Plummeting by 300 billion, Europe and the United States gave up electric vehicles, but it was Americ

Mondo Cars Updated on 2024-03-07

Europe and the United States to give up electric vehicles has become a hot spot in the near future, with the fermentation of things, the capital market has reacted quickly, the stock price of the American car company Tesla, the first day of more than 14%, so far for 3 consecutive days, the market value has lost more than 300 billion yuan.

Tesla developed electric vehicles very early, about 2003 when it was established has decided to focus on the research and development of electric vehicles, after more than ten years, after solving technical problems, and facing capacity problems, until 2008 after solving the so-called production capacity hell, Tesla finally saw the light.

At the end of 2019, Tesla's Shanghai factory was put into operation, which quickly reduced the cost of automobiles by 60%, so Tesla's Shanghai factory is not only the first car in the Chinese market, but also the first overseas market except the North American market.

According to the data of 2022, Tesla's Shanghai factory produced 710,000 vehicles, accounting for 54% of Tesla's car sales of 1.31 million units.

It was after the mass production of Tesla's Shanghai factory that it helped Tesla turn losses into profits, doubling and doubling Tesla's sales, pushing Tesla's stock price to soar, and Tesla's founder Musk once became the richest man in the world, which can be seen the huge power of Chinese manufacturing and the Chinese market.

After all, China has the world's most complete electric vehicle industry chain, the core technology of electric vehicles - power batteries are made in China, and six of the world's top ten power battery companies are Chinese enterprises, which can be seen that China occupies an important position in the electric vehicle industry chain.

The Chinese market is also the world's largest electric vehicle market, with 60% of the world's electric vehicles sold in China in 2022, and the penetration rate of electric vehicles in China's auto market once reached 37%, while in markets outside China, the proportion of electric vehicles in the new car market is less than 10%, which shows the decisive impact of the Chinese market on the global electric vehicle market.

Europe and the United States unanimously announced the abandonment of electric vehicles, probably because they saw that they were no match for Chinese cars in the electric vehicle market, and decided to return to fuel vehicles, after all, they monopolized fuel engine technology, as a latecomer Chinese cars in fuel engine technology is difficult to catch up.

It's just that the result of Europe and the United States doing this is that Tesla, which has been in the limelight in recent years, has borne the brunt, Tesla has relied on electric vehicles to rise rapidly in the automotive industry, and its market value is several times that of Toyota, a brother of fuel vehicles, but what I didn't expect is that it is the West that makes Tesla, and now it is they who suppress electric vehicles, which is a bit ironic.

Electric vehicles have become an advantageous industry made in China, China's electric vehicle exports will exceed 1 million in 2023, promoting China to become the world's largest car exporter, it can be seen that electric vehicles have huge support for Chinese manufacturing, and now Chinese car companies have launched a new round of price cuts, electric vehicles ** are even cheaper than fuel vehicles of the same grade, which shocks European, American, Japanese and South Korean automobile companies, if China's electric vehicles are popular all over the world, European, American, Japanese and South Korean fuel vehicles will inevitably suffer a devastating blow, This is the reason why Europe and the United States suddenly announced the abandonment of electric vehicles.

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