Policy support clear new energy vehicles ready to go

The Ministry of Science and Technology has recently issued the National "Twelfth Five-Year Plan for Scientific and Technological Development." To promote China's ability to independently innovate in the field of new energy vehicles, major breakthroughs have been made in core key technologies in key areas. The plan clarifies new energy vehicles. Future development goals, key technology directions, etc.

We believe that the introduction of this plan will be conducive to the rapid and healthy development of the new energy automotive industry. Leading companies such as BYD and Shanshan are expected to give priority to earnings from this. The new energy automotive industry is expected to become the leader of strategic emerging industries. We are optimistic about the industry's development prospects and continue to recommend listed companies with core competitive advantages, strong development potential, and low current valuations, such as Shanshan, BYD, etc. Buddha Plastics Technology, Foshan Lighting, Jiangsu Guotai, CITIC Guoan, China Baoan, Yiwei Lithium, Jiangte Motor, Ocean Motor, Aotexun etc.

The National Twelfth Five-Year Plan of Science and Technology proposes that in the new energy automotive industry, the “purity-driven” technology transformation strategy shall be fully implemented. Implementation of new energy automotive technology industrialization projects. Adhere to the "three vertical and three horizontal" R & D layout, the establishment of "three vertical and three links" strategic alliance for industrial technology innovation. Fully master the core technology, speed up the industrialization and scale demonstration of the technical achievements of the vehicle system, form a complete vehicle and parts industrial system, build a new energy automobile infrastructure, industrial standard system and inspection and inspection system, and make our country among the advanced new energy automobile industry National ranks. New energy automotive industry technology: Focus on key component technologies (battery-motor-electric control), vehicle integration technology (hybrid-electric drive-next generation pure electric drive) and common platform technology (technical standard regulations-basic Facility-testing evaluation technology research and research. We will continue to implement the "Ten Thousand Cities" project and form a group of internationally-known key components and auto companies with independent intellectual property rights. By 2015, it will break through 23 key technical directions, carry out large-scale demonstration and promotion in more than 30 cities, conduct pilot application of new commercialization models in more than 5 cities, and maintain 1 million electric vehicles, and the output value is expected to exceed 100 billion yuan.

We have noticed that the national “Energy-saving and new-energy automotive industry development plan” is expected to be formally announced recently. From the previously revealed “planning” detailed rules, the central government will invest 100 billion yuan to support the research and development of energy-saving and new energy vehicle core technologies. With regard to promotion, from the aspects of development planning, consumption subsidies, taxation policies, scientific research investment, government procurement, and standard setting, we have established a set of policy systems that support the accelerated development of new energy vehicles.

New energy vehicles have broad prospects for development. New energy vehicles will promote the transformation of China's transportation energy. Through the diversification of energy sources, electrification of electrification, and cleanliness of emissions, it will promote the rapid development of China's new energy vehicles and realize the leap from a large automobile production country to a powerful automobile technology nation. New energy ** has provided us with new ideas and new approaches. Hybrid electric vehicles have epoch-making significance in reducing oil dependence and emissions and should be the main direction of attack. According to a conservative estimate, by 2030, China's electric vehicle population will account for 20% to 30%, and our oil imports may be reduced by 20%. For China, where auto consumption is growing, electric cars are a historic opportunity. The state should proceed from the perspective of energy security, adopt a forward-looking perspective, and adopt a strategic vision to evaluate the situation of new energy vehicles and re-examine and deploy the situation of Chinese automobiles. The new components and equipment related to electric vehicles include: four main functional components of high-performance energy storage batteries and super capacitors, high-efficiency motors, drive control systems, and power management systems, as well as charging equipment for charging electric vehicles. The key components of electric vehicles are power batteries and electric motors.

According to the theoretical analysis of relevant experts, if an annual output of 10 million cars accounted for 10% of the electric cars in the next 3-5 years, the product share would be 1 million electric cars, so the industrial chain derived from the power battery industry would only be : The annual output value of 200,000 yuan for electric vehicles is calculated at a price of 200,000 yuan per vehicle. One million sets of power batteries, annual output value of about 80 billion yuan. Need about 80,000 tons of cathode materials, annual output value of 12 billion yuan. Anode material 34700 tons, annual output value of 5.2 billion yuan. Need about 15 billion yuan diaphragm material, electrolyte about 6 billion yuan, need parts and components about 12 billion yuan, charger management system needs about 15 billion yuan, other materials costs about 5 billion. Total generated: 335 billion yuan / year or more, showing that this industry has a very large "enticement."