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Automakers borrowing Musk's strategy to expand in market

The business plan Elon Musk wrote 16 years ago for Tesla goes like this: create a low volume car, which would sell at an expensive price; use that money to develop a medium volume car at a lower price; use that money to create an affordable, high volume car; and provide solar power.
Li Xiang Cui Dongshu Elon Musk China Passenger Car Association China Association Of Automobile Manufacturers York Listed Nio

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NEV Sales Growth Slows Due to Spreading COVID_SMM | Shanghai Non ferrous Metals

A total of 820,000 new energy vehicles were sold worldwide in March 2022, an increase of 43% month-on-month and 66% year-on-year. Among them, 619,000 pure electric models were sold, up 52% MoM and accounting for 75% of the total sales, while 211,000 plug-in hybrids were sold, up 28% MoM and accounting for 25% of the total.
United States United Kingdom Changan Benben Changan Automobile Global Partnership Conference Wuling Hongguang Automobile Global Partnership Conference
Source: metal.com

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