New Energy Vehicle Renews Interest in Lithium Battery Concepts

At this year's National People's Congress, management repeatedly stressed that it is necessary to “strengthen and vigorously develop” new energy vehicles. Some analysts believe that this position may mean that in the past many outstanding issues, there have been more clear answers, new energy vehicles may usher in new opportunities for development.

"Plan" clearly defined the direction of development of the "12th Five-Year Plan for Electric Vehicle Technology Development" (Abstract) clearly stated that from the perspective of fostering strategic emerging industries, the development of "electrically driven" electric vehicles with a relatively high degree of electrification Automobiles are the development direction and top priority of China's new energy automotive technology. Among them, a series of technologies such as battery motor electrical control have yet to be focused on development.

It is reported that as early as in 2009, the State Council proposed in the “Restructuring and Revitalization Plan for the Automotive Industry” that in the three years, a new type of auto production capacity of 500,000 pure electric hybrid electric vehicles and ordinary hybrid vehicles will be formed, and sales of new energy vehicles will account for passenger cars. About 5% of total sales. However, the actual situation is not the case. According to relevant information, in 2011, the production and sales volume of energy-saving and new-energy vehicles of auto vehicle companies were only 8,368 vehicles and 8,159 vehicles, respectively, far below the expected number.

“Although the country has always supported the new energy automobile industry as a strategic new industry, the promotion of new energy vehicles is actually unsatisfactory due to many factors, such as cost. In addition, the directional issue of the development of the new energy automotive industry is inconclusive. To a certain extent, the pace of development of the new energy automotive industry has been slowed down, but from the present perspective, management’s determination to develop new energy vehicles has not been changed, and the newly issued plans have also clarified the development direction of China’s new energy automotive technologies. The future development of the industry can be expected.” Peng Wei, an analyst who has been concerned about the new energy automotive industry, said.

Lithium battery concept to wait for stocks to be obvious, "pure electric drive" will become the development direction of China's new energy automotive technology, this will certainly be conducive to the development of lithium battery industry, with the increase in the integration of lead-acid battery industry, lithium The process of battery replacement of lead-acid batteries will accelerate and related stocks will usher in certain investment opportunities.

“In the entire industry chain, lithium batteries have always been the most important and most promising part of the development plan for new energy vehicles; and in the capital market, the performance of the lithium battery sector far exceeds that of other industrial chain segments. Therefore, with the new The direction of development of the energy automotive industry is determined, and market funds are expected to focus again on the lithium battery segment. The market outlook can be given appropriate attention, said Everbright Securities analysts.

In addition, the “Entry of Lead-acid Battery Industry (Consultation Draft)” jointly drafted by the Ministry of Industry and the Ministry of Industry and the Ministry of Environmental Protection was also officially released in the previous period, and it is expected to release relevant plans in the first half of this year. With the consolidation of the lead-acid battery industry, the process of replacing lithium-ion batteries with lead-acid batteries will accelerate. Gao Li, a power equipment analyst at Huachuang Securities, said that the draft opinion is the most severe in history. The future lead recovery cost of the lead-acid industry will increase, and the overall cost will increase. Small and medium-sized lead-acid battery production and recycling companies face reshuffle, but due to the high concentration of lead-acid battery industry, the industry consolidation has limited benefits for large enterprises.

Founder Securities said lithium batteries will accelerate the replacement of lead-acid batteries in some areas, especially in areas such as electric bicycles and communication base stations. Lithium batteries can be of interest to lithium-manganese resource-based companies and related material companies. Individual stocks can focus on: Tibet City Investment Jinrui Technology Shanshan Co., Ltd. is the company's stock of CITIC Guoan.