--- title: "Daihua Jixiang: The US-Iran conflict drives up oil prices and accelerates the popularization of electric vehicles" type: "News" locale: "en" url: "https://longbridge.com/en/news/278023444.md" description: "The report from Daiwa Capital Markets indicates that the US-Iran conflict has driven up oil prices, accelerating the adoption of electric vehicles, with limited short-term cost impact on the domestic automotive industry and minimal export effects. If oil prices continue to rise by USD 15 to 20, it could widen the gap between fuel and electricity costs by 20% to 30%, increasing the penetration rate of electric vehicles by 2 to 3 percentage points in the short term. BYD has released new technology, but it is expected that the downward sales trend will be difficult to reverse in the short term. Preferred buy stocks include CATL, Ganfeng Lithium, Minth Group, and Geely, while Li Auto is the preferred short-sell target" datetime: "2026-03-06T02:55:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278023444.md) - [en](https://longbridge.com/en/news/278023444.md) - [zh-HK](https://longbridge.com/zh-HK/news/278023444.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278023444.md) | [繁體中文](https://longbridge.com/zh-HK/news/278023444.md) # Daihua Jixiang: The US-Iran conflict drives up oil prices and accelerates the popularization of electric vehicles Daiwa Capital Markets published a report stating that the US-Iran conflict has driven up oil prices, accelerating the adoption of electric vehicles, with limited short-term cost impacts on the domestic automotive industry. Overall, there is basically no impact on China's exports to Europe. If oil prices continue to rise by $15 to $20 per barrel, it could widen the gap between fuel and electricity costs by 20% to 30%, and increase the penetration rate of electric vehicles in China by 2 to 3 percentage points in the short term. Additionally, the firm mentioned that most automakers' delivery volumes in February fell as expected due to the Lunar New Year holiday, with strong export growth offsetting weak domestic demand. Furthermore, BYD (01211.HK) released its second-generation blade battery, megawatt-level charging technology, and several new models yesterday (5th), but the firm believes that since competitors are also launching comparable technologies, it is expected that this will not reverse the trend of declining sales in the short term. In the industry, the firm's preferred buy targets include CATL (300750.SZ), Ganfeng Lithium (01772.HK), Minth Group (00425.HK), and Geely (00175.HK), while Li Auto (02015.HK) is the preferred sell target. Stock | Rating | Target Price (HKD) CATL (300750.SZ) | Buy | 550 RMB Ganfeng Lithium (01772.HK) | Buy | 90 HKD Minth Group (00425.HK) | Buy | 62 HKD Geely (00175.HK) | Buy | 36 HKD Li Auto (02015.HK) | Sell | 50 HKD ### Related Stocks - [Hwabao WP CSI Intelligent Electric Vehicle ETF (516380.CN)](https://longbridge.com/en/quote/516380.CN.md) - [GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD (GELHY.US)](https://longbridge.com/en/quote/GELHY.US.md) - [Global X Atnms & Elctrc Vhcls ETF (DRIV.US)](https://longbridge.com/en/quote/DRIV.US.md) - [Ganfeng Lithium (002460.CN)](https://longbridge.com/en/quote/002460.CN.md) - [GANFENGLITHIUM (01772.HK)](https://longbridge.com/en/quote/01772.HK.md) - [LI AUTO-W (02015.HK)](https://longbridge.com/en/quote/02015.HK.md) - [BYD Company Limited (BYDDF.US)](https://longbridge.com/en/quote/BYDDF.US.md) - [HFT CSI Auto Components Thematic ETF (562260.CN)](https://longbridge.com/en/quote/562260.CN.md) - [Guotai CSI 800 Automobile and Parts ETF (516110.CN)](https://longbridge.com/en/quote/516110.CN.md) - [ChinaAMC CSI Auto Components Thematic ETF (562700.CN)](https://longbridge.com/en/quote/562700.CN.md) - [BYD COMPANY (01211.HK)](https://longbridge.com/en/quote/01211.HK.md) - [Hua Xia CSI New Energy Vehicles ETF (515030.CN)](https://longbridge.com/en/quote/515030.CN.md) - [ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF (159323.CN)](https://longbridge.com/en/quote/159323.CN.md) - [Li Auto Inc. 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