China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.
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China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.
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About 116,000 vehicles were exported from China to the US in 2024 and were dominated by US-branded models, analysts said.
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As Nio's car sales rise, battery swap services are expected to see rapid growth, analysts said.
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BYD could become the "Toyota" of the global EV market, said JPMorgan.
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A Nio executive quoted the report's authors as saying it was their internal sharing of their recognition of the Nio brand and the battery swap model.
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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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The Onvo sub-brand will launch two SUVs in the second half of 2025, and the Nio brand's facelifted models will have larger sizes, lower costs, and more LiDARs, according to Goldman Sachs.
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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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Deutsche Bank said the Xpeng P7+ is competitively priced and is longer, taller and has a larger wheelbase compared to its class rivals.
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