Let's first look at the technical form. The previous 500 had been polished for a few months; let's first see if it can hold around 480.
Judging from the short-term trend, the trend has deteriorated.
From a fundamental point of view, the fundamentals of the Ningde era did not change much. Mainly, the current market sentiment is weak, and A-shares are relatively weak.
The increase in the penetration rate of new energy vehicles is here, which shows that the certainty page on the growth rate of power battery performance has not changed.
As a high-growth industry, new energy (vehicles) has clearly not reached an inflection point, nor is it slowing down.
The competitive landscape in the NEV industry is indeed not good. Tesla only accounts for 2% of the global market share, and domestic giants such as Huawei and Baidu continue to invest in intelligent driving, autonomous driving, etc. However, the competitive pattern for new energy vehicles is not good or tight, but the 30% + global market share of Ningde Shidai Power Battery shows an opportunity in the power battery industry. In particular, second-tier companies will have some greater trading opportunities.
If the market space is 10 times, the penetration rate at the enterprise level double* is 20 times. Of course, here's an example.
The tight supply and demand situation in this industry has not changed. Looking at it now, the Ningde era is still the absolute leader, and it still has absolute premium capabilities. However, there is also pressure to slow growth.
Some low-end orders will be replaced by other power battery companies. Furthermore, car companies such as Tesla will definitely seek alternative suppliers to ensure the stability of the supply chain system and absolute control over suppliers.
Remember half a year ago, when the Ningde era shook around 500, one of my questions about the electronics industry...