2020 EVOLUTION OF THE GLOBAL BEV MARKET

Note that this chart shows CUMULATIVE sales through each quarter

Industry momentum really built up in 2020 Q3

But contrary to some viewpoints the real battleground was not in Europe

Note that all of these four leading names lost global Market Share to “someone else” . . .

. . . and that someone else was predominantly in China

CHINA BEV VOLUME - MONTHLY

- recovered from COVID-19 the fastest of all regional markets

- and has been steadily growing stronger

The message is clear :

- be there or risk being left behind

CHINA BEV VOLUME - QUARTERLY

Local players are gaining momentum

CHINA BEV MARKET SHARE - QUARTERLY

While Tesla continues to be the Market Leader

This was the leaderboard in 2020 Q1

And here is how it had evolved by 2020 Q2

- on a cumulative basis

We don’t have the chart for 2020 Q3 yet, but here is 2020 YTD through August

- and we can see the little Wuling HongGuang MINI EV starting to show up in the rankings in fifth place

Wuling HongGuang MINI EV