Xiaoyi Lei

Xiaoyi Lei is a Senior Research Analyst at Jefferies Hong Kong, specializing in China autos and industrial sectors. She leads coverage of 27 stocks across OEMs, Auto Parts, and Heavy-Duty Trucks (HDTs). With the combination of deep dives on emerging technologies, frontline insights from end markets, and a global perspective, Xiaoyi strives to deliver alpha-generating ideas and high-impact research to global investors.

Industrials |Autos & Auto Parts | Utilities & Alternative Energy

What I am Known For

• Deliver high-conviction, non-consensus ideas on emerging themes such as robotaxi, LiDAR, and auto glass.
• Maintain a broad network of industry contacts and conduct on-the-ground checks to keep investors ahead of shifting auto consumption trends.
• Mobilize cross-sector resources to host thematic events that help clients connect the dots.
• Build comprehensive, high-frequency, multi-dimensional OEM databases from a global perspective, with detailed tracking of Chinese EV makers’ overseas expansion

How I am Different

• Among the earliest on the Street to cover the Huawei supply chain in 2021, and has remained ahead of the curve with consistent AI-related publications since 2023.
• First to issue a non-consensus call in 2022 that Fuyao Glass would double in three years.
• Identified HDT market cycles early, across both upswings and downturns.
• Initiated the view in early 2025 that second-tier EV players would reach breakeven and outperform top players.

Upcoming Corporate & Strategic Access

• Jefferies AI in Vehicles FieldTrips
• Monthly channel check call on major NEV brands CES Small Group Trip
• Pulse Check on HDT market
• Guangzhou Auto Show Small Group Trip Virtual Group Meeting with the Co-President of Leapmotor