Edgewater Research: Electronics Supply Chain Weekly Digest July 14

July 14, 2023

Important Disclosures in the Appendix

A weekly collection of news summaries, survey results and channel insights, and report summaries from Edgewater Research

DATAPOINT OF THE WEEK:

China passenger car production and sales declined (3%) Y/Y in June according to data from China Automotive Association (CAAM) and China Passenger Car Association (CPCA). This marked the first monthly contraction in production and sales since Jan, signaling a market slowdown amid a stumbling economic recovery in China. On a quarterly basis, 2Q passenger car production/sales increased 21% and 27% Y/Y respectively due to easier compares from last year’s COVID shutdowns; sequentially production and sales increased by 13% and 12%, below typical seasonality of +20%. New energy vehicle (NEV) sales in June increased 35% Y/Y to 806k, which is the second highest unit sale after Dec 2022; On Y/Y basis, growth in NEV sales slowed to 35% vs +50% in the last 3 and 6 months. 

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APPENDIX

We Nik Todorov, Dennis Reed, and Sean Muir hereby certify that the views expressed in this research report accurately reflect our personal views about any or all of the subject securities referred to in this research report. We certify that no part of our compensation was, is or will be directly or indirectly related to the specific recommendations or views expressed in this research report. The analyst(s) responsible for the preparation of this report have no ownership stake in this company.  Edgewater Research Company provides no investment banking services on this or any company . Proprietary research and information contained within which forms the basis for findings or opinions expressed by Edgewater Research Company may be used by Edgewater Research Company for other purposes in the course of compensated consulting and other services rendered to third parties. The information transmitted by this email is intended solely for the person or entity to which it is addressed. If you are not the intended recipient of this message, be aware that any use, review, retransmission, distribution, reproduction or any action taken in reliance upon this message is strictly prohibited. If you received this in error, please contact the sender and remove the material.

Nik Todorov, Dennis Reed, Sean Muir; Edgewater Research