UBS Paul Gong on China's EV Auto Sector

The video discusses the current state of the auto industry in China, focusing on supply chain disruptions and demand bottlenecks. It highlights the challenges of rising inventories and competition, particularly in the electric vehicle (EV) market. The discussion includes historical context, the impact of power shortages, and the role of tax incentives in shaping market dynamics. The video concludes with an analysis of the competitive landscape, noting the dominance of local players in the Chinese EV market.

What impact did the pandemic have on the supply chain and production levels in China?

How do the current tax waivers and subsidies affect the sales of ICE and EV cars?

In your opinion, which group has a competitive edge in the automotive market, foreign makers or local players?