Search
  • Ernie Diaz

Electric Power to the People

Add it's adoption cycle to things you'll never understand about China. Usually we err to the long side: NBA, coffee, and health supplements won market share far beyond her first tier cities far faster than the wonks predicted.


But the recent toppling of Tesla as China's fastest selling EV is even more promising than the vision of a nation of caffeinated/sedated Lebron wannabes. Yes, Tesla is still killing it in the world's biggest car market. However, the T3 is getting outsold by Wuling's mini 2-door model. Wuling focuses on China's vast hinterlands, building more than 10,000 charging stations in the more than 100 cities with more than a million people.


"The rapid adoption of EVs by less-monied Chinese shows two things," says Edward Lehman. "Firstly, a far vaster willingness in China's population to go green. Also, a more rapid adoption cycle for relatively expensive new technology. Foreign manufacturers shouldn't forget the low end market here."

13 views0 comments

Recent Posts

See All

Too Big to Bail

We'd like to bear witness against the notion that Chinese giants are simply propped up by their government when they stumble. Sure, China's central bank and regulatory bodies shut Anbang down a few ye

Schools & Regulations

First they came for the tech companies, and we did not speak, for cybersecurity and monopolies are a thing. Next they came for the listed education companies, and we did not speak, for anyone in China

Free Money

It's just the same as with your therapist: the more you open up, the harder it is to stop. Opening up the economy led to 9%= GDP growth for decades, a golden era of prosperity. Anyone grateful? Nope.