Chinese NEV retail sales keep on going from strength to...

Chinese NEV retail sales keep on going from strength to strength. There are seasonal factors in Chinese sales with the end of quarter, half year and end of year normally being peaks. As shown with the added blue circles, even when demand is growing strongly its normal for July to be at best equal to June. On the preliminary data, July is up on June. Demand in China is strong and China is the biggest market for EV's in the world, if Europe/US were to strengthen the demand picture would quickly gobble up the supply coming online.

As another critical moment, NEV sales have now broken through 50% of total sales so sales of a vehicles with a power plug now exceed those without a power plug. Some of this is plug in hybrids but China is clearly in a group of leading adoption countries including Norway, Iceland, Sweden and Netherland.