EV sales strong recovery in March from a disastrous Feb potentially underpinning the upturn in NdPr prices, need a few more months like that to build inertia and confirm a bottom.
China's new energy passenger vehicle sales rebounded significantly in March from the previous month, as production and sales returned to normal after the Chinese New Year holiday. March wholesale sales of passenger NEVs are estimated at 820,000 units, up 33 percent year-on-year and up 84 percent from February
Tesla (NASDAQ: TSLA) saw a significant rebound in China-made vehicles sold last month from the month before, as the effects of the Chinese New Year holiday subsided. The US electric vehicle maker sold 89,064 China-made cars in March, according to data released today by the China Passenger Car Association (CPCA). The monthly sales, which include exports from China to overseas markets, were essentially flat from 88,869 in the same month a year ago and up 47.54 percent from 60,365 in February
LYC Price at posting:
$5.67 Sentiment: Hold Disclosure: Held
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