ATHM: Higher EV Car Sales Positive For ATHM’s 4Q23 Performance Along With Improving Auto Industry
ATHM will report 4Q23 results on February 6th before the markets open with a 7am ET conference call. We are positive about ATHM’s 4Q23 performance. The auto market in China appears to be improving, as China's passenger car retail sales in 2023 rose 5.6% from the previous year to 21.7 million units, according to the China Passenger Car Market Information Association. That's up from 1.9% in 2022 when China was under strict Covid policies. Among that, the cumulative sales of new energy vehicles (EV) were 3 million, a Y/Y increase of 62.3%. The higher growth of EV cars is the driver for ATHM’s stable business performance.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.