SMM March 19 News: On the morning of March 19, the auto parts sector surged rapidly during trading, with the index reaching an intraday high of 43,460.7, marking a record high and achieving a four-day consecutive rise. Among individual stocks, Shunyu Precision surged over 18% at one point, while multiple stocks such as Far East Transmission, Dong'an Power, Huapei Power, Xuelong Group, and Xiangyang Bearing followed suit with gains.
In terms of news, recently, several well-known automotive industry chain companies announced major moves. On March 17, NIO and CATL signed a strategic cooperation agreement to build the world's largest and most advanced passenger car battery swapping service network. They also agreed to collaborate deeply on industry technical standard unification, capital, and business levels. According to the agreement, CATL will support the development of NIO's battery swapping network and is advancing a strategic investment of no more than 2.5 billion yuan in NIO Energy. Both parties will deepen the sharing of the battery swapping network and promote the popularization and upgrade of battery swapping services based on unified battery standards.
Following the announcement, NIO's stock price surged over 16% intraday but pulled back near the close, ultimately closing up 8.95% yesterday.
On the same day, BYD unveiled its Super e-Platform and megawatt flash charging technology, achieving "five minutes of charging for a driving range of 407 kilometers," which is 107 kilometers more than the current standard driving range of 300 kilometers. Stimulated by this positive news, BYD's stock price hit a new high today, reaching an intraday peak of 399 yuan per share, surpassing the historical high set in the previous trading session.
Huatai Securities pointed out that on March 17, BYD launched the "Super e-Platform," becoming the world's first mass-produced 1,000V high-voltage platform for passenger cars. The company also introduced megawatt flash charging technology, which reduces the internal resistance of flash charging batteries by 50%, achieves a maximum charging current of 1,000A, and a charge rate of up to 10C, enabling a driving range of 2 kilometers per second of charging. Huatai Securities speculated that the realization of this technology requires integrated technical upgrades in batteries, vehicles, and charging piles, driving incremental demand in areas such as carbon-coated materials, thin coating equipment, silicon carbide, high-voltage protection components, and liquid-cooled ultra-fast charging piles. BYD's new technology release not only enhances its competitiveness but also sets a demonstration effect, further advancing the high-voltage ultra-fast charging industry trend.
Additionally, Xiaomi Group released its 2024 full-year and Q4 financial data on March 18. It reported a total revenue of 365.9 billion yuan in 2024, up 35.0% YoY, and an adjusted net profit of 27.2 billion yuan, up 41.3% YoY. The automotive business was the biggest highlight for Xiaomi Group in 2024. Its Xiaomi SU7, which was just launched in March 2024, achieved a delivery volume of 136,900 units for the year, with an average unit price of 234,500 yuan and a cumulative total order volume exceeding 248,000 units. Following the launch of the Xiaomi SU7 Ultra in 2024, it garnered significant attention, with initial orders exceeding 10,000 units. Driven by these strong sales, Xiaomi Auto raised its annual delivery target from 300,000 units to 350,000 units.
Pacific Securities stated that after a three-year downturn, the NEV industry has now entered a major bottoming phase. The industry's overall unit profitability is at a historical low, capital expenditures have significantly decreased, and capacity is beginning to be cleared. These phenomena indicate that the EV industry chain has reached a critical bottoming layout phase. Looking ahead to a new cycle, intelligence is expected to be the core driver of EV product competitiveness, new technologies are likely to reshape the competitive landscape, and the expansion of overseas markets will open up upward opportunities for the new cycle. They are optimistic about the opportunities brought by the bottoming of upstream and midstream sectors and the start of a new cycle in downstream sectors.
Among the many auto parts stocks hitting their daily limit, Xiangyang Bearing has achieved an impressive record of nine limit-ups in 14 trading days after hitting its daily limit today. However, Xiangyang Bearing's strong performance is less related to the auto parts sector and more due to its inclusion in the humanoid robot concept stocks, leading to frequent limit-ups. As a result, the company issued four abnormal stock trading fluctuation announcements between March 3 and March 19. In its latest announcement, Xiangyang Bearing stated that the company primarily engages in the production, research, sales, and related businesses of automotive bearings and components. Its main products include automotive bearings and constant velocity universal joints, making it one of the leading specialized production sites for automotive bearings in China. As of now, the company has no market applications for robot bearings. The company's stock price has risen significantly in the short term. Investors are advised to pay close attention to the company's risk warnings, be mindful of secondary market trading risks, make rational decisions, and invest cautiously.
It is reported that on March 19, the National and Local Co-Built Embodied Intelligent Robot Innovation Center is set to release a milestone general embodied intelligence platform called "Gewu." At the same time, the National and Local Co-Built Humanoid Robot Innovation Center Open Fund will also be launched. At the Sichuan Province Artificial Intelligence Industry Chain Landmark Product Launch Conference, products such as the Kuafu Humanoid Robot and the Zhuge Large Model were unveiled, further injecting vitality into the robot concept sector and driving multiple robot concept stocks to hit their daily limit during trading.
