China’s NEV Growth Is Far From Over
To all those calling the end of China's NEV growth, take a good look at this chart.
Less than 10% of the total number of cars on China's roads are classified as New Energy Vehicles (NEVs).
If China were to announce a ban on new ICE vehicles from the market, NEV sales would nearly double overnight.
And if it were to announce an outright ban on ICE vehicles in the country, well, you get the picture.
Not saying they will do that. But if China wanted to boost economic growth, this would certainly be an option.
Yes, China's NEV sales are slowing after years of torrid growth. But it's merely taking a breather.
$BYD Co., Ltd.(BYDDF)$ $XPeng Inc.(XPEV)$ $Geely Automobile Holdings Ltd.(GELYF)$ $Li Auto(LI)$ $NIO Inc.(NIO)$ $ZEEKR(ZK)$ $Xiaomi Corp.(XIACF)$ $Tesla Motors(TSLA)$
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
