My Investing Muse

Source: https://cnevpost.com/2022/07/28/shanghai-aims-to-see-over-50-of-vehicle-sales-be-purely-electric-by-2025/ As per reported by CnEVPost on 28 July 2022, Shanghai aims to see over 50% of vehicle sales be purely electric by 2025. Shanghai is accelerating the full electrification of public sector vehicles and encouraging the private sector to buy electric passenger cars, according to a carbon peak implementation plan.  Screenshot of the news article Good news for the EV makers like Tesla, BYD, NIO, LI and Xpeng.   From a recent CNN news article dated 17 May 2022: The city (Shanghai) ranks No. 1 in overall car sales — about 736,700 new vehicles were sold in Shanghai last year, the most among all Chinese cities, according to statistics from the country's main insurance regulator. The EV manufacturers will need to step up - expand their capacity, manage their supply chain and also secure their supplies within the next 3 years .  The infrastructure for charging and battery sw...

Over the recent weeks, there are much news about new vehicle production plants in China, mainly Electric Vehicles (EV).  China seems to be attracting the biggest investments to build cars, especially EV in the coming years.  While there are more "players" in the EV industry, the competition will only be good for sustainability and the consumer.  With an annual car sales of approximately 78 million (as of 2020).  With the global car market expected to grow to about USD$9 trillion by 2030, China looks to benefit significantly with news of such investments. It is no surprise as the China auto market is the single biggest market in the world.  There are no better test beds with the sheer population size of 1.3 billion.  With China poised to take over USA as the #1 global economy within the next 15 years, such investments are strategic and simply logical. While Tesla has an unquestionable lead, there will be competition in this important industry.  More imp...