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EV Makers Are Determined To Dethrone Tesla In China

EV sales in China surged in July. On Wednesday, the China Association of Automobile Manufacturers (CAAM) revealed that wholesale deliveries of new EVs that include battery-powered, plug-in hybrid and hydrogen fuel-cell cars rose 164% YoY last month. These 271,000 units imply that EVs made 10 percent of total auto sales in China from January to July.

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EV Week In Review: Biden’s EV Push, White House Snub Of Tesla, Nio’s Soft July Deliveries, Plug Power-Fisker Earnings

EVs are the future, and industry stakeholders are working overtime to increase the penetration of these environmental-friendly vehicles. Increasing the uptake of EVs is seen as one major way of meeting climate goals and make the earth a friendlier place to live. Here are the key developments that happened in the EV space this week:

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