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Ping An Securities' Wang De'an: Break-even Point for New Auto Makers Requires Annual Revenue of RMB 125 Billion
4 day ago /
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Author：小编
At the 2025 China Auto Forum, Wang De'an, the Chief Analyst of Ping An Securities' Auto Industry, emphasized that new auto makers must generate substantial annual revenue to achieve break-even due to unexpectedly high R&D investments. He projects that leading new auto makers will allocate up to RMB 10 billion annually towards R&D, necessitating approximately RMB 125 billion in annual revenue to reach profitability.
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