Why China's auto opportunities aren't just in electric cars

In China, of every 100 cars running on the road, only three are powered by electricity. And yet, investors are willing to pour billions of dollars into a vast number of loss-making electric car start-ups despite knowing that the majority of these startups will not be around in the long term.

So how does the savvy investor find opportunity in an auto market that still has much growth in it They could do far worse than turn to the traditional car-related sector.

As a bonus, some sub-sectors are in the value chain of both traditional and electric car industries auto parts, maintenance service and parking lots, for...