Xiaoyi Lei

Autos & Auto Parts, Industrials, Utilities & Alternative Energy

+852 3767 1126

Xiaoyi Lei is an equity research analyst at Jefferies HK, who lead the coverage of 26 stocks from OEMs, Auto Parts to HDTs, and build up the autos franchises through 1) in-depth research reports on new technologies that could define the future 2) strong corporate access resources 3) proprietary databases 4) regular expert call series and 5) frequent fieldtrips.

What I am Known For

  • In-depth understandings of automobile sector from OEM, auto parts to HDT, with franchise research in smart driving value chain.
  • A broad network of industry contacts in China that can provide insights into electrification and autonomous driving development.
  • Frequent channel checks and proprietary data to update investors with latest auto consumption trends.
  • Value-added fieldtrips focusing on primary companies and the latest trends that could define the future amid the industry reshuffle.(Jefferies AI in Vehicles, Huawei Value Chain Series Field Trips in 2024 )

How I am Different

  • Huawei ups its EV game, which will accelerate the development of China’s smart car ecosystem. Huawei announced that it will spin off its auto BU by forming a JV with Chang’an and has called on other partners to invest in the JV to turn its auto business into a profitable BU. We believe its partnerships with local OEMs and suppliers will benefit from Huawei’s move.
  • New opportunities emerge for local suppliers. For new sectors emerging with new E/E Architecture, local suppliers are beating out global Tier 1 in new order wins, thanks to their deep ties with rising domestic OEMs and better R&D efficiencies.
  • The robotaxi race is on. 1) govt policies aremore supportive of robotaxis now, opening up driverless services in 6 cities, 2) unit economics for robotaxis are significantly lower, making the business case more economically viable. 3) leading players have clear moat with high entry barriers in license, technology, and capital requirements.

Upcoming Corporate & Strategic Access

  • Jefferies AI in Vehicles FieldTrips
  • Monthly channel check call on major NEV brands
  • Pulse Check on HDT market
  • Huawei Value Chain Series Field Trips
  • Shanghai Auto Show Small Group Trip