"Access rules" July 1 implementation of new Energy vehicle concept Unit reordering

Quiet nearly two months of the new energy vehicle plate, again by the market attention. June 29, the NDRC recently announced the "New Energy vehicle production enterprises and product access Management rules" (hereinafter referred to as the "access rules") impact, including the branch force far (600478. SH), new continent A (000571.SZ), Bao ' An (000009), China.　　SZ) Shing High-tech (600872.SH) and other new energy car battery stocks rose, Branch force far plate at once trading, closed at 18.46 Yuan, Rose 8.65%.　　In contrast, some of the new energy vehicles in the vehicle control system, motor control system and engine management system concept unit, after the "Access Rules" published, and not be sought after.　　To the surprise of the market, many institutions have been bullish on the lithium-ion battery powered by hybrid passenger cars and commercial vehicles, only by the "access rules" into the "development period" products, and Ni-MH batteries, lead-acid battery production of hybrid passenger cars, pure electric passenger cars and pure electric commercial vehicles, is a mature product.　　Catch the eye again this July 1, the "access rules" aimed at promoting technological progress in the automotive industry, protecting the environment, conserving energy and encouraging enterprises to develop and produce new energy vehicles have been implemented.　　According to the rules of access, new energy vehicles include hybrid vehicles, pure electric vehicles (BEV, including solar vehicles), fuel cell electric vehicles (FCEV), hydrogen engine cars, high-performance energy storage devices and dimethyl ether and other new power vehicles and other products. After dividing each product category and energy storage device according to the technical stage, different management methods will be adopted for different technical stages.　　For the initial period and development period of the products, can only be small batch production and permit production, and for mature products and conventional automotive products, "vehicle manufacturers and product announcements," the same management.　　From this division can be seen, to the end of 2010, from the power source point of view, lead-acid batteries in hybrid passenger cars, pure electric passenger cars and pure electric commercial vehicles are in the mature stage, which means that lead-acid batteries for the three types of new energy vehicles, will be able to implement industrialization.　　Battery, the maturity of Ni-MH battery in the hybrid passenger car is superior to that of lithium-ion battery, and has industrialized conditions; while lithium battery is superior to Ni-MH battery in pure power vehicle, it is still in the development stage and has not reached the industrialization condition, only the lead-acid battery is mature. "At present, the realistic choice of developing new energy vehicles in China must focus on hybrid passenger cars, because NiMH batteries have incomparable advantages over lead-acid batteries, which means that Ni-MH batteries will become a promising power source for new energy vehicles," said Liu June, an analyst at the Securities industry. Lithium battery is basically in the development period, the future prospects are broad. "Specific to the relevant listed companies, Liu June said," Automotive power batteries as the core technology of new energy vehicles, the development of a broad space. Ni-MH battery suggestion focus on the torch High-tech, Branch force far, Kane shares, lithium-ion power battery builtChina Baoan, Jiangsu Guotai, Shanshan shares.　　"It should be said that the market's focus on new energy vehicles began last September when Mr. Buffett invested in BYD motor."　　January 14 this year, the State Council principle through the automobile industry revitalization planning, the first proposed new energy vehicle strategy, arranged 10 billion yuan to support the new energy vehicles and key parts industrialization; Since then the Ministry of Finance clear subsidy standards, "new Energy vehicle Demonstration promotion Notice" is to 13 demonstration and promotion of the city gave a fixed subsidy. This makes the market funds start to pay attention to the new industry, as the car dealer's Kai bus (000868.　　SZ) and Changan Motor (000625.SZ) recorded 6 and 7 trading boards respectively. With the March government issued the auto industry adjustment and revitalization of the planning rules, and new energy vehicles related sectors have been favored by the funds, which as the impact of the entire new energy vehicle plate performance of the power battery plate is particularly prominent, such as science and technology in the 1.5 months after New Year's day to double the share price　　Another concept of Ni-MH battery in the torch is recommended in CICC, from around 3.3 yuan climb, May 7 touch High 13.4 yuan, up to 300%. Lithium battery concept stocks also to be outdone, the production of lithium-ion power batteries Citic Guoan (000839.　　SZ) and the production of lithium-ion electrolyte, Jiangsu Cathay, are in the short term to achieve double share price. Ni-MH batteries are more popular. It is undeniable that, from the policy point of view, the development of new energy vehicles is China's strategic choice of energy-saving emission reduction.　　According to the reporter understand, the second half of this year, including new Energy Vehicle promotion project recommended vehicle directory, business vehicles equipped with new energy vehicles, the proportion of 10 billion technical improvements and subsidies implementation rules and other related policies, will be introduced. Although the market generally believes that, from a technical perspective, lithium batteries are the direction of the power battery, but with the introduction of the rules of access, many vendor analysts began to change their view, "The next 3-5 years, Ni-MH batteries may still be the mainstream of new energy vehicles, 3-5 years later, lithium power batteries will be applied on a large scale." "From the Ni-MH battery industry chain, upstream raw materials manufacturers including nickel ore company Jean Nickel Industry (600432.　　SH) and the production of nickel hydroxide Jinrui technology (600390.SH) and downstream battery manufacturers.　　Shenwan Institute analyst Wang Hua is more optimistic downstream manufacturers, upstream manufacturers of the current competitive situation supply and demand balance, but the power battery downstream manufacturers Branch force far Shing High-tech in short supply state.　　In fact, a few two months ago, a lot of institutions in the market view is still very optimistic about the current industrialization of lithium-ion batteries; Many seller researchers believe that Ni-MH batteries are only a transitional product for the next 2-3 years, and bulky lead-acid batteries are also not bullish because of short life expectancy. "When market hotspots switch to blue-chip stocks that enjoy good performance and underestimate value, the concept of a NiMH battery that has produced performance is far from a good choice."　　"On the afternoon of June 29, fund managers who have long been concerned about the new energy sector said to reporters. "Some of the concept stocks of lithium batteries were only produced by planning, and did not pick upOrders began to go into production, not to mention performance, and the rules of Access clearly show that the government's short-term support for NiMH batteries means that many companies that want to wait for the production of lithium-ion battery-related products will have to adjust accordingly. ”