So, i'm in Beijing right now and just observing the cars they have on the street here.
NEVs are not as common as I would expect. I would guess maybe 20 to 25% of the non-cabs are NEVs. Among cab NEVs, they are all local BAIC types I think. I haven't seen all that many BYD cars here, but they are the most common NEV brand outside of the cabs. Qin+ and Yuan/Song are the most common ones I've seen. I haven't seen any XPeng or Li Auto, but I have seen a few NIO and Tesla. Maybe 1 or AITO. I even saw a ID3 this morning. Still heavy presence of legacy ICE on the street, a lot of Toyota, VW, Honda and GM around. So my sense is that NEV penetration and growth has plenty of room to go still.
NEVs are not as common as I would expect. I would guess maybe 20 to 25% of the non-cabs are NEVs. Among cab NEVs, they are all local BAIC types I think. I haven't seen all that many BYD cars here, but they are the most common NEV brand outside of the cabs. Qin+ and Yuan/Song are the most common ones I've seen. I haven't seen any XPeng or Li Auto, but I have seen a few NIO and Tesla. Maybe 1 or AITO. I even saw a ID3 this morning. Still heavy presence of legacy ICE on the street, a lot of Toyota, VW, Honda and GM around. So my sense is that NEV penetration and growth has plenty of room to go still.
