The highest Gigafactory output is Shanghai, by far. To me, this demonstrates China's EV manufacturing prowess, if we didn't know already.
>And EV companies in China are not magical, and most arent incredibly good at EV manifacture. Many of them are losing money just as in the West. And there is consolidation in that market, just as in the West.
I'm not saying that many of them aren't losing money. What shocked me the most was the relentless pace of EV adoption in China along with just how many different companies design and make EVs there.
>And EV account for like 25% of new cars, so they are not that far ahead. And of course, in China they often have much smaller cars, so pure numbers arent a great comparison depending on what you are analysing.
The 25% seem to match my observation in non-Shenzen areas, which I mentioned in my original post.
But the 25% isn't what is impressive. It's the pace of adoption. SCMP reported the 25% number in May 2023, which is probably where you got it from. But it was only 12.5% in 2022. It doubled within one year. Would it impress you if it's 50% in 2024?