“We expect 20% of new sales in China to be EVs by 2025” — China Association of Automobile Manufacturers

Fu Bingfeng, Executive Vice Chairman of the China Association of Automobile Manufacturers (CAAM), told at SMMT Electrified 2022 that expects 20% of new sales to be EVs by 2025 in China.

“China’s EV market has shifted from being policy driven to market driven & we expect 20% of new sales to be EVs by 2025. We can learn from the successful experience of European countries to drive uptake” — Fu Bingfeng, Vice Chairman of CAAM

Source: SMMT

China’s NEVs have been widely accepted by consumers and have shifted from policy driven to market driven.

Fu Bingfeng, Executive Vice Chairman of CAAM

Besides Fu Bingfeng, also Trudy Harrison MP, Parliamentary Under Secretary of State for Transport; Thomas Becker, Vice President of Sustainability and Mobility Strategy, BMW Group. The conference brought together senior leaders and experts from every sector and segment key to the transition to debate and discuss how we can deliver on these shared ambitions.

In February, Tesla sold 56,515 China-made vehicles in February, including 33,315 for export, according to the China Passenger Car Association (CPCA). BYD (the best selling EV Chinese EV maker) sold 87,473 units of new energy vehicles (NEV), achieving a remarkable 764.1% YoY growth. When it comes to pure electric vehicles, the company sold 43,173 units, a 451% YoY growth in February.

XPeng delivered 6,225 units in February, representing a 180% increase year-over-year. According to the company, the February deliveries consisted of 3,537 P7 smart sports sedans ( representing a 151% YoY increase) and 2,059 units of P5 smart family sedans. NIO delivered 6,131 vehicles in February 2022, representing an increase of 9.9% year-over-year. The deliveries consisted of 1,084 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 3,309 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 1,738 EC6s.

Written by Cláudio Afonso | info@claudio-afonso.com