New energy vehicles in China will command 90 percent of the auto market by 2030.
Expects sales of new energy vehicles to total around 17 million units by 2025 and 32 million units by 2030.
BYD (1211) sold 207,080 vehicles in March, a yoy growth of 97.4 percent.
And the cumulative new energy vehicles sales in the first three months of this year rose 92.8 percent to 552,000 units.
Li Auto (2015) delivered about 20,800 new vehicles last month, an increase of 25.3 percent month-on-month and 88.7 percent year-on-year. The company's cumulative delivery volume as of the end of March was nearly 310,000 units.
But Nio (9866) announced that it delivered 10,400 new vehicles last month, which represented a 14.6-percent decrease compared to the previous month. Of the 10,400 vehicles 3,203 were high-end smart electric SUVs.
Source: The Standard
https://www.thestandard.com.hk/section- ... ate-market
