NEV Users to Get Better Customer Protection
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Le 17H00 26/11/2020
LE 17H00 26/11/2020 ATHLON FRANCE TRAVAILLE AU DÉPLOIEMENT D’UNE OFFRE DE MOBILITÉ Opérationnelle aux Pays-Bas, l’offre Athlon Flex, anciennement ChangeMyCar, sera testée en France en 2021 auprès d’un client pilote. « Athlon International avait conclu après une longue étude que les conducteurs avaient besoin de beaucoup plus de flexibilité, de pouvoir changer de voiture beaucoup plus souvent, alors que les contrats de LLD courent généralement sur trois ou quatre ans et bloquent tout changement sur cette période. Or il se trouve que la vie des conducteurs peut changer, ils peuvent par exemple avoir des enfants et avoir donc avoir besoin d’un véhicule plus grand », explique Gérard de Chalonge, directeur commercial et marketing d’Athlon France. L’idée centrale d’Athlon Flex est que les employés choisissent et modifient les solutions qui correspondent à leurs besoins de mobilité changeants. Un jeune diplômé qui commence tout juste son premier emploi peut combiner une voiture, un vélo et les transports en commun. Les employés peuvent conduire à une voiture électrique au quotidien tout en conservant la flexibilité nécessaire pour revenir à une voiture thermique pour les vacances. Les jeunes familles peuvent quant à elle passer à une voiture familiale pour s’adapter à leurs enfants. Il s’agit en quelque sorte d’un budget mobilité dernière génération qui repose sur une application mobile. La prochaine étape sera un déploiement sur le marché français. Gérard de Chalonge précise que l’offre sera testée en 2021 auprès d’un client pilote, l’objectif étant « d’adapter le dispositif à notre culture, au contexte et aux besoins locaux car la maturité des Pays-Bas sur les questions de mobilité est plus avancée que la nôtre ». -
Development & Policy Forecast for Global and Chinese NEV Markets
Development & Policy Forecast for Global and Chinese NEV Markets in 2021 Invited by China EV 100, officials and experts from domestic and foreign government agencies, industry associations, research institutions and businesses attended the 7th China EV 100 Forum in January 15-17, 2021. The summary below captures the observations and insight of the speakers at the forum on the industry trend and policy forecast in the world and China in 2021. Ⅰ. 2021 Global & China Auto Market Trend 1. In 2021, the global auto market may resume growth, and the NEV boom is set to continue. 2020 saw a prevalent downturn of the auto sector in major countries due to the onslaught of COVID-19, yet the sales of NEVs witnessed a spike despite the odds, with much greater penetration in various countries. The monthly penetration of electric vehicles in Germany jumped from 7% to 20% in half a year and is expected to hit 12% in 2020, up 220% year on year; Norway reported an 80% market share of EVs in November, which is projected to exceed 70% for the whole year, topping the global ranking. Multiple consultancy firms foresee a comeback of global sales growth and a continuance of NEV boom in 2021 as coronavirus eases. 2. China's auto market as a whole is expected to remain stable in 2021, 1 with a strong boost in NEV sales. In 2020, China spearheaded global NEV market growth with record sales of 1.367 million units. The Development Research Center of the State Council expects overall auto sales to grow slightly in 2021, which ranges 0-2%. -
AS of 03-Sep-2021 Solactive China Automobile Performance-Index
FACTSHEET - AS OF 24-Sep-2021 Solactive China Automobile Performance-Index DESCRIPTION The Solactive China Automobile Index tracks the performance of the biggest Chinese Companies active in the automobile sector. The index is calculated as a total return index in Euro and adjusted annually. HISTORICAL PERFORMANCE 500 400 300 200 100 Jan-2011 Jan-2012 Jan-2013 Jan-2014 Jan-2015 Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2020 Jan-2021 Solactive China Automobile Performance-Index CHARACTERISTICS ISIN / WKN DE000SLA0CA9 / SLA0CA Base Value / Base Date 100 Points / 25.10.2010 Bloomberg / Reuters SOLCA Index / .SOLCA Last