The logic of investing in high-tech fields is very different from the logic of investing in traditional industries. The former has higher risks and huge returns.
China’s new energy automobile industry is a typical example. In the melee and involution of the industry, there are not a few people who have lost their boat. For example, Changjiang Automobile invested by Li Ka-shing entered the stage of bankruptcy liquidation in 2020. In the second half of 2017, Li Ka-shing disappeared from the list of the top ten shareholders of Changjiang Automobile.
Weimar Automobile invested by Li Ka-shing was once considered as one of the representatives of the new forces in car making, but now it has also fallen behind. The data shows that in 2022, the sales volume of Weimar Automobile was less than 30,000.
Relatively speaking, Weilai Automobile and Xpeng Motors invested by Zheng Zhigang still have their own advantages in the market. Since 2023, Weilai and Ideality have both encountered difficulties, but judging from the recent sales data, both of them are recovering. In May, 2023, the sales volume of Weilai automobile was 6,155, and that of Xpeng Motors was 7,506, both of which entered the top 10 in the sales list of new energy vehicles. At present, the market value of Weilai Automobile is US$ 13.2 billion, and that of Xpeng Motors is US$ 7.4 billion.
Of course, even so, people can’t forget the moment when the life of Weilai Automobile hangs by a thread in 2019 — — The scene at that time scared off many investors in the new energy track.
Hong Kong capital has gradually realized that there is great uncertainty in high-tech investment. For example, in the case that the competition in the field of new energy automobile manufacturing in China tends to be fierce, it is difficult to assert which automobile factory will eventually become a big winner.In this case, they began to favor industries that provide "water supply" services for high-tech fields, such as charging service tracks. After all, investing in new energy infrastructure is more certain.
In foreign countries, the charging service track is being highly valued. One of the reasons is that the number of new energy vehicles has increased rapidly, but the overall charging infrastructure is backward. According to the data of SP&Global and Statzon, in 2022, the number of public charging piles in Europe and the United States will be about 480,000 and 140,000 respectively, and the corresponding ratio of public vehicles to piles will be about 15:1 and 22:1 respectively, so there is still much room for improvement. For this reason, charging pile operators such as ChargePoint are optimistic about the market.
The same is true in China. According to Macquarie data, in the past five years, the number of public charging piles installed in China has increased from 300,000 in 2018 to 1.3 million in 2022. By 2030, this number may rise to 26.3 million, with a compound annual growth rate of 46%.
At present, the public charging service providers in China can be divided into three categories: asset-based operators, aggregated third-party charging service providers and vehicle charging operators. TELD is the representative of asset-based operators. Energy Chain Smart Power is the representative of the aggregated third-party charging service provider. Tesla and Weilai are representatives of car charging operators. Undoubtedly, among the above three types of public charging service providers, the aggregated third-party charging service provider such as Nenglian Zhidian is most in line with the standard of "water supply".
At this moment, China’s leading charging service enterprises are chosen as the incision to enter the charging service track, and the vision of Hong Kong capital can be described as old and spicy.
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