November 3, 2009, Chinese Premier Wen Jiabao technology conference in the capital, up to 12,000 words by the speech made for the strategic new industry explained in detail. According to his speech, strategic new industries will include the new energy, energy saving, electric cars, new materials, new pharmaceuticals, biotechnology and information industries seven breeding industry. New material impressively angry. Many new materials industry is the basis for development and progress of the industry and the pilot, its important role in self-evident. The new materials industry both now and in the future, will be the focus of attention of capital market continues to one of the areas. Everything looks very smug, s heart, but in fact investment opportunities in the new materials industry is not easy to grasp. This is mainly because of the wide variety of new materials, industrial all-inclusive, and the related areas of listed companies by scattered, many to be the concept of speculation, is a typical big risks yield big investments.

So how do you dig the new materials industry of investment opportunities? To the author's research experience, be sure to select the prospects for future development and growth in a large space, and a nice size plate to be concerned. We believe that the new energy battery and battery materials is worthy of sustained attention plate is one plate.

Buffett stake in BYD

Opened the curtain of new energy acer travelmate 4200 battery speculation

September 27, 2008, "stock god" surprise Buffett bought shares of BYD. Stimulated by this good news, BYD Hong Kong stocks plummet at the time the case of adverse economic or come once a day to close at 11.9 Hong Kong dollars, an increase of up to 41.67%, 7.90% rise the next day, October 2 and then rose 23.83%. "Stock god" investment habits are not voted do not see things, things that do not vote in the future. "Stock god", has also said not to invest with wheels. So this "stock god" in the end is why change it? Is said to "share God" is fancy BYD's new energy battery and automotive business only made the unusual investment operations. Stimulated by the news, A-share market in the battery-listed company with core business Desai battery (000 049), Section power far (600 478) the first start, then with the battery business-related, in the industrial chain related to different aspects of listed companies shall sound the sky. Battery material plate speculation since then opened the curtain, the heat remains undiminished today.

To understand the cell plate would deeply understand the frenzy of new energy vehicle development in China need to Caixing. For the following points must be considered in China to develop new energy vehicles: (1) increase our energy security; (2) reducing the pressure of carbon emissions; (3) energy storage and to reduce electric energy waste grain; (4) to seize the commanding heights of the economy car requirements. At present, China has begun the development of new energy vehicles have the resources, technology and market fundamentals. Developed the traditional auto industry is just developing the advantages of new energy vehicles can more easily move forward with ease. In general, the development of new energy vehicles in China is not only necessary but also feasible. As car ownership in China's huge potential for growth, and new energy vehicles a piece of "cake" of the great self-evident, and its potential investment opportunities naturally been concerned about capital market.

Battery is a new energy vehicles "heart"

Battery, motor and electric control system is the key to new energy component of the three vehicles. One battery is the most critical aspect of new energy vehicles can be said is that the "heart." Battery life, performance, cost and security are invariably a profound impact on the promotion of new energy vehicles. In the new energy automotive industry chain, vehicle manufacturers tend to manufacturers, difficult to obtain high profits. As the battery industry chain in the important position of power and battery manufacturers will no doubt be in the era of new energy vehicles profitable. This is also the battery industry root cause of concern. In fact, the new energy vehicle development is the restrictive step is that the battery material and battery technology is still not mature. As the battery power pack is expensive, but car ownership in China and sold great, so the battery industry chain is huge potential for growth. This is also related to cell stocks were the main reason for blitz and was optimistic. For now, the development of new energy vehicles are still in a multi-cell development go hand in hand into the stage. At present, the parallel development of lithium ion battery main power battery, nickel hydrogen battery and fuel cell three categories.

Lithium-ion battery:

At present the most promising battery

Since large-scale commercialization of lithium-ion battery has, by virtue of its excellent performance, constantly conquering a city, is now firmly holds the second battery of high-end market. The positive and negative materials, the development of the situation a hundred flowers blossom and excellent performance makes lithium ion batteries as the most promising green secondary battery. Lithium-ion battery technology advances quickly, battery cycle life of more than 1,000 times the cost per kilowatt-hour battery has less than 3,000 yuan. If the electric car with 24 kwh battery pack, a charge driving range of greater than 200 km, lithium electric car in 10 years costs about 10,000 yuan. Conventional fuel vehicles in at least 10 years of fuel costs 80,000 yuan. The use of lithium-ion battery, even if you replace the battery in 10 years, using the cost to spend 72,000 yuan, a total of 82,000 yuan. The use of two cars cost the same, and that the battery pack down there for the initial capacity of 70% to 80%, can be used as a static storage. This is also the present and the concept of detached lithium stocks have been stir-fried the main reason.

At present the development of ibm thinkpad 600e battery shows the situation in several directions simultaneously. The main differences is the direction of the cathode material used in the different. In all lithium battery cathode materials, materials suitable for use as the main power batteries are lithium manganese oxide, the three elements of three kinds of materials and lithium iron phosphate.

Internal lithium battery cathode materials listed companies related to mining in Tibet (000 762), Shanshangufen (600 884), CITIC Guoan (000 839) and China Baoan (000,009), etc.. Among the major mining in Tibet has advantages of upstream raw materials. Zabuye Salt Lake company has (proven reserves of over 2 million tons of lithium carbonate) 20-year mining rights.

