汽车行业2021年年度策略报告：坚定拥抱电动化浪潮，掘金细分赛道.pdf

/ 2020/11/24 S1100519090001 huangbocczq S1100520070001 zhangtiannancczq 28 15 100034 1000 11 200120 6 32 518000 177 B 17 610041 2021 42.42% 5 10 10% 1-10 420 20.92% 2020 10 1969.9 4.7% 1-9 77 2019 4 3 2020 CO2 95g/km 2019-2021 11.9% 1 CTP pack 2016 40% 2019 5.7 2030 425.1 CAGR 48% 2 + 10 1 2 3 4 2/39 . 5 . 7 2.1. . 7 2.2. . 9 . 11 3.1 . 11 3.2 . 18 . 22 4.1 . 22 4.2 B C . 25 . 30 . 33 . 37 . 38 3/39 1 . 5 2 . 5 3 . 6 4 . 6 5 . 7 6 . 7 7 . 8 8 SUV . 8 9 MPV . 8 10 . 8 11 . 9 12 . 9 13 . 10 14 . 10 15 . 10 16 . 11 17 GWH . 11 18 . 11 19 . 13 20 CTP . 14 21 MAXWELL . 14 22 . 15 23 . 15 24 . 16 25 . 17 26 . 19 27 2020 . 19 28 . 20 29 2019 8 MWH . 21 30 8 . 21 31 2018 8 . 21 32 . 22 33 . 25 34 . 28 35 2020 MODEL 3 . 29 36 . 30 37 2016-2020 . 30 38 . 31 39 2019-2020 . 32 40 . 32 41 KW . 32 42 . 33 4/39 43 . 34 1. . 5 2. . 6 3. 2013-2020 . 12 4. . 16 5. . 17 6. . 18 7. . 18 8. . 23 9. . 24 10. . 24 11. . 26 12. 2020 . 27 13. . 28 14. Model 3 . 29 15. . 34 16. . 35 17. . 35 18. 2020 . 36 19. . 37 5/39 300 18.56% 44.17% 300 25.61pct 28 4 0.25% 5 10 10% 10 255.2 257.3 0.9% 0.1% 11.0% 12.5% 10 1969.9 42.42% 4.7% 1 2 数据来源 wind 2020.11.23 数据 来源：wind 2020.11.23 72.80% 32.26% 1.08% 72.47% 1. 1 298.39% 1 -70.25% 2 269.26% 2 *ST -54.95% 3 202.19% 3 -38.62% 4 187.30% 4 -34.42% 5 184.99% 5 *ST -33.98% 6 172.28% 6 -33.42% 7 157.83% 7 -28.82% 8 154.72% 8 -26.99% 9 154.52% 9 ST -25.00% 10 153.37% 10 ST -24.81% wind 2020.11.23 6/39 3 4 数据来源 wind 2020.11.23 数据 来源 wind 2020.11.23 40.70% 36.72%