GP - EV Company News For The Month Of August 2021

• Global electric car sales for July 2021 were up 94% YoY reaching 7.1% share, third best month ever. China sales rose 143% YoY reaching 15% share.
• EV market news - Biden outlines target of 50% EV sales share in 2030. UBS forecasts 25% EVs by 2025 and 60-70% by 2030. Musk says EVs at "inflection point".
• EV company news - Tesla Cybertruck tracker pre-orders >1.2 million. VW working on smaller EV (ID.2). BYD launches Tang SUV in Norway. GM pauses Bolt production due to battery issues.
• Nio to release three new electric vehicles in 2022 as EV market nears “tipping point”. XPeng delivered 8,040 vehicles in July 2021, a record, up 228% YoY. Li Auto delivered 8,589 Li ONEs in July 2021, a record, up 251% YoY.

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