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Chinese EV market profiled on 60 Minutes

Feb. 24, 2019 8:34 PM ETF, GM, TM, BYDDF, BYDDY, BMWYY, KNDI, NSANY, MBGAF, TSLA, GELYF, DNFGF, DNFGY, GELYY, GNZUF, GWLLF, GWLLY, CQCAF, GNZUY, VWAGY, NIOBy: Clark Schultz, SA News Editor196 Comments
  • 60 Minutes turned its attention to the Chinese electric vehicle market in a detailed segment.
  • The news show highlighted the massive support from the Chinese government for the electric vehicle industry, including the significant rebates and license waivers that help to prop up demand.
  • A lot of attention was paid to Nio (NYSE:NIO), even though the EV upstart only delivered about 10K vehicles last year. Nio's heavy focus on tech features and manufacturing innovation was profiled very favorably.
  • The point was made that Nio, just like the other dozens of Chinese EV manufacturers competing for market share, needs to convince consumers that it makes high quality cars.
  • Chinese automakers are also prepping to sell outside of their home turf. Nio is just one of about nine China-based automakers with operations on the West Coast of the U.S.
  • Investors have been bidding up select Chinese auto names. In the last month, Nio is up 23% and Kandi Technologies is 73% higher.
  • Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VWAGY, OTCPK:BMWYY, GM, OTCPK:GNZUF, OTCPK:GNZUY, TSLA, F, OTCPK:NSANY, TM.

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