How the Fate of Fuel Vehicles and Electric Vehicles Turned the Corner
China [CN] As a company that manufactures automotive parts connecting cables, it has gradually gained new development directions with the development of the industry market.
Nowadays, there is no money to be made about selling gas-powered vehicles. In addition to feeling emotional, most people believe that they have seen the tragic reality in the new energy vehicle society. After more than 20 years of rapid development, fuel vehicles have begun to reach a turning point in their destiny. The trick of exchanging price for volume suddenly failed, the profits of joint venture car companies were weakened, and new energy vehicles began to accelerate the replacement of the market share of fuel vehicles.
According to statistics, in the past few years, new energy vehicles have kicked off high growth, maintaining triple-digit year-on-year growth, and the penetration rate continues to hit new highs. In April this year, the production and sales of new energy vehicles were 640,000 and 636,000 respectively, both increased by 1.1 times year-on-year, and the market share reached 29.5%. Most car companies and other new energy brands are taking advantage of the trend.
If you want to know more about new energy electric vehicle charging cable product consultation, please visit or learn about OMG's recommended charging cable products: https://www.omgevcable.com
Click enlarge Image