Potential customers chat near a NIO ES6 electric vehicle in Beijing, on November 28, 2020. Despite rapid growth, electric vehicles still make up only around 5 per cent of China’s car market. Photo: VCG via Getty Images Potential customers chat near a NIO ES6 electric vehicle in Beijing, on November 28, 2020. Despite rapid growth, electric vehicles still make up only around 5 per cent of China’s car market. Photo: VCG via Getty Images
Potential customers chat near a NIO ES6 electric vehicle in Beijing, on November 28, 2020. Despite rapid growth, electric vehicles still make up only around 5 per cent of China’s car market. Photo: VCG via Getty Images
Chaoping Zhu
Opinion

Opinion

Macroscope by Chaoping Zhu

How do you pick the next Tesla stock winner in China’s booming EV market?

  • Given how quickly electric vehicle companies’ stock prices have rocketed, a short-term correction seems likely. But, in the long term, the sector is supported by structural trends which underpin the case for investing. Here are three things to focus on

Potential customers chat near a NIO ES6 electric vehicle in Beijing, on November 28, 2020. Despite rapid growth, electric vehicles still make up only around 5 per cent of China’s car market. Photo: VCG via Getty Images Potential customers chat near a NIO ES6 electric vehicle in Beijing, on November 28, 2020. Despite rapid growth, electric vehicles still make up only around 5 per cent of China’s car market. Photo: VCG via Getty Images
Potential customers chat near a NIO ES6 electric vehicle in Beijing, on November 28, 2020. Despite rapid growth, electric vehicles still make up only around 5 per cent of China’s car market. Photo: VCG via Getty Images
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Chaoping Zhu

Chaoping Zhu

Chaoping Zhu is a Shanghai-based global market strategist at JP Morgan Asset Management. Prior to joining J.P. Morgan in 2017, Chaoping served as China economist at UOB Kay Hian. He also served as a research analyst at the Brookings Institution and Tudor Investment Corporation.