HSBC Qianhai on China Automaker Earnings

The transcript discusses the current state and future outlook of the EV market, focusing on companies like BYD and NEO. It covers topics such as pricing strategies, volume targets, profitability, and market competition. The discussion also touches on valuation methodologies for EV makers and the potential for market consolidation. Key players like BYD and Tesla dominate the market, while new entrants face high competition. The importance of model launches, software innovation, and economic scale in determining future market leaders is emphasized.

How does the management view the competition from other brands like NEO?

What challenges do new entrants face in the EV market according to the discussion?

What criteria should be used to evaluate potential future leaders in the EV market?