JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Investment Advisors

Investment Advisors, JL Warren Capital

Junheng Li

Thematic (Sector/Industry)

China Automobiles / Thematic (Sector/Industry)

<ul>
<li>We model GF3 production to reach 65+K, and <a href="https://www.smartkarma.com/entities/tesla-motors-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a>  to delivery 45-50K onshore in December, China is to reach ~30+% global deliveries. </li>
<li>We model <a href="https://www.smartkarma.com/entities/nio-inc" target="_blank" data-smartkarma-citation="entities:27399:1" rel="noopener">NIO Inc (NIO US)</a>  production to reach ~11K in December, Q4 deliveries are likely miss, without "manipulation"; </li>
<li>
<a href="https://www.smartkarma.com/entities/xpeng-inc" target="_blank" data-smartkarma-citation="entities:29217:1" rel="noopener">Xpeng (XPEV US)</a>  Zhaoqing factory production declines MoM, but Q4 deliveries are set to beat guidance due to stronger than expected G3i orders. </li>
</ul>


We model GF3 production to reach 65+K, and Tesla Motors (TSLA US)  to delivery 45-50K onshore in December, China is to reach ~30+% global deliveries. 
We model NIO Inc (NIO US)  production to reach ~11K in December, Q4 deliveries are likely miss, without "manipulation"; 

Xpeng (XPEV US)  Zhaoqing factory production declines MoM, but Q4 deliveries are set to beat guidance due to stronger than expected G3i orders. 


China NEV Week 49 2021 Update: TSLA, NIO, XPEV Production, Deliveries