$NIO Inc.(NIO)$ UPDATE: China’-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$NIO Inc.(NIO)$ UPDATE: China’s Electric Car Boom Is Expected To Slow Down In 2025

“BEIJING — China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.

Sales of new energy vehicles, a category which includes battery-only and hybrid-powered cars, surged last year by 42% to nearly 11 million units, according to the China Passenger Car Association. Market leader BYD

’s NEV sales skyrocketed — up by more than 40% last year to nearly 4.3 million units, far above its internal target of at least 20% growth from 2023.

But looking ahead, HSBC analysts forecast only a 20% increase in China’s new energy vehicle sales this year, alongside heightened industry consolidation. They predict BYD unit sales growth of around 14%.”

$Li Auto(LI)$ $XPeng Inc.(XPEV)$

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