Plug-in Vehicle Sales Rise from 1% to 5.1% in China in 5 Years, 1.3% to…
Plug-in vehicle market shares have seen growth in the United States, China, and Europe from 2015 to 2019.
Plug-in vehicle market shares have seen growth in the United States, China, and Europe from 2015 to 2019.
Tesla’s Fremont factory is open. The Model Y SUV is being delivered en masse to customers. And the Silicon Valley automaker is investing heavily in its German Gigafactory and pending US Terafactory (location TBD). Tesla’s Cybertruck is being prioritized and pulled forward while the company’s Semi truck and Roadster launch is slated (soon after) to follow.
Plugin vehicle sales continue to recover in China. They were still down 29% year over year (YoY) in April, but that was the smallest drop so far this year. Slightly more than 61,000 units were registered in April.
China’s EV boom is turning into a bust. Sales of “new energy vehicles” have been sliding for the past 10 months. In April, they showed a 43% drop from the same month in 2019.
Sales of the Tesla Model 3 were strong in March but weak in April. Should we be worried?
Welcome to the next issue of China x Cleantech. For our full China × Cleantech history, stroll over to the “Future Trends” section of our website.
With the Chinese market slowly returning to normal, now that China has endured the first wave of the COVID pandemic, sales have started to recover from February’s fall into the abyss. In March they dropped just 51%, to around 60,000 units, a significant improvement from the 65% fall of the previous month.
Tesla China has posted a fascinating video showing the inside of the Shangai factory. There are reports a long range version of the Model 3 is coming soon in China.
Why can Tesla be the inspiration for China’s financial reemergence post-pandemic?
With the Chinese electric vehicle (EV) market suffering from the general lockdown due to the coronavirus pandemic, sales took an expected beating, with only 15,000 passenger EVs registered in February, the worst result in over 3 years, representing a 65% drop year over year.