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William Li on Auto Competition: 10 Yrs to Enter Stable Phase, 5 Yrs to Reveal Basic Outline
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William Li, founder of NIO-SW (09866.HK), commented on the competition in the auto industry today (21st) at the Guangzhou auto show. Li said the auto industry competition has entered a final stage, believing that it takes 10 years for this endless competition to reach a stable state and five years for it to reveal a basic outline. Regarding how long this competition will last, Li confessed that it will go on endlessly. He also praised traditional Chinese private carmakers BYD COMPANY (01211.HK), GEELY AUTO (00175.HK), and GWMOTOR (02333.HK), firms comparable to NIO-SW, for performing very well. AAStocks Financial News |
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