China's electric car leaders predict new energy vehicles will dominate the local market by 2030

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China's electric car leaders predict new energy vehicles will dominate the local market by 2030

cnbc2021-06-15

KEY POINTS New energy vehicles, which include electric cars, will account for 70% of China's new car sales by 2030, BYD founder Wang Chuanfu said at a conference over the weekend. Nio founder William...

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Comment（91）

Qlee10
·2021-06-17
wow
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1
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KZY
·2021-06-16
Nice!
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ZeRoCoOl
·2021-06-16
This push will change our future, only if the manufacturing process and waste management is handled properly.
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1
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Celcho
·2021-06-16
Love nio
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1
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Chororo
·2021-06-16
。
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HMKuan
·2021-06-16
Good
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adriansohfat
·2021-06-16
Lit
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天尊666
·2021-06-15
Let’s go
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Emmxtt
·2021-06-15
Power
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williamseahj
·2021-06-15
ev is future
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Jamieeee
·2021-06-15
Niceeee
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Tasha0709
·2021-06-15
?
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VincentG17
·2021-06-15
Nice
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Chris83
·2021-06-15
Nice
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gnnivla
·2021-06-15
To become the dominant vehicle type by 2030, EV has to be well supported by the infra by then. It will be interesting to watch how China will manage to achieve that.
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- waihustle:
  China has a lot of RMB to make this happen
  2021-06-15
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Thiofw
·2021-06-15
Nice
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TYW6002
·2021-06-15
$NIO Inc.(NIO)$$XPeng Inc.(XPEV)$go go go
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5
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zjjj
·2021-06-15
Nice
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- nigel_tannn:
  nice
  2021-06-15
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EthanLiew
·2021-06-15
I believe in xp and that it will dominate the market
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oyosim
·2021-06-15
Comment pls
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2
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- Puape:
  ??
  2021-06-15
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The category accounted for more than 10% of new car sales in China in March, and grew to 11.4% in May, said Wang Chuanfu, founder ofBYD.\nHe forecast that the penetration rate would surge to more than 70% in 2030. That's according to a transcript the company provided of his remarks at the China Auto Chongqing Summit held June 12 and 13.\nWilliam Li, founder and CEO of electric car start-upNio, was more optimistic. He predicted thatso-called smart electric cars would account for 90% of new car sales in 2030, according to Chinese media reports.\nNio did not have anything to add when contacted by CNBC. The U.S.-listed automaker leads its start-up peers in terms of monthly deliveries.\nBut Nio’sdeliveries of 6,711 cars in May fell from 7,102 in April, remaining well below that of BYD.\nIn May, BYD said its new energy passenger car sales rose 23% from the prior month to 31,681 vehicles, of which just over half — or 18,711 — were powered only by batteries.\nThe company’s Han sedan ranks among the five best-selling new energy vehicles sold in China — just behind Tesla’s Model 3 and Model Y for the first five months of the year, according to the China Passenger Car Association.\nIn first place is a budget electric car, theWuling Hongguang Mini, developed under aGeneral Motors’ joint venture in China.\nChinese brands to dominate\nMany foreign automakers such as Volkswagen have looked tolaunch electric cars in China first, where sales of battery-powered vehicles have gotten aboost from central government subsidies and other preferential policies.\nBeijing would like20% of new cars sold to be new energy vehiclesby 2025.\nAs the local new energy vehicle market grows, BYD’s Wang said he expects Chinese car brands will be able to account for 60% by 2030, thanks partly to their grasp of core 