I'm not sure about EV manufacturers. As far as I know, even Tesla hasn't had a profitable year yet. However, I'm interested in 4 Chinese EV battery makers:Any one here invested in NIO ? I personally have lots of shares and long position in NIO. NIO finally had record delivery of EV sales and will be profitable by end of year. But i am concerned why there are so many EV startups and most of them are already bankrupt? Even in hayday of automotive boom there were hardly less than 20 dozone automotive companies in the world. Can’t china curb on numbers of EV startups and companies in china so that only promising company can use government grant and produce world standard companies? And are you guys sceptical about NIO sales after Luckin coffee debacle ?
Xpeng and NIO will have to complete crash saftey certification to enter european market. After that they can be sold in Europe. My preference are Xpeng for sedan and NIO for SUV. There is so much hype around NIO at the moment and its US Adr shares are expected to cross 10$/share this week. These two companies are gonna smash public perception about Chinese automotive industries.NIO is certainly interesting. At least their achievements (fastest car around the ring, autonomous racecar around a track, global talents, battery changing stations taking minutes rather than charging) have convinced me that NIO is one of the better Chinese EV companies. Not sure about the business side but their technical and operational innovations are impressive. Chinese EV battery tech is world leading. Then again there are only three frontrunning players in battery tech - Japan, USA, and China.
Another Chinese EV that I think hasn't been mentioned by supercat is XPeng. All the specs are on par. The cars also look much nicer than Teslas (designed rather ugly) but still have that Tesla-ish EV look about them... just designed better and executed hopefully better. Teslas fall apart just youtube owners troubles with Tesla. NIO products are almost as pricey as Tesla though.
NIO has some interestingly implemented narrow AI. Not sure what XPeng's niche is but they look sweet to me. Don't think these brands will ever come to market in five eyes land though.
CNN bias involved... trying to make it seem like a blunder move or incompetence and dodgy China at it again kind of news. Energy is useful to China. It'll get used for its intended purpose. Just a few weeks maybe a month of surplus. Big deal. Does the petroleum degrade in those tankers more than in your car for a month? I've had 92 octane petrol in my tank for three months and works like it does new. Maybe evaporation will reduce some tiny insignificantly important volumeHi Tam
Im not a trader ,but buy low sell high. Do you think China will resell it at a higher price, oil is already there , the future market rate is inching up.