Huawei's concept stocks, war escalation, and cold weather have all led to the continuation of auto stocks.
Text: "Autobots" Zhang Heng.
For the automotive industry, both product technology innovation and annual sales will reach unprecedented levels in 2023. However, the auto sector in the ** is quite sluggish, especially in the past 8 trading days, 7 days closed down, with a cumulative decline of 518%。
From 3,000 points to 2,900 points, this is the 50th 3,000-point defense battle in the past 16 years. If there is still no obvious ** next week, the Shanghai Composite Index will close in the red for five consecutive months, for the first time since 2004.
The auto sector fell relatively sharply in December, mainly due to the following three reasons:
First of all, Huawei concept stocks**.
It must be admitted that the continuous performance of the automotive sector from September to November has contributed to Huawei's smart car concept. But at present, this is likely to be short-term speculation, a wave of rapid **, which has put investors chasing higher on the mountain.
In the case of Cialis, for example, the stock price has risen more than fourfold since June 2023. In November, it peaked at 99 yuan and began to retrace 16% at a high level.
At the same time, a number of Huawei smart car concept stocks, such as JAC, BAIC Blue Valley, Jiangling Motors, Shenglong Shares, and Ortega, are more intense. JAC once rose to 2182 yuan shares, December 22 and ** to 16$23 shares;BAIC Blue Valley from 489 yuan shares rose to 800 yuan shares, December 22** to 5$85 share ......The sharp drawdown of 20 Huawei concept stocks has led to pressure on the auto sector.
Secondly, the ** war dragged down the vehicle stocks.
* The battle lasted from the beginning of the year to the end of the year. In December, nearly 20 car companies started to cut prices**. A number of car company executives said that the main theme of the auto market in 2024 is still the first battle. Since I don't know how much the price of the car will drop, the bulls don't dare to be blind.
BYD began diving at the end of November, and in a month it has fallen from 240 yuan to a minimum of 182 yuan shares. The stock prices of other leading car companies that followed the price cuts also suffered heavy losses, with the market value generally shrinking by 15%, and some even exceeding 20%, driving the auto sector to continue in December**.
Again, cold weather affects new energy vehicles**.
The cold wave weather is coming, new energy vehicles are also ushering in the "big test", the pain point of "shrinking" mileage has caused car owners to be anxious, "slow charging, fast power failure" and "electric dad" have become high-frequency words on the Internet.
Although the power battery has gone through many rounds of iterations, the endurance at low temperatures is still not satisfactory to consumers. As a result, the automotive sector has also been in sync with the cold wave without resistance**.
There are only 6 trading days left in 2023, and the overall atmosphere of the A** field is still sluggish. The three reasons mentioned in the article are difficult to change in essence in the short term, and with cautious funds at the end of the year, the trend of auto stocks may have been determined. However, we should not ignore the fact that China's auto industry has made remarkable achievements in technological innovation, and that the cyclical changes in global currencies will also bring new opportunities to the auto industry. 【Copyright Notice】This article is the original manuscript of "Autobots", and it is not allowed to be unauthorized **.