New Energy Vehicles (NEVs) in China

Lethe said:

Back in July...



Spoiler: Sealion 6 did take the PHEV podium over Outlander for 2024, though only just:

Best-selling EVs and PHEVs (italicised) in Australia, 2024:

Tesla Model Y 21,253
Tesla Model 3 17,094
MG 4 6934
BYD Seal 6393
BYD Sealion 6 6198
Mitsubishi Outlander PHEV 6126
BYD Atto 3 5751
BMW iX1 2618
Mitsubishi Eclipse Cross PHEV 2368
Volvo EX30 2129
BYD Dolphin 2116
BMW i4 2062
Kia EV6 1785
Mazda CX-60 PHEV 1481
Polestar 2 1459
Hyundai Kona 1363
BMW iX2 1280
MG ZS EV 1262
GWM Ora 1225
Volvo XC40 1173
BMW iX3 1092
Mercedes-Benz EQA 1044
Toyota bZ4X 977
Hyundai Ioniq 5 933
MG HS PHEV 882
Volvo XC60 PHEV 872

I went this far down mostly to illustrate just how shallow the PHEV pool in particular is here, also to note the very underwhelming performance of Toyota's bZ4x, which significantly undershot Toyota Australia's own downgraded pre-launch sales target of 1500 vehicles for the year. Turns out that the Toyota badge is not literally magic, even here. Kind of puts a different spin on the "disappointing" sales of GWM Ora, even if that vehicle is literally half the price of bZ4x. It'll be interesting to see which vehicle takes home the PHEV crown in 2025: BYD Shark or BYD Sealion 6.

Sources:

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3SonsAndaPhD said:

"China is now home to the world’s second-largest lithium reserves, behind only Chile, thanks to a spate of big discoveries. According to the China Geological Survey,

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in lithium exploration has boosted its global share of lithium reserves from 6% in 2020 to 16.5% currently, placing it ahead of Australia, Argentina and Bolivia. Since 2021, the country has stepped up efforts in lithium exploration, helping to uncover 30 million metric tons of new lithium ore in places such as Sichuan, Qinghai and Jiangxi provinces."

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"China may have more bargaining power in the electric vehicle and battery sectors, though in an unexpected way. According to a report from

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, citing Chinese news agency

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, the country has become the world’s second-largest holder of the lithium reserves, as it announced the discovery of a massive spodumene belt in Tibet."

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