Weekly: PV Sales Fell 5% yoy And 26% mom For 21-27 Jun 21
China’s PV retail sales fell 5% yoy and 26% mom during 21-27 Jun 21. CATL extended its battery supply contract with Tesla to end-25. GWM set an ambitious 2025 sales target of 4m units, of which 80% will be EVs. Geely withdrew from A-share listing and plans a spin-off of Zeekr. Yongda disposed of its stake in the auto finance business. Zhongsheng acquired 37 Mercedes-Benz stores for US$900m. Maintain MARKET WEIGHT. Top picks: Zhongsheng, Yongda, Nexteer and CATL.