News Formal

Chinese EV Market Poised for Year-End Sales Surge

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 25 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 68%

Chinese EV Market News

Electric Vehicles,EV Sales,BYD

Chinese EV market experiences significant growth, driven by government subsidies and strong performance from domestic and international automakers, with a potential shift in the luxury segment.

Despite a massive price war and European nations doing their best to create a trade war, the Chinese EV market still looks like it will easily be crowned the best electric auto market in the world heading into the final months of 2024. China's major EV makers ended Q3 stronger than last year, with solid deliveries reducing the need for discounts, according to a new report from Bloomberg. Now, analysts predict a sales surge in Q4.

This policy led to Tesla’s best Chinese quarter, with EVs and hybrids comprising 53% of new car sales in September. Chinese EV sales are expected to rise further following a recent directive for government agencies to increase purchases of new energy vehicles. For example, Zhejiang Leapmotor, Nio, and Zeekr are thriving through major deals and brand expansions. Top-sellers BYD and Geely are on course to hit ambitious sales targets of 4 million and 2 million, respectively.

 

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:

 /  🏆 34. 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.

New Market Drayton Artisan Market launches this SaturdayA new bigger monthly artisan market is launching in Market Drayton this Saturday 12 October, attracting up to 25 local and regional food and drink producers, handcrafters, artists and more.
Source: shropshirelive - 🏆 55. / 63 Read more »

8 cheery photos of Market Drayton's new artisan market as event is hailed a successA new artisan market launched to resounding success in Market Drayton – with more than 20 stallholders lining up for the event.
Source: ShropshireStar - 🏆 98. / 51 Read more »

New Market Drayton Artisan Market launches this weekendA new, revamped artisan market is launching in Market Drayton this weekend.
Source: ShropshireStar - 🏆 98. / 51 Read more »

Period town house in Market Drayton that is brimming with character hits the marketA stunning period town centre home offering a 'perfect blend of traditional elegance and modern convenience' has been listed for sale.
Source: ShropshireStar - 🏆 98. / 51 Read more »

Bond market braced for rise in UK debt issuance to £300bn this yearInvestment banks pencil in second-biggest annual gilt sales figure on record ahead of Labour’s first Budget
Source: FT - 🏆 113. / 51 Read more »