the day before yesterday that according to the company's strategic development needs, the company will stop the production of fuel vehicles from March 2022. In the future, in the automotive segment, the company will focus on pure electric and plug-in hybrid vehicles. In the first quarter of this year, BYD's sales of new energy vehicles accounted for 98% of total sales.
Related Reading: Heavy! BYD has discontinued its fuel vehicles! The era of new energy vehicles has completely come?
2, Tesla $TSLA in the first quarter delivery volume, production increased by nearly 70%!
Tesla released the first quarter of electric vehicle production and delivery data, production and delivery year-on-year growth of nearly 70%. Specifically, in the first quarter of this year, Tesla sold a total of 295324 Model 3 and Model Y electric vehicles, while delivering 14,724 Model S luxury electric vehicles and Model X advanced SUV electric vehicles. The increase in Tesla's production and delivery data has largely benefited from the Shanghai Gigafactory.
"Wei Xiaoli" march delivery volume rebounded collectively, Xiaopeng Motors $09868.HK march deliveries reached 15414 units, back to the delivery volume champion throne; Ideal Car $02015.HK March delivered a total of 11034 units, the second car L9 will be released this month; Weilai $09866.HK a total of 9985 vehicles in March, ET7 delivered 163 units.
Source: Huasheng Information
Related reading: Xiaopeng won the championship again! In March, the delivery volume was significantly ahead of "Wei Li", and the ideal second car hit hard
4. The reason for evergrande automobile's suspension from April 1 is to be announced
Evergrande Auto $00708.HK announced that trading in the shares will be suspended from 9:00 a.m. on April 1, 2022, and all structured products related to the company will be suspended at the same time.
5. GM and Honda jointly develop economical electric vehicles
On April 5, General Motors $GM and Honda Motor $HMC announced that they will deepen their cooperation to jointly develop a series of affordable electric vehicles based on a new architecture using next-generation Ultium battery technology, and are expected to produce millions of electric vehicles worldwide, including compact crossovers, starting in 2027.
6. Rivian delivered 1,227 vehicles in the first quarter
In the first quarter of this year, the U.S. Rivian $RIVN produced 2,553 vehicles and delivered 1,227 vehicles, but the company is sticking to its goal of 25,000 electric vehicles this year. The company said the reasons for the "disruption and delay" in operations included the escalation of the situation in Russia and Ukraine, the covid-19 pandemic and inflation.
7. BYD's revenue of 216.1 billion yuan in 2021 increased by 38%, and net profit of 3 billion yuan fell by 28%
BYD $01211.HK released its 2021 annual report, in 2021, BYD achieved operating income of 216.142 billion yuan, up 38.02% year-on-year, and achieved a net profit of 3.045 billion yuan, down 28.08% year-on-year.
Related reading: Does increasing revenue increase profit? IS BYD's money just spent in the future?
8. Tesla is seeking to split its shares again, and the proposal has entered the shareholders' meeting
Tesla $TSLA announced its upcoming share split via a brief Tweet and will submit a vote to shareholders at this year's shareholders' meeting to approve the authorization of additional shares for the purpose of the split. The information did not disclose the details of the share split plan, including the proportion and timing of the share split.
Related reading: An average increase of 25% in 1 year after the stock split? These 5 companies may be expected to emulate Tesla and Amazon
9. Faraday Future was investigated by the US SEC
Faraday Future $FFIE plunged after revealing that it was under investigation by the U.S. Securities and Exchange Commission (SEC). Members and employees of the company's management team recently received a subpoena in connection with a formal investigation. The investigation is related to an internal investigation that was previously underway, and the company is fully cooperating.
10. Ideal Car: The L9 model was released on the 16th of this month, and the price is about 450,000 to 500,000 yuan
Ideal Auto $LI announced that it will release the Ideal L9 model on April 16, equipped with the ideal AD Max, the company's flagship self-developed intelligent driving system, priced at around 450,000 to 500,000 yuan. The navigation assistance function will be realized in all scenarios, and the function will be gradually opened in each city.
Fourth, the new energy vehicle agency views and investment ratings
1, Xiaomo: Tesla $TSLA Q1 delivery volume exceeded expectations, raised the target price to $335
JPMorgan analysts raised tesla (TSLA) price targets to $335 from $325, up more than 45 percent from the current price. On Saturday, Tesla reported Q1 deliveries of 310,000 units, slightly higher than previously forecasts of 294,000 units, after which the analyst raised its Q1 earnings per share forecast to $2.10 from $1.94. Tesla is expected to deliver 1,262,798 units in 2022 and believes that the company's supply chain and price visibility have decreased due to rising battery metal costs and escalating Russian-Ukrainian conflicts.
2. Bank of America Securities: BYD shares $01211.HK "buy" rating with a target price of HK$350
Bank of America Securities said BYD shares' total sales in March were 105,000 units, up 157% year-on-year and 15% month-on-month, and sales from the beginning to March reached 21% of the bank's expected sales this year, optimistic about future growth in electric vehicle sales and a better product portfolio to make its profits grow.
The company, which has stopped producing fuel vehicles since March this year and will focus on pure electric and plug-in electric vehicles (PHEV) in the future, also believes that the above moves show that the company's backlog of electric vehicle orders is solid, releasing more electric vehicle production capacity, and indicating the company's successful transformation into a pure electric vehicle company. The company's superior delivery capacity to its peers is due to its competitive costs, electric vehicle models, new capacity and self-supply of some key components.
3. HSBC Research: Began to track the $XPEV of Xiaopeng Motors and gave a buy rating
HSBC Research: Started tracking XPEV, giving it a Buy rating with a price target of $37. HSBC analysts said Xiaopeng Motors built its self-driving software in-house from start to finish, like Tesla (TSLA). US), too, is a feat that other domestic manufacturers have not achieved. The analyst said that Xiaopeng's latest self-driving system is one of the best autonomous driving systems in China, capable of autonomous driving on the highway. Analysts said the company's "robust" product cycle would support "rapid" sales growth.
The above is all the content of this week's new energy weekly report, if you want to understand the latest developments in the new energy vehicle industry and companies, please continue to pay attention to the Huashengtong APP "New Energy Car Manufacturing Forces" and related reports.
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