If there was any debate still on whether EVs will ultimately rule the Chinese auto landscape, then Bernstein’s Eunice Lee thinks the company’s latest findings are conclusive. “Our proprietary research shows EV purchase intentions among Chinese consumers have meaningfully picked up in the last year,” the analyst said, “And affiliation to the EV startup brands is surprisingly high.” By 2025, Lee expects EVs to make up 25% of the Chinese auto market and this should rise to 43% by by 2030, marking EVs as the “future” of the Chinese auto industry. This must be good news, then, for the company dubbed “the Chinese Tesla” – Nio (NIO).
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NIO (NYSE:NIO)
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