BYD's NEV sales reached a new high, and NEV ETFs rose more than 5%

Gelonghui Finance · Nov 4, 2022 14:05

New energy vehicles surged in Hong Kong stocks, Xiaopeng Motors rose 28%, NIO rose 20%, Ideal Auto and Geelycars, Great Wall Motor, and Leading Auto rose more than 10%.

The A-share BYD rose more than 4%.New energy leading ETF,New energy 50 ETF,New energy vehicle ETFs and the like rose more than 5%.

According to the news, on the evening of November 3, BYD released its October production and sales report, showing that sales of new energy vehicles were 217,800 units in October, an increase of 16,557 units over September.Reached another record high.

According to estimates released by CPC, Tesla China sold 71,704 vehicles in October, an increase of 31.83% over the previous year and a decrease of 13.75% from the previous month.

In the Chinese NEV market in October, BYD's sales volume was already three times that of Tesla China, and the domestic NEV market showed a trend of strength among the strong.

In October, NIO delivered 1,059 new vehicles, up 174.3% year on year and down 8% month on month. In January-October, 92,000 vehicles were delivered, up 32.0% year on year, and sales in October increased sharply year on year. NIO ET7 began delivery in five European countries in October.

Ideal Auto delivered 1,052 new cars in October, up 31.4% year on year, down 13% month on month, and sales improved year on year in October. The cumulative delivery volume from January to October reached 97,000 vehicles, up 54.1% year on year. Ideal L8 will be officially delivered this month, and the number of L9 orders is still strong.

Xiaopeng Motor delivered 5101 cars in October, down 50% year on year and 40% month on month. Among them, the Xiaopeng P7 delivered 2104 units, the Xiaopeng P5 delivered 1,665 units, and the Xiaopeng G3 series delivered 709 units. The cumulative delivery volume from January to October 2022 reached 104,000 vehicles, an increase of 56% over the previous year. G9 production will rise steadily from November, driving a continuous increase in overall delivery volume.

In October 2022, BYD Yuan Plus was launched in Thailand, Nepal and Mongolia, and also debuted in Laos, India and Colombia. BYD continues to boost overseas markets. In July, August, and September 2022, BYD will sell 4,026, 5092, and 7,736 new energy passenger vehicles, respectively.

Overall, Chinese car companies are actively laying out plans for new energy vehicles to go overseas, entering a stage of rapid development of high-end electric vehicles. China's automobile manufacturing has ushered in a new stage of development. There are three major changes: the explosion of export volume, the development of export countries, and the high-end electrification of exported models:

1. The export volume of new energy vehicles increased dramatically. From January to September 2022, the export volume of new energy vehicles by Chinese automobile companies reached 210,000 vehicles, an increase of 120% over the previous year;

2. Major domestic brands have recently announced their entry into mainstream automobile markets such as Central Germany and Japan in Asia and Europe;

3. Chinese car companies switched their export models from mainly low-end fuel vehicles to try to export mid-range and high-end new energy vehicles.

Since 2020, new energy has greatly outperformed the market and is currently one of the most controversial industries.

Fund managers who are heavily buying new energy-related industries think,The domestic NEV industry chain is responsible for energyThe mission of transformation and economic transformation continues to increase competitiveness on a global scale, although there are short-term rebates on subsidiesThere are concerns about slope and increased competition, but there is still plenty of momentum for technological innovation and brand building. Fund managers in this sector are interested in newThe medium- to long-term development prospects of the energy vehicle industry chain remain optimistic, and I am optimistic that domestic NEV brands are learningOnce the curve has been accumulated, they gradually went overseas to truly realize the historic turning point brought about by overtaking a curve.

Qianhai Open Source UtilitiesCui Chenlong thinks,The entire human society is currently at a major turning point in the energy revolution, lightAs representatives of the production and application side of the energy revolution, volt and lithium batteries,In the face of this major historical opportunity, there is huge room for growth, soWe are firmly optimistic about the core main line surrounding the energy revolution in human societyAn investment opportunity. New energy operators have begun to improve their business models,The certainty of medium- to long-term growth is high. Compared with the manufacturing side, its penetration rateIt's lower, the stability of operation is strong, and there is plenty of room for future development. We will close itFocus on medium- to long-term investment opportunities for new energy operators.

However, some fund managers are warning of risk, saying that the new energy sector is currently hot and overvalued, and that we should be wary of excessive trading and overcrowding in the short term. However, from a long-term perspective, I am very appreciative of the NEV and NEV tracks.

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