Fortunately or unfortunately, China is the second most populous country in the world and First in the list of most polluting exceeds 20% of the global total. Therefore, the country sees electric vehicles as an excellent option when it comes to drastically reducing its emissions, and thanks to the strong investments made in this sector, they are already seeing the results reveal the inevitable.

As confirmed by the China Passenger Car Association (CPCA), electric car sales reached the following level last July: 879,000 units and therefore represents 50.84% ​​of the total. Compared to the same period last year, this growth is at the level of 37 percent and it seems that there will be no slowdown in the trend.

There are currently around 25 million electric cars on the streets of China

Frankly, we cannot say that Xiaomi SU7 is one of the main reasons for this trend because New to the marketbut it is clear that things have brightened up a bit since Lei Jun presented it at the end of 2023. In fact, Xiaomi itself is also making huge efforts to improve its production, given the market trend, which makes it quite clear what is happening in China.

Total today 24.7 million electric and plug-in hybrid cars on China’s streets, but these figures will continue to grow exponentially. So far in 2024, the country has achieved around 5 million sales, representing a 34% growth compared to last year’s figures, so the results of the measures implemented by the Government are largely bearing fruit.

In short, this makes perfect sense, considering that China is currently the country with the most production capacity and therefore the lowest production costs. Sales figures are increasing completelyThe next chapter will probably be about resolving sales in this market, and that seems pretty far away for now.

via | Electric Forocars

Inside Xiaomi World | The huge success of the SU7 car forces Xiaomi to do the opposite of other brands