The impact of interest rates on new energy vehicle stocks

Rising interest rates have affected consumers’ purchasing power of new cars, causing stocks such as Tesla to plummet.

LPR interest rate will be lowered! New energy vehicles are a big plus! Measures to stabilize the property market continue to be taken!

News 1: The new Loan Prime Rate (LPR) will be announced soon

Experts said that after the medium-term lending facility (MLF) and open market reverse repurchase operation interest rates dropped, There is a high probability that the loan market quoted interest rates announced this time will be reduced accordingly. This will further reduce the financing costs of enterprises and residents, boost effective credit demand, and the recovery of effective credit demand is expected.

Interpretation: The previous social financing data was significantly lower than expected. After the MLF was lowered than expected last week, this week will usher in the announcement of LPR. It is expected that a downward trend in interest rates is a high probability event, which will be beneficial to real estate consumption. However, the bottoming out of the real estate industry may be a slow process and more favorable stimulus is still needed.

News 2: The new energy vehicle purchase tax policy will be extended for another year, and charging piles will be vigorously constructed.

The National Standing Committee decided to continue to implement policies such as exemption from vehicle purchase tax for new energy vehicles to promote large-scale sales. Consumption. Vigorously promote the construction of charging piles and include them in the scope of support from policy development financial instruments.

Interpretation: The benefits of new energy vehicles are coming one after another. This is also in the context of policies that vigorously promote consumption. At present, stimulating domestic demand still needs to start from the consumption of green home appliances, vehicle consumption, real estate consumption, etc.

News 3: Special loans focus precisely on “Guaranteed Delivery of Buildings”!

On August 19, the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People's Bank of China and other relevant departments have recently introduced measures to improve the policy toolbox and support the construction and delivery of overdue and difficult-to-deliver residential projects through special borrowings from policy banks. .

Interpretation: Measures to stabilize the property market are constantly being introduced, and some issues left over from history will be resolved, which also solves the worries of buying a house. It is of positive significance to the healthy development of the real estate market and the bottoming out of the real estate market.

News 4: European natural gas and electricity prices hit record highs

Affected by tight energy supply and weather and other reasons, the European natural gas benchmark Dutch TTF natural gas futures settlement price rose 6.7% to per megabyte. Watt hour was 241 euros, breaking the closing record set when the conflict between Russia and Ukraine first broke out in early March. On August 19, Dutch TTF natural gas futures prices rose again. As natural gas prices soar, European electricity prices are also skyrocketing. On August 19, the price of electricity delivered in Germany next year rose by more than 1%, reaching a record high of 545 euros/MWh. Electricity prices in France and Northern Europe also hit new highs last week.

Interpretation: Affected by geopolitical conflicts and recent high-temperature weather, Europe has fallen into an energy crisis, which may continue to drive the installed capacity of photovoltaic and wind power to continue to rise.

News 5: A carbon emission statistical accounting system will be initially established in 2023

On August 19, the National Development and Reform Commission, the National Bureau of Statistics, and the Ministry of Ecology and Environment jointly issued the "Regulations on Accelerating the Establishment of Unified Standards" Implementation Plan for the Carbon Emission Statistical Accounting System. The implementation plan proposes that by 2023, carbon emission statistical accounting work in various industries will be carried out steadily, and a unified and standardized carbon emission statistical accounting system will be initially established. In 2025, the statistical accounting system will be further improved, the basis for carbon emission statistics will be more solid, and the data quality will be improved across the board.

Interpretation: The dual carbon goals require everyone’s participation. We cannot stay out of it. In the future, perhaps everyone’s carbon emissions and carbon credits will have a huge impact on life and work.

News 6: Introduce policies to promote the innovative development of energy electronics, high-end medical equipment and other industries

Intensify the development of emerging industries. Formulate and introduce policies to promote the innovation and development of industries such as energy electronics and high-end medical equipment, and accelerate the development and growth of industries such as big data, cloud computing, artificial intelligence, robots, and green environmental protection.

Interpretation: The development of emerging industries requires continuous promotion at all levels, because this is the commanding heights of future competition.

News 7, Passenger Car Association: The retail sales of new energy vehicles in August are expected to be 520,000 units, a year-on-year increase of 108.3%

The Passenger Car Association predicts that the retail sales of narrow passenger cars in August will be 188.0 million vehicles, a year-on-year increase of 29.6%, a month-on-month increase of 3.4%; of which new energy retail sales are expected to be 520,000 vehicles, a year-on-year increase of 108.3%, a month-on-month increase of 7.0%, and a penetration rate of 27.7%.

Interpretation: The penetration rate of new energy vehicles is constantly increasing. This is just the beginning and will continue to increase in the future. At present, the proportion of new energy vehicles in the total number of vehicles is still very low, and there is still a lot of room for development.