17 October: The second round of detailed BEV & PHEV & FCEV sales results for September, including China, is uploaded to the DC-tool. Counting domestic production, most imports and LCVs (pending some late reported models) the China total stands at 353 900 units for September, +163 % higher than last year and a new record for a single month. The global total stands at 674 500 units (incl. 1455 FCEVs), which is a new all-time high and +92 % higher than September 2020. Markets worth ca 15 000 units are still to be reported before we can call the numbers final. While EVs post growth rates rarely seen before, total vehicle sales remain very weak. Europe passenger car sales are around -25 % lower y/y, USA -25 % , Japan -34 %, China -20 %. Shortage of micro-controllers and chips for ageing models is one reason. Simultaneously, we are now witnessing the long expected, broad shift of consumer demand into EVs. We have increased our forecast for 2021 to 6,84 million units BEV & PHEV, with supply constraints and sudden policy changes (China) being the main risks for continued, rapid EV growth.
From EV-Volumes! Looking good!!
ORE Price at posting:
$8.66 Sentiment: Buy Disclosure: Held
