RV_ Posted July 29, 2022 Report Share Posted July 29, 2022 (edited) For investors there is nothing quite so disruptive than the current transition worldwide from fossil fuels to BEVs and renewables. It affects everything from computer chips to battery technology for everything, not just cars. Knowing the trends and best sellers in the world's largest automotive market can help us adjust as we teeter between a bull and bear market, with inflation in the mix. One line from below bowled me over: "If electrification continues at this pace, this market will be BEV-based by 2025! Imagine that: the largest automotive market in the world being BEV-based in three years time!" Excerpt: "Plugin vehicles continue to be all the rage in the Chinese auto market. Plugins got back into the fast lane, growing 132% year over year (YoY). They scored over 565,000 registrations in June, a new record. Plugin hybrids (PHEVs) surged 179% year over year (YoY). They reached a record 124,000 registrations in June. Their growth even beat the growth of BEVs, which was a paltry 121%…. Share-wise, with June showing a record performance, plugin vehicles hit “only” 28% market share since the overall passenger car market surged 41%. That surge was thanks to the start of the tax cut on most fossil fuel models (cars with an engine size lower than 2000 cc and priced below 300,000 CNY, or $44,000, got their registration tax reduced to half). Full electrics (BEVs) alone accounted for 22% of the country’s auto sales! This pulled the 2022 share to 26% (20% BEV). If electrification continues at this pace, this market will be BEV-based by 2025! Imagine that: the largest automotive market in the world being BEV-based in three years time! Another measure of the importance of this market is the fact that China alone represented over half of global plugin registrations last month. Tesla Model Y #1 Overall! Looking at June best sellers, the highlight is the Tesla Model Y beating the rest of the competition, including the little Wuling Mini EV, and winning the Best Seller title — not only in the EV category, but overall! In fact, the top positions of the overall market were populated by plugin models. Aside from the Tesla Model Y winning the leadership position, the Wuling Mini EV was 3rd, the BYD Song (BEV + PHEV) ended the month in 5th, the Tesla Model 3 was in 8th place, the BYD Han (BEV + PHEV) was 9th, and the BYD Qin Plus (BEV+PHEV) was 11th! This meant that there were 6 plugin models in the overall top 11. And the 5 fossil fuel models (#2 Nissan Sylphy, #4 Toyota Corolla, #6 VW Lavida, #7 VW Bora, #10 Honda CR-V) were in the minority…. Much more info and context on last month’s top 5 in the source here: https://cleantechnica.com/2022/07/28/china-electric-car-market-28-share-of-auto-sales-in-june/?utm_source=pocket_mylist Edited July 31, 2022 by RV_ Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
GMAAnnie Posted December 15, 2023 Report Share Posted December 15, 2023 chinna already does, they own all the rights to lithium and cobalt, and already make all the batteries, sooo Quote Link to comment Share on other sites More sharing options...
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