---
title: "Daiwa Capital Markets: The US-Iran conflict drives up oil prices and accelerates the adoption of electric vehicles"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278039568.md"
description: "Daiwa Capital Markets released a research report stating that the US-Iran conflict has pushed up oil prices, accelerating the process of electric vehicle adoption, with limited short-term cost impacts on the mainland 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 report noted 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 released its second-generation blade battery, megawatt-level charging technology, and several new models yesterday (5th). In the industry, the preferred buy targets include CATL, Ganfeng Lithium, Minth Group, and Geely Auto, while Li Auto is the preferred sell target"
datetime: "2026-03-06T06:54:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278039568.md)
  - [en](https://longbridge.com/en/news/278039568.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278039568.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278039568.md) | [繁體中文](https://longbridge.com/zh-HK/news/278039568.md)


# Daiwa Capital Markets: The US-Iran conflict drives up oil prices and accelerates the adoption of electric vehicles

Zhitong Finance APP learned that Daiwa Capital Markets released a research report stating that the US-Iran conflict has pushed up oil prices and accelerated the process of electric vehicle adoption, 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 in fuel and electricity costs by 20% to 30%, and increase China's electric vehicle penetration rate by 2 to 3 percentage points in the short term.

In addition, the bank pointed out that most automakers' delivery volumes in February fell month-on-month as expected due to the Lunar New Year holiday, with strong export growth offsetting weak domestic demand. Furthermore, BYD (01211) released its second-generation blade battery, megawatt-level charging technology, and several new models yesterday (5th).

In the industry, the bank's preferred buy targets include CATL (300750.SZ), Ganfeng Lithium (01772), Minth Group (00425), and Geely Auto (00175), while Li Auto (02015) is the preferred sell target

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