Part 3/7:
However, recent quarterly results depict a different picture. Revenue from China declined by 11%, or approximately 7% when adjusted for currency fluctuations. Despite these declines being less severe than overall market downturns, they signal a slowdown that highlights the volatility inherent in rapidly growing emerging markets. As Dylan Lewis points out, although these figures are less than detrimental, they reflect a cooling phase in China's once-booming EV sector.