8.4% Of Chinese Vehicle Sales In January Were Plugin Vehicle Sales
The Rise and Rise of the Wuling Mini EV.
The Rise and Rise of the Wuling Mini EV.
While the overall Chinese auto market ended the year on a positive note (+12% YoY), plugins ended with a record month, growing by 50% YoY in in the last month of the year to a record 224,000 units, and this time it was plugin hybrids (PHEVs) that grew faster (+108%) than full electrics (+42%).
While the overall Chinese auto market is slowly picking up (+12% year over year in November), plugin vehicles are already on the fast lane, growing by 138% year over year (YoY) to a record 198,000 units.
While the overall Chinese auto market kept positive numbers last month, +9% year over year (YoY), plugins vehicle sales were firmly in the fast lane, growing by 120% YoY in October to 147,000 units, a new year best
The overall Chinese market remained positive in September (+8% year over year/YoY), with plugin vehicles faring even better, growing by 66% YoY in September to 131,000 registrations. That’s a new year best for plugin vehicles
As the number of EVs on the road grows, there is now an urgent need to train automotive technicians to be ready to work on all these EVs. Taurayi Raymond Sewera wants to help address this gap starting in Zimbabwe. He is setting up the International Institute of Automotive Technology Training (IIATT) with a major focus on PHEV and BEVs.
The overall Chinese auto market remained in positive numbers last month, +6% year over year (YoY), with plugins faring even better, growing 30% YoY last month to 100,000 units, a new year best.
A star is born in China. And it is not the flashy Xpeng P7 (1,725 units) or BYD Han EV (1,205), but something far more humble. More on that below.
A potential bottleneck could come quite soon on the used EV supply side. Thanks to Japanese OEM’s love of mild hybrids and their quest to prolong the ICE age as long as possible, sales of EVs in Japan have been very disappointing. Sales have been so poor that the market share of EVs in Japan was recently just under 1%.
Even counting used vehicles, the majority of African countries still have very low levels of motorization compared to countries in the developed world. Only a handful of countries have motorization rates above 100 vehicles per 1,000 people.