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- China's wholesale sales of new energy passenger vehicles to be about 625K units, according to estimates released by the China Passenger Car Association (CPCA).
- A look at the NEV wholesale sales trend:
- For the current month, retail sales of new energy passenger vehicles in China are expected to reach 520,000 units, up 108.3% Y/Y and up 7% from July, as per China Passenger Car Association report.
- All passenger vehicle sales in China are expected to be 1.88M units in August, up 29.6% Y/Y and up 3.4% M/M.
- Tesla China's sales in August are expected to reach 77K units, which is up 173% from 28,217 units in July and 74% from 44,264 in the same month last year.
- BYD's (OTCPK:BYDDF) wholesale sales in August reached 174K units, top brand in NEV sales.
- EV manufacturers include: NIO (NIO); XPeng (XPEV); Li Auto (LI); Tesla (TSLA); BYD Company (OTCPK:BYDDF).
- Related ETFs: Global X Lithium & Battery Tech ETF (LIT); Global X Autonomous & Electric Vehicles ETF (DRIV); KraneShares Electric Vehicles & Future Mobility ETF (KARS); Simplify Volt RoboCar Disruption and Tech ETF (VCAR); SPDR S&P Kensho Smart Mobility ETF (HAIL)