In 2015, new energy vehicles maintained a high growth trend. Data shows that in 2014, the production and sales volume of new energy vehicles were 78500 and 74800 respectively, with a year-on-year growth of 3.5 and 3.2 times. In 2015, new energy vehicles continued to grow strongly. According to the statistics of the Ministry of industry and information technology, from January to July 2015, the cumulative production of new energy vehicles was 98900, up three times year-on-year. Among them, the output of pure electric vehicles is 43000, double the year-on-year growth, and that of plug-in hybrid passenger vehicles is 26100, four times the year-on-year growth. According to the sales volume of new energy vehicles in the second half of 2014 is three times of that in the first half of 2014, it is estimated that the number of new energy vehicles will reach 300000 in 2015.

The policy continued to increase the code to promote the rapid development of new energy vehicles. 2014 is the "first year" for the development of new energy vehicles, with frequent policies, clearly proposed new energy vehicle target planning, incentive policies and government procurement standards. In 2015, the national policy continued to increase, and new energy vehicles ushered in the "blowout period". In February, the Ministry of science and Technology issued the "key special implementation plan for new energy vehicles under the national key R & D plan", and established a sound electric vehicle power system technology system and industrial chain. In May, the State Council issued "made in China 2025", in particular, it was proposed that in 2020, the production and sales volume of new energy vehicles of independent brands in China will exceed 1 million, and by 2025, the production and sales volume of new energy vehicles will reach 3 million. In addition, it is reported that the development plan of electric vehicle charging facilities is about to be implemented, and it is expected that the central policy will subsidize 30% of the investment amount of charging facilities. At that time, the "central + local" subsidy amount in Beijing, Shanghai and other cities will reach 45% - 60%, greatly promoting the construction of new energy supporting facilities, and solving the key bottleneck of the development of new energy vehicles.

Industry rating: recommended. With stable growth becoming the focus of policy in the second half of the year, new energy vehicles are expected to become the field strongly supported by the state, and the high-speed growth trend may exceed expectations. With the explosive growth of electric vehicle industry, the field of lithium battery materials is expected to become a new investment hotspot. We recommend leading material companies with core technology: lithium battery separator: Cangzhou Pearl (002108), Nanyang Technology (002389), electrolyte: new Zebang (300037), lithium salt: Tianci material (002709), and polyfluoro (002407).