Tag: China car sales
Chinese NEV Resale Value Surges 30%, Volume Up 29%
Chinese NEV (BEV and PHEV) resale values are up 30%, with Chinese media noting specific rises for BYD, Nio and Denza brands. Sales volume is also up 29% as more EVs become available on the used market. Used car dealers report scrambling to buy NEVs to resell. Meanwhile used gasoline … [continued]
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Chinese NEV Share Hits 63%. What’s Next?
EVs are reaching new levels of market penetration in China. Chinese retail NEV (BEV and PHEV) market share was estimated to be 63% for May, while Chinese wholesale (includes exports) reached 61%, according to CPCA, as reported in CnEVPost. We will have to wait for a more detailed breakdown. While … [continued]
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The Unavoidable Demise Of The Western Car Industry In China
The unavoidable demise of the western car industry in China is not on the forefront of managers’ minds, and neither on those of journalistic or financial followers of the industry. And that is strange. For many conglomerates in the industry, China is their biggest and most profitable market. Losing it … [continued]
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