The Zhitong Finance App learned that on July 14, SDIC UBS fund manager Shi Cheng shared his views on the new energy sector and the market in the second half of the year during a live broadcast. According to Shi Cheng,Sales of new energy vehicles are expected to continue to strengthen in the next two yearsBecause the price war is slowing down and the competition situation has improved, the advantages of domestic car companies over foreign car companies are expanding. Overall, the market is still in the AI market, but it has not yet entered the commercialization cycle and is still in the early stages of development. Looking ahead to the second half of the year, before many companies' stock prices rebounded, it was more of a volatile process.
Regarding the reasons for being optimistic about auto stocks, Shi Cheng said,Currently, car orders for Chinese terminals have begun to resume, car companies are starting to get better. In this year's environment, automobiles, including spare parts, have benefited quite a bit.
Shi Cheng pointed out that in the first quarter, sales of new energy vehicles were indeed affected somewhat due to the price war for fuel vehicles. Beginning in the second quarter, sales basically returned to a relatively normal, or even relatively prosperous state. Judging from the recovery in the industry, some automobile-oriented car companies will have relatively little cost pressure when they switch to new energy vehicles, so they will benefit from the beginning. Currently, other car companies, including those that make range extenders, are slowly starting up. Until now, some pure electric models have also begun to develop, so the entire industry is already in the midst of a recovery cycle.
Therefore, Shi Cheng believes that future continuity is better, and that sales sustainability next year and 2025 will be relatively strong. Because the current order situation is actually more optimistic than the sales situation, and the purchase tax reduction policy was introduced this year, the NEV purchase tax will not decline in 2024 and 2025, so the policy still provides strong support for sales.
In terms of the photovoltaic sector,Currently, the sector is in the process of declining performance. Also, since photovoltaics has already been globalized, the future should follow the direction of affordability. This is also an opportunity for light storage to be affordable. Shi Cheng also pointed out that in terms of lithium batteries, it mainly follows the logic of domestic recovery plus globalization. The industry experienced a very exaggerated inventory removal process this year, and lithium prices will continue to fluctuate in the future. However, supply will increase from the second half of this year, so prices may be adjusted at some point.
Overall, the performance of computing power and optical modules is quite strong this year, and the relevant sectors are indeed supported by rising fundamentals.The second half of the year was more of a volatile process.Because many companies' stock prices have already bottomed out, it will take some time for them to fluctuate to the bottom before reaching the right side.