Sales of Chinese-brand cars on the domestic market soared 37.3% in February compared to the same month in 2022, according to data from the China Association of Automobile Manufacturers. 873,000 passenger vehicles made by Chinese manufacturers were sold in China last month. The domestic market share of Chinese-brand vehicles increased by 52.8%, representing a rise of 10.1 percentage points year-on-year. For the first two months of 2023, domestic brand cars sold in China amounted to 1.63 million, representing a market share of 52.3%. Vehicle production is up 11.9% for the month to 2,032,000 and down -14.5% year-to-date to 3,626,000. Despite the end of the national NEV purchase subsidies, a slew of regional policies favouring NEV has triggered very strong NEV sales in February at +59.9% year-on-year to 525,000 units. This represents 26.6% of the PV market, up from 24.7% in January. In contrast, ICE PV sales drop -9.8% to 964,000. NEV production is up 48.8% to 552,000. Sales of Chinese-brands PV soar 37.3% year-on-year to 873,000 and 52.8% share, an exceptional improvement on the 42.6% of February 2022. Exports surge 82.2% year-on-year to 329,000 units including 271,000 Passenger Vehicles (+85.8%). 87,000 NEV were exported (+79.5%). Year-to-date exports are up 52.9% to 630,000. NN: China has turned the lights back on. Its the heart of the binary oil trade. All those factories and cars and people run on energy…