2019年12月5日 午後5:42 jst - goldman sachs...図表 1: lcaは包括的なco2排出量を議論...
TRANSCRIPT
PortraitEV
LCA2023
CO2(ICE)Tank to WheelCO2
120g/LCA170-180g/(
LCA100-120g/CO2ICE(50-60g)
George Galliers +44(20)7552-5784 | [email protected] Goldman Sachs International
+852-2978-1383 | [email protected] Goldman Sachs (Asia) L.L.C.
+852-2978-2678 | [email protected] Goldman Sachs (Asia) L.L.C.
, Ph.D. +852-2978-1123 | [email protected] Goldman Sachs (Asia) L.L.C.
+91(22)6616-9043 | [email protected] Goldman Sachs India SPL
+82(2)3788-1728 | [email protected] Goldman Sachs (Asia) L.L.C., Seoul Branch
Gungun Verma +44(20)7774-6415 | [email protected] Goldman Sachs International
+81(3)6437-9928 | [email protected] Goldman Sachs Japan Co., Ltd.
+81(3)6437-9872 | [email protected] Goldman Sachs Japan Co., Ltd.
Sahana Subbaraman +1(212)934-7678 | [email protected] Goldman Sachs India SPL
2019125 5:42 JST
2019125 : CO2:EV
Well to Tank:CO2 11
16
LCA/
170-180g/(
CO2ICE(50-60g)EV(100-120g)EV
2037HEVEV
2019125 8
CO2/
EVCO2
EV
CO2
12015
VW2020-21CO2
11: CO2
2019,
, ,
2019125 9
CO2EV/
CO2
2019,
18: EV //
BP, IEA,
2019125 12
EVCO2ICE2
Clean Transportation)1kWh
2019,
23: CO2 kWhCO2
Qiang et al. 2019, “Life Cycle Analysis of Lithium-Ion
Batteries for Automotive Applications”
2019125 14
EV(/)
ICCTLCACO24-10
LCA
26: LCA LCACO2
SedanLuxury Sedan
, BP, Auto Catalog,
(IEA)
32: EV
2019125 18
Benchmark Mineral Intelligence
36: EV EV2016
2019125 19
EV6
2021NEV
Auto Catalog,
38: EV EV
39: NEV NEV
FCV/
,
2019125 21
AC
George Galliers , Ph.D. Gungun Verma Sahana Subbaraman
37 3(1)
124
George GalliersEurope-Autos & Auto PartsChina AutosA-share Basic MaterialsChina Basic MaterialsAsean & India AutosKorea IndustrialsGungun Verma Europe-Autos & Auto Parts
A-share Basic MaterialsAluminum Corp. of China (A)Angang Steel (A)Anhui Conch Cement (A)Baoshan Iron & SteelBBMG Corp. (A) Chenming Paper (A)China Coal Energy (A)China Molybdenum Co. (A)China Shenhua Energy (A)Jiangxi Copper (A)Maanshan Iron & Steel (A)Shanying Int HoldingsSun PaperYanzhou Coal Mining (A)Zijin Mining (A)
Asean & India AutosAmara Raja Batteries Ltd.Ashok LeylandAstra InternationalBajaj AutoBosch Ltd.Eicher MotorsExide IndustriesHero MotoCorpJardine Cycle & CarriageMahindra & MahindraMaruti Suzuki IndiaMotherson Sumi SystemsPT United TractorsTata MotorsTVS Motor
China AutosBAIC Motor CoBrilliance China AutomotiveBYD Co. (A)BYD Co. (H)CATLChina Grand AutoChina Harmony New Energy AutoChongqing Changan AutoDongfeng MotorFuyao Glass Industry Group (A)Fuyao Glass Industry Group (H)Geely Automobile HoldingsGrand Baoxin Auto GroupGreat Wall Motor Co. (H)Great Wall Motor Co.(A)Guangzhou Automobile Group (A)Guangzhou Automobile Group (H)Huayu Automotive SystemsJoyson ElectronicsMeiDong AutoMinth GroupNexteer Automotive GroupNIO Inc. SAIC MotorYongda AutoZhengtong Auto Services HoldingsZhongsheng Group
China Basic MaterialsAluminum Corp. of China (H)Angang Steel (H)Anhui Conch Cement (H)BBMG Corp. (H)Chenming Paper (H) China Coal Energy (H)China Hongqiao GroupChina Molybdenum Co. (H)China National Building MaterialChina Resources Cement HoldingsChina Shenhua Energy (H)Jiangxi Copper (H)Lee & Man Paper Manufacturing Ltd.Maanshan Iron & Steel (H)MMG LtdNine Dragons Paper HoldingsWest China CementYanzhou Coal Mining (H)Zhaojin Mining IndustryZijin Mining (H)
