Zhang Yu, Managing Director of Automotive Foresight spoke to CGTN Europe about China’s EVs market.
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00:00China is set to meet its electric vehicle targets a decade early, with sales set to outpace traditional cars for the first time next year, according to new data sourced by the Financial Times.
00:12Sales of pure battery and plug-in hybrid vehicles have been growing by around 20% a year and are expected to reach 12 million in 2025.
00:24Sales of petrol and diesel-fuelled cars are expected to fall to fewer than 11 million. That's down from 14.8 million in 2022.
00:35While the pace of EV sales growth has slowed, the forecast suggests Beijing's 2035 target for 50% EV sales will now be achieved 10 years ahead of schedule and years ahead of other major economies.
00:50Yang Yu is the Managing Director of Automotive Foresight, an auto industry research firm. He spoke to Juliet Man.
01:20How is China getting miles ahead of the US, Europe and Japan?
01:43Yang Yu is the Managing Director of Automotive Foresight, an auto industry research firm. He spoke to Juliet Man.
02:08Yang Yu is the Managing Director of Automotive Foresight, an auto industry research firm. He spoke to Juliet Man.
02:35What does this shift away from traditional engines mean for foreign car makers?
03:05What does this shift away from traditional engines mean for foreign car makers?
03:35What does this shift away from traditional engines mean for foreign car makers?
04:04What does this shift away from traditional engines mean for foreign car makers?
04:33What does this shift away from traditional engines mean for foreign car makers?