• 13.05.2024

TOP AUTO NEWS

Auto news from China

Ren Zeping Predicts Xiaomi Car Prices & Investment Trends in New Energy Vehicles

Mar 28, 2024

On March 27, renowned economist Ren Zeping visited JD Finance to discuss “New Energy Vehicles: A New Investment Trend” with everyone. That day, just before the official launch of the Xiaomi SU 7 car, Ren Zeping predicted: “The base model of the Xiaomi car may be priced at 250,000 yuan (34590$), while the high-end model will be over 300,000 yuan (41510$).” He also urged everyone to “cheer for entrepreneurs like Lei Jun.” Ren Zeping pointed out that as a C-segment car, the pricing of this car will not be too low. Currently, new energy vehicles are mainly concentrated in the A-segment, accounting for 38.5% of the market share of new energy passenger cars, which is the most competitive market.

Ren Zeping Predicts Xiaomi Car Prices & Investment Trends in New Energy Vehicles

He believes that Lei Jun had a knot before: making phones used to represent cost-effectiveness, wanting to move upmarket, so he pinned his dream on cars. Tesla started from the top down, and Xiaomi should take the same approach: raise the brand tone and move from the top down easily. After launching this car, Ren Zeping predicts: Xiaomi will also launch a B-class car and join more intense competition. “As long as we make products with good intentions, entering the top three is just a matter of time.” He also said: Not investing in new energy now is like not buying a house 20 years ago. “Investing in new energy is never too late.” When it comes to the new energy industry, people are not only concerned about buying cars, but also whether there is an opportunity to make money. Ren Zeping believes that first, we need to see the future economic growth engine clearly: “In the first half of the new energy game, we look at lithium batteries, and in the second half, we look at energy storage, hydrogen energy, and smart driving.” This year’s two sessions report mentioned hydrogen energy for the first time, and Ren Zeping himself has repeatedly called for early layout of hydrogen energy infrastructure, which may bring a new round of investment opportunities. “Lithium + hydrogen = new oil,” Ren Zeping said.

Ren Zeping Predicts Xiaomi Car Prices & Investment Trends in New Energy Vehicles

Ren Zeping also recommends paying attention to Xiaomi’s supply chain. If cars sell well, it will definitely drive opportunities in the supply chain. Another saying goes, “Better to buy Tesla stock than Tesla cars.” In the case of Xiaomi, if the cars sell well, the stock of Xiaomi and its supply chain should appreciate the most. Recently, public mutual funds have rebounded and gold investment is hot. Jingdong Finance invited Ren Zeping to share, hoping to help everyone better capture investment opportunities. Jingdong Finance keenly captures trends and has launched a variety of investment products: Jingdong Financial Equity Card, after purchasing a 99 yuan (10$) annual card, not only can enjoy fund subscription and redemption at 0 fees, making fund purchases more cost-effective, but also receive a Jingdong PLUS membership annual card; Jingdong Financial Gold Accumulation Gold allows flexible buying and selling, real-time arrival of funds, continuous interest during the holding period, and can also be exchanged for physical gold. In various investment and financial activities, Jingdong Finance is providing the most cost-effective products and channels.