[Opportunity mining]Ministry of Commerce emphasizes in-depth development of new energy vehicles to the countryside to promote consumption of new vehicles
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[Opportunity mining]Ministry of Commerce emphasizes in-depth development of new energy vehicles to the countryside to promote new vehicle consumption
2021-09-27 08:03
Source: Securities Times
Author: Wu Xiaohui
Securities Times
Wu Xiaohui
2021-09-27 08:03
Wang Bin, deputy director of the Consumer Promotion Department of the Ministry of Commerce, stated at a press conference on September 26 that automobiles, home appliances, furniture, and catering are the pillars of the consumer market, accounting for about a quarter of the total retail sales. In the next step, it is necessary to accelerate the transformation of automobiles from purchase management to use management, and in-depth development of new energy vehicles to the countryside to promote the consumption of new vehicles. Promote cross-provincial registration of second-hand car transactions in different places, promote the implementation of the policy of canceling the restriction on the removal of second-hand cars, and expand consumption of second-hand cars.
BOC Securities believes that new energy vehicles have the advantages of low cost of use, and it is easier to solve problems such as charging in low-tier cities and rural areas. Together with policy support such as new energy to the countryside, it is expected to promote rapid sales growth. Related car companies and supply chains are expected To benefit, it is recommended to pay attention to BYD, Great Wall Motors, etc.
Shenang Securities recommends focusing on self-owned brand auto companies whose product structure is closer to the consumer demand in rural areas and third- and fourth-tier regions, such as Great Wall Motors, Changan Auto, SAIC, Geely Automobile, etc., and key parts and components companies that provide products for some core models. Such as Huayu Automobile, Fuyao Glass, Wanan Technology, etc., as well as related objects (electric new, non-ferrous coverage) in the upstream and downstream of the industrial chain such as batteries and charging piles.
Disclaimer: The Securities Times strives to be truthful and accurate. The content mentioned in the article is for reference only and does not constitute substantive investment advice. The operation is at your own risk accordingly.
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[Opportunity mining]Ministry of Commerce emphasizes in-depth development of new energy vehicles to the countryside to promote new vehicle consumption
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