China Electric Car Market

4,100
   Pune, Maharashtra
4,100
Wish List  Add to wishlist    |     Write a review    |     Report

Dear User,


Thanks for notify us about Ad ID : 405989.


Our team will review and take appropriate action in next 24 hours. We look forward for your continuous support.


Thanks & Regards
Zamroo Team

×
SUMMARYPosted: 3 months ago

Condition

Seller Type

Type

DESCRIPTION

China Electric Car Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Mn. The report has covered country wise market trends with competitive landscape.

China Electric Car Market

China’s Electric Car Overview:

Hundreds of Chinese companies are chasing a piece of the battery-powered-car market, backed by generous government support. Tesla invests $2 Bn electric-car factory in China in Jan 2020, a brief stroll around an upscale shopping district here shows the company already has plenty of local competition.

Storefronts for Chinese carmakers Byton & WM Motor display sleek new battery-powered models. And across from a Tesla dealership sits a multistory sales outlet for Nio, a Chinese company that delivered 20,000 electric cars to buyers last year.

The Chinese government has spent at least $60 Bn to support the fledgling electric-car industry, including R&D funding, tax exemptions & financing for battery-charging stations, which in turns 400-plus Chinese companies to get into the electric-car business. Some of those companies have cars on the market, however, & many will fail.

After many years of growing electric-car sales, driven by substantial government subsidies for customers, the government last year started cutting those funds, causing sales to fall.Unreliable batteries & other quality problems have also dampened buyer’s enthusiasm. Nio last year evoked 4,800 car batteries after reports of several fires, worsening the unprofitable company’s already precarious finances.

The startup lost $1.2 Bn in the first nine months of 2019 & recently warned it could run out of cash this year unless it raises new funding.For now foreign car companies continue to see gold in China & are enhancing local production of their own electric vehicles.In October, Volkswagen & its Chinese joint-venture partners will start production at two factories, in Shanghai & Foshan, with total potential output of 600,

...
ASHWINI

(Not Rated)

••••• •• 734

Safety Tips
  1. Meet in a public place during the daytime when other people will be around.
  2. Don't carry large sums of money with you when going to meet the seller.
  3. Never send advance payment under any circumstances.
Read all safety tips...