CITIC Guoan's holding company, CITIC UNITA solid profit company since 2002, has undertaken a "lithium ion battery cathode material - manganese lithium industrial technology development," "pure electric vehicle lithium-ion battery industrialization of R & D" and other major projects. CITIC Guoan also has the development of lithium battery materials, resources, development and production of Qinghai national security is the key raw materials, lithium battery cathode material of lithium carbonate. Although the company's production of lithium carbonate is also only a few thousand tons, but the company's design capacity of 25,000 tons / year, potential for future development.

Shanshangufen has been built from the anode material to cathode material, to the electrolyte of a complete system. In the cathode material, the company has become the largest in the world's third-largest supplier of cathode material. Has now mastered the Preparation of lithium iron phosphate.

China Baoan has begun to play a complete battery materials caused by the industrial chain. Company is the cathode material lithium iron phosphate standard setters. Bei Terui the company holding 55% of the company cathode material lithium iron phosphate production has reached 1,500 tons / year, holding 75% of the ternary Tianjiao company's main cathode material in 2008 the first domestic home sales and market share up to 30% ~ 40%.

In addition to cathode materials, anode sony vgp-bps13 battery, a lower proportion of total cost of lithium batteries. Carbon materials is a common anode material. Domestic carbon negative electrode materials industry, the top three companies in Shenzhen Bei Terui, Shanghai Shanshangufen, long sand sea capacity, fully able to meet the needs of the domestic market. Baoan, Shenzhen Bei Terui is holding 55% of the subsidiary, is the lithium battery carbon anode material standard setters, the carbon anode material production capacity is 6,000 tons / year, 80% market share, ranking second in the world. Shanshangufen is the first production CMS (mesophase carbon microbeads) of the domestic manufacturers, the current annual capacity of 1,200 tons. In artificial graphite and natural graphite anode materials such as carbon system has a strong field strength. As the carbon anode material for Department of relatively mature technology, the domestic production capacity is relatively large, its profitability is not strong, not the restrictive part of the development of lithium batteries.

Lithium battery electrolyte performance is another important influence material, accounting for about 12% of the cost of lithium batteries. Which lithium hexafluorophosphate is the core of the electrolyte materials, accounting for about 50% of the cost of the electrolyte. As the production of technical difficulty is very high in the international arena from the east electrochemical industry, SUTERAKEMIFA, Morita Chemical and several Japanese companies monopoly. Tianjin, China currently only has 80 tons capacity Taurus, and all for personal use. Jiangsu Guotai (002 091) owned Huarong Chemical is currently the largest and highest grade of lithium battery electrolyte product manufacturer. The company is building, "300 tons of lithium hexafluorophosphate project." Shanshangufen their Dongguan electrolyte Shanshan is the second largest producer, currently has an annual capacity of 1,500 tons of electrolyte around. Current world market supply and demand balance of electrolyte and cathode material, are primarily relying on the stock lithium battery market, the market depends on the next increment of power lithium battery market.

NiMH battery technology is mature

At present, most of the market of hybrid NiMH batteries in use as auxiliary power. On the current secondary battery materials and battery technology development stage, the car used in the HEV battery, the nickel-hydrogen battery technology remains the most mature and best overall performance, although the lithium manganese oxide and lithium iron phosphate Lithium-ion battery cathode materials such as technological advances make lithium-ion battery in the new energy vehicles in the field of application of the most promising, the short-term application of lithium-ion batteries are still in the research to the market introduction phase, but also stand large-scale commercial test. So in the next 3-5 years, nickel-hydrogen batteries will continue to occupy certain markets. Although the long term, nickel-hydrogen battery room to grow smaller, but the short term, there is still some potential for development, the moment of high (600 872), Section power far and other related companies are still cause for concern.

Fuel cells are more long-term option

Fuel cell (fuelcell) is a chemical acer aspire 9410 battery, which is a chemical reaction of substances released directly into the energy of a class of battery power. Specifically, the use of water solutions of the reverse reaction to generate electricity, so can be called a "generator." Advantages of fuel cells are: (1) reaction products of water, can achieve zero pollution, is the real green pollution-free energy; (2) energy conversion efficiency, the theoretical energy conversion efficiency up to 90%; (3) high reliability, no spark, low noise and no need to charge; (4) high specific energy or specific power; (5) adaptability.

Investment Strategy

Prospects for the development of new energy vehicles although promising, but its development is also affected by battery price, security, inadequate infrastructure and other conditions, the short term is difficult to start a large scale. Therefore, development of the industry is mainly driven by national policy to develop. Can be said that although the bright prospects for the industry, but its path of development will not happen overnight. Therefore, investment opportunities in the battery plate material is the policy of the transaction more of an opportunity. Plate of each round of speculation and the state have promulgated policies to be relevant. Far, China has the electric vehicle industry as a strategic emerging industries, and the "new energy vehicle development plan" has also been reported to the State Council. In addition, the state also is likely for the average consumer to buy new energy vehicles for the development of new energy vehicles subsidies and infrastructure planning. These policies have been introduced or introduced or will be expected to bring opportunities to the battery plate material.

So how to choose the investment target plate and intervention time? In terms of investment subject to best meet the following five conditions: (1) advanced technology, high-end product bias; (2) the size of obvious advantages; (3) the results are more assurance; (4) equity small, flexible large; (5) effective and transparent corporate governance. Investment opportunity to seize the best do your homework in advance, ahead of the layout, band operation, avoid blind and impulsive, but also pay attention to the market original dell d5318 battery risk. But now the stock-related gains have been considerable, in occasion of the forthcoming policies, we suggest that investors should be cautious.