WS #15067
Holding: newest synthesis is 14h 32m old
JPMorgan has downgraded XPEV, BYD, Geely, and Leapmotor to Neutral, citing structural demand weakness in China and escalating trade risks. This marks a significant shift in sentiment towards Chinese EV makers, suggesting that the tariff truce may not be enough to offset fundamental demand issues and geopolitical headwinds in the near term.
China Auto Sector Downturn
JPMorgan has downgraded XPEV, BYD, Geely, and Leapmotor to Neutral, citing structural demand weakness in China and escalating trade risks. This marks a significant shift in sentiment towards Chinese EV makers, suggesting that the tariff truce may not be enough to offset fundamental demand issues and geopolitical headwinds in the near term.