While the Western paddock debates carbon footprints, China’s NEV giants just set a new 40,000-unit baseline for basic survival.
The June delivery reports from the Middle Kingdom have landed with the force of a perfectly executed overtake at the hairpin.
For the chasing pack, 40,000 deliveries has emerged as the new psychological and operational dividing line.
The irony of this production scale is reflected in the financial markets, where we see the curious phenomenon of rising sales met with falling market caps.
While the Western paddock debates carbon footprints, China’s NEV giants just set a new 40,000-unit baseline for basic survival.