Investment Research Report
[Hardcore Research Report]5G full-rate service standards are released, and real-time high-speed service scenarios are accelerated! The entry of global technology giants to promote the continued prosperity of the Internet of Things industry, these core hardware leaders have benefited most (list)
The institution strongly recommends 8 shares: the core competitive advantage is obvious, the rapid growth is expected, the performance surges by 30 times, and the bullish space exceeds 30%
[Ace Research Report]Product prices have skyrocketed by 3.5 times, contributing huge profits!This company has a multi-industry chain layout of lithium batteries, fully benefiting from global carbon neutrality
[Hardcore Research Report]The recovery in the manufacturing industry drives up the demand for “industrial master machines”! The ten-year renewal cycle is approaching, and downstream industry upgrades accelerate the upgrading of machine tools. These high-end machine tool kings will benefit in depth (list)
Original title: Wall Street is betting that electric cars will become mainstream, and agencies warn that they must be wary of PPT building cars
Some analysts said that the electric vehicle sector is improving for a long time, but the internal integration of the industry will intensify. As the entry bonus period subsides, the entire industry may face a reshuffle.
After the U.S. stock market on the 26th, American electric car company Tesla released its second-quarter financial report, which exceeded Wall Street analysts’ expectations in terms of profit and revenue. At the same time, the company’s quarterly net income exceeded $1 billion for the first time, and it achieved profitability for the eighth consecutive quarter. In the context of chip shortages, Tesla delivered 201250 electric vehicles in the quarter ended June 30 this year, with an output of more than 206,000 vehicles, which more than doubled year-on-year. It is worth noting that Tesla’s delivery volume in the first half of 2021 has exceeded the total volume of 2019.
On the day Tesla released its earnings report, Lucid Motors, another electric car manufacturer, landed on Nasdaq. This electric car startup has adopted the popular SPAC (Special Purpose Acquisition Company) form of backdoor listing in recent years, that is, through the merger with the SPAC company Churchill Capital Corp IV to achieve the purpose of listing. In the context of unsold cars, this company, which is regarded as Tesla’s rival, has a market valuation of $24 billion, making it the fourth most valuable electric car stock.
In addition, just a few days ago, Faraday Future (FF), founded by Jia Yueting, was also listed on the Nasdaq through SPAC. Like Lucid Motors, this new energy car manufacturer has not delivered cars.
While the SPAC model helps those electric vehicle companies that have not yet achieved profitability or even output to achieve listing and financing, it also does not prohibit the market from thinking about whether the new energy vehicles are facing new waves?
In an exclusive interview with a reporter from CBN, Martyn Briggs, Bank of America’s head of theme investment strategy, said that overall, the electric vehicle market has developed strongly in the past year. Whether it is automakers and battery companies driven by capital, or policies around the world, they all play a role in promoting the development of the electric vehicle industry.
Yang Luming, a senior analyst at Stansberry China, told CBN reporters that the electric vehicle sector is improving for a long time, but the internal integration of the industry will intensify. As the entry bonus period subsides, the entire industry may face a reshuffle.
Bank of America: Major benefits boost the development of the electric vehicle industry
Briggs cited, for example, last week that the European Union proposed to ban the sale of new fuel vehicles from 2035, thereby speeding up the market’s transition to zero-emission electric vehicles. He even believes that, in view of the huge technological advancement of electric vehicles, by 2035, the market may not need a formal ban by the government to fully transform to pure electric vehicles. With the increase in the mileage of electric vehicles, the continuous improvement of charging infrastructure, the decline in battery usage costs, and the changes in consumer behavior, the advantages of driving electric vehicles will be greater than that of fuel vehicles. In the European market last year, sales of new energy vehicles accounted for 11% of the overall local market. This is the first time that its market share has broken through double digits, and there is no slowing down.
For the US electric vehicle market, Martin expects that by 2030, electric vehicle sales will account for about 50% of overall vehicle sales, and other forecasts are in the range of 17% to 25%. For most markets around the world, the complete transformation from traditional cars to electric cars will occur between 2030 and 2040.
Organization: The electric vehicle industry is expected to face a reshuffle,alertPPTBuild a car
Yang Luming said that looking at the global market, the field of electric vehicles will be the general direction of the world in the next 10 to 20 years, and the industry space is very considerable. Among them, the Chinese and European markets will be supported by policies, and the compound annual growth rate in the next few years will reach more than 30%. The US market will also accelerate again with the support of the Biden administration’s infrastructure policy, but the overall development speed is relatively Slower. From 2016 to 2018, the U.S. electric vehicle market grew rapidly, and then due to the decline in policy subsidies, the industry grew slowly, and Tesla was basically the only one. Now, as the Biden government announces a $2 trillion infrastructure plan to promote the development of infrastructure, electric vehicles and clean energy, the electric vehicle industry is also a beneficiary.
Although the challenges faced by the electric vehicle industry cannot be underestimated, many analysts believe that regardless of policy support, capital preferences, or changes in consumer driving habits, the electric vehicle industry continues to move closer. Standing on the cusp, several electric vehicle concept companies have successively gone public through the SPAC method, and then achieved the purpose of financing. However, for the electric vehicle sector, is it true that the higher the risk, the greater the return, for the electric vehicle sector to bypass the traditional investor protection mechanism?
In this regard, Berry Research warned that investors should be wary of those electric car companies listed through SPAC, the latter risk cannot be ignored. On the one hand, the SPAC boom has gradually cooled down. In April of this year, the US Securities Regulatory Commission named SPACs, claiming that there were “some major but undiscovered problems,” which led to a sudden drop of 63 new SPAC applications in the second quarter, compared with 302 applications in the first quarter. On the other hand, there have been cases of defrauding investors of electric car companies listed through SPAC in the market, and they have indeed sounded the alarm for investors.
In June 2020, the American hydrogen energy truck startup Nikola, known as “Tesla in the truck world,” landed on Nasdaq with a valuation of US$12 billion, and its stock price soared by more than 103%. , The market value is more than the traditional car giant Ford Motor. However, Nicholas actually deceived countless investors by falsely claiming to have a large number of patented technologies and falsely publicizing his hydrogen fuel cell. The company was labeled as “PPT for making cars”.
Yang Luming, a senior analyst at Berry Research, said that Nicolas’s so-called hydrogen energy power is actually only conceptual, and has made dozens of false statements in many aspects to deceive investors and partners. However, such a company successfully went public through SPAC in 2020, and its market value was as high as 30 billion US dollars at one time. After being exposed, Nikola’s share price has now fallen by nearly 80%.
Of course, the SPAC platform has many reliable and successful cases, and there are also many promising related companies in the electric vehicle industry. From the perspective of stock market investment, Briggs believes that investors can pay attention to the sub-sectors related to the concept of electric vehicles, such as car companies that have invested heavily in electric vehicle production or have formulated clear strategies, including batteries, chemistry, and others. Companies related to the supply chain.
Looking ahead to future development and challenges, Bank of America stated that in addition to the challenges faced by the industry in terms of lithium-ion battery production and related supply chains, local economic feasibility, and financial strength, battery recycling will also become a focus of attention after ten years.
Berry Research said that the electric vehicle industry will continue to improve in the next 10 to 20 years, and the industry’s leading effect will appear. However, the industry’s reshuffle in the short term will intensify, and integration risks should be vigilant.
Sina statement: This news is reprinted from Sina’s cooperative media. Sina.com publishes this article for the purpose of conveying more information, and does not mean that it agrees with its views or confirms its description. Article content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
Massive information, accurate interpretation, all in Sina Finance APP
Editor in charge: Chen Zhijie
.