Hydrogen vehicles in China: Will it overtake EVs?
As of March 2022, the Chinese government released the country’s first-ever long-term plan for hydrogen vehicles. By 2025, the government aims to have 50,000 hydrogen fuel-cell vehicles on the road, more than 6 times the existing units of 8,000 in 2020. The gap in the market and the explicit support from the government for the […]
NIO market strategy: The “golden child” in the Chinese EV industry challenging Tesla
NIO (蔚来汽车, which translates to “Blue Sky Coming”) is a leading premium EV maker in China. As a young company founded in 2014 by William Li, who is dubbed the “Elon Musk of China”, NIO has received investment from tech giants like Tencent and Baidu and has eventually become the leader in China’s homegrown EV […]