Share Facebook Twitter LinkedIn Pinterest Bluesky Threads China’s transition to EVs is so fast that Volkswagen is on track for its worst local sales in years Source: 15shs1
15shs1 on November 18, 2023 12:21 pm Some points: -Volkswagen is on track for its smallest year of China sales since 2012. -Toyota, which has struggled in the market transition to electric cars, is set for its worst year of overall China sales since 2020. -Nissan is on track for its worst year in the market since 2009 -Hyundai is set for its lowest sales since at least 2009 -A Bernstein survey of more than 1,500 consumers in China in August and September found that BYD was the top brand, Tesla was next, followed by Nio.
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Some points:
-Volkswagen is on track for its smallest year of China sales since 2012.
-Toyota, which has struggled in the market transition to electric cars, is set for its worst year of overall China sales since 2020.
-Nissan is on track for its worst year in the market since 2009
-Hyundai is set for its lowest sales since at least 2009
-A Bernstein survey of more than 1,500 consumers in China in August and September found that BYD was the top brand, Tesla was next, followed by Nio.