The reason why the US elections affect the clean energy sector in the US is closely related to the energy policy that Biden promised to pursue if he enters the White House.

"While swinging the state'turning over the blue', I will get rid of the deal, and now it is almost 10% profitable!"

    On November 6, Beijing time, U.S. stock investor Li Jie told Time Finance that the clean energy sector in the U.S. market, which he has a strong position in the U.S. election, has been ups and downs during the election period. The sector was once'in the water', but then Biden gradually reversed and all rose back."

    According to Times Finance, as of the close of trading on November 5, U.S. Eastern Time, the US stocks of photovoltaic concept stocks collectively closed up. Among them, JinkoSolar (JKS.NYSE), Canadian Solar (CSIQ.NADSQ), First Solar (FSLT. NASDAQ) and other leading stocks in the sector rose by 28.44%, 11.96% and 8.92% respectively. A day ago, when Biden's election was at a disadvantage, the stock prices of the above-mentioned bids all fell to varying degrees, with a maximum drop of more than 10%.

    The reason why the US elections affect the clean energy sector in the US is closely related to the energy policy that Biden promised to pursue if he enters the White House.

    "(After taking office) stop subsidies to fossil energy and provide 400 billion U.S. dollars for clean energy technology research and development. By 2035, achieve carbon-free power generation and achieve a 100% clean energy economy by 2050." Eastern Time, July On the 14th, Biden said in a speech during an election campaign.

    With Biden regaining the upper hand in the general election, its ambitious new energy policy blueprint is expected to be implemented. In addition to the 180-degree reversal of the photovoltaic concept sector mentioned above, the current hot new energy vehicle sector is a collective carnival.

    On November 5th, Eastern Time, the three major new energy U.S. stocks of NIO (NIO.NYSE), Xiaopeng Motors (XPEV.NYSE), and Ideal Motors (LI.NASDAQ) continued to maintain strong daily gains, with one-day gains Both exceeded 10%, of which Xiaopeng Motors rose even more to 30.89%. And representative American auto companies such as Tesla (TSLA.NASDQ), General Motors (GM.NYSE), Nikola (NKLA.NASDAQ), etc. are also outstanding in the capital market.

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Biden advocates radical electric vehicle popularization plan

    Recently, our "New Energy Automobile Industry Development Plan (2021-2035)" pointed out that by 2025, domestic new energy vehicle sales will reach 20% of total vehicle sales.

    In contrast, Biden's plan for the popularization of electric vehicles in the United States revealed before the election is more radical than China, which is currently the world's largest electric vehicle market. It is reported that it plans to reach at least 25% of the US electric vehicle market by 2026, and the annual sales of electric vehicles will reach 4 million.

    In addition to sales targets, Biden also plans to formulate new stricter fuel emission standards after taking office, restore full electric vehicle tax credits, and deploy more than 500,000 new public charging outlets by 2030.

    Such a radical plan to popularize electric vehicles cannot be imagined in the United States under Trump. As a staunch supporter of the fossil fuel industry, according to a report from Bloomberg on November 2 Eastern time, the Trump administration’s electric vehicle sales target from 2022 to 2026 is only 5% of the total US car sales during the same period.

    At the same time, when the federal electric vehicle tax credits for General Motors and Tesla expired in March this year, it was the Trump administration that blocked the two car companies' applications for extension.

    "If Biden wins, coupled with the Democratic control of the Senate, it will have the opportunity to change the established development trajectory of electric vehicles over the years, while reversing some of the losses caused by the Trump administration." Bloomberg's branch is led by Aleksandra O'Donovan The analyst team said in a public speech.

Be more rational under fanaticism

    If Biden is finally elected, it will undoubtedly be a huge benefit to the US electric vehicle market, and it will also become one of the driving forces for a series of new energy vehicle concepts including China's concept stocks.

    According to Times Finance, the US stocks of new energy vehicle concepts represented by Tesla, General Motors, Nikola, NIO, Xiaopeng Motors, and Ideal Motors have performed outstandingly since the election. In particular, the three Chinese concept stocks that were also stimulated by the New Deal in the domestic new energy sector, their share prices have repeatedly hit record highs, and the company's market value has also ranked among the top positions of global auto companies.

Xiaopeng Auto P7 Image Source: Official Plan

    But in the crazy market, the calmness and rationality of investors are more important. In fact, although the trend of globalization is irreversible, the US electric vehicle market welcomes major benefits and has its limitations.

    "Although domestically produced Tesla models can be exported, the United States, where there are already many super factories, is unlikely to be a destination. Perhaps the batteries and other components used in electric vehicles produced by European car companies will be bought in the U.S. market. Given Tesla’s position in the U.S. market, the volume of other brands of electric vehicles will not be too large.” On November 6, a senior domestic electric vehicle industry person pointed out to Times Finance that even an industry giant like the CATL, It also failed to open the US market.

    In addition, according to a recent report by the domestic media Yiou Automobile, Weilai Automobile, which once set the US market as its first stop to the sea, has planned to move to the European market. Xiaopeng Motors and Ideal Motors, which are also listed in the United States, have never mentioned any plans to export to the United States.

    It can be seen that although the new energy concept stocks in the capital market are carnival regardless of region, they also need specific analysis of specific issues.

    "These companies are easy to attract market capital to enter, and they are basically optimistic about future expectations, so the market is willing to give them a high valuation; however, when too much capital enters and the valuation rises seriously, it is expected that these new energy vehicle unicorns There will be a correction in the price of, and the valuation will not keep going up.” On November 4, Wang Yitang, a researcher at the Overseas Research Department of Chuancai Securities, said in an interview with Times Finance.

    Similar to Wang Yitang’s view, Huaxi Securities strategist Van Kelin pointed out on the same day that new energy is an industry that can see five-year growth, so the valuation will be relatively high, but the valuation system of new car companies is different from that of traditional car companies. , More benchmarking with Apple and other technology stocks, the actual speculation is expected, and the market needs to be built on the premise that growth can be sustained and significant.