March should see a recovery on a MoM basis in NEV
The impact of low season + CNY holiday is far more emphasized this year than in previous years especially given the record-breaking sales in 4Q23 for NEVs in China.
Price cuts are taking place throughout the industry in a move to revive sales and keep buyers active during the lean months. March should see a recovery on a MoM basis. Needs 720k per month on average for the rest of the year to equal sales in 2023.
$BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ $Li Auto(LI)$ $LI AUTO-W(02015)$ $Tesla Motors(TSLA)$ $GEELY AUTO(00175)$ $Geely Automobile Holdings Ltd.(GELYY)$
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https://twitter.com/BrianTycangco/status/1764600581304275191
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