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Morgan Stanley says this is the stock to play China's EV industry consolidation

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Zeekr Intelligent Technology Holding Ltd,Geely Automobile Holdings Ltd,Market Insider

The firm has resumed coverage of a Chinese automaker with an overweight rating on expectations it can weather macro and industry uncertainties.

Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. Fierce competition in China's new energy vehicle market, which includes battery- and hybrid-powered cars, has increasingly forced automakers to cut prices and add features if they are to survive.

exports under Lynk & Co and potential overseas expansion for Zeekr ," the report said. is the acronym for plug-in hybrid electric vehicle. Hangzhou-based Geely entered China's auto industry in 1997 and is known for acquiring Volvo in 2010. Geely has a wide number of other subsidiaries, which include Polestar, Lynk & Co. and the electric car brand Zeekr that listed in New York earlier this year .

 

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