New energy vehicles, different from traditional fuel vehicles, can be said to be another transformation of automobiles.

In the context of carbon neutrality, the development of the new energy industry is full of strength, and the policy level is also a variety of green light.

Today, we will thoroughly comb the industry chain of new energy vehicles.

Here's a look at the market capitalization of major auto companies as of July 4 and their performance in the secondary market this year:

As the chart above shows, Tesla is still far ahead, followed by the traditional giants of Toyota, BYD and Volkswagen.

Take a look at the market performance of these major car companies.

Many people may be surprised to see the picture above, not to say that new energy vehicles are very popular? Why are so many car companies down so much? Is there a mistake?

Make no mistake, although the market is very hot, but the main car companies, only Changan, Xiaokang, BYD, ideal, GAC these five growth, other car companies are very fierce valuation.

Including Tesla, the secondary market performance this year is also very bad, the stock market is so magical, like Geely, excellent in a very deep background, but exactly this year fell more than 20 percent.

And Tesla, needless to say, the absolute big brother, no matter from which point of view, is several streets ahead of other new energy vehicles, but this year also fell 34%.

There is also Xiaopeng, NIO, Ideal, the three Chinese new stars, although each has its own characteristics, in fact, the three are not very different in essence, but only the hope rose by 25%, Xiaopeng and NIO have fallen a lot.

It can't be said that only "ideal" is excellent and the others are rubbish.

Here is a true illustration of what I have often said before: "Investing is as much an art as a science."

Markets are often irrational and irrational.

But it doesn't matter, investment is a lifetime thing, we need to thoroughly research the company we invest in, if you insist that the company is good, then don't care about the short time up or down, until you feel that the fundamentals of the company has changed, or your view of it has changed.

At this point, the only basis for judgment is to know enough about the company.

Let's move on to a partial summary of policies for 2022:

Policies have a huge impact on both the market and the industry. We have stressed before that if we want to make good investments in the coming years, we must review the 14th Five-Year Plan several times.

Similarly, for the industry corresponding to the company studied, it is necessary to understand the relevant policies of the industry. This is the weather vane, which is much more accurate than the entry or exit of certain organizations.

Above, I just randomly selected a few policies for reference. In fact, there are many. The significance of reference lies in that these policies obviously encourage consumers to choose new energy vehicles.

Then we enter today's topic -- new energy vehicle industry chain: