Consumer Discretionary
Sean Maher adds Geely to his autonomous driving thematic basket which also includes Denso, Renesas and General Motors. Sean notes that Geely is planning a 2024 commercial Level 4 self-driving launch (much sooner than consensus expectations). He is seeking more China exposure this year - the country is starting to lead in automated deployment and local stocks have derated dramatically despite world class IP. On the big question re. whether Level 4+ autonomy needs Lidar - Sean would continue to bet on ‘belt and braces’ hardware redundancy winning and the Chinese crashing the cost of Lidar sensors as they scale up.
Edition: 127
- 21 January, 2022