China's Intensifying EV Competition Set to Weigh on Prices, Profitability -- Market Talk

Dow Jones06-18

0723 GMT - Competition among Chinese EV makers will remain intense and put pressure on companies' pricing and profitability, Bernstein analysts write in a note. Though EV retail volumes dropped 3.1% on year in May due to a high base effect, the analysts forecast EV sales to grow an impressive 25% this year despite intense competition and excess supply. They also expect plug-in hybrid models' growth to outpace the EV market, and overseas expansion to ease some pressure from the domestic market for automakers. In May, BYD retained its leading position in the Chinese market with a 34% market share, followed by Tesla and Geely. Bernstein maintains an outperform rating for BYD, Geely and Li Auto. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 18, 2024 03:23 ET (07:23 GMT)

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They also expect plug-in hybrid models' growth to outpace the EV market, and overseas expansion to ease some pressure from the domestic market for automakers. In May, BYD retained its leading position in the Chinese market with a 34% market share, followed by Tesla and Geely. Bernstein maintains an outperform rating for BYD, Geely and Li Auto. 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Though EV retail volumes dropped 3.1% ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"80175","symbol_name":"吉利汽车-R","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2444721361","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444721361","pubTimestamp":1718695380,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0723 GMT - Competition among Chinese EV makers will remain intense and put pressure on companies' pricing and profitability, Bernstein analysts write in a note. Though EV retail volumes dropped 3.1% on year in May due to a high base effect, the analysts forecast EV sales to grow an impressive 25% this year despite intense competition and excess supply. They also expect plug-in hybrid models' growth to outpace the EV market, and overseas expansion to ease some pressure from the domestic market for automakers. In May, BYD retained its leading position in the Chinese market with a 34% market share, followed by Tesla and Geely. Bernstein maintains an outperform rating for BYD, Geely and Li Auto. 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Though EV retail volumes dropped 3.1% on year in May due to a high base effect, the analysts forecast EV sales to grow an impressive 25% this year despite intense competition and excess supply. They also expect plug-in hybrid models' growth to outpace the EV market, and overseas expansion to ease some pressure from the domestic market for automakers. In May, BYD retained its leading position in the Chinese market with a 34% market share, followed by Tesla and Geely. Bernstein maintains an outperform rating for BYD, Geely and Li Auto. 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