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UBS Paul Gong: CN Automakers to Outperform Western Leaders in Product Competitiveness
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Regarding investors' increasing willingness for pricing the long-term potential of China's auto industry after the launch of DeepSeek, Paul Gong, Head of China Autos Research at UBS Investment Bank, listed five long-term arguments, including innovation & competitiveness, long-term potential market space & margin, competition between technology disruptors and existing practitioners, profit distribution between downstream and upstream and comparisons with US peers. Gong was more optimistic than the market about Chinese carmakers' innovation ability, and even believed that their products are more competitive than those of leading Western firms. Gong anticipated that global sales of Chinese autos could surge over 2x to 40 million units, from the current 18 million units. AAStocks Financial News |
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