China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

[XPeng Inc. (XPEV US, BUY, TP US$13.7) Target Price Change]: Buy on More Visibility of Future Growth

[Li Auto Inc. (LI US) Target Price Change]: An Emerging Powerhouse…Reiterate as Our Top Pick

NIO Inc. (NIO US, BUY, TP US$10.5) Rating Change: Witnessing a Turning Point…UG to BUY

Gravity Works As WeWork Doesn't; Now Plan B

Bifurcated Chinese Express Market Developing

China/Asia TMT

Shawn Yang

Thematic (Sector/Industry)

China Automobiles and components / Thematic (Sector/Industry)

<ul>
<li>In early July, Toyota announced a breakthrough in all-solid-state-battery (ASSB) delivering 745 miles per charge and &lt;10-minute charging time. </li>
<li>Currently lithium-ion battery (LIB) can reach 500 miles and 25 minutes; We, however, believe the migration of LIB to ASSB will be a continuous process. </li>
<li>ASSB is expensive to manufacture. Further, mineral reliance on China is unlikely to lessen.</li>
</ul>


In early July, Toyota announced a breakthrough in all-solid-state-battery (ASSB) delivering 745 miles per charge and &lt;10-minute charging time. 
Currently lithium-ion battery (LIB) can reach 500 miles and 25 minutes; We, however, believe the migration of LIB to ASSB will be a continuous process. 
ASSB is expensive to manufacture. Further, mineral reliance on China is unlikely to lessen.


Contemporary Amperex Technolog (300750 CH)

[Blue Lotus EV Sector Update]: All Solid-State Battery Unlikely to Disrupt EV Market