By 2030, half of the new cars will be new energy vehicles

Xinneng car semiconductor continued to benefit. The two leading ah shares of BYD and SMIC both rose on August 6. BYD’s a shares reached a new high in the intraday trading, with a total market value of more than 900 billion yuan. As of midday closing, the Shanghai index fell 0.48%, the Shenzhen composite index fell 0.47% and the gem index fell 1.16%. On the disk, lithium batteries, rare earth permanent magnets and non-ferrous metals were among the top gainers. Biological vaccines, virus prevention and control, military industry and other sectors led the decline.


New energy vehicles soared again

On August 5 local time, US President Joe Biden signed an executive order setting the target of 50% of new car sales of electric vehicles by 2030.

Huachuang Securities pointed out that the sales of electric vehicles have increased 25 times in 9 years, CAGR 43%, and the U.S. lithium battery industry chain is about to take off. In 2020, the United States will sell 320000 trams, with a penetration rate of 2%. If the penetration rate is 50% in 2030 and the total price of 16 million remains unchanged, it is expected that the sales of new energy vehicles in the United States will reach 8 million in 2030, 25 times the space in 9 years, and the CAGR will be as high as 43%.

CICC believes that the executive order marks that the United States has placed the new energy vehicle industry at the height of national strategy, accelerated the process of global vehicle electrification, and industrial chain enterprises will benefit from it.

Stimulated by the news, BYD’s H shares once reached a record high of 295 yuan in early trading, and a shares also hit a new record high of 317.3 yuan in early trading. BYD’s total market value once reached 900 billion yuan.

BYD announced last night that it sold 50500 new energy vehicles in July, a year-on-year increase of 234% and a month on month increase of 22%. In addition, some media said that BYD will supply Tesla with “blade battery” in the second quarter of next year. At present, Tesla models equipped with “blade battery” have entered the c-sample test stage.

CITIC Securities pointed out that BYD’s sales of new energy vehicles in July met expectations; From January to July 2021, the company sold 205100 new energy vehicles, a year-on-year increase of 171%, and continued to be in a high boom. All the company’s passenger models switch blade batteries. The sales of the fourth generation plug-in hybrid DM-I models climb month by month. Recently, the company released the pure electric vehicle dolphin and yuan plus based on E platform 3.0 and the standard continuation version of Han EV, consolidating the upward trend of models. The layout breakthrough of the company in the field of intelligence is also worth looking forward to.

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