2018 New Energy Automobile Industry Summit Forum Held in Shenzhen
"On June 9th, Simplicity Capital and New Fortune jointly organized the ""2018 New Energy Automotive Industry Summit Forum"" in Shenzhen to discuss ""new energy automobile investment opportunities in the post-subsidy era."" The forum gathered economists, industry experts, investment institutions, securities analysts, and representatives of new energy automotive industry chain companies to work together to discuss the pulse industry, explore the collaborative space of the upstream and downstream, and march forward shoulder to shoulder, colliding with industrial investment opportunities.
Prof. Ba Shusong, chief economist of China Banking Association, looked forward to China's economic and financial policies in 2018. Professor Li Baohua of Shenzhen Graduate School of Tsinghua University combed the new energy vehicle power battery and material industry and policy, the new wealth of the best analyst power equipment and The new energy industry Zibohua analyzed the development trends and investment opportunities of the new energy automotive industry. Dr. Zhang Xiaofei, Chairman of GGII, discussed the application and investment opportunities of hydrogen fuel cells in new energy vehicles.
The forum also invited Sichuan Capital Jinding, Wanrun New Energy, Ligao Technology, Haiying Technology, Suimei New Energy, the owner of the company, China Hualian, and the new energy auto industrial chain. The outstanding companies include Geely New Energy, Xinwangda, Changhong New Energy, Shenlong Bus, Yipeng New Energy, and more than 40 business representatives. In addition, more than 80 investment sector representatives from Shanshan Venture Capital, Cornerstone Capital and Zheshang Venture Capital, representatives from more than 30 financial institutions such as China Merchants Bank, Guosen Securities, and China Reinsurance are participating in this forum.
The benchmarking companies in the subdivided areas of new energy vehicles, middle and lower reaches, and related investment institutions will gather together to discuss and discuss the sub-segment areas in terms of the positioning, development trend, and integration and coordination of the new energy industry chain. Find uncertainty in uncertainty.
""Post-subsidy era"" will accelerate low-end production capacity
The development of new energy vehicles is an industrial policy and national strategy after comprehensive consideration of national security and economic interests. The market is firmly optimistic about the development opportunities for the new energy automotive market. ""Post-subsidy era"" may bring short-term pain, but in the long run, policy-driven transition to consumption-driven, handed over to the market as the ""invisible hand"" to guide the development of the industry, can optimize the industrial structure and increase the state-owned brand's global competitiveness.
Faced with the uncertainties brought about by the adjustment of policies, the industry generally believes that it is necessary to return to the nature of automotive development, and to control costs and improve quality is the key. The concentration of the industry has increased and the strong ones have become stronger. However, structural overcapacity has also emerged. High-cost, low-quality low-end production capacity has gradually cleared out, and companies with technological advantages, market advantages, and financial advantages can be in the “post-subsidy era”. Under the environment, the industry gradually transitioned from ""hundred flowers"" to ""oligic competition."" Moreover, the “post-subsidy era” is based on the development of previous subsidies. Enterprises that have accumulated advantages still need to refine their operations and strengthen their core competitiveness to face the “post-subsidy era” and even the competition in the unsubsidized era. Transition to participation in global competition.
In the future investment opportunities, every aspect of the new energy automotive market is very important, not only the basis for the development of new technologies in the future, but also to complement the existing links. The former include fuel cells, solid-state batteries, and the latter such as wet diaphragms. Import substitution. Pang Jian, a partner of simple capital, believes that high-end materials, devices and equipment made in China, forward-looking technologies, and smart driving are important future investment directions. According to Zibo Hua, Chief Analyst of Changjiang Securities Power Equipment and New Energy, there are two main investment opportunities in the future: First, the strong operational areas brought by consumer upgrades, such as soft pack batteries, thermal management, and high nickel, etc.; The midstream manufacturer leader under the competition. With the background of policies and market capacity, China will maintain 5 million vehicles in 2020, accounting for more than 70% of the world's new energy vehicles, and the international market will be the key breakthrough area in the future. At the same time, this requires domestic companies to establish a good brand advantage, to control costs while improving quality, increase the share of low-cost, high-quality high-tech to win the mid-market.
Peng Jian said that the development prospects of the new energy vehicle market are bright, and the “post-subsidy era” has accelerated the industry’s low-end production capacity to clear out and the strong and permanent ones. The investment opportunities in the future are still rich and colorful. In the rise.
