[Citic Securities: demand for new energy vehicles is expected to pick up in the second quarter] Citic Securities pointed out that the decline in subsidies in the first quarter of 2023 led to partial overdraft of demand at the end of 2022. Superimposed lithium carbonate prices fell sharply, car companies cut prices, consumers wait and see, and the overall sales growth of new energy vehicles slowed down. We expect demand for new energy vehicles to pick up in the second quarter as the price of lithium carbonate stabilizes. In addition, energy storage is also expected to continue high growth. From a global perspective, China's electrified supply chain is developing rapidly and is the most perfect. Leading enterprises have supplied overseas, and their value as a global high-quality manufacturing asset is prominent. Recommend new energy vehicle supply chain with global competitiveness and subdivide track high-quality enterprises.