Europe-Autos & Auto PartsAston Martin Lagonda Global HoldingsBMWCNH IndustrialCNH IndustrialContinentalDaimler AGFerrari NVFerrari NVFiat Chrysler Automobiles NVFiat Chrysler Automobiles NVHella KGaA HueckMichelinPeugeotPirelliPorsche RenaultTI Fluid Systems PlcValeoVolkswagen
Aisin SeikiBridgestoneDensoHino MotorsHonda MotorIchikoh Industries Ltd.Isuzu MotorsJSP Corp. Koito ManufacturingMazda MotorMitsubishi MotorsMitsui High-tec Inc.Nifco Inc.Nissan MotorNOK Corp.Stanley Electric Subaru Corp.Sumitomo Rubber IndustriesSuzuki MotorToyota BoshokuToyota MotorUnipres Corp.Yamaha Motor
Korea IndustrialsHankook Tire & TechnologyHanon SystemsHyundai SteelKorea Electric Power Corp.Korea ZincMando Corp POSCOPOSCO (ADR)
2019125 22
FINRA 22412242
https://www.gs.com/research/hedge.html
Pty LtdBanking Act 1959 (Cth) Australian Corporations Act”wholesale clients” https://www.goldmansachs.com/disclosures/australia-new-zealand/index.html (CVM) Instruction 598https://www.gs.com/worldwide/brazil/area/gir/index.htmlCVM Instruction 59820 () ()L.L.C. ()SEBI INH000001493951-A, Rational House, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, IndiaU74140MH2006FTC160634 +91 22 6616 9000Fax +91 22 6616 9001(Indian Securities Contracts (Regulation) Act 19562(h))1% 37 ()L.L.C. (Reserve Bank of New Zealand Act 1989) Financial Advisors Act 2008”wholesale clients” https://www.goldmansachs.com/disclosures/australia-new-zealand/index.html ()Pte.(Company Number: 198602165W)
(EU) No 596/2014(EU)(2016/958)62 https://www.gs.com/disclosures/europeanpolicy.html
43% 42% 15% 64% 56% 50%
2019125 23
()
(NR) (RS) (CS) (NC) (NA) (NM)
Pty (ABN 21 006 797 897)S.A. 0800 727 5764 / [email protected] (96 )Ouvidoria Goldman Sachs Brasil: 0800 727 5764 e/ou [email protected]. Horário de funcionamento: segunda-feira à sexta-feira (exceto feriados), das 9h às 18h ()LLC () ()LLC OOO ()Pte(Company Number: 198602165W)
(SIPC)(https://www.sipc.org)
https://www.theocc.com/about/publications/character-risks.jsp https://www.fiadocumentation.org/fia/regulatory-disclosures_1/fia−uniform−futures−and−options−on−futures−risk−disclosures−booklet−pdf− version−2018
2019125 24
37 ( ) ( ) 1616
2019125 25
LCA2023
CO2(ICE)Tank to WheelCO2
120g/LCA170-180g/(
LCA100-120g/CO2ICE(50-60g)
George Galliers +44(20)7552-5784 | [email protected] Goldman Sachs International
+852-2978-1383 | [email protected] Goldman Sachs (Asia) L.L.C.
+852-2978-2678 | [email protected] Goldman Sachs (Asia) L.L.C.
, Ph.D. +852-2978-1123 | [email protected] Goldman Sachs (Asia) L.L.C.
+91(22)6616-9043 | [email protected] Goldman Sachs India SPL
+82(2)3788-1728 | [email protected] Goldman Sachs (Asia) L.L.C., Seoul Branch
Gungun Verma +44(20)7774-6415 | [email protected] Goldman Sachs International
+81(3)6437-9928 | [email protected] Goldman Sachs Japan Co., Ltd.
+81(3)6437-9872 | [email protected] Goldman Sachs Japan Co., Ltd.
