Electrification in China - On Track but Challenging
Update: 2024-09-26
Description
In this episode of Fuel for Thought, we're thrilled to welcome Abby Tu, Principal Research Analyst at S&P Global Mobility and author of "Electrification in China: On Track but Challenging."
In a conversation with moderator Guido Vildozo, Senior Manager, Consulting, S&P Global Mobility, Abby dives into mainland China's remarkable journey towards electrification, revealing how new-energy vehicles (NEVs) have surpassed internal combustion engine vehicles for the first time in July 2024. With NEV sales soaring and predictions indicating they will make up 75% of the market by 2029, Abby explores the pivotal role of plug-in hybrids and range-extended electric vehicles in driving this shift.
Abby and Guido also discuss the growing dominance of Chinese automakers, their impact on global competitors, and the strategic adaptations of international brands like Volkswagen and Toyota.
Podcast Speakers
- Moderator: Guido Vildozo, Senior Manager, Consulting, S&P Global Mobility
- Speaker: Abby Tu, Principal Research Analyst, S&P Global Mobility
To read the Fuel for Thought article, click here.
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