Citic Securities: the domestic new energy vehicle market is expected to stabilize in the second half of 2023

(Citic Securities: the domestic new energy vehicle market is expected to stabilize in the second half of 2023)-Citic Securities pointed out that with the price war among new energy vehicle companies in the first half of the year and the impact of subsidy decline gradually weakening, the domestic new energy vehicle market is expected to stabilize in the second half of 2023. The lithium battery and battery materials in the middle and upper reaches of the plate have entered a stage of steady growth, the pattern of each link has been basically formed, and the leading position continues to be stable. in the middle and upper reaches, it is suggested that attention should be paid to innovative technologies such as 4680 battery, lithium ferromanganese phosphate, composite current collector, sodium battery, integrated die casting and so on. In the downstream link, in addition to the application of new energy vehicles, it is suggested to pay attention to the extended innovative applications of lithium batteries such as charging piles, energy storage, robots, thermal management and so on. The current plate valuation is in a historical position and has configuration value. High-quality leading enterprises with global competitiveness are recommended, especially the supply chain of Tesla and Ningde era. It is recommended to pay attention to the relevant investment opportunities brought by new technologies and new applications.