Discover and read the best of Twitter Threads about #nev

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Are you ready for a Chinese car?

China has not only become the world’s #1 in auto exports, but it now has trade surplus in that sector.

China will export more cars and parts to the EU than the other way around — for the first time this year.

This extraordinary change is due… twitter.com/i/web/status/1… ImageImageImage
Top 10 pure electric cars (BEV) by sales in 2022:

The models are from Tesla, Wuling, BYD, GAC and VW.

7 out of 10 are Chinese. Image
BYD sells more electric cars than Tesla, if plug-in hybrids are included.

The secret to BYD’s success is the ownership of almost the entire supply chain!

BYD has 30+ subsidiaries that manufacture almost everything that goes into the vehicles!

#NEV #EV #China Image
Read 4 tweets
The #Evergrande-Backed sector gains by 7.6%, China Evergrand New Energy Vehicle up 12.8% and Evergrande Property Services up 5.0%.
#China #StockMarket #NEV Image
Press Release: Fitch Downgrades Evergrande and Subsidiaries, Hengda and Tianji, to 'CCC+'.
#China #Evergrande
Fitch: The downgrade reflects #Evergrande's diminishing margin of safety in preserving liquidity.
fitchratings.com/research/corpo…
Read 4 tweets

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