EV

The shares of the three Chinese EV giants recently listed in the U.S. have all skyrocketed. Matrix Partners China, a leading venture capital (VC) firm that has backed major Chinese tech firms at their early stages, released their thoughts in an article published Wednesday.

Is the first to run the race the last to win? "I don't think it's necessarily related."

The CPCA said 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.

Lidar will help XPeng break through some of the boundaries of existing autopilot, improve vehicle safety and better adapt to the complexity of domestic roads, he said.

The analyst said investors are expected to see strong monthly deliveries, benefiting from demand for NIO's new EC6 electric SUV and the company's 100 kWh battery.

Currently, battery suppliers for the China-made Model 3 include both CATL and LG Chem.

Leo Group, which is listed on the Shenzhen Stock Exchange, recently said on a platform to communicate with investors that it holds 343,316,240 Li Auto ADSs through a wholly owned subsidiary in Hong Kong at an investment cost of RMB 450 million. As of November 23, the company held Li Auto shares with a market value of about RMB 9.8 billion.

In the third quarter, China's new energy vehicle market has gradually emerged from the impact of less subsidy and Covid-19, and the penetration rate of the new energy vehicle market has been increasing.

If the final data is true, the charging time will be comparable to the refueling time of traditional fuel cars, which will also be a technological revolution for new energy vehicle batteries.

From the experience of NIO, Li Auto, and XPeng, success in the new energy vehicle market requires the ability to build their own distinctiveness.