The Boom Goes On: China's Electric Car Sales Up 162% So Far This...

The Boom Goes On: China's Electric Car Sales Up 162% So Far This Year
22 July 2016

The spectacular growth of the New Energy Vehicle (NEV) market in China continues; state media reports that sales were up a massive 162% to 170,000 units in the first half of the year. NEVs include pure-electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV).

The 170,000 NEVs were divided by 134,000 EVs and 36,000 PHEVs.

The new numbers confirm China’s position as the largest market worldwide for NEVs. The United States follows at a respectable distance in second place with sales of 64,000 EVs and PHEVs.

(for anyone that missed that:- Electric Vehicle Sales Year to Date :- China 170,000 and the US 64,000)

http://www.forbes.com/sites/tychode...electric-car-sales-up-162-in-h1/#789b0cac1f19

______________

Electric Vehicles sales a booming in China and hence the demand for high performance permanent magnets using small amounts of dysprosium

Chinese Electric Vehicles are leading the world:-

http://seekingalpha.com/article/3990405-chinese-electric-vehicles-continue-boom

_________________________

Now it will be interesting to see if both the Japanese and the Chinese are prepared to kick money in to get NTU into orbit production

....... and where are the Americans and Europeans in all this ?

interesting times ahead