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New EV Startups in China Are Not Allowed to Produce Their Own Cars
EV startups in China
China now has almost 500 electric car makers, all thanks to their government’s encouragement for more domestic EV production. It is expected that overall car sales will increase from 28 million in 2016 to around 35 million by 2025. Those 7 million EVs is roughly equal to about 40% of the total vehicles sold each year only in the US today.
However, only eight new carmakers obtained the qualification needed in order to produce pure electric vehicles. Some of the hottest EV startups of the country did not pass the process. In accordance with the rules of Development and Reform Commission and the Ministry of Industry and Information Technology, the manufacturers have to acquire a double certification to be qualified for the production.
The first license needed allows a new EV maker to produce a line of electric cars, while the second one allows them to sell. It’s difficult for startup companies to get both licenses, resulting in partnerships with already established ones. Usually state-owned automakers with long histories.
Xiaopeng Motors founder He Xiaopeng believes, that no Chinese EV startup will be able to deliver more than 10,000 cars by the end of the year.
Global EV sales for June 2019: With over 264,000 EV sales Tesla is the top 1st. In June, Tesla Model 3 had over 39,000 global sales and outsold all the other EVs. The total 264,591 sales had a growth rate of 67% year-over-year. The market share improved to 3.3%. Therefore on average, every 30th car sold worldwide is …
Electric vehicle sales to fall 18% this year According to BloombergNEF (BNEF)’s research, the sales of electric vehicles are expected to drop 18% in 2020 due to the COVID-19 crisis. The forecast for EV sales this year is 1.7 million vehicles, a 27% drop from its earlier forecast. After ten consecutive years of EV growth, …
Jaguar attempts to push the I-Pace sales by offering a $3,000 discount to Tesla owners. Jaguar Offers $3K Off With today’s electric vehicle market favoring the Tesla Model 3, Jaguar tries to kick start the sales of I-Pace with an intriguing incentive. The “Tesla Conquest” incentive gives Tesla owners $3,000 incentive to buy the Jaguar …
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New EV Startups in China Are Not Allowed to Produce Their Own Cars
EV startups in China
China now has almost 500 electric car makers, all thanks to their government’s encouragement for more domestic EV production. It is expected that overall car sales will increase from 28 million in 2016 to around 35 million by 2025. Those 7 million EVs is roughly equal to about 40% of the total vehicles sold each year only in the US today.
The first license needed allows a new EV maker to produce a line of electric cars, while the second one allows them to sell. It’s difficult for startup companies to get both licenses, resulting in partnerships with already established ones. Usually state-owned automakers with long histories.
Xiaopeng Motors founder He Xiaopeng believes, that no Chinese EV startup will be able to deliver more than 10,000 cars by the end of the year.
EV startups in China
EV Charging Stations for home, businesses or public places.
One reply to “New EV Startups in China Are Not Allowed to Produce Their Own Cars”
Laimis
Looks promising!
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