Price 417.28 Index Calculator Solactive AG Dividends Reinvested (Total Return Index) Index Type Industry / Sector Calculation 09:00am to 10:30pm (CET), every 60 seconds Index Currency EUR History Available daily back to 25.10.2010 Index Members 14 FACTSHEET - AS OF 24-Sep-2021 Solactive China Automobile Performance-Index STATISTICS 30D 90D 180D 360D YTD Since Inception Performance -11.05% -10.11% 2.64% 46.01% -6.04% 315.08% Performance (p.a.) - - - - - 13.93% Volatility (p.a.) 29.21% 36.07% 31.25% 36.66% 34.70% 31.36% High 485.13 485.13 485.13 491.81 491.81 491.81 Low 417.28 417.28 363.82 285.78 363.82 56.41 Sharpe Ratio -2.58 -0.96 0.19 1.29 -0.22 0.46 Max. Drawdown -13.99% -13.99% -14.00% -26.02% -26.02% -50.32% VaR 95 \ 99 -57.3% \ -93.4% -49.5% \ -82.7% CVaR 95 \ 99 -76.9% \ -120.7% -70.2% \ -108.8% COMPOSITION BY CURRENCIES COMPOSITION BY COUNTRIES KY 46.7% HKD 80.2% CN 39.7% USD 19.8% US 13.6% TOP COMPONENTS AS OF 24-Sep-2021 -
Article No.12
Originally published on LinkedIn on 11th November 2020: https://www.linkedin.com/pulse/chinese- customer-premiumization-budgetization-product-dr-jan-burgard/ Dr. Jan Burgard Executive Partner; Co-Founder at Berylls Strategy Advisors 4 successful brand strategies for the Chinese automotive market in 2020 and 2021 Chinese OEMs and to a lesser extent Western brands are introducing a number of new upscale/premium and budget brands • Volume brands are pressured to opt for premium and/or budget strategies because markets drift apart • The budget strategy requires superior cost structure and the premium strategy means an uneasy uphill battle which quite a few players may fail. The world of gasoline vehicles is difficult to penetrate while NEVs offer vastly more new chances • Berylls has identified 4 key success factors for any OEM to successfully set up its own new premium or budget brand Market drifts apart Our “CUSTOMER BEHAVIOR IN THE FACE OF COVID-19” study has revealed some interesting findings. It shows that a large portion of Chinese consumers are planning to buy a premium vehicle despite the COVID-19 pandemic. BERYLLS STRATEGY ADVISORS GmbH CONTACT www.berylls.com Dr. Jan Burgard T +49 89 710 410 40-0 [email protected] Maximilianstraße 34 [email protected] 80539 Munich On the other hand, market share of local Chinese brands has been constantly increasing up until 2018. Chinese local brands are mostly volume/budget brands. It seems, the market is drifting apart. New brands change the landscape Just a few years ago the Chinese automotive landscape was clear. There were basically 4 types of players. -
Popular Chinese Nevs Slide in Value As Share Prices Tumble
16 | Monday, March 1, 2021 HONG KONG EDITION | CHINA DAILY 10 | Wednesday, March 6, 2019 CHINA DAILY Popular Chinese NEVs slide in Short Torque Tesla to cut Model 3 Foxconn, Fisker to production in the US team up on EV project Electric vehicle maker Tesla plans Electric vehicle maker Fisker said to slash production of the Model it will work with Apple supplier value as share prices tumble 3 sedan for two weeks, sources Foxconn to produce more than told Reuters on Thursday. It 250,000 vehicles a year from late comes at a time when demand is 2023. The deal, codenamed Over valuation in Nio, slowing for Tesla cars and the “Project PEAR” (Personal Electric market faces a chip shortage. Automotive Revolution), is look Xpeng and Li Auto They were not aware of the cause ing at markets globally including leave startups more of the production slowdown but North America, Europe, China susceptible to market one person said a chip shortage and India, Fisker said. Foxconn, may have influenced the produc Apple’s main iPhone maker, has volatility, fluctuations tion cutback, which would last ramped up its interest in electric until March 7. Tesla said last vehicles over the past year or so, month that it might face tempo announcing deals with Chinese By ZHANG DANDAN rary effects from a global semi electric vehicle maker Byton and [email protected] conductor shortage and logistics automaker Zhejiang Geely Hold disruption at ports. ing Group. hinese electric vehicle mak ers Nio, Xpeng and Li Auto Stellantis holds talks Goodyear gets its have experienced sharp declines in market value in on UK car plant future grips on Cooper Cthe past few weeks, as investor con Stellantis, the newlyformed Two of the biggestremaining US fidence wavers on multiple factors, European carmaker, said on tire companies are joining forces. -
