Focusing in on a few comments from Nio CEO William Li's on future China car market sizing: 1⃣ "China's auto parc will peak at about 400 million vehicles" 2⃣ "Long-term annual domestic sales will be about 25 million units ... 3⃣ "... with export reaching 15 million units"

China's rapid car export growth is facing headwinds. In our latest Rhodium Group note we outline why exports will slow and may even have peaked. This does not mean though that CN carmakers export ambitions are gone and incumbent producers are off the hook rhg.com/research/from-…

Germany's largest union IG Metall says foreign companies selling products in EU should be forced to include components made in the bloc "If Chinese or American carmakers want to sell cars into Europe, we need to force them to assemble products in Europe with EU components"

Its not just the US that is raising tariffs: As I'd predicted last year, China's car exports to Russia are plummeting due to Russia's recycling fee hike (a de facto tariff). Exports in Feb down to 16k from Sep peak of 115k. Read more: rhg.com/research/colli…

Our latest note looks at the ongoing electrification of China's vehicle fleet—especially in trucking—and estimate what it means for oil demand. China's EVs are already displacing an estimated 1 million barrels of oil demand per day, and that will grow. rhg.com/research/elect…