New Energy Vehicle Investment 2.0 Era: The Industrial Chain Integration Obviously
From the data of the recent three years of the capital market, the scale of M&A and restructuring in the new energy automotive sector is greater than direct investment. According to statistics, there have been several mergers and acquisitions in the lithium battery industry in 2017, with an average of 12 mergers and acquisitions. The top ten mergers and acquisitions totaled 28.5 billion yuan. The investment in new energy vehicles has entered the 2.0 era, focusing on mergers and acquisitions, horizontal and vertical layout, emphasizing the synergy of the industrial chain.
Sub-divisional industry chain needs to be bigger and stronger. In addition to quality-end optimization and cost-side control, it is also necessary to achieve industry benchmarks and participate in global competition with high-standard industry advantages. This process can not be separated from the company's own optimization and strengthening, but more inseparable from the company's ability to control the upstream and downstream, mergers and acquisitions to replace mergers and acquisitions is the driving force for bigger, but also industry trends.
Specifically, BMS emphasizes the management of the whole life cycle and achieves a dominant position in the field of control. It generally requires BMS companies to adopt horizontal integration and vertical core devices as the breakthrough direction. The simple capital invested company Zhonghua Hualian has also expanded from the single main line of the diaphragm equipment manufacturer to cover the two main product lines for the production of downstream diaphragm products. The vertical layout is conducive to improving the competitiveness of enterprises and seizing the share in the high-end market. Mr. Lin Xiaohu, deputy general manager of Geely Commercial Vehicles, looked at the supply chain from the point of view of the vehicle manufacturer, paying more attention to economy, convenience, and customized demand satisfaction. For example, lowering costs, improving customer acceptance, and facilitating charging, improving customer experience, and different scenarios. The customized market meets the diverse needs of customers. Ms. Wang Hongmei, the founder of Sumitomo Corporation, sums up that in the “post-subsidy era” background, entrepreneurs need to pay attention to the balance of personality and price, the balance between cost and profit, the balance between technology and demand, and emphasize the establishment of a customer destiny community.
However, in the face of the cross-border business layout, industry experts recommend to see the technical barriers in various subdivided areas, and can not blindly stretch the industrial chain, and should be based on their own technical advantages, customer advantages, market advantages, selective layout of the upstream and downstream Enterprises, to achieve the synergy of the industry. For example, if the car companies cut into the BMS field can outperform third-party BMS companies, the market is not the same. For the layout of new markets, such as fast charging, wireless charging, changing electricity, etc., it is necessary to comprehensively consider the laws and regulations, operating costs, technical feasibility and other factors before deciding whether to layout.
Overall, the development of new energy vehicles has entered the era of investment 2.0, focusing on mergers and acquisitions, paying attention to the synergies of the industrial chain, and providing richer opportunities for becoming bigger, stronger, and better.
"
Prof. Ba Shusong, chief economist of China Banking Association, looked forward to China's economic and financial policies in 2018. Professor Li Baohua of Shenzhen Graduate School of Tsinghua University combed the new energy vehicle power battery and material industry and policy, the new wealth of the best analyst power equipment and The new energy industry Zibohua analyzed the development trends and investment opportunities of the new energy automotive industry. Dr. Zhang Xiaofei, Chairman of GGII, discussed the application and investment opportunities of hydrogen fuel cells in new energy vehicles.
The forum also invited Sichuan Capital Jinding, Wanrun New Energy, Ligao Technology, Haiying Technology, Suimei New Energy, the owner of the company, China Hualian, and the new energy auto industrial chain. The outstanding companies include Geely New Energy, Xinwangda, Changhong New Energy, Shenlong Bus, Yipeng New Energy, and more than 40 business representatives. In addition, more than 80 investment sector representatives from Shanshan Venture Capital, Cornerstone Capital and Zheshang Venture Capital, representatives from more than 30 financial institutions such as China Merchants Bank, Guosen Securities, and China Reinsurance are participating in this forum.
The benchmarking companies in the subdivided areas of new energy vehicles, middle and lower reaches, and related investment institutions will gather together to discuss and discuss the sub-segment areas in terms of the positioning, development trend, and integration and coordination of the new energy industry chain. Find uncertainty in uncertainty.
""Post-subsidy era"" will accelerate low-end production capacity
The development of new energy vehicles is an industrial policy and national strategy after comprehensive consideration of national security and economic interests. The market is firmly optimistic about the development opportunities for the new energy automotive market. ""Post-subsidy era"" may bring short-term pain, but in the long run, policy-driven transition to consumption-driven, handed over to the market as the ""invisible hand"" to guide the development of the industry, can optimize the industrial structure and increase the state-owned brand's global competitiveness.
