UBS named electric vehicle stocks it likes in China and described one car as a "Chinese answer to Tesla Model 3."
It enjoyed some edge not only over foreign incumbents, but also Chinese EV startups," UBS analysts led by Paul Gong wrote in a Sept. 1 research note.
UBS described the Seal model as having a large interior space, with 5G connectivity and a rotating cockpit screen.
"The result is a decent alternative to Tesla Model 3 at 10-20% lower selling price," the analysts wrote.
Chinese EV stocks Alongside BYD, the bank is buy-rated on Great Wall Motor , which has several EV models.
Persons:
BYD, Paul Gong, — CNBC's Michael Bloom, Ganesh Rao
Organizations:
UBS, Tesla, China EV, Hong, Toyota, BYD, Li, Amperex Technology, Shenzhen Stock Exchange, VW, Renault
Locations:
China, Europe, Hong Kong