Rewards innovations in new energy vehicles and power batteries

The website of the Ministry of Industry and Information Technology has announced the "Notice on Organizing and Launching Technological Innovation Projects for the New Energy Vehicle Industry" (hereinafter referred to as the "Notice"), which will focus on rewarding new-designed and developed new energy vehicles and power batteries, while clarifying the standards. The industry believes that the relevant stocks are expected to usher in policy benefits. This again shows that our country attaches importance to innovative technologies, and it seems that new energy vehicles will usher in good news.

The two major projects were financially supported by the "Notice" appendix "Interim Measures for the Administration of Financial Incentive Funds for New Energy Automobile Industry Technology Innovation Projects" (hereinafter referred to as the "Provisional Measures"). The central government will allocate some funds from the special energy-saving and emission reduction funds (below Referred to as bonus funds) to support technological innovation in the new energy automotive industry. The targets of incentive fund support include new energy vehicle vehicle projects (including pure electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles) and power battery projects. Companies that apply for incentive funds should have strong R&D capabilities and industrialization foundations. . Among them, the vehicle company must have the ability to integrate and continuously develop the new energy vehicle vehicle design. The R&D investment accounted for not less than a certain percentage of the main business income; the power battery company should master the core technology and have strong R&D, production and after-sales services. Service support capabilities, with battery unit's intellectual property rights.

The "Provisional Measures" emphasizes that the Ministry of Finance will disburse award funds in batches in accordance with the progress of the project and relevant assessment opinions. Among them, 40% will be allocated after the implementation of the plan, 50% after the mid-term evaluation is passed, and the implementation plan will be completed and the acceptance will be passed. Then allocate the remaining 10% of the funds. For slower progress projects,

Slow-down or stop will be made depending on the circumstances; for projects that do not reach the expected target, the incentive funds will be deducted accordingly.

The industrial development road is still long. With regard to the national financial support for the development of the new energy automotive industry, Ansun Securities Investment Consultant Li Yongbiao believes that with the introduction and implementation of financial incentives, the government will use real money to support industrial innovation and development. The relevant listed companies will Form substantive benefits. In the short term, the incentive funds have certain stimulation for related stocks in the new energy auto industrial chain and can focus on lithium batteries, new energy vehicles and other stocks. However, in the long run, the development of new energy vehicles is still in its infancy, and there are many problems such as security and supporting charging facilities. The promotion of industry incentive policies to the industry is a gradual and catalyzing process, and it takes longer to reflect the financial statements of listed companies.

Medium and long-term investment value Zhang Hanshi, an investment advisor of Xiangcai Securities, believes that new energy vehicles have been the focus of the market, and related listed companies have also been active before. At present, the overall valuation of the sector is at a historically low level and has a strong safety margin. Despite the current systemic risk of the market, the stock price of the relevant individual stocks has undergone a relatively large adjustment, but with the continuous introduction of favorable policies, funds are expected to be covered. In the medium- and long-term terms, the new energy automotive industry has a certain investment value, and investors can pay attention to the long-term leader with leading technology.