China EV Sector Momentum and Regulatory Changes

NIO July deliveries jump 71% to 35,934, outperforming peers. Chery invests $75M in Korea's KG Mobility to bypass trade barriers. China bans autonomous driving indicators (turquoise ADAS lights) from July 27, impacting Li Auto, XPeng. New EV battery health accuracy rule (SOCE) with 5% tolerance. MIIT 15th Five-Year Plan for smart connected NEVs provides policy tailwinds.