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
Little evidence of sloppy demand in this segment