China leads the trend of new energy EVs
First, I'd like to thank my team @Zeff The GreatOrganize data on EVs and new energy vehicles 🚗 in China. In January of this year, due to the sequelae of the epidemic, most people were diagnosed, leading to a slump in consumption, so sales declined. However, YOY continued to grow over the next few months, mainly due to policy promotion and efforts to reduce carbon emissions.
Overall car sales fell 2.9% in June, but EVs grew by more than 25%, and the performance was very impressive. Although the growth in total global automobile sales is limited, the growth potential of new energy vehicles in the next 10 years is limitless. The situation is similar to the fact that old phones were phased out and replaced with smartphones back then. The market is huge.
Many Malaysian companies are linked to EVs, including MPI, PENTA, ECA, and other related companies, are doing very well. I invested in EV-related stocks such as TESLA and WOLFSPEED, which I invested in the US stock market last year, all performed well.
Although AI is a big trend, let's not ignore that EVs are also a huge incremental market. Mutual hard work.
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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