Engines and Pioneers: China's Auto Industry Heads Towards a New Decade
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Engines and Pioneers: China's Auto Industry Heads Towards a New Decade

Paid Research

Engines and Pioneers: China's Auto Industry Heads Towards a New Decade

Automotive Author:Linyan Feng Nov 06, 2020 10:00 AM (GMT+8)

ContributorsBob Wang

EditorLuke Sheehan

Pages25

CopyrightEqualOcean Intelligence

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Introduction

The worldwide pandemic of 2020 has accelerated the adoption of electric vehicles (EVs) and autonomous vehicles (AVs) with unprecedented speed. Governments, such as those of China, France, Italy, are using electric vehicle subsidies to stimulate the economy and build a more sustainable world. Original Equipment Manufacturers, like GM and Daimler, are taking the initiative and will take on higher AV- and EV-driven costs in the future. The game is on, and no one can risk missing the opportunity.

Highlights

  • NIO, Li Auto and Xpeng are making sizable net losses, but equity investors valued them at USD 53.7 billion, USD 21.6 billion, USD 21.5 billion as of Nov 4, 2020, respectively
  • Legacy automakers have been suffering, though they still maintain a high market cap; its stocks were not delivering good returns
  • Tesla's market dominance makes incumbents join the game – otherwise, they have to witness customers purchase EVs instead of ICE cars
  • We are optimistic about China's New Energy Vehicle (NEV) market, driven by government support, improving infrastructure along with the rise of local Chinese brands
  • China's dominance in EVs is continuing. The market sold ~1.2 million EVs, representing 57% of global sales

Contents

  • 1Introduction
  • 2Highlights
  • 32020 - The transformation year
  • 4EV at the tipping point
  • 5Case study: Li Auto
  • 6Case study: BYD
  • 7Autonomous car commercialization contest
  • 8Chinese tech giants' mega-billion game
  • 9Autonomous and electric systems
  • 10Case study: Huayu

Sector

Automotive

In this report

27 Charts

showcasing the current situation of the whole auto industry including EV and independent auto-makers

45 Companies

related to the auto industry are mentioned within this report, with two case studies of veteran automaker BYD and the Chinese EV upstart Li Auto

Related Companies

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About the research

EqualOcean Intelligence is the research and consulting division of EqualOcean. It provides market and investment analysis, as well as advisory services for global enterprises and public decision-makers. Widely recognized across a number of industries thanks to its service capacity and research methodology, EqualOcean Intelligence closely tracks cutting-edge technologies, applying unique frameworks and models to solve longstanding and emerging problems.

EqualOcean Intelligence's scope comprises eight major sectors: technology, consumer, healthcare, automotive, industrials, financials, communication and real estate. With over 100 experienced and qualified analysts at work, EqualOcean Intelligence is one of the few institutions delivering content in both English and Chinese, together with the requisite expertise to interpret both cultures. This rare talent mix is one of the reasons EqualOcean is widely quoted by so many top global publications.

Leveraging two major channels – EqualOcean.com and iyiou.com – and supported by a network of thousands of technology and industry experts, EqualOcean Intelligence is a highly competitive player in business analysis, in China and around the world.

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China NEV Intelligence Newsletter: NIO, Li Auto, Xpeng Motors, WM Motor, BYD, Tesla China
EO Intelligence: 'CATL Research Report 2020'
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