The U.S. presidential election, which has recently stirred up nerves in global markets, has finally come to an end.

If nothing else goes wrong, Democratic presidential candidate Joe Biden will move into the White House and win the office of President of the United States. Trump, the "knowing king", will no longer be able to govern the country on Twitter.

Although this election is more like a "show" to the Chinese people, at the political level, the transition between Biden and Trump involves many changes in political opinions.

So, for the automobile industry, what impact will Biden’s election have?

Benefiting the global new energy environment. According to its campaign promises, the U.S. government may once again work to tighten vehicle emission controls and encourage the development of electric vehicles. This is different from the outgoing Trump administration and will bring benefits to new energy vehicle companies.

, bringing pressure to traditional car companies.

In mid-July, Democratic candidate Joe Biden announced a $2 trillion “green recovery” plan—to promote U.S. investment in clean energy and infrastructure, the New Deal plans to invest $2 trillion over the next four years.

dollars to improve the clean energy profile of the transportation, power and construction industries.

This includes investing in 500,000 electric vehicle charging stations and proposing cash subsidies for trade-in of old vehicles for new ones, targeting consumers who switch from fuel vehicles to electric vehicles.

These plans may benefit electric car companies and car companies that are about to embark on large-scale electrification, such as Volkswagen, which is about to start production of the ID.4 in the United States.

At the same time, Biden stated that this "Green New Deal" will also help the US government create new economic opportunities, improve the country's aging infrastructure, and respond to future climate crises.

Although the current investment scale of this plan is only US$2 trillion, once Biden is elected, it will inevitably attract more funds to invest in environmental protection projects.

Therefore, the total global investment in environmental protection is expected to reach US$7 trillion.

In addition, if the "Green New Deal" is implemented, the emission regulatory standards that were canceled by Trump will be reinstated, and the standards will only be stricter than before.

This result is undoubtedly a major benefit for the electric vehicle industry - it has inspired the U.S. auto market to shift more focus towards electric vehicles and away from internal combustion engine pickup trucks and sports utility vehicles.

If Biden wins the White House, the United States will return to the Paris Agreement, and countries will pay more attention to climate response, which will strengthen global coordination and cooperation and provide my country with greater room for growth. The country continues to benefit the photovoltaic, wind power and new energy vehicle sectors.

What is the impact of the general environment on the stock market? With Biden being elected as the 46th President of the United States, his grand new energy policy blueprint is expected to be implemented.

Of course, his election will also have a beneficial and positive side to China, and it will also have a certain impact on China's stock market. The currently hot new energy vehicle sector is enjoying a collective carnival.

According to the review, US stocks with new energy vehicle concepts represented by Tesla, General Motors, Nikola, NIO, Xpeng Motors, Li Auto, etc. have performed outstandingly since the election.

In particular, the three Chinese concept stocks that have also been stimulated by the new policies in the domestic new energy field have seen their stock prices reach new highs, and their company market value has also ranked among the top positions among global car companies.

Returning to domestic A-shares, the "New Energy Automobile Industry Development Plan (2021-2035)" was officially released some time ago, which pointed out that by 2025, domestic new energy vehicle sales will reach 20% of total automobile sales.

It has also stimulated a sharp increase in the entire new energy industry chain. The most prominent ones are BYD, CATL, Guoxuan Hi-Tech and other upstream and downstream enterprises in the industry chain.

The stocks of various new energy vehicles have soared, and the stock prices continue to hit record highs. This has a lot to do with the landing of the boots.

A person from the securities industry said, "In the domestic market, the low valuation of new energy and new energy vehicle industry chains and domestic consumption still deserves attention. And the certainty of demand growth for new energy vehicles next year has emerged, so the current sector's

The high valuation is expected to last for a long time. "Cui Dongshu, secretary-general of the Passenger Car Association, also pointed out that China's development of new energy vehicles will help promote the sustainable development of China's related industrial chains and form a strong industrial chain for new energy vehicles and new energy batteries.

China layout and implementation.

According to Xingye’s latest grassroots survey, the production scheduling data of the industrial chain in November also proves this point.

In addition, the entire automobile industry chain has also entered a strong recovery stage, with promising sales data.

Due to the epidemic, public travel has been restricted, which has also increased people's demand for private cars, so the recovery of the automobile industry will continue in the future.

If Biden is elected as the President of the United States, he will return to the Paris Agreement and take promoting the implementation of emission reduction targets, environmental justice and clean energy as his own responsibility, marking a 180-degree turn in the US policy towards the new energy industry.

Its positive impact lies in emerging industries, new energy vehicles related to climate issues, etc.