The track stock continued to soar after noon, with BYD up 6% as of 2 p.m., Ningde Times up more than 5%, and ETF (515030), a new energy car, up 4.77% with a turnover of more than 500 million yuan.
CITIC believes that the Ministry of Finance and other four ministries recently jointly issued a circular on improving the financial subsidy policy for the promotion and application of new energy vehicles. Among them, the subsidy standard for new energy vehicles has declined by 30% on the basis of 2021, the current technical indicators remain unchanged, and the scale of subsidies has been liberalized from the original upper limit of 2 million vehicles, and the relevant policies are in line with expectations. We continue to maintain the high-profile judgment of the new energy vehicle industry in 2022, and at this point we continue to suggest that we take advantage of the high-quality targets of the global electrified supply chain, especially Tesla, Inc., Ningde era, LG chemical supply chain, and vehicle quality targets.
