China EV industry sell-off creates opportunity, says Morgan Stanley
CN EV Post
MARCH 20, 2023
That, combined with weak full-year sales following the stimulus withdrawal, could dampen sales volumes and margins for EV brands in the first half of 2023, the team said. Hsiao's team estimates a 20-25 percent drop in battery costs for major NEV makers, implying a 6-10 percentage point cost savings.
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