On November 2, the "New Energy Automobile Industry Development Plan (2021-2035)" was released. The plan proposes that by 2025, the average power consumption of new pure electric passenger vehicles will drop to 12.0 kWh/100 kilometers, and the sales of new energy vehicles will reach about 20% of the total sales of new vehicles. As well as the realization of highly autonomous vehicles for commercial applications in limited areas and specific scenarios, the convenience of charging and replacing services has been significantly improved.

The stock price of new car manufacturers soars

    And this 15-year blueprint for a "automobile power" will undoubtedly be a positive for the new energy automobile industry. At the same time, the three new energy vehicle manufacturers Weilai, Xiaopeng, and Ideal successively released October vehicle delivery data yesterday. Due to strong sales growth, the three auto companies' US stocks surged overnight.

    Among them, the ideal car once soared 15%, and closed up 13.44%. As of the close of the U.S. stock market, Weilai Automobile had risen 8.96%, with a market value of 42 billion U.S. dollars. It even surpassed SAIC Motor in the session. Xiaopeng Motors rose 6.91%.

    As we all know, after experiencing the low sales volume at the beginning of the year and the financial chain crisis of some auto companies, the new energy automobile industry has recently ushered in a round of rapid recovery, and has become the "sweet and pastry" of the capital market. Related leading companies also have outstanding performance.

    Among them, BYD, one of the domestic new energy car companies, had a net profit of 1.751 billion yuan in the third quarter, a year-on-year increase of 1362.66%. After the announcement of the plan yesterday, BYD’s A-shares closed up 5.11%, with a market value of 458.3 billion yuan. At present, BYD's total market value has exceeded the sum of the two giants SAIC and GAC.

The new energy industry performed well

    It is worth noting that the popularity of the new energy market is bound to drive the development of the new energy automobile industry chain.

    Among the supply chain companies, Ningde Times, a leading domestic power battery company, achieved a net profit of 1.42 billion yuan in the third quarter, achieving positive growth in net profit in a single quarter for the first time this year. In addition, CATL’s share price on the 2nd also hit a record high, with a market value exceeding the 600 billion mark. This is also the first time a company with a market value of over 600 billion yuan has appeared on the ChiNext.

    In addition, according to the Q3 financial report of related A-share listed companies in 2020, 24 of the 51 listed companies in the new energy industry chain have achieved profits; compared with the first half of the performance, 38 of them have improved their net profit in the third quarter. From the perspective of the industry, the improvement in the performance of enterprises related to the new energy vehicle industry chain is closely related to the increase in demand for new energy vehicles and the support of national policies.

    In recent years, my country's automobile production and sales have entered a negative growth cycle for the first time. At the same time, due to the impact of multiple factors such as the epidemic, my country's new energy vehicle sales have also fallen into negative growth in the first half of this year.

    Since entering the third quarter, China's electric vehicle market has gradually returned to its normal state of development, and the market structure has been adjusted more clearly. In the subsidy era, the main business vehicle market for the popularization of electric vehicles such as rental and online appointments has encountered greater challenges this year, while the private consumer market has bucked the trend.

    In the private consumer market, both the high and low ends of the new energy passenger vehicle market are both exerting their strength and performing well. On the one hand, Wuling Hongguang MINI EV, which has a starting price of less than 30,000 yuan, is speeding up to seize the low-end market; on the other hand, Tesla, Weilai, Ideal and others have performed well in the high-end new energy vehicle market. Data show that NIO delivered 5,055 cars in October. For NIO, which was on the verge of bankruptcy at the beginning of the year, the stock price has risen by 728.86% this year. Ideal cars delivered 3,692 units; Xiaopeng Motors delivered 3,040 units, a year-on-year increase of 229%.

    According to industry insiders who have been studying the new energy vehicle market for a long time, supporting facilities for new energy vehicles will also become the market growth point in the future. “Thanks to the national top-level design and the government’s support for new energy vehicle consumption, the future new energy vehicle market scale Stable and rising. The new energy vehicle market is expected to usher in overall growth in the fourth quarter."

    In addition, some insiders pointed out that there are still shortcomings in the automotive industry’s component system support and key technologies. In the future, as the “new four modernizations” of the automotive industry advances in depth, the new energy automotive industry Chain will usher in greater development opportunities and challenges.