NIO acquired some factory assets of Jianghuai Automobile, resulting in a rise in new energy vehicles during trading. Yongxing Materials hit the daily limit, while stocks such as Rongjie Group, German Nano, China National Mining Resources, and Tianqi Lithium followed suit. The ETF for new energy vehicles (159806) rose by over 3%.
On December 5th, it was announced that NIO will officially acquire production equipment and assets from Jianghuai Automobile's first and second advanced manufacturing bases, with a total price of approximately RMB 3.16 billion excluding taxes. According to Li Bin, CEO of NIO, during NIO's 2023 Q3 financial report conference call, if NIO's cars were entirely self manufactured, manufacturing costs would decrease by 10%.
In addition, 10 key new energy passenger vehicle companies delivered a total of 499600 new energy vehicles in November, with a month on month ratio of+45.58%/+1.67% respectively. Among them, BYD, Ideal, Xiaopeng, Lingpao, Wenjie, and Jike achieved a historic high in November delivery, while most car companies maintained a steady increase in delivery compared to the previous month.
Debon Securities stated that a series of policies to promote consumption have been introduced at the national level, and local governments have responded greatly by issuing consumption vouchers, car purchase subsidies, and other measures. In addition, with the concentrated listing of new products by enterprises, the popularity of the car market continues, and the fundamentals of related enterprises are expected to continue to improve.
Investors without stock accounts can seize investment opportunities in the new energy vehicle sector through the linked fund (009068) of the new energy vehicle ETF.