Great Wall Seeks To Double Vehicle Sales By 2025, Plans Electric Car Push

[Petar + 76]

China’s Great Wall Motor Co Ltd aims to more than double its annual sales to 2 million vehicles by 2025, with roughly a third of those expected to be all-electric battery cars. Great Wall Motor sold 950,315 vehicles last year. Great Wall Motor and Germany’s BMW aim to jointly produce electric Mini vehicles in China, signing a letter of intent last month. 

[franco + 96]

The largest market for EV’s is China and India. There are a billion cars today, when they come on line next decade they will add another billion more. They are driving the market.

[damirUSBiH + 327]

Will be interesting to see if Chinese sales remain so strong. China changing subsides in favor of more long range cars and not small Ev’s and also starting to reduce the overall subsides. Think they want to have got rid of subsidies by 2020 if I remember correctly.

[Pavel + 384]

Yep. I’m bearish on their EV story vs ICE sales. India is currently rethinking their EV policy

[Petar + 76]

If you judge EVs by what is happening in US, you make huge mistake about EV's trajectory. EVs are approaching 2% of new US auto sales. China is a whole other game. Its market is nearing 1 million per year and its goal is to have 5 million on roads by 2020. 

[franco + 96]

And, don't forget the other big reason why they must to improve EV's sector. Pollution! Government in China has to fix the pollution problem or else the legitimacy of regime will eventually be called into question, yes even in a communist country. Big reason Chinese are moving to EV's and going all in on nuclear..

[damirUSBiH + 327]

About which system of responsibilities we are talking ?  Whether or not to invest $Billions in new nuclear plants, to prevent millions of deaths each year from hazardous air quality, is a policy decision that is not up for debate or referendum. They will just do it

[Rodent + 1,424]

33 minutes ago, Petar said:

If you judge EVs by what is happening in US, you make huge mistake about EV's trajectory. EVs are approaching 2% of new US auto sales. China is a whole other game. Its market is nearing 1 million per year and its goal is to have 5 million on roads by 2020. 

While China's EVs may be large, is it large by percentage? What percentage of total cars on China's roads are EVs?

[Petar + 76]

I'm not sure in percent, but in actual numbers of cars, China is the clear powerhouse in electric so far, with more than half the all world market of about 1 million cars and light trucks. Anyway, percent or number - they are No 1.

[Rodent + 1,424]

44 minutes ago, Petar said:

I'm not sure in percent, but in actual numbers of cars, China is the clear powerhouse in electric so far, with more than half the all world market of about 1 million cars and light trucks. Anyway, percent or number - they are No 1.

If they are number one in terms of absolute numbers and not by percent, then they are #1 by default. They are also the #1 carbon emitter (by a LOOOOOONG shot). Still, their emissions per capita are about half that of the US. What I'm suggesting is that metric, by itself, is not entirely useful. 

[Carlsbad + 19]

More great news for lithium and cobalt! But where will steel tariffs fit into this mix--overall?

[WaytoPeace + 62]

Given the fast growing pace of EV’s in China, the cheaper cost of steel, and the world’s second largest deposit of lithium with massive new invstment from state ownered enterprises, look for more car companies, in addition to BMW, to move manufacturing plants to China to meet the demand in that part of the world.  

[Johnecon + 19]

Great Walls sent along the Silk Road and Belt to Europe? This is not geography as we know it.