Faced with the uncertainties brought about by the adjustment of policies, the industry generally believes that it is necessary to return to the nature of automotive development, and to control costs and improve quality is the key. The concentration of the industry has increased and the strong ones have become stronger. However, structural overcapacity has also emerged. High-cost, low-quality low-end production capacity has gradually cleared out, and companies with technological advantages, market advantages, and financial advantages can be in the “post-subsidy era”. Under the environment, the industry gradually transitioned from ""hundred flowers"" to ""oligic competition."" Moreover, the “post-subsidy era” is based on the development of previous subsidies. Enterprises that have accumulated advantages still need to refine their operations and strengthen their core competitiveness to face the “post-subsidy era” and even the competition in the unsubsidized era. Transition to participation in global competition.
In the future investment opportunities, every aspect of the new energy automotive market is very important, not only the basis for the development of new technologies in the future, but also to complement the existing links. The former include fuel cells, solid-state batteries, and the latter such as wet diaphragms. Import substitution. Pang Jian, a partner of simple capital, believes that high-end materials, devices and equipment made in China, forward-looking technologies, and smart driving are important future investment directions. According to Zibo Hua, Chief Analyst of Changjiang Securities Power Equipment and New Energy, there are two main investment opportunities in the future: First, the strong operational areas brought by consumer upgrades, such as soft pack batteries, thermal management, and high nickel, etc.; The midstream manufacturer leader under the competition. With the background of policies and market capacity, China will maintain 5 million vehicles in 2020, accounting for more than 70% of the world's new energy vehicles, and the international market will be the key breakthrough area in the future. At the same time, this requires domestic companies to establish a good brand advantage, to control costs while improving quality, increase the share of low-cost, high-quality high-tech to win the mid-market.
Peng Jian said that the development prospects of the new energy vehicle market are bright, and the “post-subsidy era” has accelerated the industry’s low-end production capacity to clear out and the strong and permanent ones. The investment opportunities in the future are still rich and colorful. In the rise.
New Energy Vehicle Investment 2.0 Era: The Industrial Chain Integration Obviously
From the data of the recent three years of the capital market, the scale of M&A and restructuring in the new energy automotive sector is greater than direct investment. According to statistics, there have been several mergers and acquisitions in the lithium battery industry in 2017, with an average of 12 mergers and acquisitions. The top ten mergers and acquisitions totaled 28.5 billion yuan. The investment in new energy vehicles has entered the 2.0 era, focusing on mergers and acquisitions, horizontal and vertical layout, emphasizing the synergy of the industrial chain.
Sub-divisional industry chain needs to be bigger and stronger. In addition to quality-end optimization and cost-side control, it is also necessary to achieve industry benchmarks and participate in global competition with high-standard industry advantages. This process can not be separated from the company's own optimization and strengthening, but more inseparable from the company's ability to control the upstream and downstream, mergers and acquisitions to replace mergers and acquisitions is the driving force for bigger, but also industry trends.
Specifically, BMS emphasizes the management of the whole life cycle and achieves a dominant position in the field of control. It generally requires BMS companies to adopt horizontal integration and vertical core devices as the breakthrough direction. The simple capital invested company Zhonghua Hualian has also expanded from the single main line of the diaphragm equipment manufacturer to cover the two main product lines for the production of downstream diaphragm products. The vertical layout is conducive to improving the competitiveness of enterprises and seizing the share in the high-end market. Mr. Lin Xiaohu, deputy general manager of Geely Commercial Vehicles, looked at the supply chain from the point of view of the vehicle manufacturer, paying more attention to economy, convenience, and customized demand satisfaction. For example, lowering costs, improving customer acceptance, and facilitating charging, improving customer experience, and different scenarios. The customized market meets the diverse needs of customers. Ms. Wang Hongmei, the founder of Sumitomo Corporation, sums up that in the “post-subsidy era” background, entrepreneurs need to pay attention to the balance of personality and price, the balance between cost and profit, the balance between technology and demand, and emphasize the establishment of a customer destiny community.
However, in the face of the cross-border business layout, industry experts recommend to see the technical barriers in various subdivided areas, and can not blindly stretch the industrial chain, and should be based on their own technical advantages, customer advantages, market advantages, selective layout of the upstream and downstream Enterprises, to achieve the synergy of the industry. For example, if the car companies cut into the BMS field can outperform third-party BMS companies, the market is not the same. For the layout of new markets, such as fast charging, wireless charging, changing electricity, etc., it is necessary to comprehensively consider the laws and regulations, operating costs, technical feasibility and other factors before deciding whether to layout.
Overall, the development of new energy vehicles has entered the era of investment 2.0, focusing on mergers and acquisitions, paying attention to the synergies of the industrial chain, and providing richer opportunities for becoming bigger, stronger, and better.
"
