CnTechPost CnTechPost
  • News
    • Tech
    • Gadgets
    • Software
    • Stocks
    • Crypto
  • Contact
  • About
  • CnEVPost
  • News
    • Tech
    • Gadgets
    • Software
    • Stocks
    • Crypto
  • Contact
  • About
  • CnEVPost

China Passenger Car Association says high valuations for Chinese EV makers good thing

Phate Zhang Nov 25, 2020 18:32 GMT+8

China Passenger Car Association says high valuations for Chinese EV makers good thing-CnTechPost

Chinese new-energy vehicle makers currently have high valuations in the US market, which, while bubbly, is also a reaction to investors' good expectations for the future, according to the China Passenger Car Association (CPCA).

The CPCA today released its report on the development of China's auto market from November 16 to November 22, in which it noted that the recent strong performance of new Chinese carmakers has exceeded expectations.

The report does not directly name NIO, Li Auto or XPeng, but they are the only three new Chinese carmakers listed in the US.

Deutsche Bank reiterates 'Buy' rating on NIO, expects continued growth in deliveries

According to the CPCA, there seems to be no other carmaker that can catch up with Tesla's development line like the new Chinese carmakers, and the reaction of US investors is a recognition of this move and future trends.

So it's good that they're giving a higher valuation to Chinese companies listed in the US, the CPCA said.

The new Chinese carmakers are selling their vehicles at higher prices and achieving better performance with higher prices and higher sales. With higher sales volume, the gross profit status has improved significantly.

China's top investment bank CICC explains why NIO, Li Auto, XPeng are successful

Due to the lack of an effective price reference for new energy high-end models, and the high prices and mediocre performance of some international OEMs' new energy vehicles, it is difficult for them to compete with the new powerhouses in the short term, the report said, adding that local Chinese new powerhouses are able to gain market recognition for their products, even at higher prices.

According to the report, local Chinese new power products are more competitive, intelligent, quality is recognized, channels are tested and fully recognized by the market, which forms a good characteristic for a breakthrough in the high-end market.

NIO, Li Auto, XPeng, who has the edge over Tesla?

#Electric Car#Electric Vehicle#EV#Li Auto#NIO#XPeng
0
Phate Zhang
Phate is the founder of CnTechPost and the main author of the site. He has been reporting in Chinese and English since 2009, focusing on macroeconomics and capital markets. He is also a tech enthusiast, and it is his interest to follow tech industry developments.
Comments (1)
Back
  • Please note: Comments will be moderated and any spam comments, offensive remarks will not be displayed.
  • steve heckler

    Come on NIO! Battery Swap configuration to be a Chinese national standard!

    2 years ago Reply
Recent Posts
  • Chinese video platform iQIYI reportedly to lay off 20-40% of its workforce Dec 1, 2021
  • Xiaomi's MIUI surpasses 500 million monthly active users worldwide Nov 24, 2021
  • Education stocks soar with reports that China will resume after-school tutoring Nov 8, 2021
  • Huawei posts sales revenue of about $71.3 billion in first 3 quarters Oct 29, 2021
  • MSMEs call for stronger women empowerment on digital transformation Oct 25, 2021
  • Home
  • Tech
  • Stocks
  • Gadgets
  • Software
  • Crypto
  • Cars
  • About
  • Contact Us
  • Privacy Policy
Copyright © 2022 CnTechPost. Designed by CnTechPost.