Chinese EV sales recover in November
After four months of moribund sales between July and October, there was finally a bounce in Chinese EV sales in November as they recovered to 83,200 units, their highest level since June. They are still down in y/y terms and there has been nothing of the seasonal strength that would be expected from the Chinese market, but there are indications from dealerships that they feel that the worst may be over for now. Europe was a bright spot, however, and sales continued to rise, both in absolute and y/y terms. If 2020 remains a relatively slow growth environment in China then Europe may be biting at China’s heels by the end of the...