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Electric vehicle market in China
28 Mar 2021 (444 views)

China has the largest market for electric vehicles. This market shows huge growth in recent years due to government incentives and the economic growth of China.

A few friends watch videos about NIO and Li Auto. They believe that these EV startups will do well in China. They have strong financial backings form the tech giants like Alibaba and Tencent.

They were excited about NIO's battery swapping technology and the development of solid state battery.

I have watched over 100 videos and read many articles about the electric vehicle market, battery technology, self driving software, manufacturing expertise and other important topics.  These videos are about Tesla, Nio, Volkswagon, Toyota and other manufacturers.

By watching videos from many sources, I am able to form a more balanced picture of the electric vehicle market in China and other countries.

Battery swapping may be have some advantages, but it comes with great challenges as well. Solid state batteries will take several years to be ready and are more expensive in the foreseeable future.

My friends think that the local manufacturers will have an advantage due to the backing of the China government. The government will not allow them to fail.

I searched for the latest statistics about the EV market in China.  I share the statistics below. Tesla Model 3 is the top brand in China. BYD's Qin Pro EV is #5 (but it is a hybrid EV and not a pure EV). Li Auto's Li Xiang One is #8. Nio's ES8 is #10.

I believe that the China market is big enough to accommodate many players. But Tesla is clearly in the lead. 

I now hold an investment in Nio stock. The highest price for NIO was at $68 USD. I bought 500 shares at $52 (25% below the peak). It is currently at $36, giving me a loss of $8,000.

I think the share price will recover and that NIO will have its market segment. But NIO will not be the "Tesla killer" that it was made out to be.

Here is an article from Forbes about the EV market in China
https://www.forbes.com/sites/jamesmorris/2021/01/09/chinese-electric-vehicles-to-look-out-for-in-2021/?sh=199343d475dd

Tan Kin Lian
 


Electric vehicle market in China
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China has the largest market for electric vehicles. This market shows huge growth in recent years due to government incentives and the economic growth of China.

A few friends watch videos about NIO and Li Auto. They believe that these EV startups will do well in China. They have strong financial backings form the tech giants like Alibaba and Tencent.

They were excited about NIO's battery swapping technology and the development of solid state battery.

I have watched over 100 videos and read many articles about the electric vehicle market, battery technology, self driving software, manufacturing expertise and other important topics.  These videos are about Tesla, Nio, Volkswagon, Toyota and other manufacturers.

By watching videos from many sources, I am able to form a more balanced picture of the electric vehicle market in China and other countries.

Battery swapping may be have some advantages, but it comes with great challenges as well. Solid state batteries will take several years to be ready and are more expensive in the foreseeable future.

My friends think that the local manufacturers will have an advantage due to the backing of the China government. The government will not allow them to fail.

I searched for the latest statistics about the EV market in China.  I share the statistics below. Tesla Model 3 is the top brand in China. BYD's Qin Pro EV is #5 (but it is a hybrid EV and not a pure EV). Li Auto's Li Xiang One is #8. Nio's ES8 is #10.

I believe that the China market is big enough to accommodate many players. But Tesla is clearly in the lead. 

I now hold an investment in Nio stock. The highest price for NIO was at $68 USD. I bought 500 shares at $52 (25% below the peak). It is currently at $36, giving me a loss of $8,000.

I think the share price will recover and that NIO will have its market segment. But NIO will not be the "Tesla killer" that it was made out to be.

Here is an article from Forbes about the EV market in China
https://www.forbes.com/sites/jamesmorris/2021/01/09/chinese-electric-vehicles-to-look-out-for-in-2021/?sh=199343d475dd

Tan Kin Lian