CatalystMacro

China's Auto Mkt in 1st 6 days of Sep.

NEV penetration rate hit 71.5%, sales down 3% YoY

What changed

NEV penetration rate hit 71.5%, sales down 3% YoY Overall mkt down 12% YoY ICE sales is just collapsing so fast. https://t.co/i917FlD4ZQ — via @tphuang

Why it matters

NEV penetration at 71.5% with overall China auto market down 12% YoY signals accelerating ICE collapse.

Sources

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