Sahana Subbaraman +1(212)934-7678 | [email protected] Goldman Sachs India SPL
2019125 5:42 JST
2019125 : CO2:EV
Well to Tank:CO2 11
16
LCA/
170-180g/(
CO2ICE(50-60g)EV(100-120g)EV
2037HEVEV
2019125 8
CO2/
EVCO2
EV
CO2
12015
VW2020-21CO2
11: CO2
2019,
, ,
2019125 9
CO2EV/
CO2
2019,
18: EV //
BP, IEA,
2019125 12
EVCO2ICE2
Clean Transportation)1kWh
2019,
23: CO2 kWhCO2
Qiang et al. 2019, “Life Cycle Analysis of Lithium-Ion
Batteries for Automotive Applications”
2019125 14
EV(/)
ICCTLCACO24-10
LCA
26: LCA LCACO2
SedanLuxury Sedan
, BP, Auto Catalog,
(IEA)
32: EV
2019125 18
Benchmark Mineral Intelligence
36: EV EV2016
2019125 19
EV6
2021NEV
Auto Catalog,
38: EV EV
39: NEV NEV
FCV/
,
2019125 21
AC
George Galliers , Ph.D. Gungun Verma Sahana Subbaraman
37 3(1)
124
George GalliersEurope-Autos & Auto PartsChina AutosA-share Basic MaterialsChina Basic MaterialsAsean & India AutosKorea IndustrialsGungun Verma Europe-Autos & Auto Parts
A-share Basic MaterialsAluminum Corp. of China (A)Angang Steel (A)Anhui Conch Cement (A)Baoshan Iron & SteelBBMG Corp. (A) Chenming Paper (A)China Coal Energy (A)China Molybdenum Co. (A)China Shenhua Energy (A)Jiangxi Copper (A)Maanshan Iron & Steel (A)Shanying Int HoldingsSun PaperYanzhou Coal Mining (A)Zijin Mining (A)
Asean & India AutosAmara Raja Batteries Ltd.Ashok LeylandAstra InternationalBajaj AutoBosch Ltd.Eicher MotorsExide IndustriesHero MotoCorpJardine Cycle & CarriageMahindra & MahindraMaruti Suzuki IndiaMotherson Sumi SystemsPT United TractorsTata MotorsTVS Motor
China AutosBAIC Motor CoBrilliance China AutomotiveBYD Co. (A)BYD Co. (H)CATLChina Grand AutoChina Harmony New Energy AutoChongqing Changan AutoDongfeng MotorFuyao Glass Industry Group (A)Fuyao Glass Industry Group (H)Geely Automobile HoldingsGrand Baoxin Auto GroupGreat Wall Motor Co. (H)Great Wall Motor Co.(A)Guangzhou Automobile Group (A)Guangzhou Automobile Group (H)Huayu Automotive SystemsJoyson ElectronicsMeiDong AutoMinth GroupNexteer Automotive GroupNIO Inc. SAIC MotorYongda AutoZhengtong Auto Services HoldingsZhongsheng Group
China Basic MaterialsAluminum Corp. of China (H)Angang Steel (H)Anhui Conch Cement (H)BBMG Corp. (H)Chenming Paper (H) China Coal Energy (H)China Hongqiao GroupChina Molybdenum Co. (H)China National Building MaterialChina Resources Cement HoldingsChina Shenhua Energy (H)Jiangxi Copper (H)Lee & Man Paper Manufacturing Ltd.Maanshan Iron & Steel (H)MMG LtdNine Dragons Paper HoldingsWest China CementYanzhou Coal Mining (H)Zhaojin Mining IndustryZijin Mining (H)
Europe-Autos & Auto PartsAston Martin Lagonda Global HoldingsBMWCNH IndustrialCNH IndustrialContinentalDaimler AGFerrari NVFerrari NVFiat Chrysler Automobiles NVFiat Chrysler Automobiles NVHella KGaA HueckMichelinPeugeotPirelliPorsche RenaultTI Fluid Systems PlcValeoVolkswagen
Aisin SeikiBridgestoneDensoHino MotorsHonda MotorIchikoh Industries Ltd.Isuzu MotorsJSP Corp. Koito ManufacturingMazda MotorMitsubishi MotorsMitsui High-tec Inc.Nifco Inc.Nissan MotorNOK Corp.Stanley Electric Subaru Corp.Sumitomo Rubber IndustriesSuzuki MotorToyota BoshokuToyota MotorUnipres Corp.Yamaha Motor
Korea IndustrialsHankook Tire & TechnologyHanon SystemsHyundai SteelKorea Electric Power Corp.Korea ZincMando Corp POSCOPOSCO (ADR)
2019125 22
FINRA 22412242
https://www.gs.com/research/hedge.html
Pty LtdBanking Act 1959 (Cth) Australian Corporations Act”wholesale clients” https://www.goldmansachs.com/disclosures/australia-new-zealand/index.html (CVM) Instruction 598https://www.gs.com/worldwide/brazil/area/gir/index.htmlCVM Instruction 59820 () ()L.L.C. ()SEBI INH000001493951-A, Rational House, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, IndiaU74140MH2006FTC160634 +91 22 6616 9000Fax +91 22 6616 9001(Indian Securities Contracts (Regulation) Act 19562(h))1% 37 ()L.L.C. (Reserve Bank of New Zealand Act 1989) Financial Advisors Act 2008”wholesale clients” https://www.goldmansachs.com/disclosures/australia-new-zealand/index.html ()Pte.(Company Number: 198602165W)
(EU) No 596/2014(EU)(2016/958)62 https://www.gs.com/disclosures/europeanpolicy.html
43% 42% 15% 64% 56% 50%
2019125 23
()
(NR) (RS) (CS) (NC) (NA) (NM)
Pty (ABN 21 006 797 897)S.A. 0800 727 5764 / [email protected] (96 )Ouvidoria Goldman Sachs Brasil: 0800 727 5764 e/ou [email protected]. Horário de funcionamento: segunda-feira à sexta-feira (exceto feriados), das 9h às 18h ()LLC () ()LLC OOO ()Pte(Company Number: 198602165W)
(SIPC)(https://www.sipc.org)
https://www.theocc.com/about/publications/character-risks.jsp https://www.fiadocumentation.org/fia/regulatory-disclosures_1/fia−uniform−futures−and−options−on−futures−risk−disclosures−booklet−pdf− version−2018
2019125 24
37 ( ) ( ) 1616
2019125 25