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Global electric vehicle (EV) sales, particularly in China, have remained robust despite the end of subsidies. Market research firm Rho Motion reported record monthly EV sales in China, while Tesla raised prices of its Shanghai-made Model 3 and Model Y cars. Li Auto, a startup, is outperforming Tesla in China's EV market. The rapid transition to EVs in China has impacted traditional automakers like Volkswagen, with Chinese brands gaining traction due to strong hybrid lineups and competitive pricing. This surge in EV sales in China has raised questions about the ability of European and US automakers to compete in the market.
As EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars https://t.co/YH0v1l9Ssq
As EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars. More here: https://t.co/03KbkWKEou
#Tesla has increased price of Model Y long-range vehicle in #China by 2,000 yuan to 304,400 yuan from Tue https://t.co/haGgRmRP6L
Don't miss this episode! EVs ~40% of all new car sales in China, the largest auto mkt in the world. EVs sold there similar in price to gas engine cars - mfg cost has dropped significantly in just few years (batteries, etc.). China now #1 car exporter. https://t.co/Byjhz1eUV4
China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years https://t.co/GQzsKiUAg1
"Are Americans Falling Out of Love With EVs?" https://t.co/EGLtsccg6F "The industry will work it out in the end—governments with climate targets are forcing it to. But it will take years and will burn through unconscionable amounts of shareholder capital." https://t.co/9RZ8DyJ29I
China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years https://t.co/GQzsKiUAg1
China's transition to EVs is so fast that Volkswagen is on track for its worst local sales in years https://t.co/3Feyg7JuQr
• 1st Chart: Even though Tesla sells more cars in China each year, the situation is not great because sales of non-Tesla pure EVs have increased at a much faster rate • 2nd Chart: The situation in the US is completely different You can see Q3 2023 here: https://t.co/lt9AKfU4CK https://t.co/VM7XILZYe2
China's EV Market Dominance and the Challenges Facing Tesla — Manifold #48 A really great episode with expert @tphuang EV tipping point has arrived in China. Even most tech experts do not appreciate the huge impacts on global economics, mfg, energy .. https://t.co/Byjhz1en5w
#EVs: Can European automakers catch up with China? Two of our investment professionals weigh in on the recent developments.
In the race to dominate the EV market, China has been the standout as US companies struggle to become competitive: Listen to The Big Take podcast https://t.co/NOPLFjicKR
In the race to dominate the EV market, China has been the standout as US companies struggle to become competitive: Listen to The Big Take podcast https://t.co/s7FGUbASDB
Startup Li Auto is beating Tesla China's EV sales https://t.co/sPI8KAm88D
Tesla raises prices of Shanghai-made Model 3, Model Y cars again even as China sales slid $TSLA https://t.co/Ki9yuIzrW3
In 50 Words: Global EV sales surge with record numbers in China https://t.co/lryndqjiNf
Global EV sales stay strong, China hits record despite end of subsidies https://t.co/TlF4oTr6jO
Focus: Automakers' drive to avoid China's EV rare earth dominance gathers speed https://t.co/J3AvWHP3qT https://t.co/CwkNm1iFNP
Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion. More here: https://t.co/NWwDF44DsY