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Over the past year, new energy vehicle stocks, including Tesla, Lulai, Xiaopeng, ideal, and BYD, have all seen great growth, with Tesla rising 743.4% this year, making it the world's largest car company by market capitalization. Lurai Motor rose more than 1112.4% this year, and BYD in the domestic market rose more than 300%.

However, after entering 2021, new energy vehicle stocks have not been able to continue the strong growth momentum, especially after the year, new energy vehicle stocks have fallen sharply. Tesla fell 24.17% to 654.87 US dollars per share from 863.64 US dollars per share on February 8, while Xilai fell 44.96 per cent to 43.35 US dollars per share from 62.84 US dollars per share on February 9. Both Xiaopeng and ideal fell sharply. Domestic A-share BYD fell from 266.95 yuan per share to 171.15 yuan per share, a drop of more than 35.89 percent. In addition, the industry chain related to new energy vehicles also has a substantial pullback.

Compared with the sharp rise and fall in the share prices of new energy vehicles, although the stock prices of traditional and established cars have moved slowly, most of them have gradually emerged from the quagmire after the outbreak of the epidemic last year, and their share prices have accelerated this year. Including Volkswagen, Ford, GM, Daimler and other car companies have risen 64%, 46%, 44% and 25% respectively this year.

With the continuous decline in the share prices of new energy vehicles and the rise in the share prices of traditional established car companies, the ranking of global automobile market capitalization has changed. According to statistics, Tesla still ranks first with a market capitalization of US $628.5 billion, followed by Toyota Motor and Volkswagen Group, with a market capitalization of US $222.7 billion and US $155.5 billion respectively, especially Volkswagen Group, which has attracted the attention of regulators because of the continuous rise in share prices. BYD, which had previously ranked fourth, was overtaken by Daimler and GM, falling to sixth, while Xilai ranked seventh in terms of market capitalization.

According to media analysis, although the electrification and intelligence of the automobile industry has become an inevitable trend, the excessive pursuit of the new energy vehicle industry is obviously inconsistent with the current market performance, with the gradual calmness of the new energy vehicle racetrack, the industry bubble is being burst, which may also mean that a new round of reshuffle of the global new energy vehicle industry is coming.

According to data from the Federation of passengers, the cumulative retail volume of new energy vehicles in 2020 was 1.109 million, an increase of 9.8% over the same period last year, far exceeding the market level, and also indicates a gradual change in consumers' concept of new energy vehicle products. However, even if the new energy vehicles reached a high point last year and the sales volume of various car companies increased significantly, the pain points of the new energy vehicle industry also gradually emerged. including mileage anxiety, high car purchase cost, low residual rate, difficult to charge, slow charging, imperfect supporting facilities, these problems are difficult to be solved in a short period of time. In addition, the growth of new energy vehicle sales is also based on the guidance of state subsidies, with the continuous narrowing of subsidies, the future development of new energy vehicles is still full of variables.

At the just-concluded fourth session of the 13th National people's Congress, the term "new energy vehicle", which has been included in the government work report for seven consecutive years, was not mentioned separately. instead, emphasis is placed on the development of infrastructure such as charging piles, power station replacement, battery recycling and post-market services for new energy vehicles. Therefore, compared with the development of new energy vehicles, the layout of the new energy post-market is also particularly important. Without a breakthrough solution to the pain points of new energy vehicles, it is difficult for consumers to improve their acceptance of new energy vehicle products.

At present, many car companies around the world, including Volkswagen, Jaguar, General Motors, Ford, BMW and so on, have proposed the development time of electrification to improve the research and development and sales of new energy vehicle products, and gradually reduce the market share of fuel vehicles. In addition, with the arrival of the tuyere of new energy vehicles, a number of technology companies have also accelerated their entry into the automobile industry and launched new car brands in cooperation with traditional car companies.

At present, the securities institutions are still optimistic about the rapid growth of the demand of the new energy vehicle industry, but due to the rapid growth of the previous industry, it has deviated from the market track, as the new energy vehicle market gradually returns to rationality, the related concepts of new energy vehicles will continue to fluctuate.

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