March saw the Chinese plug-in electric vehicle market surpass 110,000 units, up 86% year over year (YoY). Meanwhile, the mainstream market was down 7% in March, allowing the March plug-in vehicle (PEV) share to reach 5.8%. That pulls the PEV market share to 5.1%, which is already well above the 2018 result (4.2%).
Traditionally, February, along with January, are the two slowest months in the Chinese plug-in vehicle market, but with sales growing 58% year over year (YoY) last month, to some 53,000 units, especially in the context of a falling market (the mainstream market was down 17% last month), one can’t really complain about this market, despite the plug-in electric vehicle (PEV) market share dropping slightly to 4.7% (4.3% in February). However, the 2019 result is already above the 2018 result (4.2%).
60 Minutes spent some time with NIO co-founder William Li in a push to better understand the niche that the company is carving out in the emerging Chinese EV market.
Traditionally, January, along with February, are the two slowest months in the Chinese plug-in vehicle market, but tradition is not what it used to be. Even with disruption hitting the Chinese automotive market (the mainstream market was down 18% last month), plug-in electric vehicle (PEV) sales were up an amazing 175% year over year (YoY), to some 96,000 registrations.
Welcome to the next issue of China x Cleantech, our November 2018 edition. As the year starts to close, we are still getting interesting developments from China, but we have to cover the numerous developments in November before getting to those. In order to aggregate and summarize the November highlights, here’s another edition of our monthly China × Cleantech feature, also published over on the “Future Trends” section of our website. See last month’s edition for more.
At a massive event with around 10,000 electric vehicle fans and headlined by pop singer Bruno Mars, NIO unveiled its new, all-electric, premium SUV in Shanghai, China, tonight. CleanTechnica was there to enjoy the show and cover the details. Well, I was there. The rest of the CleanTechnica team was somewhere else.
While it may have seemed that option was long retired in the electric vehicle world, Chinese startup NIO hasn’t abandoned the idea of swapping batteries in electric vehicles instead of — or complementary to — fast charging. The young company is currently building a sprawling network of battery swap stations throughout China.
NHTSA has issued a statement regarding Tesla’s claim that the Model 3 is the safest car ever tested. It says it does not distinguish between vehicles that earn a 5-star safety rating.
As NIO gears up to start full production of the ES8, its electric all-wheel drive SUV, it is also planning an IPO in the US that may raise enough money to bring its products to markets outside of China.
Telsa may get to build its factory in Shangahi after all, but William Li, founder of Nio Motors, isn’t worried. Does he know something Elon doesn’t?
