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China specialist, Auto and Industrial specialist

Victoria Li

Thematic (Sector/Industry)

China Automobiles / Thematic (Sector/Industry)

<ul>
<li>2M2023 retail sales of passengers vehicles down 21% yoy, the biggest decline in 10 years.</li>
<li>Demand recovery is expected from March with signs of warming up starting in NEV segment after price cuts and local supportive police’s introduced </li>
<li>Cost friendly models would continue be preferred. i.e demand in mass market may be stronger than luxury market, PHEV segment may do better than BEV segment</li>
</ul>


2M2023 retail sales of passengers vehicles down 21% yoy, the biggest decline in 10 years.
Demand recovery is expected from March with signs of warming up starting in NEV segment after price cuts and local supportive police’s introduced 
Cost friendly models would continue be preferred. i.e demand in mass market may be stronger than luxury market, PHEV segment may do better than BEV segment


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