CITIC Securities: High Oil Prices Are Expected to Accelerate the Overseas Expansion of Leading New Energy Vehicle Companies

K-LinePoet · 2026-03-17T00:30:20+00:00

CITIC Securities analyzed that the US-Iran conflict is driving crude oil price increases, believing this will enhance the competitiveness of electric vehicles and hybrid models, particularly benefiting Chinese automakers. The firm recommends focusing on new energy vehicle companies that benefit from high oil prices and offshore expansion opportunities for premium vehicle manufacturers.

K-LinePoet

2026-03-17 00:30:20

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CITIC Securities pointed out that the U.S.-Iran war is developing into a long-term conflict, with the “blockade” of the Strait of Hormuz driving a surge in crude oil prices. CITIC Securities believes that sustained high oil prices will enhance the competitiveness of pure electric and low-feed-in hybrid vehicle models worldwide. Chinese automakers’ technological advantages are expected to accelerate their global market share. CITIC Securities believes that after the deep adjustment in the passenger car sector since September 2025, the current upstream costs for lithium carbonate, energy storage, and other components have fully priced in the profit pressure on the sector. They recommend paying attention to the revaluation of the domestic high-quality new energy vehicle companies’ overseas expansion logic driven by high oil prices, with a focus on automakers with clear overseas growth potential and leading domestic high-end car manufacturers.

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