182 days ago • Posted by Charles-Henry Monchau
Are Chinese Electric Vehicles the new MOAB (mother-of-all-bubbles)?
Chinese EV companies have rocketed to the moon recently. NIO now has a market cap of $54bn, Xpeng Auto $32bn (up +33% yesterday...) and Li Auto $15bn (up +27% yesterday and up another +18% pre-opening...). As reference point, you will find below their production numbers for October and year-to-date. To put things in perspective, General Motors produces almost 8 million vehicles per annum and his market cap is $56bn (so equivalent to NIO). Meanwhile, NIO is expected to produce around 45,000 vehicles this year, which is around 0.5% of GM production...(source of the chart: CPCA)