Investor Presentation 2Q23
STEADY RECOVERY IN CHINA' SAUTO MARKET
Sales Volume of Passenger Cars and NEVs in China (MM)
4%
46
1.25
Sales Volume of Passanger Cars in China (MM)
■Sales Volume of NEVS in China (MM)
Penetration Rate of NEVS
52%
41%
33%
26%
13%
56
5%
5%
15.60
Growing technology
platform for car trading
services
11.40
9.09
6.87
3.51
1.37
1.21
31.25
30.00
27.40
27.00
26.42
27.55
27.80
24.20
2018
2019
2020
2021
2022
2023E
2024E
2025E
Sources: China Association of Automobile Manufacturers, European Automobile Manufacturers Association, CITIC Securities
Rapid development of
NEV technology
CANGO谷
Currently growth has flatted
but long-term potential
remains as China is the world's
largest auto market
Support from the central
government and favorable
industry policiesView entire presentation