Running discussion on SP, page-15951

2019-02-28 18:48 Source: China Securities Times Network

Huajin Securities pointed out that in 2018, Tesla achieved a milestone single-quarter profit through mass production of Model3, which proved the feasibility of large-scale commercialization of new energy vehicles. In 2018, with the subsidies falling sharply, the production and sales of new energy vehicles still achieved an increase of about 60%. It shows that the market driving force is gradually greater than the policy subsidy driving force. In the case of the continuous decline in the cost of power batteries and the integration of new energy vehicles, the new energy vehicles will be completely out of subsidies from 2019 to 2020, and rely on cost-effective advantages to achieve self-driven development.

It is estimated that the production and sales volume of new energy vehicles in China is expected to reach 1.7 million to 2 million units in 2019.

The compound growth rate of passenger vehicles in the next three years is expected to reach 37%.
The compound growth rate of ternary lithium batteries in the next three years is expected to reach 57%. The future boom cycle of the new energy vehicles is opening.