Piper on China EVs: 'China Picture Book Reveals Rising EV Penetration, and this Time it's Sustainable' (TSLA)

August 31, 2020 8:32 AM EDT
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Analyst Alexander Potter comments "See pages 2-30 for this month's edition of the China Picture Book. The charts reveal some notable trends in the electric vehicle (EV) space, where Tesla and a few others are pushing penetration higher. Unlike in the past, we think this latest increase in EV sales is probably sustainable, due to higher EV quality and lower reliance on subsidies. Also, in the broader auto market, strength in August suggests that an upward revision to our 2020 forecast may be necessary."

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