European EV sales hit a record
European EV sales were 92.9K units in June, an all-time record for the region, and surpassed China’s monthly EV sales for the fourth time in six months. European sales are now annualising at close to one million units, which would be a resounding result for the European industry in particular and the global battery industry in general. The strength in European EV sales despite Covid has been attributed to strong growth in fleet sales. Even though the consumer was weaker in March-April, fleet sales kept activity elevated. This is in contrast to the Chinese market where fleet sales in recent...