Since the autumn, the global new energy vehicles to establish a growth inflection point, China investment bank CICC said, adding the medium- and long-term development path is clear.
Analysts including Zeng Tao pointed out in the report that the current valuation is relatively reasonable at this point in time, and recommended the global core supply system standards, such as Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker.
The NIO-led battery asset management company, Wuhan Weineng Battery Asset Co., has been established on August 18, according to data provider Qichacha.
The company has a registered capital of RMB 800 million and is represented by NIO Power's vice president Shen Fei.
Its shareholders include NIO's Chinese operating entity NIO (Anhui) Holdings Ltd, CATL, Guotai Junan Securities International and Hubei Science and Technology Investment Group Co.
Europe's new energy vehicle market benefits from a significant increase in the dividend of subsidies, carbon emission assessment on the catalyst of the rhythm of electrification of car enterprises, and the EU as a whole for the top-down support of the low-carbon economy, the report said.
Continued high growth in Europe is expected to boost global power battery demand expectations, raising global power battery demand by 5.1% and 2.7% this year and next to 133GWh and 205GWh, respectively.
Industry catalysts include Tesla Battery Day bringing battery technology route planning and other content, and China's commercial vehicles will likely ramp up in the fourth quarter.
China's July sales of new energy vehicles up 19.3 percent year-on-year
