As a win over Corona is likely in 2021, another view on the Chinese NEV market, which was just about to take off, becomes interesting. Who made progress in 2020? Who struggled? Who is in the pole position for 2021? This article provides some answers.
The upcoming year will be an exciting one for New Energy Vehicle (NEV) companies in China, as many of them just start selling their NEV cars and will gain first sales results. This is happening in a tense environment, as sales figures of new car sales in the Chinese market have dropped in 2018 and 2019 after they increased for more than twenty consequent years. On top, subsidies for NEV vehicles were reduced, however, there seems to be a tactical change.
Nowadays, Tesla is well known for targeting the future energy car market. As this will be a huge market in the future, also a large number of start-ups and other companies are working hard to gain some market share in this economy. Among those, I have identified a hidden pioneer – AIWAYS.