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EVs: Growth amid the pandemic (thanks to Europe), but

after a horrid period for China

China PV EV sales, monthly, 000 vehicles US PV EV sales, monthly, 000 vehicles
160 40
Chinese nickel sulphate production - down 22%
140 35
YTD: -28% YoY in H1 2020 but now recovering strongly
120 30
16000
100 25
80 20
60 15 YTD: -11% 14000
40 10
20 5
12000
-
- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
'000t Ni 10000
2019 2020 2019 2020
Europe PV EV sales, monthly, 000 vehicles Global EV sales, 000 units
120 300
YTD: +7% 8000
100 250
YTD: +123% 200
80 6000
60 150
40 100 4000
20 50 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20
0
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019 2020
2020 2019
Source: Rho Motion, SMM, Macquarie Commodities Strategy, October 2020
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