Key points of investment
TeslaBehind the rise in market capitalization: The century-old transformation of the automobile industry, the Xingzheng Strategy Team made a bold prediction in the report “Strategist Seeks Tenbagger for the New Energy Vehicle Chain” released on January 6 this year: In the next ten years, the NEV industry chain will become the second.”applesThe “industrial chain” will also generate a new batch of “Tenbaggers” in the midst of domestic and foreign investment resonance. However, on June 10, Tesla's stock price rose to 1025.05 US dollars, and the total market value reached 190.122 billion US dollars, more thanToyotaBecoming the car company with the highest market capitalization in the world is also an important milestone in the history of NEV development. However, Tesla's growth experience can be seen as a new wave of change in the automobile industry, that is, the collision between traditional car companies and new technological forces. From listing in June 2010 to peaking in market capitalization in June 2020, Tesla has gone through exactly 10 years, confirming the ten-year pattern of industrial transformation in the US in 100 years.
Resonance at home and abroad brings trending opportunities for new energy vehicles
——Domestic: After several years of industry restructuring represented by subsidy policies, the NEV industry chain has accumulated a number of high-quality “core assets”. After 2014, the production of new energy vehicles in China grew rapidly, and the supply was sufficient, but the chaos in the industry spurred by subsidies needed to be rectified urgently. The existing subsidy policy is gradually increasing its decline and favoring models with higher technical standards.
——Overseas: The EU has introduced the strictest carbon emission regulations, and the expansion of the European NEV market has become a major trend. Tax incentives, infrastructure construction policies, economic efficiency, and the driving effects of leading countries are all strengthening the trend of expanding the European NEV market. The European NEV market performance in Q1 2020 also confirmed this trend. Total sales volume in Q1 2020 reached 228,200 units, an increase of 81.7% over the previous year.
Tesla Chain,Ningde eraRelated targets in the chain, the LG chemical chain, and the public MEB chain are worth paying attention to - Tesla's domestic production chain: Under tax cuts and fees, resumption of work and production, and policy support, local suppliers will have a better chance of benefiting from Tesla's entry into China and can better digest Tesla orders. You can pay attention toTuopu Group,Sanhua Intelligent Control,Hongfa Co., Ltdetc.
——Ningde Era Chain: Ningde Era has cooperated with Tesla to supply lithium-ion batteries to Tesla.
The industrial chain in the Ningde era will also benefit from Tesla's excellent performance beyond expectations after localization.
——Volkswagen MEB chain: The release of new energy vehicles in Europe is imminent, and Volkswagen is focusing on Europe for new models, especially the Volkswagen MEB model. Supporting component manufacturers will benefit from the release.
——LG Chemical Chain: LG Chemical BatteryLeading technologyProduction capacity is comparable to that of the Ningde era. Downstream customers include mainstream overseas car companies, benefiting from new energy emissions in Europe. Shipments are expected to increase dramatically. You can focus on the material leaders entering LG's chemical supply chain system.Puterai, Enjie Co., Ltd.,Dangsheng Technology.
Risk warning: Tesla's sales volume falls short of expectations, and the NEV policy falls short of expectations