BYD jumps to No. 2 in global electric car battery market

BYD Co. jumped to second place in global electric-car battery rankings in July, overtaking LG Energy Solution Ltd. as China’s demand for clean cars surges.

Demand for EVs continues to soar as high gasoline prices spur drivers to switch to hybrids and battery-powered cars, and automakers electrify their fleets. Still, EV makers face challenges, with the UK and Germany slashing subsidies, the US pushing to reduce reliance on Chinese minerals and components and surging materials prices pushing up the cost of batteries.

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Electric Cars=23% of New Zealand Auto Market, Tesla=12%New Zealand has gotten the electric car fever, and August showed that more than ever before. Last month, 23% of new auto sales were sales of fully electric cars. (Adding in hybrids would bring the Hey team. Not sure what’s happened here but these numbers are way off. 18,895 passenger sales last month. Almost 30k all types Yeah, nah. These numbers are way off. Think you got your wires crossed somewhere lol.
Source: cleantechnica - 🏆 565. / 51 Read more »