Demand is crashing in China since the subsidies reduction.
EV sales in Jul 19 down 5% compared to Jul 18
EV sales in Aug 19 down 16% compared to Aug 18
EV sales in Sep 19 down 34% compared to Sep 18
EV sales in Oct 19 down 46% compared to Oct 18, actually back to 2017 levels.
This is partially compensated by slightly more LCE being used per vehicle and Europe growth, but China still accounted for 57% of the world EV sales in H1Y19 so the impact is massive.
And the Chinese Government is looking at slashing subsidies even further.
The november and december months will be interesting to watch as they are historically the highest sales months for EVs.
This is a short/mid term problem as Growth from Europe come from a too low base to compensate for the EV sales slump in China and the US.
Purchase price parity is needed more than ever.
Growth won't be linear exponential (static CAGR) as Analysts have been wrongly forecasting in the last few years it will be explosive once purchase price parity is reached.
Be careful of your investment time frame.
Short term, get out imo.
Long term, use the opportunity to accumulate imo.
https://www.marklines.com/en/statistics/flash_sales/salesfig_china_2019
http://www.ev-volumes.com/country/china/
https://insideevs.com/news/381619/china-46-gwh-ev-batteries-deployed/
Demand is crashing in China since the subsidies reduction.EV...
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