Episode 121 - China extends NEV purchase tax exemption, Unpacking VW Capital Markets Day, NIO recruits another investor

In this episode, Lei broadcasts for the first time in Beijing and Lei talks about his immediate thoughts about being back while Tu reflects on some of his experiences driving in Beijing and China. Tu and Lei then shift the discussion over to the China NEV purchase tax exemptions and the announcement that they’d be extended but capped while also being reduced over time. Both Tu and Lei expected this announcement while Lei throws out how much the exemptions have totaled to date. Tu expects that we should know by the beginning of Q4’23 whether the exemption extension helps boost sales.Tu shifts topics to Volkswagen’s Capital Markets day and Tu and Lei spend a few minutes unpacking their thoughts and interpretations about what was announced. Tu then asks for Lei’s thoughts on the $700M investment from the investment arm of the Abu Dhabi government totaling ~7% of the company. The podcast ends with Tu discussing some of the things that he thought were interesting this week that he wrote about in the SAI Newsletter. Support the show