Demand for telecom base stations, converters, and charging stations has seen considerable growth this year as a result of ongoing developments in 5G telecommunication, consumer electronics, industrial energy conversion, and new energy vehicles (NEV), according toTrendForce’s latest investigations. While ...
New energy vehicles are adding more impetus to China's recreational travel market, with a host of new models and charging infrastructure networks enabling more people to connect with nature. Activities like long road trips, camping etc. have all got a fillip due to the extensive ...
However, China provides a new driving force for the world's automobile industry as the biggest global electric vehicle (EV) sales market. In 2022, China's sales of new energy vehicles reached 6.8 million, accounting for 63 percent of total global sales. The increased deman...
Market Demand for Electric Vehicles under Technology Improvements and Tax Reliefdoi:10.1080/1540496X.2019.1656606GongWangChengEmerging Markets Finance & Trade
Hubertus Troska: China is not only the biggest auto market, it’s also the world’s biggest market for new energy vehicles. It has the vision and the sales potential, backed by strong government support. At the global level, we flipped the switch by putting b...
In November, exports of new energy vehicles hit 97,000 units, up 1.6 percent year on year, with the export volume decreasing 21.8 percent from previous months, the data showed.The association also disclosed the automobile manufacturing sector's industrial value-added output for October in ...
The demand for automotive replacements is expected to reach more than 1 trillion yuan, undoubtedly contributing to economic growth, Zhao added. By the end of 2023, China had 280 million passenger cars. Around 110 million vehicles fell within the replacement peak period of four to nine years, co...
New_Energy_Vehicle_Market_Accelerates_the_Combing- 60I n April 2022, BYD off icially announced the decision to stop the production of fuel vehicles,meaning it has completely moved away from the “fuel era”, and will focus on pure electric and plug-in hybrid electric vehicles in the future....
For reference, February 2023 was the first month after the Chinese New Year holiday. In that month, the nationwide retail sales of passenger cars reached 1.39 million units, a year-on-year increase of 10.4% and a month-on-month increase of 7.5%. The retail sales of new energy vehicles am...
However, COVID-19 brought bad news to the industry; global car sales experienced an unprecedented 16 percent decline in 2020 compared to the previous year. The decline was driven by manufacturing disability, supply chain disruptions and reduced demand for new vehicles. ...