20230706-德邦证券-欧洲新能源车销量点评_6月销量同环比双升_10页_1mb

报告摘要

Report Summary: European New Energy Vehicle Market Performance (June 2023)

This report provides an analysis of the new energy vehicle (NEV) market in eight European countries for June 2023, highlighting key sales figures, policy changes, and investment insights.

Key Market Performance

Total NEV sales in June 2023 across the eight countries (United Kingdom, France, Norway, Italy, Sweden, Spain, Finland, Portugal) reached 1,630,000 units, representing a year-on-year increase of 380% and a month-on-month increase of 230%. The overall market penetration rate was 237%.

Country-Specific Details

United Kingdom: NEV sales were 445,000 units in June, up 460% year-on-year and 326% month-on-month, with a penetration rate of 251%.
France: Sales hit 513,000 units, showing 515% year-on-year growth and 451% month-on-month growth, reaching a 27% penetration rate.
Norway: NEV sales were 142,000 units (+57% YoY, +193% MoM), with a high penetration rate of 909%, partly due to new taxes introduced in 2023.
Italy: Sales of 137,000 NEVs showed 33% YoY growth and 32% MoM growth, with a penetration rate of 97%, enhanced by increased subsidies from 2023.
Sweden: NEV sales reached 168,000 units (+168% YoY, -42% MoM), with a penetration rate of 592%, following the cancellation of electric vehicle subsidies.
Spain: Sales were 119,000 NEVs (+611% YoY, +143% MoM), with a penetration rate of 118%, under the MOVES III plan for subsidies.
Finland: NEV sales totalled 48,000 units (+839% YoY, -12% MoM), maintaining a high penetration rate of 525% under ongoing subsidies.
Portugal: Sales were 60,000 NEVs (+1088% YoY, +31% MoM), with a 232% penetration rate, bolstered by tax benefits for electric and plug-in hybrid vehicles.

Investment Recommendations

Recommended sectors include: global leaders in battery technology (e.g., CATL, Enphase Energy), secondary lithium battery companies (e.g., BYD, LG Chem), lithium material providers, electric vehicle component suppliers, and innovative automakers like Tesla and NIO.

Risk Factors

Potential risks include industry competition escalation, supply chain disruptions from COVID-19, volatility in raw material prices, and uncertainties in European government policies on NEVs.

展开完整摘要