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Automotive

With mainstream consumer acceptance and government support, China’s automotive sector — and especially electric vehicles (EVs) — is booming. According to estimates by both banks HSBC and UBS, three out of five new cars sold in China will be electric by 2030. That would mean around 18 million EVs, and a market size of $360 billion, if the average car cost $20,000. And that’s just for cars: Secondary industries will bloom in financing, navigation, software, autonomous hardware components, traffic surveillance, and more. China has one EV veteran — BYD, or Build Your Dream — the Warren Buffett–backed automaker that has […]

All companies in Automotive

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