Sign up to save your podcasts
Or
Share Why Did Electric Car Penetration Drop? Goldman Analyzes China Week 29 Data
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Why Did Electric Car Penetration Drop? Goldman Analyzes China Week 29 Data
Goldman's Week 29 report shows China electric vehicle registrations hit 214K units (+5% WoW) but penetration dropped to 55.2%. Key divergence: Onvo/Firefly/Luxeed surged 44%/40%/17%, while Tesla China lost 1.4pp market share. Price war continues: 60 official cuts YTD averaging 8%, dealer discounts narrowed to 8.02%. Battery-grade lithium carbonate up 4.7% but battery prices flat, highlighting supply chain resilience.
View all episodes
By Wall Street PodcastGoldman's Week 29 report shows China electric vehicle registrations hit 214K units (+5% WoW) but penetration dropped to 55.2%. Key divergence: Onvo/Firefly/Luxeed surged 44%/40%/17%, while Tesla China lost 1.4pp market share. Price war continues: 60 official cuts YTD averaging 8%, dealer discounts narrowed to 8.02%. Battery-grade lithium carbonate up 4.7% but battery prices flat, highlighting supply chain resilience.