China Feb EV sales figure was 74% higher than last year. What an achievement. The reason was two folds, this Feb, many EV makers started to reduce the supply of EVs to 4S shops due to the impending subsidy reduction, hence many 4S shops had nothing to sell during Feb; while in Feb 2018, people rushed to buy EVs because subsidy reduction starts in June. So I honestly believe that EV sales growth in China will be much higher than the state predication of 35%, equivalent to 1.6 million units. I am quite optamistic that this number will be around 1.9 million to 2 million.
In addition, loads of new EV models are popping up in the first quarter of 2019, longer distance, better software, more comfortable etc. The pending Tesla Shanghai plant is going to make every Chinese EV makers works ten times harder for the next 5 years.
Additional information related to EV was that the largest Chinese EV charging company annuounced that it made a profit over 50 million AUD in 2018.
China Feb EV sales figure was 74% higher than last year. What an...
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