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What does this say

1658 Views 4 Replies 4 Participants Last post by JRMiv, May 30, 2022

pdonnell

Discussion Starter · May 11, 2022

After some reading I've learned China is getting, by a wide margin, most of these cars. Lexus believes range is more then adequate for that market and they are getting drive by wire yoke steering wheel. Having said that, what is being accomplished by sending to N.A. a pittance of production?

A play to show the N.A. market it has E V.'s. Get the word out?

And what improvements are being held in reserve for a time when production numbers can be ramped up to be a serious N.A. contender? (If any).

And why in particular is China getting the bulk of the production?

Thoughts?

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KeoRS

· #2 · May 11, 2022

pdonnell said:
After some reading I've learned China is getting, by a wide margin, most of these cars. Lexus believes range is more then adequate for that market and they are getting drive by wire yoke steering wheel. Having said that, what is being accomplished by sending to N.A. a pittance of production?

A play to show the N.A. market it has E V.'s. Get the word out?

And what improvements are being held in reserve for a time when production numbers can be ramped up to be a serious N.A. contender? (If any).

And why in particular is China getting the bulk of the production?

Thoughts?

From 5 Stunning Facts About The Chinese Car Market You Need To Know

👉 "[China] is the biggest [car market] in the world.

The Chinese car market is the biggest passenger car market in the world. It became the largest in 2009, and has remained the largest ever since. In 2015, automakers sold 21.1 million passenger cars, up 7.3% from 2014. That number is less stellar than before, 10% in 2014 and 16% in 2013, but the growth alone (1.1 million) is almost as big as the entireAustralian car market (1.15 million).

Growth is accelerating again with an additional 7.8% in March, and new tax breaks for cars with small capacity engines will likely keep sales going up. The entire year's growth of passenger car sales is forecast to reach 8%, which would size the market at 22.8 million sales, making China the largest market again, by a wide margin."

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pdonnell

Discussion Starter · #3 · May 11, 2022

Gotcha 15 million versus 21.5 million. But still, the RZ's allocation to China is highly disproportionate to China versus it US allocation. My opinion.

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RZ-4-Me

· #4 · May 13, 2022

KeoRS said:
From 5 Stunning Facts About The Chinese Car Market You Need To Know

👉 "[China] is the biggest [car market] in the world.

The Chinese car market is the biggest passenger car market in the world. It became the largest in 2009, and has remained the largest ever since. In 2015, automakers sold 21.1 million passenger cars, up 7.3% from 2014. That number is less stellar than before, 10% in 2014 and 16% in 2013, but the growth alone (1.1 million) is almost as big as the entireAustralian car market (1.15 million).

Growth is accelerating again with an additional 7.8% in March, and new tax breaks for cars with small capacity engines will likely keep sales going up. The entire year's growth of passenger car sales is forecast to reach 8%, which would size the market at 22.8 million sales, making China the largest market again, by a wide margin."

More specifically the EV market in China is over 3 times the size of the American market. Electric cars made up 14.8% of Chinese car sales in 2021, compared with 4.1% in the U.S.

Why China is outselling the US in EVs 5 to 1

Electric cars made up 14.8% of Chinese car sales in 2021, compared with 4.1% in the U.S.

www.protocol.com

2021 was a banner year for China’s EV industry. The latest data from the China Passenger Car Association shows that total passenger EV sales in China in 2021 jumped 169.1% from a year ago to nearly 2.99 million: about half of all EVs sold globally. Out of every 100 passenger cars sold in China last year, almost 15 were so-called "new energy vehicles" (NEVs) — a mix of battery-electric vehicles and hybrids.

China’s record EV sales and market share dwarfed the U.S. numbers, despite President Joe Biden’s pushes. Cumulatively, the U.S. saw sales of 607,567 light-duty electric and hybrid vehicles in 2021, less than 20% of China’s sales. As a percentage it’s no better: EVs made up merely 4% of total U.S. auto sales last year, nearly 11 percentage points below China’s rate and far from the White House’s target of 50% by 2030.

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