Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
The EV market in 23Q2: Price cuts and rising inventories
Event Description
Ended
EV Market Q2 Update 📢 - PWC data shows that BEV sales in all 20 analyzed markets increased 52% in Q2 2023 YoY. - While the U.S. and China c Show More
EV Market Q2 Update 📢
- PWC data shows that BEV sales in all 20 analyzed markets increased 52% in Q2 2023 YoY.
- While the U.S. and China continue to increase EV-related investments, demand for EVs has fallen short of expectations, leading to inventory buildups.
- EV makers continue to engage in a discount war as they battle for market share, a battle that has now spread to Europe.

EV Makers' Earning Spotlights 💡
- $Tesla (TSLA.US)$ s gross margin continued to be under pressure due to price cuts while sales grew steadily.
- $NIO Inc (NIO.US)$ and $Lucid Group (LCID.US)$ sales declined YoY due to weaker-than-expected demand, while $Li Auto (LI.US)$ , $XPeng (XPEV.US)$ , and $Rivian Automotive (RIVN.US)$ achieved growth through a shift in strategy.
- Nonetheless, EV companies remain optimistic about delivery expectations for the second half of the year.

What's your investment idea? 🗯️
- Are you satisfied with the Q2 delivery results?
- Are you optimistic about delivery in the second half of the year?

Rewards:
1) The writers of the top 6 posts will be awarded 1,000 points each. Posting your trading records can increase your chances of winning the prize.
2) Every mooer participate in above topic and post relevant content will get 200 points!
*The selection is based on post originality, quality, and user engagement.

Time: Now - 13 September, 08:59 AM EDT/08:59 PM SGT/11:59 PM AEST
Views
4.2M
Posts
78
Join event
Latest
Hot
Related Stocks
  • TSLA
    Tesla
    177.020
    -1.56%
  • NIO
    NIO Inc
    4.629
    -0.88%
  • LI
    Li Auto
    30.630
    +1.49%
  • XPEV
    XPeng
    7.800
    -0.13%
  • GM
    General Motors
    45.325
    +1.65%