Vehicle sales in China continue to perform strongly.

October vehicle sales were up 13.8% y/y (from September's +9.5%)

  • YTD (January - October) vehicle sales were up 9.1% y/y (from January - September +4.6%)

New Energy Vehicles (NEV) sales knocked it out of the park with a 33.5% y/y rsie in October

  • YTD +37.8% y/y
china nev 10 November 2023

Little evidence of sloppy demand in this segment