JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Investment Advisors

China's Auto Sales Monthly Data - June 2017

TSLA China Shipment and Delivery Slowed in Q1 2017

China's Auto Sales Rebounded in July 2017

China's Auto Sales Decelerated Further in May; New Energy Policy Adds Extra Costs to All Auto OEMs

Investment Advisors, JL Warren Capital

Junheng Li

Thematic (Sector/Industry)

China Consumer durables and apparel / Thematic (Sector/Industry)

In 2017, mainland Chinese purchased 23.8 mm units of passenger vehicles (vs. 17.2 mm units in the US).  Last year, retail, wholesale, and production volumes each posted gains of 2%, 3%, and 3% year-over-year, respectively.Against the backdrop of strong domestic consumption, model and content upgrade trends, rising consumer loans, and a stable housing market, mid to high-end JV brands, specifically Beijing Benz (33% yoy), BMW Brilliance (25%) and GM (7%) all outperformed the low single digit…

 In 2017, mainland Chinese purchased 23.8 mm units of passenger vehicles (vs. 17.2 mm units in the US).  Last year, retail, wholesale, and production volumes each posted gains of 2%, 3%, and 3% year-over-year, respectively.Against the backdrop of strong domestic consumption, model and content upgrade trends, rising consumer loans, and a stable housing market, mid to high-end JV brands, specifically Beijing Benz (33% yoy), BMW Brilliance (25%) and GM (7%) all outperformed the low single digit…

China Auto 2017 Review: Geely's Inflection Pt, Industry's LSD Growth, Rising Auto Financing