Cui Dongshu: Traditional car companies have relatively low valuations, while new forces and Tesla valuations are favored by investors.

Wisdom Financial App learned that Cui Dongshu, the Secretary-General of the China Association of Automobile Manufacturers, released the "Analysis of Changes in Market Value of Automobile Listed Companies - October", in which he pointed out that in terms of price-to-book ratio, the price-to-book ratio of some companies has dropped significantly. For example, the price-to-book ratio of Stellantis is only 0.3, while Honda's price-to-book ratio is only 0.5. General Motors and Ford have a price-to-book ratio of 1. Overall, the valuation of traditional international car companies is relatively low, while new energy companies such as Tesla are favored by investors.