Sichuan caizhou viewpoint

preliminary statistics of the passenger car federation show that from July 1 to 16, the new energy vehicle market retailed 267000 vehicles, up 7% from last year and down 3% from the same period last month. Since the beginning of this year, a total of 3.354 million vehicles have been retailed, an increase of 34% over the same period last year; passenger car manufacturers nationwide have wholesale 272000 new energy vehicles, a decrease of 7% over the same period last year and an increase of 4% over the same period last month. Since the beginning of this year, a total of 3.816 million vehicles have been wholesale, up 38% year on year. Since the car purchase tax cut in July last year boosted sales, and this year is the normal sales time, the year-on-year decline at the beginning of the month is normal. July is the off-season of the traditional car market, and the high temperature weather will restrict consumers from buying cars in stores to a certain extent. However, local stimulus policies remain strong, and prices are still at their peak, with less consumer wait-and-see sentiment. The strength in the second week of July was still better than expected, reflecting the resilience of consumption and the good pulling effect of market activities. It is recommended to pay attention to the overall investment opportunities in the lithium battery industry, pay attention to the battery head enterprises and the continuous penetration of new technologies in the industry.

market week performance

this week, the power equipment index fell 3.75 percent, the Shanghai Composite Index fell 2.16 percent, and the CSI 300 Index fell 1.98 percent. Among the sub-sectors, the battery index fell 3.36 per cent, the photovoltaic equipment index fell 4.69 per cent and the wind power equipment index fell 2.64 per cent. In terms of individual stocks, the top three weekly gainers in the battery industry were: Yinghe Technology (300457.SZ, 22.13 percent), Paulixin (300116.SZ, 21.97 percent), Zhengye Technology (300410.SZ, 20.81 percent); the top three weekly gainers were: Defang Nano (300769.SZ,-16.21 percent), Tianci Materials (002709.SZ,-11.93 percent),-11.28, -689.

industry trends

On July 19, Yangjiang Jiaotong Zhuoyue zinc ion battery high-tech zone production base project was officially launched. The Zhuoyue zinc ion battery production project is located in Yangjiang Binhai New Area (Yangjiang High-tech Zone), with a total investment of about 3 billion yuan, an annual output of 5GWh and an annual output value of about 6 billion yuan. It strives to build a new type of energy storage battery and system integration research and development, testing and certification and manufacturing integration base. Among them, the first phase of the project to build a production capacity of 1GWh of zinc ion power and energy storage batteries and PACK plant, up to the post-partum expected annual output value of about 1.2 billion yuan. (Polaris battery network)

on the 21st, TechInsights's recently released automotive system demand forecast points out that the global demand for new light-duty vehicle battery electric power systems will increase from 8.2 million in 2022 to 29.1 million in 2027, with a cumulative annual average growth rate of 28.9, and will further increase to 39 million by 2030. In contrast, the demand for non-electric internal combustion engines will decline from 61.5 million in 2022 to 49.9 million in 2027, a compound annual growth rate of -4.1 per cent, and further decline to 44.3 million by 2030. (Caixin News Agency)

On July 20, at the Power Day 2023 held by Weilai Auto today, Qin Lihong, President of Weilai Auto, said, "The development and verification of 150-degree battery packs will take longer than expected, and it is expected that the end of July will have to wait a little longer. However, the operation preparation of the 150-degree battery pack has not stopped. The daily rent service is to welcome its arrival. We hope that when the 150-degree battery pack goes online, the car owners will not have more economic pressure." On the same day, Weilai officially launched a flexible daily rental service for battery upgrades. Standard battery packs are upgraded with long battery packs. The daily rental benchmark price is 50 yuan/day, with a ceiling of 880 yuan for 31 consecutive days.

(Caixin News Agency)

Company Announcement

Rongbai Technology (688005.SH): The company recently received the "Notice of Examination Results of the 6th New Wanjin National Industrial Park Entry Examination Committee in 2023" issued by the South Korean Government's New Wanjin Development Office, agreeing to invest in the construction of a 80000-ton ternary precursor and supporting sulfate production base in South Korea's New Wanjin National Industrial Park.

keliyuan (600478.SH): the total amount of funds to be raised from the issuance of a shares to specific targets shall not exceed 1.607 billion yuan. after deducting the issuance expenses, the funds to be invested in the annual output of 30000 tons of battery-grade lithium carbonate project, 3GWh energy storage system industrialization project, big data intelligent energy storage management system technology development project, new energy storage battery research and development and pilot project, supplementary working capital and repayment of bank loans.

Risk: Supply chain bottlenecks lead to lower-than-expected demand and increased market competition leading to a decline in industry profitability.