Goldman Sachs (CH) EV Research Update Favors Geely due to KNDI JV...
(Excerpt from research note out today in China- You can get the link from my Stocktweet on the subject)
Automotive industry symposia / takeaways: Electric is the clear trend in the Chinese market
Category: Industry research institutions: Goldman Sachs Gao Hua Securities Company Limited Researcher: Yang Yipeng Date: 2014-11-26
"...Low-speed electric car companies and other enterprises are potential new entrants.
Because of the new energy vehicles (especially electric vehicles) require different competitive, we expect China's auto industry, potential new companies from entering the low-speed electric car companies (are rapidly upgrading its products and technologies) and other non-traditional businesses (as we visited an automotive design business plans to soon launch its own electric vehicles). Therefore, we expect the electric car market competition will be different from the current passenger car market.
The main components of the electric car companies most likely to benefit.
Because of the electric car will drive electric vehicle batteries, battery management systems, lightweight components, the demand for electric motors and other key components of the growth in car, so we believe that China's major parts manufacturers will benefit from the power of the trend. During the investigation, we also observed that these "early bird" parts enterprises are able to expand and technical preparation (acquired or self-developed) by producing a substantial growth in the future to actively preparing for new energy vehicles demand.
Motorized might reshape the automotive industry as a whole.
In our view, the electric car is the clear trend in the Chinese market, and may reshape the automotive industry as a whole; in our coverage, BYD / Geely (through its joint venture with Condit's) and other independent electric car leader in the most favorable position."
