(Shanghai French Xindian) Analysts and industry insiders believe that this year's Shanghai Auto Show marks the end of the Chinese fuel vehicle era, and Chinese electric vehicle companies have promoted the reform of the entire industry, far ahead of foreign counterparts.
According to Agence France -Presse, the Chinese government's support for electric vehicles and the needs of the majority of consumer groups have consolidated the dominant position of Chinese companies in the local market.
Electric vehicle expert Richards said that the Shanghai Auto Show has proven that China's electric vehicle brand "can compete with all traditional car manufacturers in all aspects.of".He joked, "Seeing a lot of worried Germans paced at the auto show."
Richards added: "I think this exhibition marks the end of the internal combustion engine and the beginning of the electric vehicle era."
According to the data from the China Automobile Industry Association, electric vehicles accounted for a quarter of the car sales in China in 2022, an increase of 94%year -on -year.Although the global automobile industry is facing weak demand, Li Bin, CEO of Weilai Automobile, believes that the share of electric vehicles in the Chinese market can increase to more than 40%this year.
The most active analysis of the world's electric vehicle market: Government's effectiveness of the industry
Market research agency Counterpoint Research data shows that China has more than 94 electric vehicle brands and more than 300 models so far, which is the "most active" market in the world.
Analysts also attributed China's flourishing electric vehicle market to the government's investment in the industry, and promoted the development of the field through preferential measures such as infrastructure construction, subsidies, and tax cuts.According to Bloomberg data, the number of public charging piles in Guangdong alone is twice that of the United States.
China's electric vehicle companies have begun to invest in overseas markets.Among them, BYD, China's largest electric vehicle company, has sold electric vehicles in Norway, and many Chinese counterparts have also begun to expand their business to Europe and Southeast Asia.
