BYD's NEV Dominance

STATE OF CHINA'S AUTO INDUSTRY Used car sales have regained momentum China Used Car Sales (2012 Mar. 2023) - (mn units) Used car sales: new car sales ≈ 1:1.5 -9% 17.6 18 16 14 12 10 -4% +13% 14.9 14.3 13.8 12.4 10.4 9.4 16.0 8 6.1 6 5.2 4.8 4 YoY: +7.0% 2.9 2 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Used cars +7.0% while New car sales are -6.7%: an indication of economic weakness as consumers prefer value for money in a period of economic weakness Source: China Automobile Dealers Association, Auto.sina.com, Automobility analysis Automobility Ltd 00 8

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