China has seen exponential sales growth for Electric vehicles, but who were the winners and losers in the clamour for plug-in EVs?
No analysis of the 2021 figures would be complete without recognising the incredible impact of the Wuling Mini EV.
Launched in mid-2020, the car has allowed young Chinese consumers onto the road like nothing else since the Beetle or Model T. Spurred on by a 35,000 RMB starting price , almost 400,000 Mini EVs found a home in China in 2021 and they have proven especially popular with women under 35 years old, a difficult market to capture. A mind-boggling array of customisation options, and a soon-to-be-launched cabrio version, have sustained intense interest throughout the product’s lifecycle.
Industry experts predict that in 2022 demand for electrified vehicles in China will continue to intensify and sales could reach just under six million units, but the China Passenger Car Association has sounded a note of caution due to the ongoing shortage of key components needed in EVs. They foresee supply only being adequate for the production of four million ‘NEVs’ in China, and said: “The shortage of automotive chips that had hindered the growth of the car market has yet to ease.
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