The lithium-ion battery industry chain broke out collectively, and Hezong Technology, Keheng shares rose more than 10%

On May 19, the three major A-share stock indexes opened lower. The Shanghai Stock Exchange Index showed a sideways trend throughout the day. The Shenzhen Component Index and the ChiNext Index fell into a turbulent trend after turning red and rebounding. Today, the A-share new energy vehicle sector rose again, and the automotive sector rose at the top. The new energy vehicle ETF rose 3.79% today. By the end of the market, Jianghuai Automobile, BYD, Changan Automobile, and Guangzhou Automobile Group have all moved higher. In addition, the lithium-ion battery industry chain has also exploded. As of press time, Hezong Technology and Keheng shares have risen by more than 10%. On the news, on May 18th, Beijing time, Biden once again promoted the US$174 billion electric vehicle support plan and emphasized the need to provide subsidies to consumers. According to the screenshot of the Reuters report, Biden said that the future of the auto industry is 'electric cars' and the United States will provide subsidies for the purchase of 'clean carsThe United States will accelerate its pace in the field of electric vehicles, and Biden has vowed to reverse the Trump administration’s “short-sighted” vehicle emission standards. Stimulated by the news, US new energy vehicle stocks collectively rose. As of press time, electric truck manufacturer Lordstown Motors has risen 20%, Fisker, Workhorse, QuantumScape have risen nearly 10%, Nikola has risen by more than 6%, Tesla has risen slightly, and NIO has risen by more than 1%. Biden’s electric vehicle plan was first announced on March 31. The US$174 billion electric vehicle support plan mainly includes US$100 billion in consumer electric vehicle tax rebates, US$15 billion in electric vehicle infrastructure, US$20 billion in electric vehicle school bus grants, and 250 US$100 million in electric vehicle bus allocations and US$14 billion in other electric vehicle tax incentives. Recently, Hillhouse Capital announced in the US Securities and Exchange Commission (SEC) the position of US stocks at the end of the first quarter of this year. The 13F report shows that Hillhouse newly entered and increased its holdings of 23 stocks in the first quarter. The three new car-making power companies that were cleared in the fourth quarter of last year, Weilai Automobile, Ideal Automobile, and Xiaopeng Automobile, reappeared in the holding list in the first quarter of this year. Hillhouse bought 658,500 shares of Xiaopeng Automobile and 127,000 shares of Weilai Automobile. In addition, Hillhouse Capital has also invested in BYD and Great Wall Motor in the A-share and Hong Kong stock markets. In addition, new energy vehicle production and sales data continued to improve. April production and sales set a new historical record. China Automobile Association recently released data. In April, the production and sales of new energy vehicles were 216 thousand and 206 thousand, up respectively year-on-year. 1.6 times and 1.8 times, set a new historical record again; from January to April, the production and sales of new energy vehicles were 750,000 and 732, 000, up 2.6 and 2.5 times respectively year-on-year. CITIC Securities pointed out that the continuous introduction of high-quality new energy vehicle models has improved the industry's prosperity, and the industry's upward trend is clear. Overseas, the European market has maintained a high boom under the stimulation of new carbon emission regulations and subsidy policies, and the US market is expected to benefit from the support policies of the Biden government to return to high growth. We maintain our judgment in the prosperous year of 2021, and the global new energy vehicles are entering a stage of rapid growth. At this point in time, we continue to recommend seizing opportunities for high-quality targets in the global electrification supply chain. Tram resources