Aaron Wang
Autos & Auto Parts, Industrials, Utilities & Alternative Energy
What I am Known For
- In-depth understanding of major OEMs and the dynamics of autonomous driving value chain.
- A broad network of industry contacts in China who provide insights into electrification and autonomous driving development.
- Frequent channel checks and proprietary data to update investors with latest auto consumption trends.
How I am Different
We are the only team on the street covering the entire EV value chain from materials, batteries to OEMs, with proprietary databases and regular on-the-ground channel checks. Our research on the impact of Huawei’s value chain in 4Q21 and cautious view on battery value chain generated high interest from investors. We continue to favor quality upstream material and battery names with better earnings growth visibility either from m/s gains or structural growth from new technology trend.
Searching for shades of blue before entering the Red Sea. We have conducted a bottom-up analysis to measure the attractiveness of each price segment in 2023. We conclude that RMB100K-200K is the most attractive segment with large market size, low NEV penetration, and limited competitive supply in 2023. Excess supply in some premium BEV segments; OEMs must carve out their niches on more precise product positioning.
Smart glass – a safe spot amid the chaos. Auto glass looks poised to serve a more important role as a medium that helps the sensors collecting data. Auto glass suppliers haven’t felt the pinch of the OEM price war as their products are considered the selling points of vehicles instead of the focus for cost savings at the moment.