China's Electric Car Market Charges Full Speed Ahead
China's new car market is electrifying at an astonishing rate. Industry data reveals that electric and hybrid cars now account for a whopping 40% of the market in China. This puts the U.S. to shame with its measly 7.2% share. Looks like China's on the fast track to a green revolution.
Ford and GM Slam the Brakes on Electric Car Plans
While China surges ahead in the electric car race Ford and GM are pumping the brakes on their electric car plans. Looks like they're not ready to join the party just yet. Maybe they're too busy fighting aliens to focus on the future of transportation.
Treasury Rules Shock EVs Batteries Blamed
New Treasury rules have dealt a shocking blow to U.S. electric vehicles. Starting January 1 many EVs will no longer be eligible for federal tax credits due to their reliance on China made batteries. Looks like the U.S. is getting left in the dust when it comes to the electric car revolution.
China Amps Up Electric Car Competition
China is not only driving electric car adoption but it's also ramping up the competition for both incumbents and newcomers. Over 100 new EV models are set to hit the market next year making it a fierce battle for automakers. It's like the Hunger Games but with electric cars.
HSBC Has a Charged Up Recommendation: BYD and Li Auto
HSBC China autos analysts have given their electric seal of approval to BYD and Li Auto. They cite strong monthly sales volumes and better profitability as reasons to bet on these two stocks. Looks like they want investors to ride this electric wave all the way to the bank.
Li Auto Races Ahead Tesla in Hot Pursuit
Li Auto is leading the pack in China's electric car market. With monthly deliveries exceeding 40,000 cars they're leaving their competitors in the dust. The only company that seems to be able to keep up is none other than Tesla. It's like a Fast and Furious movie but with electric vehicles.
China electric car market hybrid cars U.S. industry data penetration Ford GM electric car plans Treasury rules federal tax credits China-made batteries competition growth EV models HSBC BYD Li Auto monthly sales volumes profitability price target Tesla Li Auto shares product cycle government support consumption tech driver-assist Huawei Aito car smart car ecosystem Chang'an Auto Foryou Corp Changan Automobile joint venture hold rating
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Red87445
Ford and GM better step up their game.
MarkW401
China is electrifying the car industry!
geet187
China is charging ahead, while the U.S. is stuck in neutral.
joao35
China-made batteries are powering the electric revolution.
Pepsipl0x
The U.S. needs to catch up or get left behind.