[hot stocks] the share price of the new energy vehicle sector drives up the China Automobile Association, which expects sales to increase by 40% year on year next year.

SMM12 March 17: today, the share price of the new energy automobile plate rose, Changaluminum shares rose by the daily limit, Dongfeng Motor rose by the intraday limit, Zhongtong bus rose by more than 4%, and Jiangling Motor, Guoxuan Hi-Tech and other stocks rose one after another.

Meng Wei, spokesman for the National Development and Reform Commission, said that the automobile industry has recovered rapidly and continued to grow recently. In the next step, the National Development and Reform Commission will thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, consolidate the foundation of the new energy vehicle industry, enhance its development advantages, and strictly implement the "regulations on Investment Management of the Automobile Industry." in conjunction with relevant departments, we will study policies and measures to strengthen the management of the automobile industry to promote the healthy and orderly development of new energy vehicles, so as to create good conditions for the high-quality development of the automobile industry during the 14th five-year Plan.

According to data from the China Automobile Association, 200000 new energy vehicles were sold in November, an increase of 24.1 percent over the previous month, and a year-on-year increase of 104.9 percent. From January to November, a total of 1.109 million new energy vehicles were sold, an increase of 3.9 percent over the same period last year. By November, production of new energy vehicles has declined slightly, and sales have achieved positive growth. It is believed that the production and sales of new energy vehicles for the whole year show a positive growth trend.

The China Automobile Association expects sales of 1.3 million new energy vehicles in 2020, an increase of about 8 per cent over the same period last year, and 1.8 million new energy vehicles in 2021, which will achieve a year-on-year growth of about 40 per cent.

Societe Generale Securities said that China's new energy vehicles lead the world in technology and have a complete industrial chain. In the next five to ten years, the share of China's new energy vehicle industry in the world will continue to increase, its influence will continue to grow, and it will be in the first camp of new energy vehicles. Therefore, from the perspective of investment, new energy vehicles will be a big track in the future, and a number of excellent companies have emerged in China, but the performance of various sectors of new energy vehicles will be more flexible next year, and investment needs to be carefully selected.