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15 Sep

Posted at 14:36h in Event by

Click here to the audio link

01 SEP 2022

 

Bill Russo was a keynote speaker at Morgan Stanley’s Virtual Asia TMT Conference 2022 on September 1, 2022.  He spoke on the topic “China’s NEV Market in 2022 and Beyond”.

In 2022, we stand at the inflection point of a secular shift and rise of electric and autonomous mobility technology.

China has skillfully navigated its way to leadership in the mass commercialization of EV technology and aims to dominate the future of smart mobility technology and associated supply chains.

Global automakers have committed their capital plans and are investing in electric mobility platforms & technology. The pandemic has bifurcated the Eastern and Western markets.

Public private partnerships (PPP) are essential to spark innovation and to de-risk investments in new technology sectors (ICV/EV/AV) – Incumbents (especially if they are publicly listed) innovate incrementally due to risk aversion.

Investors have assigned huge market valuation to Tesla and a new class of Smart EV makers have emerged with “digital DNA”, but recent supply chain uncertainties have raised questions of sustainability of their performance

China seeks to commercialize EV and AV technology at scale, led by infrastructure investment. Early movers captured the momentum due to their EV conviction and absence of schizophrenic capital plans and carry-over bias.

 

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