A Deep Dive into China EV Space [VIDEO] - Automobility
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07 Jan A Deep Dive into China EV Space [VIDEO]

Posted at 17:01h in Event by

Click here to the audio link

 

Bill Russo was a keynote speaker at Morgan Stanley’s Virtual China New Economy Summit 2022 on January 5, 2022. He spoke on the topic “The Rise of Smart EV and the New Competitive Landscape in China: Tesla vs. Volkswagen vs. China’s EV Makers”.

In 2021, China passed the inflection point of a secular and generational shift with exponential rise of Smart EV technology. Automakers are now reallocating capital plans and investing in electric mobility platforms & technology, and the COVID-19 pandemic has bifurcated the Eastern and Western markets.

Investors have assigned huge market valuation to Tesla, and a new class of Chinese Smart EV makers (NIO, XPENG, Li Auto) are rising rapidly with “digital DNA”. Smart device makers (Xiaomi, Huawei, Apple) are the new entrants to this Smart EV game, who see the car as a platform for digital services and high-frequency user engagement.

This new class of Smart EV and Smart Device players are restructuring the traditional automotive value chain as vehicles become smart devices.

China leads the mass commercialization of Smart EV technology, and carmakers must learn the rules of this “new game”.

 

 

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