China demand slows LVMH revenue
15m
LVMH reported 1% revenue growth in the third quarter, below expectations, as weak Chinese demand weighed on the French luxury group’s performance.
Now that the more detailed data are published for September, note how China's PHEVs are flatlining while BEVs grow.
robbieandrew.github.io/carsales/?la...
robbieandrew.github.io/carsales/?la...
October 13, 2026 at 6:04 AM
Now that the more detailed data are published for September, note how China's PHEVs are flatlining while BEVs grow.
robbieandrew.github.io/carsales/?la...
robbieandrew.github.io/carsales/?la...
Here's what you need to know. Sales of full-electric (BEV) passenger cars are down less than 5% so far this year, compared to much larger declines in both full-ICE (down >30%) and PHEV (down >25%) cars.
October 13, 2026 at 7:46 AM
Here's what you need to know. Sales of full-electric (BEV) passenger cars are down less than 5% so far this year, compared to much larger declines in both full-ICE (down >30%) and PHEV (down >25%) cars.
What's more, in the period April-September, retail sales of BEVs in China are *UP 1%*.
If you see commentary saying sales of EVs in China are down, consider that most commentary talks about NEV (BEV+PHEV) as EV in China.
If you see commentary saying sales of EVs in China are down, consider that most commentary talks about NEV (BEV+PHEV) as EV in China.
October 13, 2026 at 7:56 AM
What's more, in the period April-September, retail sales of BEVs in China are *UP 1%*.
If you see commentary saying sales of EVs in China are down, consider that most commentary talks about NEV (BEV+PHEV) as EV in China.
If you see commentary saying sales of EVs in China are down, consider that most commentary talks about NEV (BEV+PHEV) as EV in China.
The news from China. In the period April-September, sales of battery-electric passenger cars in China are up 1%. Not down.
Here's what you need to know. Sales of full-electric (BEV) passenger cars are down less than 5% so far this year, compared to much larger declines in both full-ICE (down >30%) and PHEV (down >25%) cars.
October 13, 2026 at 10:44 AM
The news from China. In the period April-September, sales of battery-electric passenger cars in China are up 1%. Not down.