New Energy Vehicles (NEVs) in China

ansy1968

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tphuang

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supercat

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China has some big plan to electrify the bus fleets.

At this rate, China will export almost 4.7 million vehicles in 2023, approximately 800,000 more than the second largest exporter Japan.

Foreign legacy automakers are not doing well in China.

China’s transition to EVs is so fast that Volkswagen is on track for its worst local sales in years​

  • Volkswagen is on track for its smallest year of China sales since 2012, according to CNBC analysis of public data for the first three quarters of the year.
  • Toyota, which has struggled in the market transition to electric cars, is set for its worst year of overall China sales since 2020 with about 1.8 million vehicle sales, CNBC found.
  • A Bernstein survey of more than 1,500 consumers in China in August and September found that BYD was the top brand that Chinese buyers of electric vehicles would consider. Tesla was next, followed by Nio.
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supersnoop

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