China's NEV market in a league of its own

Quick Summary:

DESPITE the slow growth of electric vehicles globally, Chinese startups have reported notable quarterly results and anticipate higher growth in the future in the world's largest and most competitive market.

Leapmotor expects its monthly sales to reach 40,000 units in 2025, with an annual sales target of 500,000 units.

In terms of delivery data, Li Auto sold 152,800 vehicles in the third quarter, outperforming the other three companies.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSingapore

Topics: EV NEVs Auto /Business/Business News Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 14:12:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 778 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23815994

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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Coverage Areas: Malaysia

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