According to CNN, Biden said in his speech that more Americans participated in this election than ever before, with more than 654.38 billion people voting. However, due to the contradictory policy differences between Biden and Trump, the direction of the global capital market has also been marked with a big question mark.
Since Trump took office in February 2007, the Dow Jones Industrial Average has risen by more than 30%. Although not as good as Clinton and Obama's gains, it has maintained the tone of the long-term bull market in the US stock market as a whole. Judging from the current poll data, Biden maintains a substantial lead. If Biden is elected successfully, the US fiscal, taxation, foreign trade and industrial policies will also change, thus affecting the performance of the stock market.
The media also collected and pointed out the differences in taxation, trade and energy between Biden and Trump teams.
In terms of taxation, Biden advocates increasing taxes, and plans to increase the personal and corporate income tax rates and increase taxes on the rich. Trump will continue the 20 17 tax cuts and employment bill, and revealed that there will be further tax cuts in the future. Trump's tax cuts will directly benefit the US stock market. If Biden is elected, it may introduce more economic stimulus policies and increase fiscal expenditure, which will put pressure on the US dollar in the short term and benefit the assets of emerging countries and the RMB. In anticipation of Biden's possible victory, the dollar continued to depreciate in the past few months, and the exchange rate of the dollar against the RMB fell to a nearly two-year low. In the last two trading days, northbound capital flowed into A-shares for over 6 billion yuan.
In terms of trade, Biden advocates alliance pressure and opposes trade protection, while Trump pursues the US priority and trade protection strategy. If Biden is elected, global trade frictions may be eased, which will help boost the confidence of financial markets. In terms of China strategy, both sides adopt a tough attitude, but Biden opposes the use of extreme tariffs and other policies to put pressure on China, and tends to put pressure on "trade policy abusers" such as China through allies.
In terms of energy policy, Biden advocates the development of new energy and clean energy, plans to launch a $2 trillion "Climate and Infrastructure Plan", hopes to rejoin the Paris Agreement, and promises to achieve a clean energy economy of 100% and zero carbon emissions in the United States by 2050. Trump supports the traditional energy industry more. If Biden is elected, it will benefit the global new energy industry. Since the beginning of this year, the new energy indexes of the United States and A-shares have risen sharply, and many new energy ETFs in the United States have increased by more than 100% during the year.
But to this day, the election situation in the American general election is still unclear, and the financial market fluctuates violently with the progress of counting votes. American stock futures fluctuate greatly, and so do gold, crude oil and foreign exchange markets.
On the evening of the 4th, US stocks opened sharply higher. As of press time, the Dow rose more than 560 points, or 2.06%, the Standard & Poor's 500 Index rose 2.67%, and the Nasdaq rose 3.72%. Large-scale technology stocks and new energy automobile stocks were among the top gainers. Among the technology stocks, Apple rose by 2.79%, Facebook by 6.88%, Microsoft by 3.97%, Amazon by 4.38%, Google by 4.03% and Tesla by 1.83%.
165438+1On October 3rd, Wang Xing, founder and CEO of Meituan, posted on his personal account that "the market value of Weilai has surpassed that of BMW".
Wang Xing said that the market value of Weilai on that day was 44.9 billion US dollars, while the market value of BMW was 38.49 billion US dollars, which was converted into 44.8 billion US dollars. Weilai's share price slightly exceeds BMW's. Weilai's market value surpassed BMW, which is a microcosm of the recent surge in the share price of the new car-making forces listed in the US stock market. In addition to Weilai, the share prices of Tucki and Ideality have also risen sharply recently.
"Weilai's market value exceeds BMW?"
It is generally believed in the industry that the stock prices of the above three new forces have risen, in addition to the increase in US stocks, but also benefited from the performance growth rate exceeding expectations this year. Among them, Weilai Automobile's share price rose more than 5% to 37.45 US dollars, and its market value exceeded 50 billion US dollars. Li Gaokai opened 7% to $25.6, with a total market value exceeding $265.438+0 billion. Xpeng Motors rose 8% to $2,465,438 +0, with a total market value of $65,438+$76 million.
Deutsche Bank reported on September 29th local time that Weilai Automobile may become the next iconic automobile brand, and maintain its buy rating on Weilai and its target share price of $24. On June 4th, 165438+ Deutsche Bank raised the target price of Weilai to USD 34.
Recently, Weilai released the delivery data of 2020 10, and the delivery volume of new cars exceeded 5,000 for the first time, up by 100. 1% year-on-year, setting a new monthly record. Among them, in June 5438+ 10, Weilai delivered a total of 5,055 new cars, which was the first time that Weilai delivered more than 5,000 new cars per month, and it was also the first time that the new car-making forces in China sold more than 5,000 new cars per month. In the first ten months of 2020, a total of 365,438+0,430 vehicles were delivered, up by 65,438+065,438+0.4% year-on-year.
Foreign media believe that Tesla may reduce domestic models? The price of Y, because this model will directly compete with Weilai's EC6 and ES6, may affect market sentiment and reduce Weilai's recent orders.
