Talk about a red-hot market
Talk about a red-hot market.
China's overall car sales are up 7% YoY in March alone, with NEV sales +28 to nearly 700k units.
Real estate might be sluggish but the consumer is alive and strong - and just waiting for better deals & more interesting models.
$BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ $GEELY AUTO(00175)$ $Geely Automobile Holdings Ltd.(GELYY)$ $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ $Li Auto(LI)$ $LI AUTO-W(02015)$ $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ Huawei
Stronger tailwind for the Chinese EV industry.
https://twitter.com/BrianTycangco/status/1775674355588198445
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