Annual Report DBX ETF Trust
May 31, 2021 Annual Report DBX ETF Trust Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) Xtrackers MSCI All China Equity ETF (CN) Xtrackers MSCI China A Inclusion Equity ETF (ASHX) DBX ETF Trust Table of Contents Page Shareholder Letter ....................................................................... 1 Management’s Discussion of Fund Performance ............................................. 3 Performance Summary Xtrackers Harvest CSI 300 China A-Shares ETF ........................................... 6 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF .................................. 8 Xtrackers MSCI All China Equity ETF .................................................... 10 Xtrackers MSCI China A Inclusion Equity ETF ............................................ 12 Fees and Expenses ....................................................................... 14 Schedule of Investments Xtrackers Harvest CSI 300 China A-Shares ETF ........................................... 15 Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF .................................. 20 Xtrackers MSCI All China Equity ETF .................................................... 28 Xtrackers MSCI China A Inclusion Equity ETF ............................................ 33 Statements of Assets and Liabilities ........................................................ 42 Statements of Operations ................................................................. 43 Statements of Changes in Net -
NIO INC. (Ticker: NIO) LBIRLBIR Recommendation Recommendation
STOCK: NIO | 4/21/21 FIRST FOCUS NIO INC. (Ticker: NIO) LBIRLBIR Recommendation Recommendation Stock Price: $36.93 (4/21/21) Company Size: $55.9B Author: Janice Quek Industry: Alternative Energy Car Company Rank: 931 Sector: Consumer Cyclicals Manufacturers Nio is a leading Chinese smart electric vehicle manufacturer. IN THIS FIRST FOCUS WE’LL COVER: u Summary of the Business Nio designs and produces smart electric vehicles and offers a range of complementary services to Grab-and-Goä drive electric vehicle adoption and other revenue streams. THESIS u Recent Developments The pandemic impacted Nio’s sales adversely in An investment in Nio is a play on Q1FY20, but the company recovered well, returning premium electric vehicle demand in to pre-Covid production levels by the next quarter. China. The company is a leading It reported strong FY20 performance. manufacturer of premium smart u Competitive Environment electric vehicles in the country. Nio Nio is one of the leading electric vehicle brands in has a good competitive position and China. It has a premium, high performing vehicle can sustain or grow market share fleet, attractive battery swap design, strong support through innovation and aggressive infrastructure and solid branding, which are market penetration into China’s competitive strengths. smaller cities. u Conclusions/Recommendations We assess that Nio will grow rapidly in the next few years and has significant upside potential. We assign a “GREEN LIGHT” rating to Nio. SEEKING STOCKS THAT CAN DOUBLE IN 2-3 YEARS 1 LEFTBRAINIR.COM . 630-517-9300 0.94 STOCK: NIO | 4/21/21 FIRST FOCUS Data as of 4/21/21 unless specified Revenue Fwd $5,298M Enterprise Value: $55.9B Market Cap: $60.5B (TTM): ($2,355M) Fwd (TTM) 19.14x YTD Return: -24.23% RSI: 38.3 Price/Sales: (8.97x) Gross Margin Revenue Growth 11.7% 110.8% ROIC (TTM): -26.4% (TTM): (FWD, YoY): 200-day Moving 52-Week High: $66.99 52-Week Low $2.91 $35.22 Avg. -
In Focus: Electric Vehicles Market Trends and Value Chain Analysis Q1 2021
