Best Research Ideas

China’s Auto Evolution: Mapping the Next 10 Years

Jefferies maps out the potential technological evolution in China’s auto sector through 2030. China is and will remain the most important market given top-down directions and bottom-up aspirations. Jefferies details Top 10 industry trends, with a watchlist of 18 names. Initiating on four New Energy Vehicles, or NEV, players with two Holds, NIO and XPENG, and two Buys, Li and BLUEPARK, with updated numbers for Buy-rated BYD, NAVINFO and GOTION. Preference order is: BYD-A > BYD-H > BLUEPARK > LI AUTO > XPENG > NIO.

Alexious Lee, Head of China Strategy, Cap Goods & Industrials Research