However, Deutsche Bank analyst Edison? Yu also pointed out that at present, the demand for Weilai is in short supply, and the waiting time is as long as six weeks, and this situation may exist for a long time most of the time in 202 1. In addition, Weilai may supply 100kWh battery pack later this month, so the order volume will remain strong.
Edison? Yu believes that with the popularization of pure electric vehicles and the increase of word-of-mouth communication, consumers will know more about Weilai's products and services, and Weilai can occupy a higher share in the high-end market.
Some market participants believe that another reason for the recent rise in Weilai's share price is that it is rumored that Weilai will set up a maritime business. In August this year, Li Bin, the founder of Weilai, revealed the signal to enter the European market, saying that he would start sailing in the second half of 20021year and planned to enter the major global markets by 2023 or 2024.
A few days ago, it was reported that Weilai had made substantial progress in going to sea. At present, an export business team has been set up, and relevant business departments are also in preparation.
Weilai will go to sea from the European market, and the first stop will be Copenhagen, Denmark, mainly promoting ES8 and ES6 models, with a sales target of 7,000 vehicles within two years. At present, Weilai has two R&D centers in Europe, which provides a foundation for its expansion into the European market. The core of Weilai's sea business is service, such as one-click power supply and worry-free service.
Despite the current serious epidemic in Europe, competitors such as Tesla and Weilai's sea business may face severe challenges. However, the global environmental protection requirements for transportation are gradually increasing, and the attention paid by European consumers to the ecological environment is a long-term benefit for Wei. As of press time, Weilai Automobile rose 4.70% to $ 37. 17, with a market value of $ 50. 1 billion.
Many advantages have risen sharply.
Not only Weilai, but also the share prices of Ideal and Tucki have experienced a round of skyrocketing recently.
For the stock prices of the three companies, most brokerage research reports pointed out that the main reason was that the sales growth rate in June 5438+ 10 exceeded expectations again, and the total delivery volume of the three companies in June 5438+ 10 exceeded110,000 vehicles.
Tucki delivered 3,040 vehicles on June 5438+ 10, up 229% year-on-year, reaching more than 3,000 vehicles for two consecutive months. At the same time, the cumulative delivery volume of Xpeng Motors from 1 to 1 this year has reached 17, 1 17, a year-on-year increase of 64%. Among them, Tucki P7, the main high-end model, delivered 2 104 vehicles in a single month.
A few days ago, according to a remarkable survey, the company "Zhaoqing Tucki Co., Ltd." of Xpeng Motors has undergone industrial and commercial changes, with its registered capital changed from 500 million yuan to 654.38+05 billion yuan. Xpeng Motors said that the move was to "insist on continuous investment in self-built self-controlled production capacity".
At present, Xpeng motor has two production models, G3 and P7. Among them, Tucki G3, as the main sales force, has been manufactured by Zhengzhou Haima Factory.
In the eyes of the industry, the OEM model can save the time of building factories and help the new forces achieve the above goals. However, as the new energy market enters the stage of product competition, factors such as industrial chain management and quality control will become more prominent, and the advantages of independent production will gradually emerge. Independent production can also respond to market demand faster and reduce communication costs, so Xpeng Motors will gradually recover the production rights.
However, Xpeng Motors said that Xpeng Motors is still working with Haima.
The shipment volume of ideal month 10 also set a new record. According to the data, in the month of 5438+ 10, Li ONE delivered 3692 vehicles a month. From June 1 to June 1 in 2020, Li ONE delivered a total of 2 1 ,852 vehicles. 65438+1October 3 1 By the end of June, the number of retail centers in Li was 4 1, covering 36 cities.
Although sales have increased, Li's worries are also increasing. For the recent frequent "broken axle" accidents of Li ONE, Li declared at the autumn communication meeting that normal driving will not "break the axle", but the probability of the ball head coming out in a collision accident is indeed higher than that of the same class. At the same time, it also announced the solution, including the early warning function of June 30th 10, to upgrade the ball pin of the lower arm of the front suspension for the owner free of charge.
In this regard, Li Xiang, CEO and founder of Li, said that we admit that there were mistakes and defects in the previous judgment. The industry believes that the "recall" will inevitably affect Li's overall revenue performance this year.
As for the share prices of the three new car-making forces, analysts believe that in addition to the continuous sales exceeding expectations, it is also related to favorable policies.
The "New Energy Vehicle Industry Development Plan (202 1-2035)" recently issued by the General Office of the State Council pointed out that by 2025, the competitiveness of China's new energy vehicle market will be significantly enhanced, and major breakthroughs will be made in key technologies such as power batteries, drive motors and vehicle operating systems, and the safety level will be comprehensively improved. The sales of new energy vehicles will reach about 20% of the total sales of new vehicles.
At the same time, it is necessary to implement preferential tax policies related to new energy vehicles and optimize measures such as classified traffic management and financial services. Promote the scientific layout of infrastructure such as charging, power exchange and hydrogenation, speed up construction, give financial support to the construction of public facilities such as charging piles, and help the development of new energy automobile industry.
However, as the US presidential election enters the final stage, the US stock market will gradually become dull, and the new car-making forces still need to make good performance in products and sales, so as to further enhance the company's popularity and promote the development of the overall industrial chain.
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This article comes from car home, the author of the car manufacturer, and does not represent car home's position.