EV, autonomous driving, robotics, new energy, China consumption & Chinese brands going global
2025Q3 Portfolio Review (Part 3)
In Part 1, I gave you the rough overview of the themes in my portfolio, and how I see China consumption, global decoupling, and generative AI as my top themes. In Part 2, I specifically discussed my long-term conviction in copper.
In Part 3, I will finish the review for this quarter, including:
My view on “disruptive transportation”, my catch-all phrase for the AV/EV space
Why is my enthusiasm for green energy not high, and for robotics, non-existent
Several key sub-themes of “China consumption”, including outdoor activities, property management, after-school education, and food & beverages
How I play the “go global” trend of Chinese brands
Disruptive transportation
Another significant theme I am watching and waiting for is the historic disruption in transportation, in the form of both electrification and autonomous driving.
The story of electrification is well-established. I used to hold significant shares of both BYD (1211.HK) and CATL (3750.HK), but I have sold most of them this year. In…
