Morning Bites

🇨🇳Total car sales in China increased 34% YoY in February (vs. -1% YoY in January), which was likely associated with an earlier start of Lunar New Year in 2025

📌China’s new ICE car sales rose 12% YoY in February, vs. the -14% YoY in January. Meanwhile, the sales of local catalyst-containing cars (ICE+PHEV) were up 23% YoY, which would be a positive factor for PGM market fundamentals if it signalled the start of a sustainable trend, in our view. We also note that the Chinese automotive sector accounts for 20% and 17% of global Pd and Pt demand, respectively

📌New EV sales in China surged 87% YoY in February, vs. +29% YoY in January. Specifically, BEV sales (61% of total EV registrations) gained 85% YoY, while PHEVs also added 90% YoY

#cars #EV #nickel #lithium #cobalt
https://metals-wire.com/news-reports