Mazdak
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- NEV sales in China grew 31% YoY in October, the highest growth rate since May.
- EV stocks, including Tesla, have been declining due to concerns of slowing growth.
- BYD has outperformed Tesla by offering lower-priced EVs in China.
- Li Auto’s market share in China increased to 4.5% in October, while Tesla’s slipped to 8.2%.
- Li Auto’s range-extended electric vehicle strategy has been successful in overcoming range anxiety.
- Stellantis plans to adopt a similar strategy with its upcoming Dodge Ram 1500 EV truck.