代表绿色的新能源车是否是名正言顺的ESG领导者？

1 20221019 2 2003 71 202061900 14 11 700010 A 6 3 14 30 ESG TSLA.O(002594.SZ,1211.HK) “ ESG ESG 7 (XPEV.K,9868.HK)NIO(LI.O) (601238.SH,2238.HK)VWAPYESG A 3 BB25% MioTechAMI ESG62100ESG , 4 RefinitivEikon 2021 ESG 2022930 1018 2022 6.9:1 2003 1995 2012622ModelSModel 2008 XModel3202193 2021 20142015 2021 5 20209 ID 2030 Aion AMI A ESG ESG ESG 66 100 BB ESG ESG BB ESG DDD/C ESG 62 ESG 25% 22-24 EPS 2024 82.9% PE(x)31~44 2024 PE x 5~9 ESG/CSR/ 6 1999-2002 / ESG 2018 (Impact)2015 2020 ESG2022 2021 20224 ESG 19 2020 ESG 930 ESG ESG2021 7 20221018 22E 23E 24E 22E 23E 24E 22E 23E 24E 22E 23E 24E 1W 1M YTD 002594.SZ 273.67 97,643 74.1 43.7 32.1 114.3 69.7 36.0 0.1 0.2 0.3 10.4 15.5 18.4 4.3 1.2 2.1 NIO 12.21 20,396 n.a. n.a. 44.2 n.a. n.a. n.a. 0.0 0.0 0.0 (27.5) (11.6) 11.1 (5.2) (41.6) (61.5) LI.O 18.92 19,890 n.a. 86.6 33.1 n.a. n.a. 162.0 0.0 0.0 0.0 (2.0) 3.6 9.8 (7.2) (25.0) (41.1) XPEV.K 8.60 7,412 n.a. n.a. n.a. n.a. n.a. n.a. 0.0 0.0 0.0 (21.1) (16.0) (2.8) (9.9) (45.0) (82.9) TSLA.O 220.19 689,959 53.9 37.3 30.8 89.2 44.6 21.1 0.0 0.0 0.0 33.1 35.4 32.8 1.4 (28.8) (37.5) 601633.SH 27.52 26,512 28.4 22.2 17.1 2.8 28.4 29.4 1.6 2.0 2.5 13.5 15.5 17.5 2.2 (8.2) (43.3) 601238.SH 12.62 15,126 12.2 10.8 9.3 29.2 13.7 15.5 2.2 2.6 2.7 10.9 11.4 12.1 2.7 (3.3) (16.9) VOWG.DE 170.80 76,038 5.2 5.3 5.0 (11.4) (1.7) 4.4 4.8 5.4 6.0 11.6 10.8 10.8 6.5 (15.8) (33.9) 8 RefinitivEikon 2021 2021 2000 GHG 9 “ ” 2021 0.6tCO2e0.39tCO2e, 55% 2021 10 70% “ “ —— 15 13 16% 77% 1 27 2021 ESG 2021 1VolkswagenGroup.Pg.47,SustainabilityReport2021[J/OL]2022, https://www.volkswagenag.com/presence/nachhaltigkeit/documents/sustainability-report/2021/Nonfinancial_Report_2021_e.pdf 11 ESG 2050 GHG ScienceBased TargetinitiativeSBTiSBTi 2025 12 ESG 13 EPR 1.5% 240 0.99 14 2016AmnestInernational NGO -- 15 300750.SZ 002460.SZ 2021 16 2021 67 AMI 39 N/A 3 45 20 0 N/A 72 N/A 8 0 2 0 N/A 2. 28 “ ” AMI 0 N/A 17 80% ESG 2 A 2021 ESG 3 2[J/OL]2022,https://finance.sina.com.cn/stock/s/2021-06-10/doc-ikqciyzi8907398.shtml 3[J/OL]2022, http://auto.sina.com.cn/news/hy/2019-07-16/detail-ihytcerm3963085.shtml 18 AMI 0 19 * ESG ESG 2021 ESG ** ESG ESG ESG ESG / CSRESG 3. ESG – ESG ESG ESG ESG ESG ESG ESGESGESG ESG 4 4LoraKolodny,WhyTeslawaskickedoutoftheS&P500′sESGindex[J/OL]2022, https://www.cnbc.com/2022/05/18/why-tesla-was-kicked-out-of-the-sp-500s-esg-index.html 20 ESG 1999 20102012 ESGGRI SASB/ISSBUNGCSDGsTCFD ESG ESG ESG ESG ES G ESG 21 ESG MioTechAMI ESG ESG ESG 22 23 fay.wu@miotech.com jiaye.pan@miotech.com jack@miotech.com https://www.miotech.com/zh-CN/research 24