Australia Materials: DataDig: EV Sales Launch

Research evidence excerpt

Australia Materials: DataDig: EV Sales Launch

Idea

June 15, 2026 03:51 PM GMT

Morgan Stanley Australia Limited+MAustralia Materials | Asia Pacific Rahul Anand, CFA

Equity Analyst

DataDig: EV Sales Launch R.Anand@morganstanley.comMichael A Stancliff +61 2 9770-1136

Research Associate

Michael.Stancliff@morganstanley.com +61 2 9770-9253

Charts, analysis and comparables for the global mining sector. Morgan Stanley Asia Limited+

Tim Hsiao

China's BEV sales rebounded sharply in May, rising 13% MoM/23% YoY with new

model launches and stronger exports. January-May sales tracked at +7% YoY. Our Tim.Hsiao@morganstanley.com +852 2848-1982

Autos team for China notes that May orders were mainly tied to new vehicle debuts,

while incumbent model demand remained lackluster (see here).

Overseas markets still a key driver – BEV exports up 94% YoY/3% MoM: Exports

now make up ~26% of BEV sales, vs. ~17% in May 2025. China’s domestic auto

market remained weak, with PV sales down 23% YoY in May amid softer consumer

Australia Materials

demand, policy adjustments, and macro pressure. However, NEV penetration hit a Asia Pacific

record 56.9% on a wholesale basis, supported by new launches, export strength, and Industry View Attractive

higher fuel prices. Our Autos team for China expects strong OEM order books to Recent Research:

support June BEV sales. The next major launch season starts in late July (report). Sustainability & Metals & Mining: EU's Critical

We expect the lithium market to remain tight in the near term – supported by Raw Materials Security in a Multipolar World (5

recently elevated EV exports, ESS shipments (1Q26 +79% YoY vs. our +50% growth Jun 2026)

forecast for CY26), and truck electrification momentum in China. However, Asia Energy Security and AI: Energy Meets