Chinese Carmakers Expand Globally, Outselling US in EVs

BrianTycangco鄭彥渊
09-05

ONE MILLION electrified vehicles sold in one month! That’s nearly 10X more than the US.

Yet the mentality of US lawmakers is “How to stop Chinese brands from entering our country” instead of “How to help our US carmakers capture more of China’s market.”🤦‍♂️

$BYD Co., Ltd.(BYDDF)$ $BYD COMPANY-R(81211)$ $NIO Inc.(NIO)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ $Li Auto(LI)$ $LI AUTO-W(02015)$ $General Motors(GM)$ $Tesla Motors(TSLA)$ $Ford(F)$

China’s overall passenger car market is about done growing. It will keep selling 2.1-2.3m per month. Hard to see this market growing bigger given the dynamics.

This is why Chinese carmakers need to expand their international footprint. They are very aggressive and many are finding initial success in offering value-for-money cars in a huge market once dominated by Japanese, Korean and US brands.

https://x.com/BrianTycangco/status/1831278551305490711

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment