The global auto industry is moving fast! What are the relevant concept stocks in Taiwan? Which are the unexpected dark horses? In addition to in-depth discussions on the general trend of the auto market, this unit also invites 5 market experts to select the most potential auto star stocks in their minds, and take you to comprehensively scan the investment of the Taiwan auto group. Chance.
【arts/ Xu Bojie】
Shanghai is closed, and China’s auto industry bears the brunt! According to the statistics of the China Association of Automobile Manufacturers, in April 2022, the sales volume of automobiles in mainland China will be 1.181 million units, a decrease of 47.1% month-on-month and 47.6% yearly. It is 1.7665 million units, a monthly increase of 49.59% and an annual decrease of 17.06%. The cumulative sales from January to May this year are expected to be 9.457 million units, a decrease of 13.11% from the same period last year.
China’s revitalization policy introduced
Auto sales have a chance to pick up
After the economy faces the risk of downturn, mainland China has begun to increase its revitalization measures. The Ministry of Finance and the State Administration of Taxation of China will, from June 1 to December 31 this year, provide passenger services with a price of not more than RMB 300,000 and a displacement of less than 2000cc. Vehicles, the vehicle purchase tax is halved, and it is estimated that each vehicle can save an amount ranging from 5,000 yuan to 1,000 yuan. In addition, the Ministry of Industry and Information Technology and the Ministry of Commerce have also announced the details of the new energy vehicles going to the countryside. The time from June to December, There are as many as 26 car companies participating. With the announcement of China’s rescue measures, China’s car sales will have the opportunity to rebound in 2022.
The auto industry has maintained an annual sales volume of 80 million to 90 million units globally in recent years. Although the overall volume has not increased significantly, innovations within the industry are still in progress. Judging from the products that are standard or successively standard on commercial vehicles at this stage, the three major products of autonomous driving, 48V, and in-vehicle audio-visual entertainment will be the decisive points of major car manufacturers in addition to safety and control.
In the past, cars were equipped with a 12V power system. However, with the trend of increasing in-vehicle electronic products in recent years, 12V traditional batteries are no longer enough to supply the overall power system. In addition, the trend of small-displacement engines is obvious. Therefore, after 2018, European and American car manufacturers have Actively introduce a 48V mild hybrid system so that the vehicle can more effectively integrate the high-voltage equipment required in the car: such as automatic driving assistance systems.
Benefit from the popularization of 48V system
Passive components, power semiconductors
After the 48V mild hybrid system is gradually popularized, the amount of passive components and power semiconductors in it has increased rapidly. The main reason is that the 48V mild hybrid system integrates the starter motor and generator of the traditional engine into a starter generator. The requirements are higher than in the past, so we are optimistic about the future business growth of related companies, such as: Yageo (2327) and Lilong (2472) of passive components; Universal Crystal (6488) and Sino-American Crystal (5483) of third-generation semiconductors… ..etc; Pengcheng (8255), Dewei (3675), Qiangmao (2481)…
[For the full content, please refer to “Extraordinary Business Weekly” 2022/6/10 No.1305]