China's EV Startups May Lose Out as Competition Stiffens -- Market Talk

Dow Jones2022-11-15

0352 GMT - China's younger electric-car companies like Nio, XPeng and Li Auto may lose out as state-owned auto makers increasingly look to enter the EV market, says Louis Wong, executive director of Phillip Capital Management (Hong Kong). Given that these traditional car makers typically are large in scale and have abundant resources at their disposal, they could easily snatch market share from smaller EV rivals, even those with an early-mover advantage in the sector, Wong says. In addition, the industry-wide shortage of auto components is making things even harder for smaller companies, which are less able to negotiate with suppliers than their larger counterparts, Wong adds. (yifan.wang@wsj.com)

(END) Dow Jones Newswires

November 14, 2022 22:52 ET (03:52 GMT)

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