01 Aug 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
China's manufacturing conditions deteriorated in July.
That’s our takeaway from the PMI data, released by the stats bureau (NBS) and Caixin on Wednesday and Thursday, respectively.
A quick refresher: A PMI reading above 50 indicates expansion; below 50 signals contraction.
The highlights:
The NBS...
September 11, 2024
China's new energy vehicle (NEV) segment performed exceedingly well in August, even as internal combustion engine (ICE) vehicle sales slumped. Per the China Passenger Car Association's (CPCA) August retail data, released Tuesday: NEV sales hit 1.027 million, up 43% y/y.… Read More »
September 11, 2024
China's auto exports saw notable growth in August, with strong gains in the internal combustion engine (ICE) segment and a modest recovery in the new energy vehicle (NEV) segment. Per the China Passenger Car Association's (CPCA) August data, released Tuesday:… Read More »
September 11, 2024
Regulators are moving to address the mounting stress new energy vehicles (NEVs) are placing on power grids. On Tuesday, the macro planner (NDRC) and three other agencies issued a notice to advance the national rollout of vehicle-to-grid (V2G) pilot projects.… Read More »