不同的态度！ 高house美国股市清算股，新造汽车反手购买比亚迪有什么信号？ _东方财富网

原标题：不同的态度！ 高house美国股市清算股，新造汽车反手购买比亚迪有什么信号？ （附于高house新能源投资图）

概括

[Differentattitudes!HillhouseUSstocksclearingstocksnewcar-makingforcesbackhandtobuyBYDwhatsignal?AfterTesla’sstockpricecontinuestohitnewhighsthenewenergyvehiclesectorhasreceivedextremelyhighattentionintheglobalstockmarketHoweverafterthestockpricehassoaredtheinvestmentvalueofrelatedlistedcompanieshasalsotriggereddisputesamonginvestorsAsawell-knowninvestmentinstitutioninthemarketHillhouseCapitalrecentlyadjusteditsinvestmenttargetsfornewenergyvehiclesinChinaandtheUnitedStateswhicharousedmarketattention

inTeslaAfter the stock price continues to hit new highs, the new energy vehicle sector has received extremely high attention in the global stock market.But after the stock price soared, related listingsthe companyThe value of investment has also caused controversy among investors. As a well-known investment institution in the market, Hillhouse Capital recently adjusted its investment targets for new energy vehicles in China and the United States, which aroused market attention.

　　Hillhouse liquidation of three new U.S. stock car manufacturers

On February 13, local time, Hillhouse Capital traded in the US securitiesCommittee(SEC) announced the position of US stocks at the end of the fourth quarter of 2020. Statistics show that Hillhouse holds 95 companies in the US stock market with a total market capitalization of US$12.5 billion. Chinese concept stocks still occupy a strong position. Pharmaceuticals, hard technology, cloud computing, and consumption are still key investment industries.But it is worth noting that Hillhouse liquidated its holdings of Chinese-funded new energy vehiclesWei Lai, Xiaopeng and ideal holdings.

Data show that as of the end of the third quarter of 2020, Hillhouse Capital heldIdeal carAbout 1.6 million shares,Wei LaiAbout 2.41 million shares,Xiaopeng MotorsAbout 900,000 shares. As of the end of the fourth quarter of 2020, Hillhouse Capital no longer holds equity in the three new energy vehicle companies.

From the perspective of investment time, Hillhouse isWei LaiOne of the first six founding investors in automobiles. In 2015, in the Series A financing of Weilai Auto, Hillhouse Capital led the investment of US$100 million; Hillhouse Capital continued to invest in the C and D rounds. In September 2018, Weilai landed on the New York Stock Exchange, Hillhouse holds 7.5% of its shares, which is Weilai’s third largestshareholder. However, in the third quarter of 2019, Hillhouse Capital began to reduce its holdings in Weilai. In the fourth quarter of 2019, Hillhouse Capital officially liquidated Weilai and no longer held its shares. However, as the share price of Weilai came out of its trough, Hillhouse Capital rebuilt its position in the third quarter of 2020. According to the report in the fourth quarter of 2020, Weilai will be liquidated again.

July 30, 2020Ideal carOfficially atNasdaqIt was listed and became the second domestic new car maker to be listed in the United States.Hillhouse is through subscriptionNew crotchWays to participate in the ideal IPO. After the ideal listing, Hillhouse holds 3.34 million shares, with a shareholding ratio of 0.2%.

Hillhouse Capital is inXiaopeng MotorsBoth the B round and C+ rounds of financing have participated in investment. Listed in August 2020,Xiaopeng MotorsListed in the United States, Hillhouse holds 1.83 million shares, with a shareholding ratio of 0.13%.

From the perspective of investment time, the stock prices of the three new car-making forces have all seen a sharp rise in the fourth quarter of 2020, and Hillhouse’s investment returns are very impressive.

　　Hong Kong stocks participateBYDH shares fixed increase

According to recent market rumors, Hillhouse Capital spent US$200 million (approximatelyRMB1.3 billion) participationBYDThe latest round of fixed increase in shares.” On February 18,BYDSharesBrandAnd Li Yunfei, general manager of the public relations business department, confirmed that Hillhouse Capital has spent US$200 million to participate in BYD’s latest round of fixed increase.

As the new round of BYD’s H share increase has not been disclosedannouncement, So fixed increaseprice, Participating institutions, etc. are still unknown, but from the previous roundAllotmentIn terms of the issuance situation, based on the placement price of HK$225.0, approximately 6.67 million shares can be accepted for US$200 million.

　　A-share layout of new energy vehiclesindustrychain

In addition to investing in new energy vehicle brands, Hillhouse is also actively deploying in A sharesIndustry chainUpstream.

July 18, 2020, the leading lithium batteryNingde eraIssue a report on the issuance of non-public sharesAdditional issuanceThe market price is 161 yuan, 122 million shares are issued, and 19.7 billion yuan is raised.Among them, Hillhouse Capital subscribed for 10 billion yuan, and Zhuhai Hillhouse Suicheng Equity Investmentpartnershipenterprise(Limited Partnership) subscribed for 600 million yuan.

September 2020, lithium battery diaphragm leaderEnjie sharesAnnounced the allocation list of 5 billion fixed increase, two private equity related to Hillhouse Capital, Tianjin Liren Investment and Zhuhai Hecheng Equity InvestmentPartnership(Limited Partnership) were allocated 900 million yuan and 600 million yuan respectively.

　　Investment opportunities in the new energy vehicle sector

According to data released by the China Travel Association, in January 2021, the sales of new energy vehicles showed a high start. The retail sales of new energy passenger vehicles in January was 158,000 units.YoYAn increase of 281.4%, a month-on-month decrease of 23.9%; wholesale sales of 168,000 vehicles, +290.6% year-on-year, an increase of 20.5% month-on-month. Among them, the new forces of car manufacturing contributed a lot to the year-on-year increase in the sales of new energy vehicles in January. Weilai Automobile sold 7,225 in January, an increase of 352.1% year-on-year.Ideal carThe sales volume was 5,379, a year-on-year increase of 355.8%, and the sales volume of Xiaopeng Motors was 6,015, a year-on-year increase of 470%. BYD sold 19,871 new energy models in January, an increase of 183.1% year-on-year.

　　Guotai JunanSecurities Research InstituteAutomobile industrychiefAnalystWu Xiaofei believes that in 2021 the entireAutomobile industryBecause the automobile is in an era of great changes in the industry, there will be many sustainable long-term opportunities from the perspective of new energy or intelligence. These opportunities are mainly divided into two directions: one is passenger vehicles, especially Is in the process of rapid advancement of autonomy, new energy, and intelligence,PerformanceThere is a relatively large room for improvement in terms of valuation and valuation; the second is in the field of parts, which is also divided into two parts, one is the technology field related to automotive electronics, the other is ChinamanufacturingExitRealize the replacement of the global industrial chain.

　　Zhongtai SecuritiesThe 2021 new energy vehicle investment strategy report pointed out that in 2021, the global electric vehicle sales will begin to enter a new 2.0 era, China and the United States will return to high growth, and European carbon emission binding remains strong.along withsupplyThe end has entered a positive cycle of competition for high-quality electric smart models, and the development of the industry is getting closer and closer to the inflection point of spontaneous demand explosion, from linear growth to J-shaped growth. Global sales of electric vehicles are expected to be 4.58 million in 2021, a year-on-year increase of 50%+.From the perspective of investment opportunities, as demand has reached a critical point,ChangheCycles may dance together, while intelligence will accelerate. Therefore, investment opportunities for growth, cycle and reshaping in the sector are more blooming.

(Source: Securities Times Net)

(Editor in charge: DF515)