因芯片短缺和原材料涨价，特斯拉频繁上调车型售价。自2020年“新冠”疫情全球大流行以来，全球芯片产业链产能持续遭受考验，而中美贸易摩擦以及芯片主产地相继遭受多种灾害，更是加剧了全球芯片供给不足的紧张状况，从而进一步加重全球汽车芯片短缺的阶段性危机。2021年5月8日，特斯拉中国宣布，国产Model 3标准续航升级版上涨1000元，这是2021年以来国产特斯拉的第二次涨价。近两个月，特斯拉在美国连续多次涨价。频繁上调价格的背后是芯片短缺和原材料涨价造成的零部件价格上涨。

Nanochemicals are produced using nanotechnology which exhibit enhanced properties such as self-catalysis and anti-corrosion. Increased demand for nano chemicals owing to maximum product yield has propelled the growth of nanochemicals in the industry. Moreover, the enhanced chemical reaction timing has also led to the adoption of nanochemicals, which in turn drives the nanochemicals market growth. In addition, these nanochemicals have wide applications in manufacturing, paints & coatings, automotive, pharmaceutical, and other industries that contributes toward higher demand for nanochemicals which notably boosts the nanochemicals market growth. However, hazardous nature of the chemicals owing to quick reactions can restraint the market growth.

Booster compressor system is the equipment used in increasing the pressure coming from given compressor system through additional compression stages. The key advantages of booster compressor include high pressure production ability, portability, continuous high-pressure operation, reliability, and others. In addition, key features of booster compressor include compact size, easy installation, less noise, and others. The growth of the global booster compressor market is driven by rise in demand for high pressure from various operations in various end-uses. However, implementation of stringent government regulations toward environmental pollution from plastic products and rapid development of the electric vehicle industry are the key factors hampering the growth of the booster compressor market. On the contrary, rapid transition from coal power station to gas power station and rise in use of gas in the vehicles are anticipated to provide lucrative growth opportunities for the key players to maintain the position in the booster compressor market in the upcoming years.

Automotive key & lock market is highly application driven and systems are gaining popularity across end users and technologies such as Infra-Red Sensor, Transmission and Others. Technological advancements along with the demand for convenience are the key factors are driving the growth of automotive smart key market. Asia-Pacific is estimated to account for the largest share of the automotive smart key system market. This can mainly be attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles. Additionally, high demand from customers and high purchasing power has upped the demand for vehicles and boosted the market for automotive smart key. The Europe and North American market are expected to experience a steady level of growth. Manufacturers are implementing IoT to offer connected car applications for drivers such as fuel tracking, Advanced Driver-Assistance Systems (ADAS), speed control, and invehicle infotainment systems. Automotive digital key, one of the new innovations resulting from the adoption of IoT, is therefore expected to gain momentum among auto manufacturers and consumers in the coming years

疫情影响下，汽车芯片在马来西亚的封装受到较大程度影响，行业复苏的时间点比我们预计的要向后推迟，但复苏的逻辑并没有破坏。复苏有推迟但仍会到来。疫情影响下，汽车芯片在马来西亚的封装受到较大程度影响，行业复苏的时间点比我们预计的要向后推迟，但复苏的逻辑并没有破坏。继续推荐“自主品牌+汽技+高景气度细分产业链”三条投资主线。

国外厂商领先，国产替代空间广阔。1）2019 年全球汽车连接器厂商 TOP10 以美、日企业为主，泰科、矢崎、安波福三巨头市占率之和达
67%。汽车连接器行业国产化率较低，我们估算中国市场中高速连接器国产化率仅 5%、高压连接器国产化率不足 30%。2）考虑新能源车产品迭代速度更快，国内企业响应速度更快、服务能力更强、成本控制更优，国内汽车汽车连接器企业有望实现快速成长。3）在中国企业中，高压连接器的佼佼者是中航光电、瑞可达，高速连接器中电连技术实力突出。

复盘中国、欧洲渗透率，类似当年的智能手机和suv，均符合“S“型发展曲线，但EV渗透率加速时间更早，约10%增速。中国EV渗透率的提升前期依靠政策驱动，如今进入车型驱动。20年前政策驱动下，渗透率从0%提升至19年的4.7%，20年开始进入新车型驱动（特斯拉、小
鹏P7、五菱宏光、比亚迪汉等），在补贴退坡下渗透率逆势提升至14.8%。而欧洲渗透率从19年的2%提升至21H1的15%以上。但同期美国
渗透率仍在5%以下徘徊。