'Global sales' I hope everyone understands in China it is very hard to get a licence plate, the government allows you to get a licence plate if you buy a heavily subsidised electric car. The aim is to stimulate demand to develop an industry. Large cities also banned motorbikes and scooters, with the same aim.
This is no way market driven demand, BYD is a very interesting company to look into. It is my understanding that Warren buffet has a large share in this company.
My believe is China sees oil dependence as a long term strategic weakness. In the event of a navel blockade it will be much harder for them to get the oil they need to run the economy. If a large part of the consumer sector is driven by electric powered by local sources (coal, hydro, nuclear) they can keep the logistic channels open. As a side benefit they get to fund a sector hoping to have the same success as they did with solar panels.
The article might have pointed this out but it was paid past a certain point on my device.
This is no way market driven demand, BYD is a very interesting company to look into. It is my understanding that Warren buffet has a large share in this company.
My believe is China sees oil dependence as a long term strategic weakness. In the event of a navel blockade it will be much harder for them to get the oil they need to run the economy. If a large part of the consumer sector is driven by electric powered by local sources (coal, hydro, nuclear) they can keep the logistic channels open. As a side benefit they get to fund a sector hoping to have the same success as they did with solar panels.
The article might have pointed this out but it was paid past a certain point on my device.