Tu Le, managing director of consultancy Sino Auto Insights, expressed that 'China was now well past the first movers when it comes to battery electric vehicles.' This insight indicates a significant shift in focus among EV companies towards hybrids and extended-range vehicles, responding to real consumer needs in a competitive market.
BYD, China's largest EV maker, has seen immense success lately, with its hybrid sales soaring nearly 70% higher in November compared to the same month last year. This illustrates the growing demand and acceptance of hybrids among Chinese consumers.
The strategy to pivot towards hybrids is driven by their increasing popularity in China, especially among consumers wary of electric vehicles due to limited charging infrastructure. Companies are focusing on reaching those skeptical buyers, which could enhance their sales.
Xpeng's Kunpeng Super Electric System is set to offer future vehicles the capability of traveling an impressive 1,400 kilometers without needing a stop for a charge or refuel, showcasing the potential advancements in hybrid technology.
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