The Sept China New Energy vehicle sales increased 55% from same period last year, including 107K personal vehicles and 15K commercial vehicles. The total sales for the first 9 months of 2018 surpassed the total sales of whole 2017 already. The more positive trend is that people are buying more bigger and longer range EVs. I am very confident that EV sales is going to surpass 1M for 2018 (currently at 720K), and not hard to reach 1.1M.
Leafy is launching in China last month, plus a few new sleek models of Chinese EVs coming up before the end of 2018.
AJM Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
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