China forges ahead in EV sales; US/EU subdued
There was a substantial bifurcation in EV sales in August, with Chinese EV sales accelerating after July’s slowdown, but sales in both the US and Europe continuing to slow. It seems to be the global chip shortage which is causing the problems, with US and European OEMs struggling with output of both ICEs and EVs. While there have been some more positive indications in recent weeks from Malaysia, a key chip manufacturer, transportation and supply chain issues are still ongoing. China, by nature of its proximity to the major chip producing countries of southern Asia, is benefiting first. It could...
Topics
Batteries
China
Europe
EVs
US
