China has emerged as a powerhouse in electric vehicle (EV) production, reshaping the landscape of the automotive industry. Through strategic planning, investments, and a forward-thinking approach, China has successfully positioned itself at the forefront of the global EV revolution, leaving an indelible mark on sustainable transportation. Unwavering Commitment to Clean Energy: China’s dominance in EV […]
Budget EVs
China has a unique consumer profile for its electric vehicle (EV) market. Chinese consumers have no past car ownership experience, making them more and open to EV, and are price conscious. ———- China is becoming a big part the EV market. It was only a matter of time, China is a main exporter of EV […]
Before most people realized what was going on, China had surpassed the United States as the world leader in manufacturing and purchasing EVs. And the trend hasn’t slowed: in the last two years, the number of EVs sold in China has risen from 1.3 million to a stunning 6.8 million, making 2022 the eighth consecutive […]
Chinese electric-vehicle maker Nio Inc plans to build a factory to produce budget EVs under a new brand for export to Europe from as early as next year, three people with knowledge of the matter said. The plan to broaden the company’s lineup and expand overseas sales comes as EV sales sharply weaken in China, […]