EV Slowdown Concerns Eased As China's NEVs Show Strong Q3 Rebound: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
RBC Capital Markets analyst Tom Narayan reports a strong rebound in China's NEV market in Q3, easing concerns about an EV slowdown. PHEVs and BEVs both showed significant growth, with Tesla's sales in China increasing by 66% year-over-year.
October 15, 2024 | 6:10 pm
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Tesla's domestic retail sales in China increased by 66% year-over-year in September, aligning with the overall growth trend in the BEV market.
Tesla's significant year-over-year sales increase in China indicates strong demand and market position, likely boosting investor confidence and positively impacting short-term stock prices.
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