cnTechPost cnTechPost
  • Home
  • NIO
  • XPeng
  • Li Auto
  • China Tech
  • cnEVpost
  • Contact
  • About
  • Home
  • NIO
  • XPeng
  • Li Auto
  • China Tech
  • cnEVpost
  • Contact
  • About
Home › Cars › China Passenger Car Association says high valuations for Chinese EV makers good thing
#Cars#

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

November 25, 2020 By: Phate Zhang
1 0

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?

  • Twitter
  • Facebook
  • Reddit
  • LinkedIn
  • WhatsApp
  • Pocket
  • More
  • Telegram
  • Email
  • Pinterest
  • Tumblr
  • Skype
0
# Electric Car# Electric Vehicle# EV# Li Auto# NIO# XPeng
Follow us on Twitter
Follow @cnTechPost
14 Jan, 2021
DJI denies forming engineering team to develop LiDAR, autonomous driving technology
Random Post
Popular Posts
NIO deliveries exceed 7,000 in December, up 121% year-on-year
January 3, 2021
NIO launches used car trading business
January 3, 2021
NIO refutes claims of massive order cancellations as false news
January 3, 2021
China's official securities newspaper comments on NIO's soaring market value: Let the bullets fly a little longer
December 30, 2020
Li Auto delivers 6,126 units in December, up over 500% year-on-year
January 2, 2021
Recent Posts
  • Luckin Coffee reopens retail partner recruitment program Jan 18, 2021
  • TikTok owner ByteDance is dropping its smartphone business Jan 18, 2021
  • Global gaming industry investment reaches $33.6 billion in 2020, with China accounting for 27% Jan 16, 2021
  • Privately held Chinese rocket company iSpace completes landing gear buffer tests Jan 16, 2021
  • Xiaomi denies ties to Chinese military Jan 15, 2021
  • Home
  • Tech
  • Gadgets
  • iOS
  • Android
  • Apps
  • Software
  • Cars
  • 5G
  • In-Depth
  • Health
  • How To
  • Hot Topics
  • About
  • Contact Us
  • Privacy Policy
Copyright © 2019-2021 cnTechPost. Designed by cnTechPost.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.