As Nio's car sales rise, battery swap services are expected to see rapid growth, analysts said.
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Category: Insights
BYD could become the "Toyota" of the global EV market, said JPMorgan.
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Goldman Sachs raised its EV sales forecast for Xiaomi, citing more favorable demand and manufacturing capacity outlook.
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Deutsche Bank forecasts the BYD brand to sell 5.1 million cars in 2025, Denza brand at 250,000 and Fang Cheng Bao at 160,000 cars.
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Deutsche Bank analysts expect the subsidies to drive full-year demand growth of 3 million units in 2025 and support double-digit growth in the second and third quarters.
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Deutsche Bank analysts expect deliveries to double in 2025 for both Nio and Xpeng, with Li Auto growing 40 percent.
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More promotion boosted December deliveries of the Nio brand, while the increase of Onvo was due to improving supply, said analysts at Deutsche Bank.
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Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
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Global public EV charging pile deployment is constrained by land availability and grid planning, compounded by slowing NEV market growth, TrendForce said.
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China's export growth for BEVs is expected to slow to 9 percent this year, with its contribution to passenger car exports falling to 19.0 percent in 2024 from 22.5 percent in 2023, Canalys said.
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