New energy investment opportunities in the automotive battery industry
One plan the series of reports emerging industries:
New energy investment opportunities in the automotive battery industry
Industrial policy, fiscal policy support to the industry a tremendous space for development, the whole industry chain are faced with investment opportunities, the battery industry is the core benefit areas.
New energy vehicles for the first time been included in the government work report, a national strategy in China's energy saving strategy was given higher expectations. National Development and Reform Commission, said the end of March, "the new energy vehicle development program" will be introduced. Policy support to the plate with great space for development. Other studies have found that in the new energy automotive industry chain, the battery industry will most benefit.
Emerging industry focus
New energy vehicles as a national strategy for the first time been included in the government work report, will enter a substantive stage of development, a strategic emerging industries in the world spotlight.
Development of new energy vehicles is of great significance, it is a low-carbon economy and the integration of the automotive industry a technological revolution. On the one hand is the inevitable choice for low-carbon economy, the other is China's automobile industry continues to grow the only way. The industry's transformation into practical productive forces, China's economic transformation in the implementation of specific industries, not only to residents of a huge car meet consumer demand, promote economic growth, but also low-carbon economy and emission reduction targets can be achieved at the industry level, but also help enhance our international competitiveness of the automotive industry.
Following the Government's commitment to achieve the 2020 carbon dioxide emissions per unit of GDP in 2005 dropped 40% to 45% target. Automotive emission reduction targets as one of the main, the need for higher emission standards, new energy and automobile industry with the inevitable.
Currently on the market there are two major new energy vehicles. One for hybrid cars, such models have relatively mature, but higher production costs, as long as the relevant government departments to give some financial support, it can be promoted. Another is the hydrogen fuel cell vehicles and electric vehicles, but inadequate urban infrastructure facilities related to the promotion of new energy vehicles need this part of the relevant departmental interaction, in some cities only after a successful pilot implementation.
Beginning in 2009, the state planning industry docking. Published in March last year, "the automobile industry restructuring and revitalization plan" that is planned to 2011 form 50 million new energy automobile production capacity, new energy vehicle sales accounted for 5% of total passenger car sales around. Meanwhile, the National Development and Reform Commission started in May last year, the new energy vehicle battery, capacitor, electric drive motor and accessories industry, intensive research to understand the overall technological level of industry and development status, screening has the core components of the production innovation enterprises, defining policy to support the object.
Last year, Premier Wen Jiabao in Shanghai to study, he put forward to support the development of electric vehicles. , The National Development and Reform Commission automobile team leader Wang Shulin said that the new energy vehicle development plan has been submitted to the State. New energy vehicles in the national leaders of the care and industrial policy support, and gradually into the fast lane.
The key policy support
Foster a new industry in a major R & D, productivity and promote the application into a chain, the state fiscal and financial policies play a key role in supporting and related industries and industry segments and improve the standards are very important.
Premier Wen Jiabao in his government work report, and actively promote the new energy vehicles, "substantial progress" and strive to break new energy vehicles, "key technologies." The number one this year, the CPPCC proposal is to develop low-carbon economy, new energy vehicles as the main object of attention of CPPCC members.
It is reported, the National Development and Reform Commission will announce the end of March, "the new energy vehicle development plan." "Two sessions", the Ministry of Industry and Minister Li said that the new energy automotive R & D investment is relatively large one-time, the price is relatively high, in order to encourage the private purchase, the Ministry of Finance in consultation with the subsidy policy, the maximum amount of subsidy may reach 60,000 yuan . It is predicted that by 2012, domestic Demonstration of new energy vehicles will reach 60,000, the Ministry of Finance will also be special subsidy of up to 20 billion yuan
Countries in the industrial policy to promote the continued implementation of the policy, while this year's number of central enterprises will also start building charging stations, new energy vehicles pilot entered a substantive stage. CITIC Securities, predicted that the new energy vehicle demonstration city expanded from 13 to 20.
The new energy automotive industry during the relevant industry standards and sub-industry standards is essential. Universal Group Chairman Lu Guanqiu proposed the "development of new energy vehicles on the recommendations of the national standard," proposed the establishment of national standards committee of new energy vehicles, well-developed industry standards. Lu Guanqiu key components for the establishment of a unified industry standard system, the development of lithium-ion electric car industry standards, and developed to enhance the standard of the new energy automotive industry standards, to develop common standards with international standards for new energy vehicles. Zeng Qinghong, general manager of Guangzhou Automobile Group made the battery life and charging time constraints of the electric car industry, national standards should be as soon as possible.
Core investment opportunities in the battery industry
New energy automotive industry is facing long-term investment opportunities, the whole industry chain will benefit, the core benefit is part of the battery industry. At the same time, investment value also to the electrical system, vehicle, and fields of upstream resources.
Battery industry is concerned about the hot market, on the new energy vehicles, almost all of the investment and research institutions will focus to this segment of the industry. Car huge amount of battery, an electric car than 4,000 laptop computers, cathode materials for each car average 50 kg, 40 kg anode material, electrolyte 40 kg. 2009 domestic demand of 8,000 tons of electrolyte, only 50% increase in auto demand.
Higher penetration of current lithium batteries, nickel metal hydride batteries are also good prospects for development. Lithium high gross margins, great support of the relevant corporate performance, gross margin was 30 percent positive, negative 20%, 40% of the electrolyte, diaphragm 70%, Lithium hexafluorophosphate 70%.
Lithium battery industry has more quality investment target shares. Shanshangufen (600884.SH) is the lithium battery industry leader, the largest-scale integrated lithium-ion battery materials supplier, which ranked the first lithium battery positive and negative electrodes, electrolyte, the country's second, has formed a "resource + technology + market "chain advantage. Electrolyte are high-tech sectors, Jiangsu Guotai (002091.SZ) is the industry leader in the electrolyte, the first, third in the world, occupying the high-end market. The company's new 300 tons of lithium hexafluorophosphate products pilot project is about to usher in, will further enhance its market advantages of scale. CITIC Guoan (000839.SZ) is the only electronic mass production of lithium secondary battery manufacturers, the largest of its subsidiaries or the lithium battery cathode material of lithium cobalt oxide and lithium manganese oxide manufacturers. Membrane manufacturer Fosugufen (000973.SZ) and BYD cooperation, increase and expansion projects are lithium-ion battery separator.
Ni-MH battery field, Keli far, the torch high and other companies by institutional concerns. Other areas of the core parts of China South Locomotive (601766.SH), universal cash flows (000559.SZ), Ningbo Yunsheng (600366.SH) Wolong Electric (600580.SH) and electronic storage capacitor manufacturers Farah (600 563 . SH) and other companies are also worthy of attention.
Take lithium, platinum, nickel and rare earth resources in the upper reaches of the key advantages of listed companies, including Tibet Mining (000762.SZ), Baotou Steel Rare Earth (600111.SH), your research Platinum (600459.SH), Jean Nickel ( 600432.SH) and so on. The field of vehicle more competitive enterprises, CITIC Securities, the investment securities and other agencies concerned with Foton Motor vehicle companies (600166.SH), Shanghai Automotive (600104.SH), Yutong Bus (600066.SH) and so on.
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