This reflects a flawed understanding of China’s NEV market dynamics: ▪️ ~9.2M NEVs were produced in China in 2023 ▪️ The vast majority (~8M, or 86

This reflects a flawed understanding of China’s NEV market dynamics: ▪️ ~9.2M NEVs were produced in China in 2023 ▪️ The vast majority (~8M, or 86