China had 66,000 electric cars sold in October, 2017.
Globally 123,000 plug in electric cars were sold in September, 2017. October global sales are not yet tabulated.
It seems likely that China has over half of the global electric car sales. The top model in China was the BAIC EC-Series. 11,315 EC-Series registered in October.
The little EV is a success with a trendy design, improved specs (now with 200 km of range), and competitive pricing (~$22,000).
China’s electric vehicle sales have now passed 2% of all car sales. The US electric cars are at 1% of overall car sales.
China electric car company BYD plans to increase sales by 10X by 2025 through expansion and diversification
BYD chairman Wang Chuanfu has drawn up an ambitious plan for the Chinese electric carmaker, envisioning the creation of a new-energy corporate giant with sales of a trillion yuan (US$151 billion) by 2025, nearly 10 times its revenue last year.
BYD will conduct a drastic restructuring to form a new industry chain, a move designed to chase rapid growth in the coming eight years.
BYD’s different divisions including passenger vehicle, commercial vehicle, battery and electronics will be developed into various “clusters of businesses,” he added. “In 2025, our aim is to achieve sales of 1 trillion yuan.”
China could require all cars to be completely electrified by 2030.
Xu Heyi, chairman of carmaker BAIC Group, forecast that electric-vehicle production in China could reach a million units next year.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.