A record 55.000 new passenger EV's were registered last month (August) in China, with the market growing 68% regarding the same month last year and pulling the YTD count to over 282.000 units, up 45% YoY. (http://ev-sales.blogspot.com.au/2017/09/china-august-2017.html).
Chinese EV Sales grew by 98.7% Year-on-Year, selling 103,000 units more than January to September 2016.
EV sales in September broke the record for most units sales set only last month. September sales grew 7% over that of the record figure of August 2017.
Global electric car sales finished August 2017 with over 103,000 sales for the month, up 64% on August 2016, and the second best month ever. Year to date sales are up 47% on the same period last year. Of note, 64% of all global electric car sales in 2017 are pure electric. (https://seekingalpha.com/article/4110953-ev-company-news-month-september-2017)
China, UK, France, Norway, Denmark plus numerous cities all banning ICE cars from 2025 - 2040.
Do I notice a trend here? Oversupply - I don't think so.............
GXY Price at posting:
$3.71 Sentiment: Buy Disclosure: Held