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nio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160893154","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160130055,"gmtCreate":1623774198277,"gmtModify":1703819139343,"author":{"id":"3548890322785063","authorId":"3548890322785063","name":"Chororo","avatar":"https://static.tigerbbs.com/0cbcbb673621a63bd8bb2f8219eded23","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160130055","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160196966,"gmtCreate":1623774095655,"gmtModify":1703819133347,"author":{"id":"3584156155377296","authorId":"3584156155377296","name":"HMKuan","avatar":"https://static.tigerbbs.com/a0743ed4f1f88ead1cf6cd9181e1fcc8","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160196966","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160327668,"gmtCreate":1623773216154,"gmtModify":1703819074677,"author":{"id":"3555051270752485","authorId":"3555051270752485","name":"adriansohfat","avatar":"https://static.tigerbbs.com/096a5100ebe1d7ed7048c089c74cd32d","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Lit","listText":"Lit","text":"Lit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160327668","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160907609,"gmtCreate":1623768235301,"gmtModify":1703818853664,"author":{"id":"3572481506955360","authorId":"3572481506955360","name":"天尊666","avatar":"https://static.tigerbbs.com/69e8457649d97776b81c071ede05d42d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Let’s go&nbsp;","listText":"Let’s go&nbsp;","text":"Let’s go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160907609","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187752387,"gmtCreate":1623765154949,"gmtModify":1703818666846,"author":{"id":"3569838071350197","authorId":"3569838071350197","name":"Emmxtt","avatar":"https://static.tigerbbs.com/d6e03ecb7bc4b789766b6100fdc05a80","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Power&nbsp;","listText":"Power&nbsp;","text":"Power","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187752387","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187783047,"gmtCreate":1623764488589,"gmtModify":1703818618876,"author":{"id":"3577932868557635","authorId":"3577932868557635","name":"williamseahj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"ev 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It will be interesting to watch how China will manage to achieve that.&nbsp;","listText":"To become the dominant vehicle type by 2030, EV has to be well supported by the infra by then. It will be interesting to watch how China will manage to achieve that.&nbsp;","text":"To become the dominant vehicle type by 2030, EV has to be well supported by the infra by then. It will be interesting to watch how China will manage to achieve that.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187492869","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4780816,"gmtCreate":1623766224132,"gmtModify":1663228894743,"authorId":3574772025886423,"author":{"id":3574772025886423,"authorId":3574772025886423,"name":"waihustle","avatar":"https://static.tigerbbs.com/ff00b015a4bdda521053764de04de141","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":187492869,"type":1,"supId":0,"prevId":0,"content":"China has a lot of RMB to make this <u>happen</u>","text":"China has a lot of RMB to make this <u>happen</u>","html":"China has a lot of RMB to make this <u>happen</u>"}],"langContent":"EN"},{"id":187581045,"gmtCreate":1623758987287,"gmtModify":1703818337310,"author":{"id":"3583220225444407","authorId":"3583220225444407","name":"Thiofw","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187581045","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187236742,"gmtCreate":1623754934986,"gmtModify":1704210616328,"author":{"id":"3584405347204231","authorId":"3584405347204231","name":"TYW6002","avatar":"https://static.tigerbbs.com/de5e85acd42c55a6583f43cc69b1b521","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a><a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>go go go","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a><a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>go go go","text":"$NIO Inc.(NIO)$$XPeng Inc.(XPEV)$go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187236742","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187673660,"gmtCreate":1623753730150,"gmtModify":1704210570837,"author":{"id":"3574748956731405","authorId":"3574748956731405","name":"zjjj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187673660","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4774433,"gmtCreate":1623756603424,"gmtModify":1663228865730,"authorId":3582005114833060,"author":{"id":3582005114833060,"authorId":3582005114833060,"name":"nigel_tannn","avatar":"https://static.tigerbbs.com/a4e3cf1c6984d3604c991eb10f6f633d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":187673660,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":187687078,"gmtCreate":1623752317594,"gmtModify":1704210510842,"author":{"id":"3565923557914189","authorId":"3565923557914189","name":"EthanLiew","avatar":"https://static.tigerbbs.com/4694088a9ee4476144e591137647a3f2","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"I believe in xp and that it will dominate the market","listText":"I believe in xp and that it will dominate the market","text":"I believe in xp and that it will dominate the market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187687078","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":187680688,"gmtCreate":1623752055344,"gmtModify":1704210499620,"author":{"id":"3573786675169658","authorId":"3573786675169658","name":"oyosim","avatar":"https://static.tigerbbs.com/f2f5a9025871abdb147fca691de7d599","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187680688","repostId":1119457448,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4771930,"gmtCreate":1623752739313,"gmtModify":1663228853937,"authorId":3585302699649087,"author":{"id":3585302699649087,"authorId":3585302699649087,"name":"Puape","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":187680688,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":90,"commentSize":91,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}