Rewards innovations in new energy vehicles and power batteries

The website of the Ministry of Industry and Information Technology 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.

Two major projects received financial support

The "Announcement" appendix "Interim Measures on the Administration of Financial Incentive Fund for New Energy Automotive Industry Technology Innovation Projects" (hereinafter referred to as "Interim Measures") shows that the central government will allocate some funds from the special funds for energy saving and emission reduction (hereinafter referred to as "reward funds") to support New Energy Automobile Industry Technology Innovation. 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.

Industry development road is still long <br> <br> state financial support for the development of new energy automotive industry, Essence Securities investment adviser Liyong Yao believes that with the introduction and implementation of fiscal incentives, the government will be real money to support industrial innovation and development , It will form a substantial good for the relevant listed companies. 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.

Long-term investment value

Xiang Han Securities investment adviser Zhang Han Shi believes that new energy vehicles have been the market's attention, 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 related 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, the new energy auto industry has a certain investment value, and investors can pay attention to the long-term leader with leading technology.