Castrol Fund Song Yang: The electric vehicle process is in the early stages of growth

Since 2021, the new energy vehicle industry has exploded, making more investors see investment opportunities in the field. Standing on this fiery track, many issues need professional analysts to give objective answers. For example, is electrification close to the ceiling? Can the new forces of cars maintain a high -speed growth? How should we grasp the investment rhythm of the new energy vehicle industry? Focusing on the popular topics of many new energy vehicle industries, Song Yang, the main analyst of the Castrol Fund's new industry, shared his views and the latest market views at the theme summit of the Castrol Fund New Energy Investment and Layout.

First of all, he said that electricization is not close to the ceiling. According to the entire life cycle curve of the product, the electric vehicle process is in the early stage of growth, and it is far from mature and recession. In the growth period of growth, the penetration rate will experience the rapid growth of the penetration rate from low to high, the richer models of the model gradually replace the three major stages of pure fuel vehicles, and intelligent reshaping the automotive industry chain. Software and hardware to the application scenarios are continuously upgraded in all aspects. In the end, intelligence will also be electrified, becoming the main driving force for the future development of new energy vehicles and bringing beta opportunities to the industry.

In the era of fuel vehicles, domestic independent brands have not achieved a higher market share in the international market, but in the era of electric vehicles, Song Yang expressed confidence in the rise of independent brands. First, my country has the world's leading world for electric vehicle manufacturing, and after the intelligence and software level are not resident, so domestic independent brands will achieve an absolute advantage in the future. , Will also go to the global market to form strong competitiveness.

He further pointed out that three necessary conditions for promoting the rapid development of new forces are: the ability to control market demand, the ability of intelligence, and the profitability of bicycles. Intelligent driving and user experience is the decisive factor that determines the growth and victory of new forces in the future. In addition, the new forces adopt transparent sales channels to more accurately locate customers and reduce inventory in circulation, making production manufacturing more lean. It can be said that the entire automotive sales system is redefined, and the future is also a major advantage of its development. The development path of the new forces is still very long, but it already has a unique competitive advantage, and its sales will also enter the new high.

How to grasp the investment rhythm of the new energy industry, Song Yang believes that even if the new energy growth rate is faster at present, there is still a huge room for growth in the future. From the rhythm, it depends on the consumption attribute in the short term and depends on the technological attributes for a long time. Electrification is still the core factor in the development of new energy vehicles. When the penetration rate of electrification reaches a certain stage, the intelligent network effect will be fully reflected. On the other hand, compared with developed countries in the West, the gap between Chinese cars is large. With the increase of residents' consumption capacity, car ownership will also increase significantly. It is expected that the sales of domestic passenger cars in 2035 can reach 35 million vehicles. The above, all domestic passenger cars will basically be electrified.

- END -