Episode #68 - Better May sales, WM Motor's IPO, More Deets on the NIO ES7

Lei starts the pod talking May sales. Overall better numbers across the board but Lei was disappointed a bit in BYD’s sales. Lei then moves to explain the stimulus package that’s been announced for vehicle purchase and who it’s targeting. 
 
 This triggers a broader discussion about the economy and Shanghai & Beijing beginning to open up and the implications of this along with the subsidies. 
 
 Lei moves the conversation over to WM Motor’s planned IPO and some of the history of the company until now and also talks about Buick’s latest announcements from last week and the recent weakness in China of the GM brands: Chevy and Buick in particular. 
 
 Tu contrasts that with the popularity of the Wuling Hongguang Mini EV which should provide GM would a treasure trove of data that can be used across their brands and products to increase sales for the China market.

Tu and Lei close out the pod talking about NIO’s ES7 and the recent announcement by Ford about investment in Michigan.