Moving towards sustainable mobility
• Global automakers are at the front of the race to integrate climate-related
issues into their business strategies; sustainable investing rewards EV automobile companies with higher valuation multiples and easier access to the green bond market
• Chinese automakers are stepping up to improve their sustainable mobility initiatives and climate-related financial disclosures
• The global EV industry is expected to require new investments of US$200-
300bn during 2021-2025 to support rising vehicle electrification, and about half will be in China. By 2040, China is expected to achieve c.20m EV sales, representing c.40% of global sales
• BYD (1211 HK), Guangzhou Auto (GAC; 2238 HK) and Great Wall Motor
(GWM; 2333 HK) stand out among Chinese peers as EV market leader and
improving climate-related disclosure on mid-term EV development and
sales ratios