$LI AUTO-W(02015.HK)
$GWMOTOR(02333.HK)
China's new energy vehicles now account for nearly 50% of the overall auto sales market! Objectively speaking, it's hard to see significant further improvement in the short term. During the same period, the share of new energy vehicles in the U.S. market is less than 15%, and this proportion is unlikely to change much in the near future. The valuation levels of automakers are relatively limited, with leading automakers generally at 5-10 times P/E, while top brands like Ferrari and Porsche are at 15-20 times. Tesla is not considered a pure automaker (FSD and robotics).
FTSE A50 announced today that it will remove the above two automakers from its index, reflecting the market's judgment on them.
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