The South China Morning Post (SCMP) reported this morning how Nio’s sales jumped 38% during May, and how Li’s sales doubled during the month.
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The German bank, Deutsche Bank, which reviewed the report, said it estimated it was a direct warning that demand for electric vehicles would decline in the coming months. The bank did not change its recommendation for the stock, but it was heard that factors within it were very concerned about the future of the company.
Either way, it can be said that both the sales numbers shown by the Chinese manufacturing companies and Musk reports do not indicate a demand in demand for electric vehicles. On the other hand, the increase in the number of employees by Tesla’s CEO, along with the increase in Chinese sales show that the demand for electric vehicles is only expected to increase in the future.
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