With authorities scrutinised on $TENCENT(00700)$on many aspects, no doubt there have fallen off the altar temporarily. But i believe they will climb back to where they belong. Their prices are on discount and will reward their shareholders or believers well on the future.
Now with more and more countries pledging to a more eco-friendly environment, they are doing for zero combustion rate or no more fuel-performed vehicle, many EV comapnies have soared. Even many traditional car companies have evolve and pledge to go fully electrical by the end of this decade. EV is the only way forward. Companies who offer hardware or software needed for EV will bloom, and it is of no wonder the optimistism long term investment logic of new energy and lithium batteries are high right now.
BYD and Contemporary Amperex Tech will soar, but whether will they hold the altar seat remains to be seen in the future. With innovative, differentiation and no complacent by the companies, altar will be there for them.
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