Now Chinese automakers' next move is to capitalize on exports, a recent Morgan Stanley note said.
But some of that car-buying demand in China starting to wane, according to an August 17 note from Morgan Stanley.
"We're still growing our market share in China," Tesla SVP of automotive Tom Zhu said at the firm's Investor Day in March.
But while early cuts might have sparked demand, Morgan Stanley analysts called "Tesla's further promotional activity of particular concern."
Chinese companies are forging ahead elsewhere while domestic demand easesThird, this just means that the Chinese companies will continue their push across the globe.
Persons:
Tesla, Morgan Stanley, NEVs, Ford, Jim Farley, BEV, John Lawler, Tom Zhu
Organizations:
EV, Morning, Tesla, Ford, GM, Automobility, Deutsche Bank, KPMG —
Locations:
China, Europe