EV makers XPeng and Nio face high valuations, while CATL and GWM are preferred by UBS

From Investing.com: 2024-10-09 09:43:55

Chinese EV makers XPeng and Nio are experiencing high expectations in the market, with the China auto sector seeing a 30-50% surge due to policy loosening measures. Although Chinese automakers represent 13% of the global car market capitalization, XPeng and Nio are cautioned for their high valuations by UBS analysts. However, UBS remains optimistic about CATL and GWM, citing better valuations and growth potential in the market. Investors are advised to be selective within the Chinese auto sector, with CATL and GWM being the most preferred stocks.



Read more at Investing.com: EV makers XPeng, Nio shares pricing in high expectations after recent rally: UBS By Investing.com