China’s EV Landscape: A Briefing
This summary compiles key stories from the past two weeks of electric vehicle (EV) and new energy vehicle (NEV) coverage. For more in-depth reporting, consider subscribing.
1. CATL Anticipates Strong Growth
Contemporary Amperex Technology (CATL), the world’s leading EV battery producer, is expected to experience robust growth in 2025, according to analysts. This forecast follows the company’s recent reporting of record earnings for the previous year.
2. ‘Elimination Contest’ Looms for Chinese EV Sector
Industry insiders predict a harsh “three-year elimination contest” within China’s NEV sector. The market, already engaged in a fierce price war, may see over three-quarters of its firms fail to survive.
3. Kazakh Tycoon Eyes China’s EV Boom
Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Kenges Rakishev, chairman of the Fincraft Group, sees opportunities in China’s expanding EV sector, stating, “We are a natural partner for China, especially in the growing EV sector.”
