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China specialist, Auto and Industrial specialist

Victoria Li

Thematic (Sector/Industry)

China Automobiles / Thematic (Sector/Industry)

<ul>
<li>Short supply of LFP battery would not slow down the growth of EV sales. Only certain models might be affected short term.</li>
<li>However China’s increasing new COVID cases with its ‘zero tolerance’ measures is expected to results in an unprecedented decline in auto sales in worst scenario.</li>
<li>We suggest to stay with pure EV players (Xpeng) and wait for better entry point for ICE players (Geely).</li>
</ul>


Short supply of LFP battery would not slow down the growth of EV sales. Only certain models might be affected short term.
However China’s increasing new COVID cases with its ‘zero tolerance’ measures is expected to results in an unprecedented decline in auto sales in worst scenario.
We suggest to stay with pure EV players (Xpeng) and wait for better entry point for ICE players (Geely).


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