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The EV shift is unfolding at an even faster pace than anticipated
EV sales surged to nearly 20% of the global market share in the 1st half of 2023, marking a remarkable acceleration in the auto industry disruption. In the not-so-distant future, the vehicle electrification won’t merely be a “differential factor” but instead, it’s poised to become the new automotive standard.
This EV shift is unfolding at an even faster pace than anticipated. However, do not lose sight of the fact that this is just the beginning of a much larger transformation when considering the grander scheme of software-defined vehicles.
China set to double EV shipments in 2023, snatching Japan’s crown as largest exporter globally: analysts
China’s electric vehicle (EV) exports are expected to almost double this year, helping the nation overtake Japan as the biggest car exporter worldwide as US rivals like Ford rue their competitive struggles.
China’s EV shipments are expected to reach 1.3 million units in 2023, according to an estimate by market research firm Canalys, versus 679,000 units in 2022 as reported by the China Association of Automobile Manufacturers (CAAM).
They will contribute to a surge in combined exports of petrol and battery-powered vehicles to 4.4 million units from 3.11 million in 2022, the research firm added. Japan’s exports in 2022 totalled 3.5 million units, according to official data.
Aided by their design and manufacturing heft, Chinese EVs are “value for money and high-quality products, and they can beat most of foreign brands,” Canalys said in a report published on Monday. Battery-powered vehicles, which comprise pure electric and plug-in hybrid models, are becoming a major export driver, it added.
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Gulf Auto Center Organised the Second China (Tianjin) Used Auto Export Exhibition
Gulf Auto Center DMCC organised the Second China Used Auto Export exhibition in Dubai and Egypt from Nov.03,2022 to Dec.03,2022. It was held to promote the used auto export business of Tianjin in the Middle East, Africa and other countries and regions and to enhance the dealers-in-Dubai’s and Egypt’s understanding of Tianjin’s used auto export enterprises and quality auto sources.
More than 100 cost-efficient auto models of over 20 types was successively exhibited in the exhibition.
