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Continue reading China's EV sector is hemorrhaging cash - and it doesn't matter
China's EV sector is hemorrhaging cash - and it doesn't matter originally appeared on Autoblog on Sun, 8 Oct 2023 07:00:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsIn the January-September period, China's passenger NEV wholesale sales were estimated at 5.92 million units, up 36 percent year-on-year, according to the CPCA.
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In the third quarter, Tesla sold 222,517 China-made vehicles, up 41.34 percent year-on-year and up 67.27 percent from the second quarter.
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Four lower-priced models of Nio now see wait times of 2-3 weeks, with the flagship SUV ES8 also shortened from 5-6 weeks to 4-5 weeks.
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Huawei's head of automotive business Richard Yu said the M7 SUV has seen a comeback from the dead.
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The growth of EVs is a revolution that many people don't understand, but once you share the data and the reality, they realize there is nothing to be challenged, a BYD executive said.
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