March 20 in our new energy automotive industry to determine the depth of the report: the release of global liquidity, China’s strategic reserves, and OPEC’s production will be postponed to the high crude oil prices to 60-80 dollars, the equilibrium price of 70 dollars. The current oil price has reached that goal, and short-term crude oil prices, we believe that there is a certain callback request, the short-term new sources of energy to drag the performance of the automotive industry.
At present, Japan is the driving force for car battery research and application of the most advanced countries, and is currently Japan’s major car and battery car companies are to invest in lithium-ion power battery production line, to concentrate production in 2010-2011. Fuji economic view, lithium-ion battery will begin in 2011 to replace the nickel-metal hydride batteries, lithium-ion battery technology as the mainstream of the next line of no doubt. A unit of current in high-Ju (600,872) in 2010 and 2011, respectively, of its nickel-metal hydride battery production line expansion, we believe that its future is facing a greater risk of investment recovery.
Currently on the market mainly lithium-ion hp pavilion dv2000 battery and new energy sources linked to the automotive industry, we believe that the lithium-ion batteries as the solar and wind power generation, energy storage device has an enormous potential market, the current binbin stock(600,884), BYD (HK1211 ) and the A123 has been in the United States launched a study in this area.
At present, lithium-ion automotive battery manufacturing enterprises difficult to achieve the majority of products require vehicle manufacturers, and electric control system due to lack of relevant technologies in the domestic enterprises can hardly compete with foreign manufacturers. Chinese enterprises in terms of resources and materials technology in the global industrial chain of distribution has a comparative advantage, we believe that investment in lithium-ion hp presario v2000 battery materials business is the best strategy.
A Unit is currently involved in the production of lithium-ion battery materials is mainly binbin stock (600,884) and China Baoan (000009). We in the industry chain, product and customer three aspects of the system compared to the two companies, we believe that the core of competitive advantage has binbin stock, lithium-ion battery industry is the first choice for investment.
State of the new energy automotive industry follow-up more support policies, we believe that the new toshiba satellite m115 battery energy automotive industry will be the investment theme throughout the year. Japan Securities Co., Ltd.