In the past two days, the new energy sector has been wailing. The fuse was that US President Biden's new energy reconstruction bill was blocked. On December 20, US new energy stocks fell across the board.

　　Among them, Lordstown Motors fell 8.15%, Faraday Future fell 9.5%, Nikola fell 7.31%, Rivian fell 7.9%, and Tesla fell 3.5%. Among the Chinese concept stocks, Weilai Automobile fell 6.13%, Xiaopeng Automobile fell 5.56%, and Ideal Automobile fell 5.64%.

　　A shares and H shares were also chilled. H-share Evergrande Automobile fell 10.4%, Geely Automobile fell 2.01%, Dongfeng Group shares fell 4.15%, Ideal Automobile fell 3.52%, and Xiaopeng Automobile fell 3.46%.

　　Among A shares, CATL fell 6.29%, BYD fell 3.04%, Great Wall Motor fell 2.69%, Changan Automobile fell 7.11%, Jianghuai Automobile fell 2.82%, and BAIC Blue Valley fell 4.01%.

　　Chinese and foreign new energy stocks are all green.

　　This is related to the obstruction of the "Build Back Better" bill proposed by US President Biden, which intends to provide significant incentives for the growing electric vehicle industry.

　　According to the plan, electric vehicles can enjoy incentives of up to US$12,500 per vehicle. Since the current pricing of electric vehicles is still much higher than that of traditional internal combustion engine models, this is regarded as a key factor in stimulating consumer demand for electric vehicles.

　　However, on December 19 local time, U.S. Democratic Senator Manchin stated on a TV show that he would not vote for President Biden’s $200 million "Build Back Better" bill. The outside world ridiculed Manchin's attitude: Biden's proposal was rejected by "his own people."

　　Some analysts at Goldman Sachs in the United States predict that because Manchin said he would veto Biden’s bill, the U.S. economic growth next year may be lower than expected.

　　Goldman Sachs adjusted the US economic growth rate of 3%, 3.5%, and 3% originally predicted for the first three quarters of 2022 to 2%, 3%, and 2.75%.

　　"Democrat Manchin is worried about debt and inflation, but it does not involve clean energy. The decline in US new energy stocks mainly reflects the uncertainty of the future of the "Build Back Better" bill and the risk of delay."

　　China Merchants Bank International Securities Co., Ltd. Research Manager Bai Yiyang told Phoenix.com Auto that although both Chinese and American new energy vehicle stocks fell on December 20, there were different reasons.

　　"A-shares may take the opportunity to ship. This year, the new energy vehicle sector, green power and other carbon-neutral sectors have increased significantly. At the end of the year, some of them are needed for security, so they take the opportunity to ship. In addition, from a cyclical perspective Said that it can be seen that the market has divergence on the prices of raw materials next year, especially in the areas of lithium salt and industrial silicon, which has exacerbated short-term market volatility."

　　“The Biden Act’s resistance was the fuse that led to the decline in the US stocks’ new energy stocks, and the inflated stock price bubble was also one of the factors,” said Zhang Xiang, an automotive industry analyst. reason. In addition, the new energy stock price has the characteristics of cyclical fluctuations. But the new energy sector is worth looking forward to in the long run.

　　Another person in the industry said that the leftist's victory in the Chilean election means that mining royalties will be increased, which may affect the operation of lithium resources companies, and the upstream sector has fallen sharply. In addition, due to the increase in capital expenditure plans for the industry’s good profit this year and the acceleration of cross-industry giants’ entry into the lithium battery industry, the market is worried about the balance of supply and demand in the midstream sector and the competitive landscape. In addition to the recent continuous negative information, there may be further suppression of the market. Possibility.

　　On December 21, the above-mentioned stocks of A shares and H shares all recovered to varying degrees. Among them, Evergrande Motor saw the most significant increase, reaching 6.7%, and Xiaokang shares rose 3.5% driven by the launch of new cars on December 23. Ideal Motors and Xiaopeng Motors rose 0.71% and 1.19% in H shares, respectively.

　　Combined with current data, Ideal Auto and Xiaopeng Auto show a completely different state in the U.S. stocks and H-shares. There is a narrative difference between the general decline and the general rise.

　　It is worth mentioning that on December 18, Weilai released new products. ET5 was officially launched. The orders exceeded expectations, which once paralyzed the APP. But this good news did not give enough stimulus to the U.S. stock price of NIO. The heavyweight models failed to regain the successive decline in the U.S. stock market. The data shows that the stock price of Wei came to the United States on December 18, a decrease of 0.23%.