Chinese passenger EV sector is on a rebound after a prolonged period of low sales volume but volatility remains.
Because of their work, Business Insider named BYD founder Wang Chuanfu and NIO CEO, William Li, to our annual list of theIn the middle of this year, China's market for passenger electric vehicles emerged from a yearlong downturn. After a sustained drop in vehicle sales brought on by a reduction of government subsidies and compounded by the effects of COVID-19, consumer confidence returned.
The rebound is the latest twist for a sector that has experienced spectacular growth over the past decade. In 2011, China accounted for just over 5% of global EV sales. By the start of this year, even during a downturn, that share had jumped to over 50%, making China the single largest EV market. Given the number of companies involved in the EV sector, some level of consolidation would appear to be inevitable. However, Ilaria Mazzocco, a senior research associate at MacroPolo, the China-focused think tank at Chicago's Paulson Institute, says this doesn't need to be too extensive.
Wang said identifying and building EV charging stations would be a focal point for future development.
ING_news nice design.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Inside yachting's sexual harassment and bullying problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. capthlr how true is this?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Inside independent ad agency The Richards Group's problematic culture - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
GM deploys the new Hummer EV to win over electric car skeptics - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I'll take my $FSR ocean over this! Ugly I’m interested in the type of douchebags that will drive this. Electric vehicle and Hummer drivers seemed to be polar opposites.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Business Insider webinar: How to invest ahead of 2020 election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I think there is a mistake coz you put Tom Lee's picture instead. You're welcome.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Brands like Dunkin hire workers to post TikTok videos: marketing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👍👍 Check it out! I will create 3d construction intro video (please check and order now) 3D Logo Animation, Intro & Outro, Gaming Intro, Short Video AD, I’m glad to read Dunkin is paying employees to crate and pay them for doing so. I follow a barista from Starbucks and he makes secret menu drinks. I tried one and it’s really good. My go to is a no secret. The Cold brew with foam.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »