Asian Insights SparX Regional Automobile, Oil & Metal Sectors DBS Group Research . Equity 17 JulyRefer 2018 to important disclosures at the end of this report Asia leapfrogs in E-mobility HSI: 28,481 Transportation sector one of the largest generators of ANALYST air pollutants in major global cities Rachel MIU +852 2863 8843
[email protected] Intensifying vehicle electrification could translate to Suvro Sarkar +65 81893144 electric vehicle (EV) penetration rate of over 20% by
[email protected] 2030 globally Pei Hwa HO +65 6682 3714
[email protected] For every two EVs sold globally, one will be in China, Lee Eun Young +65 6682 3708 creating a huge EV supply chain network
[email protected] Yi Seul SHIN +65 6682 3704 Expect Chinese upstream suppliers to benefit from
[email protected] robust development of global EV market Recommendation & valuation E-mobility is a game-changer. Electrification aims to address vehicle pollution. Western governments have plans to phase T arget out or cut fossil-fuel vehicle sales from 2025 to 2040. We Price Price PE Mk t Cap estimate global EV to account for some 20% of total vehicle Company Name Local$ Local$ Recom 18F x US$m sales by 2030, translating to about 27m units. With the rise in Battery EVs, approximately 6% of annual oil demand could disappear Contemporary Amperex 83.90 n.a. NR 55.1 27,566 by 2030. To power EV development, governments are leaning (300750 CH) more on clean energy and by 2030, half of the global energy Guoxuan High-Tech Co 13.64 n.a.