EV sales down m/m but still strong
In line with seasonal trends, Global EV sales fell m/m but were still very strong on a y/y basis. As we’ve noted before, EV sales are normally at their strongest in the fourth quarter of the year, and this trend was repeated in Q4/21. Global EV sales fell 34% m/m but were still up 87% y/y in January. China had a cracking month with a 113% y/y increase in sales, although Lunar New Year effects often distort data at this time of the year. Once again, it was the Wuling HongGuang Mini which dominated, although its market share appears to...