China’s EV Market Booms as Record-Breaking Sales Show Shift Toward Eco-Friendly Driving

  • 📰 gizmochina
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Li Auto, a company based in Beijing, sold 40,422 vehicles in October. That's 12.1% more than in September alone

makers. They sold a lot of EVs, showing that more and more people in China are choosing EVs, especially the richer folks.Li Auto, a company based in Beijing, sold 40,422 vehicles in October. That’s 12.1% more than in September and a whopping 302% more than last year. Guangzhou’s Xpeng wasn’t far behind, with 20,002 units sold, up 30.7% from the previous month. And Nio, from Shanghai, sold 16,074 units, 2.8% more than in September.

But it’s not just rich people buying EVs. More and more middle-class folks are also making the switch. They’re doing it because they care about the environment and because they like the smart features that EVs offer. Bigmakers like Xpeng, Nio, and Li Auto are really cashing in on this trend. They’re offering cars that are not just good for the planet but also packed with cool tech. And tech is a great way to attract new customers.

China’s EV market is booming, and sales are expected to keep growing in the coming months. The China Passenger Car Association has set a goal to sell 8.5 million EVs this year. If things keep going the way they are, that goal seems pretty reachable. We’re indeed living in an impressive time. The age of EVs is finally here it seems.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 18. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TA Securities optimistic on Penang’s property marketThe Penang Transport Master Plan (PTMP) will serve as a solid rerating catalyst for the state’s construction sector.
Source: fmtoday - 🏆 5. / 72 Read more »

Singapore’s US$110,000-a-month mansion market grinds to a haltHalf of the 10 arrested in the money laundering scandal lived in such dwellings, tainting the luxury market.
Source: fmtoday - 🏆 5. / 72 Read more »

Huawei Nova 11 SE Launches In Its Home Market Of ChinaThe Huawei nova 11 SE has now launched in its home market of China, confirming some details of the previous leaks and debunking others.
Source: LowyatNET - 🏆 13. / 59 Read more »

Malakoff to expand presence in RE, aims for 25% market share by 2031SHAH ALAM: Malaysian power company Malakoff Corporation Bhd is set to capture 25% of the total renewable energy (RE) market share in Malaysia by 2031,...
Source: theSundaily - 🏆 25. / 51 Read more »