In Focus: Electric Vehicles Market trends and value chain analysis Q1 2021 Applied Value Empire State Building 350 Fifth Ave. Suite 5400 New York, NY 10118 Phone: +1 646 336 4971 www.appliedvaluegroup.com Market trends Value chain analysis Electric Vehicles – Market trends and value chain analysis 3 Mass adoption of electric vehicles is expected by 2030 as technology advances enable commercial viability and OEMs shift their focus to EVs Key stats for the 8.5m+ 2.7% 500+ 13 EV market EVs on the road EV share of total EV models expected Countries with plans today vehicle sales in 2020 globally by 2022 to phase out ICEs Electric vehicles are expected to become widely accepted over the next 5-10 years, driven by a few major factors, including consumer sentiment, commercial viability, OEM vehicle availability, and policy & legislation 2020+ 2025+ 2030+ 2040+ EV shift begins EVs widely accepted EV mass adoption Majority EV 80% EV as a popular choice EV as mainstream product 69% 62% 65% 60% 60% 44% 56% 40% 45% 37% China 21% 20% Europe 15% 23% US 7% Global 0% 2025 2030 2035 2040 Source: Bloomberg NEF, Electric Vehicle Outlook 2020, Applied Value analysis Electric Vehicles – Market trends and value chain analysis 4 Wide-scale changes are needed to support electric vehicle market growth over the next two decades 2025 2030 2040 EV widely accepted EV mass adoption Majority EV › › › › › › › › › › › › › › › Electric Vehicles – Market trends and value chain analysis 5 Four main factors will drive EV market growth over the coming decades 1 Consumer sentiment 2 Commercial viability Consumer support for EV has increased Large improvements in battery technology, drastically in the last two years light-weight materials, and infrastructure › >70% of consumers have changed › 85% decline in electric battery costs behavior to out of concern for climate since 2010 › 31% willing to choose EV when making › EVs offer ~40% lower operating costs next vehicle purchase vs. -
Catl (300750 Ch) Nio (Nio Us)
Industry Report | July 26, 2021 China EVs (Overweight) Market growth to exceed expectations Yongdai Park [email protected] Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT. Contents [Summary] 3 I. Auto market reported negative growth for three straight years 4 II. NEVs continue to see explosive demand growth 6 III. NEV sales to increase at 39% CAGR over the next five years 14 IV. Key recommendations 26 Global X China EV and Battery ETF (2845/9845 HK) BYD (002594 CH) CATL (300750 CH) NIO (NIO US) 2| China EVs Mirae Asset Securities Research Summary China’s EV market • We expect China’s electric vehicle (EV) market to expand at a CAGR of 39% over the next five years, growth to exceed with sales volume rising from 1.37mn units in 2020 to 7mn in 2025. expectations • China’s car ownership rate remains relatively low, at 17%. Factoring in the country’s economic/income growth prospects, we forecast sales volume to increase at 2% CAGR over the coming decade. • The market share of EVs is likely to increase steadily in line with the government’s long-term goal of achieving carbon neutrality by 2060 and the milestones laid out in the latest “Technology Roadmap for Energy Saving and New Energy Vehicles (NEVs)”. EV penetration stands at just 10% in China despite surging sales over the past year. • While competition will likely intensify in the EV market, we still see some investment opportunities. -
Chinese Firms Prepare to Charge Into Europe's Electric Car Market
News Opinion Sport Culture Lifestyle The Observer Chinese firms prepare to charge into Europe’s electric car market Jasper Jolly @jjpjolly Sat 17 Apr 2021 16.00 BST Tesla boss Elon Musk is not known for admiring his competition, but when Chinese manufacturer Nio made its 100,000th electric car last week, he offered his congratulations. It was a mark of respect from a chief executive who had been through “manufacturing hell” with his own company. Yet it is also a sign of the growing influence of China’s electric carmakers. They are hoping to stake out a spot among the heavyweights of the new industry and bring a significant new challenge to Tesla – and to the rest of the automotive industry as it scrambles to catch up. Tesla mania and cheap money have pushed the market valuations of a clutch of electric carmakers to astonishing levels. Tesla’s value topped $830bn (£600bn) in January (it is now down at about $700bn – still almost three times the size of its nearest rival, Japanese carmaker Toyota). Chinese rivals Nio, Xpeng and Li Auto have all rapidly risen in value to rival much bigger and longer-established manufacturers – despite having never made an annual profit – on the back of US stock market listings that brought access to retail investors, although their values have fallen steeply from highs earlier this year. Their fundraising successes have allowed them to pour money into competing with Tesla in China. Now they are eyeing the European electric car market – the biggest in the world. An XPeng P7 outside the New York Stock Exchange before the company’s IPO last year. -
Driving a Green Future: a Retrospective Review of China's Electric Vehicle
JANUARY 2021 DRIVING A GREEN FUTURE A RETROSPECTIVE REVIEW OF CHINA’S ELECTRIC VEHICLE DEVELOPMENT AND OUTLOOK FOR THE FUTURE Lingzhi Jin, Hui He, Hongyang Cui, Nic Lutsey, Chuqi Wu, Yidan Chu International Council on Clean Transportation Jin Zhu, Ying Xiong, Xi Liu China EV100 EXPERTS INTERVIEWED Yongwei Zhang, vice chairman and secretary-general, China EV100 Fan Dai, director, California-China Climate Institute Drew Kodjak, executive director, International Council on Clean Transportation Patricia Monahan, commissioner, California Energy Commission Margo Oge, former director, Office of Transportation and Air Quality, U.S. Environmental Protection Agency ACKNOWLEDGMENTS This study was supported by the Aspen Global Change Institute and Rockefeller Brothers Fund. The work was guided by Dr. Yongwei Zhang, vice chairman and secretary-general of China EV100. We are especially grateful for the expert advisory group contributions of Fan Dai, Drew Kodjak, Patricia Monahan, and Margo Oge, and for the constructive reviews from Dr. Yongwei Zhang, Dr. Bin Liu, Dr. Jianhua Chen, and Ms. Rui Zhao. However, their support and reviews do not imply any endorsement, and any errors are the authors’ own. ABOUT THE ICCT The International Council on Clean Transportation (ICCT) is an independent nonprofit organization founded to provide first-rate, unbiased technical research and scientific analysis to environmental regulators. Its mission is to improve the environmental performance and energy efficiency of road, marine, and air transportation to benefit public health and mitigate climate change. ABOUT CHINA EV100 China EV100 is a nonprofit organization and third-party think tank aiming to encourage the development of the electric vehicle and intelligent and connected vehicle industries. -
Geely Automobile
Equity Research 8 January 2021 Company update Research Team Geely Automobile China | Automobiles Rating BUY (as at 8 January 2021) Last Close HKD 27.80 Fair Value HKD 32.80 Recovery gathers momentum Security information • Solid December 2020 sales volumes, up +19% from a Ticker 175 HK year ago and marking the highest monthly volumes Market Cap (HKD bn) 272.93 achieved over the past twenty-three months. Daily Turnov er (HKD m) 1,654.84 • 2021 passenger vehicle sales target of 1.53mn units Free Float 58% was set, implying a bullish growth of +16% yoy Shares Outstanding (m) 9,167 expected. Top Shareholder PROPER GLORY HOLDING 26.86% • Lifting our estimates and fair value to HKD32.80, reflecting management’s latest positive guidance of Price performance chart an improved business outlook, solid model cycle 50 120 which includes NEV vehicles and should help 40 100 underpin Geely’s valuations. 80 30 60 20 Investment thesis 40 As one of China’s leading auto-manufacturers, Geely 10 20 differentiates itself through the successful development 0 0 and launch of its own lower-priced models. Despite Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 intense competition, Geely has seen steady domestic 175 HK Equity MXCN Index (RHS) retail market share gains over the past decade to ~6.5%, with sales of more than 1.3 mn cars in 2019. Given Financial summary the highly competitive, cyclical and capital-intensive CNY mn 2019 2020E 2021E characteristics of the global auto manufacturing industry, we are selective within the sector.